Reported a good quarter, but the Third Quarter guidance not needing the mark. Att stopped plunging 15 , the lows, down 18 . Its worst day since 2002. Another big story, we have been talking about silver. The spotlight today gold crossing above 1900 per ounce earlier. That haven asset, also you could say a derivative of fed liquidity on the others. Painting a risk out picture for all of this, we have the yen up for a second day. Dollaryen up 1 . That tells you investors are going into the yen, which is a true haven currency. Lots of pressures gritting this risk off picture. David it is not just the dollaryen. The u. S. Dollar is down overall. It is weakening. Is that right . Abigail yes. It has been down five of the last six days. One update was up ever so slightly. From a technical perspective it has been breaking down. A weak dollar is what happens when the fed pumps a lot of liquidity, easy money into the system. The fact you have the dollar week could suggest some traders may not li
In terms of the euro, that is firmly in focus. European leaders meeting in brussels at loggerheads over how to rollout the plan. The offshore currency is essentially flat. The fix is essentially 6. 99. That is what the aussie yen is doing. The u. S. Dollar has ticked up 2 10 of 1 after a number of weeks of weakness. We can move it onto look at some of the commodities in the 10 year. A bit of concern about demand destruction for crude given the infection rate in the u. S. Florida, some policymakers saying the virus is out of control in that state. That will be a concern. 40 for wti. You still have this significant divergence between the 10 year, u. S. And china. Rishaad just getting some news from a motor company. It is secured funding from a variety of private equity companies. What it does show is chinese startups promising vehicles. Attracting funding even as we are seeing the industry having a rough time of it. This is leading to x peng saying the Company Managed to achieve the 400
Agency established in 1914 by the federal trade commission act. The ftc is chiefly responsible from protecting consumers from unfair, deceptive or fraudulent Business Practices in the marketplace. This includes protecting business privacy and the security of their data from any harmful uses of technology and combating deceptive advertising and illegal robo calls among other issues. The ftc is also responsible educating consumers about predatory Business Practices. It is intended to inform customer choices and help prevent americans from falling victim to scammers, fraud centers, cyber criminals and other bad actors. As was recently discussed at chairman marans subcommittee hearing the coronavirus has created an avenue for scammers to take advantage of consumers. The surge in internet use in particular because of stay at home orders has been a prime target for exploitation. I appreciate the commissions ongoing efforts to protect consumers from identity theft, email phishing schemes and
Good morning. So this meeting will now come to order. Today the subcommittee is holding a hearing entitled oversight of doe, during covid19 pandemic. Members will be participating in todays hearing finally in person or remotely via video conferences. And just as a reminder weve had some technical difficulties in making sure that our remote video was operating up to standard. As part of this hearing, the microphones of members participating remotely will be set on mute for the purpose of eliminating inadvertent background noise. Members participating remotely will need to unmute their microphones each time you wish to speak. For members and witnesses participating in person, i encourage you to wear your mask whenever you are not speaking. Dr. Monahan, our physician, stressed in attending physician covid19 guidelines that use of face coverings is meant to protect other people in case someone was unknowingly infected and does not have symptoms. But wearing our mask when we are not speakin
We extend a special welcome to our witnesses and thank them for appearing. Remotely all appear this morning. Commissioner noah phillips, commissioner Christine Wilson and rebecca slaughter. This agency was established in 1914 by the federal trade commission act. The fcc is chiefly responsible for protecting consumers from unfair, fraudulent Business Practices in the marketplace, including protecting Consumer Privacy and the security of their data, preventing harmful uses of technology and combating deceptive advertising and illegal robo calls, among other issues. The fcc is also responsible for educating consumers about fraudulent activity and theatory business practice fcc is intended to help prevent americans from falling victim to frauds fraudsters and other actors. Recently discussed, the subcommittee hearing on covid19 scams last month, coronavirus becauseted a new avenue of stayathome orders, a prime target for exploitation. I appreciate the ongoing efforts to protect consumers f