Good thursday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange getting close to new highs well start with facebook. Mark zuckerberg goes to the hill today. Were getting news out of the company on new ad formats as well Julia Boorstin has both those stories. Good morning to you Mark Zuckerberg is making the rounds in washington, d. C. , meeting with legislators, looking to regulate two areas, one, facebook privacy policies, two, responsibility for inappropriate, manipulative content on its platform. Zuckerberg met with democratic senator cantwell and also attended a dinner with mark warner and senator blumenthal also joined take a listen. I was impressed by a number of the ideas and interests of facebook in advancing privacy on the internet but i hope that we also can continue the conversation zuckerbergs meetings span the aisle, he is meeting with republican senator moran, and supposed to see hawley an
A lengthy clearing cycle by the fed those comments appeared to have disappointed investors action is u. S. President trump was also left disappointed he tweeted quote. What the market wanted to hear from jay powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive recording cycle and quote. The u. S. Dollar strengthened against the yen and the euro on the news of the record well that could be good news for japanese and european exporters its another thing that isnt likely to cheer the u. S. President. Lets get the european take on this from a financial correspondent in frankfurt actually tell us how far is the euro folding 1st of all against the dollar. By the euro point 4 percent making it one percent in the past 2 days but its more about how much did the dollar rise and then i fear the markets were being greedy expecting more rate cuts despite the u. S. Economy solid and to be fair actually paul would hasnt ruled out further cuts if the economy worse
Means no john participation in such a u. S. Mission so calm. Many think might succeed michael as the city uses as a conservative candidate in the next election she is trying to leave all or options open anyway still some confusion there that last week before Boris Johnson took over as Prime Minister in the u. K. The u. K. Proposed a European Naval mission to the gulf to help protect shipping in the strait of hormuz would germany bore me more amenable to a European Mission i personally think so and such a mission under a european flag germany would probably find its role has been similar European Missions in the past some of them quite successful and john vessels where in that flight it was for example that was one mission of off the coast of east africa and to Piracy Mission but if you look at the john navy these days the rest. So many vessels under repair and undergoing an overhauling process so theyre adalat if germany would or even could send ships into such a European Mission so th
But he did say the move would not be the beginning of a lengthy courting cycle by the fed those comments appeared to have disappointed investors action is u. S. President trump was also left disappointed he tweeted quote what the market wanted to hear from jay powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive recording cycle and quote. The u. S. Dollar strengthened against the yen and the euro on the news of the record well that could be good news for japanese and european exporters its another thing that is unlikely to cheer the u. S. President. Lets get the european take on this from a financial correspondent in frankfurt actually just how far is the euro folding 1st of all against the dollar. Point 4 percent making it one percent in the past 2 days but its more about how much did the dollar rise and then ill feel the markets were being greedy expecting more rate cuts despite the u. S. Economy doing solid and to be fair it actually hasnt ruled
All those that would be watching. Now, later on. So, uh, lets go. Okay item number two, general Public Comment. This item is to allow members of the public to address the hits committee on matters that are within the subject matter jurisdiction of the committee, and that do not appear on todays agenda. In addition to general Public Comment, Public Comment will be held during each item on the agenda. Members of the public may address the board once per agenda item for up to two minutes. You will hear a chime when indicating you have 30s remaining, and a second chime when your two minutes are up. At this time, your microphone will be muted to comply with city rules and maintain hearing decorum. Okay. Are there any any Public Comments . Senate item number three approving the minutes of the february 2nd, 2024 hits committee meeting. Okay, commissioners, um, i move approval. Okay so moved by commissioner chen. Second. Okay all in favor . Aye aye. Guys have it. Thank you. Item number four re