Another bipartisan spending bill. The battle to replace Justice Ruth Bader ginsburg will be anything but bipartisan. The president said he will announce his pick on saturday. Joining us to talk about how the markets are digesting this news, bloombergs abigail doolittle. This is not what investors to hear. We got that big 200,000 number in the united states. 200,000 americans have died due to covid19. Talk to us about how investors are handling these continued mixed signals. Abigail that is a tragedy in the u. S. In terms of impact on the market, probably not so much. We are looking at the volatility on the backside of the huge rally in august. August was the best month ever going back to 2014. At this point, the nasdaq 100 where it was at the beginning of august. That slump that never deserved to happen according to some strategists has now been erased. Perhaps we are on a level Playing Field that on the day has taken the nasdaq and s p 500 down. You were mentioning the big drop for ap
[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from colorado is recognized for five minutes. The other coloradan. Thank you for repeating today. Thanks for your testimony today. I just want to lock one thing down where i i heard to make answers from your earlier. Ms. Maloney was kind of going through a list of regulators, and wanted to know if you would wait for their approval, and she went to a whole laundry list of them and your answer was, for the parts that apply yes, yes,e going to go and seek their approval. Her used the word seek their approval. Other times you said we will get their approval. So just from facebooks standpoint, are you willing to seek the approval or are you going to wait for the approval before anything is launched . Congressman, it is the latter. Thank you for the opportunity to clarify that. We are not going to launch anything until we get the approval. I also, if its okay, want to
Without objection the chair is authorized today declare a recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, Mark Zuckerberg. Facebooks plans to create a Digital Currency, libra, and a digital wallet raise many concerns relating to privacy, trading risk, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy, and the stability of the Global Financial system. I and other democrats have called for a moratorium on facebooks development of this Digital Currency, libra, and digital wallet until congress can examine the issues associated with a Big Tech Company developing these Digital Products and take action. As i have examined faceboo
Hansworth. He has been a wonderful partner of our center in particular not only todays event but multiple reports we have done together and i think will play a Critical Role in advancing our national interest. Lenny, please. Thank you. Thanks for the introduction. Good morning everyone. An exceptional reputation about policy that will contribute to our collective ability to enhance the National Security of the United States and our alli s allies. As we commence Cyber Security Awareness Month starting next week i cant think of a better platform or a time for all of us to get together to discuss and pursue solutions that will enable to policy objectives for Cyber Security. As a company and a Mission Partner we are committed to full spectrum Intelligence Solutions to our customers across the department of defense, the inner agency and Intelligence Community and the federal space. From our work we see firsthand how the threat is growing expo th here and abroad. We believe it is necessary t
On tactical Public Private innovation collaboration, a number of the public and private sector issues on cybersecurity. Want to also echo frank and thank our sponsors for this event, north rup grumened, and Marcus Edwards who has been our sort of partner in getting this organizes for the past few months. In addition to his day job, hes also a doctor of engineering student here at George Washington university. I dont know how he finds time to do both of those things, but thanks, marcus for all of your work on this todays conference. Ill briefly introduce the panel that we have before us, and then well go right into a discussion with some time at the end of the 50 minutes for audience questions. First, immediately to my left, your right, scott aaronson, executive director for security and Business Continuity at the Edison Electric institute. Hes been there since 2009, working in a variety of roles before getting his current position. Before that, worked on the hill for congressman lantos