Spacex, and it is actually playing out in the market. Because spacex is privately held but if you look at the handful of more pure play space names, virgin galactic, not affiliated with any of this right now but represents Space Tourism play is higher today also the ufo space etf is trading higher ahead of the launch its scheduled to happen a few minutes after 4 30 p. M. Eastern right now but well see how the weather and Everything Else plays out here, john. You talk about space a lot, its a an important story, an Important Technology story also. I cant help but look at whats happening to silicone valley and tech at large over this incredible year especially that weve had. If you think back over the past decade, the elon musk brand of tech that is hardware, big hardware, difficult engineering, its tesla, spacex, that wasnt the popular thing. It was more the instagrams, the airbnbs, the we works. I think weve seen in this, you know, virus crisis that swept the globe its some of those in
About 2. 4 you are looking at additional declines the dow has improved we were down about 443 now we are indicated down about 366. S p futures indicated down about 32 all major averages saw declines but the dow was the biggest. S p off by 1. 8 . Nasdaq down by just 1 yesterday. A lot of it as we watched oil prices under pressure. Lets check thetreasury market 10year yielding below 0. 6 at 0. 0. 58 . Oil prices yesterday, nobody has ever seen anything like this no. Lead story went to minus 37. 63 a barrel. No place to put it people would like to store it. More people watching june switch over june is not much better obviously. No. I was shocked how much pressure that is under too. Big gain of 80 . Futures, strange things happen not everybody Takes Delivery reflecting the lack of capacity. I think peak oil might have been maybe not a real thing going back we are a wash in oil. Understanding all of the oil not being used crude delivery closed at 18. 27 and went to minus 37. 63 means selle
Secretary Steven Mnuchin on the u. S. Economy and Financial Stability. He talks about Digital Currency, World Bank Lending at the potential impact of Climate Change. Ready to go . The committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations regular approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 p. M. Per the request of the secretary. I now recognize myself for four minister give an opening statement. So let me welcome back secretary mnuchin. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As ive said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following that te dereg
Buying from the site apple amongst some of the top items. Youre also seeing a little bit of strength from some smaller cities, beyond beijing and shanghai, showing a little strength as well a slight indication along with some positive earning reports over the couple of quarters toward strength of the Chinese Consumer thats looking robust, despite concerns about economic slowdown i will point out the figure they posted is a significantly Slower Growth rate than last years singles day, year on year. That perhaps speaks to the fact this is a singles day thats maturing alibaba facing increased competition in china overall, strong singles day showing from alibaba they would be happy with what theyve seen today for now, back to you working late for us thanks for bringing us the latest well stick with baba. Good morning to you. Zack, i will start with you. Record numbers for singles day alibaba shares are down 2 why . Hey, morgan, thanks for having me on i dont know if theyre down because of
Since the creation of bitcoin in 2008. Facebooks project has generated renewed interest in Digital Currencies, including how they react with u. S. And International Regulatory frameworks, the potential benefits and challenges they pose, and concerns around issues like antiMoney Laundering and counterterrorism efforts, including data privacy, Consumer Protections, commerce, and Monetary Policy. A few weeks ago, the head of the program joined the committee to provide an update on facebooks proposed Digital Currency. Somearcus emphasized important points and commitments. There are a number of regulators globally engaged on the facebook project. They will have the highest standards when it comes to data privacy and no Financial Data or account data that is collected will be shared with facebook. It will be headquartered in geneva switzerland, but will and haveistered oversight from u. S. Regulators. Though it may have begun this conversation, the block chain and cryptocurrency system is di