Issue this week. I try. Carol and you succeed. I want to start with finance, first of all, the Digital Currency world. While we spend time talking about bitcoin, theres another currency that you guys have been looking into. Part of this is, the crypto boom and maybe the proceeding of receding of said boom that has created a lot of confusion. It seems like bitcoin is a hot thing, and then ethereum and ether. Where am i supposed to get into this . Another one that has caught a lot of attention recently is ripple, so we wanted to take a hard look at ripple. One of the things we did is, in talking to the Banking Community because ripple says it is a banking solution we talked to the Banking Community and they say they dont know what this is for. Carol not so much . Joel xrp, the Digital Currency affiliated with ripple, the thing is sort of like, what is this going to be for . There is a lot of enthusiasm but theres still reason to be really skeptical. Carol it makes you scratch your head a
, succeed. I want to start with finance, first of all, the Digital Currency world. While we spend time talking about bitcoin, theres another currency that you guys have been looking into. Joel part of this is, the crypto boom and maybe the receding of said boom that has created a lot of confusion. It seems like bitcoin is a hot thing, and then ethereum and ether. Where am i supposed to get into this . There is another that has caused a lot of attention recently, called ripple. So we wanted to take a hard look at ripple. One of the things we did is, in talking to the Banking Community because ripple says it is a banking solution. The Banking Community said, we dont know what this is for. Carol not so much . Joel xrp, the Digital Currency affiliated with ripple, the thing is sort of like, what is this going to be for . Even though there is a lot of enthusiasm, theres still reason to be really skeptical. Carol it makes you scratch your head a little bit because we know the Financial Commu
Media, all that coming up after the close tonight. Plus in case you missed it, former chair fed addressing. We have the sound for you coming up. Yes, well get responses to that as well. Oracle shares are down 11 this year so far. Jeffreys is upgrading that stock to buy with a 50 price target. You see the trading at 39 and three quarters. You have the analyst on oracle coming up moments from now. On markets today, the dow up four points. The s p higher. The nasdaq doing better up 20 points. Even though facebook is still low were after the earnings support. A lot of people liked what they saw on the numbers. By the way, apple is down today too. Lets get to our closing bell. For this thursday, ben willis, kind of a muted day today after tremendous volatile earlier this week. Whats going on today . Actually a very interesting trading day. Once again, we saw the ability to buy on the dip where the education from the Economic Data we saw took the dow jones and the s p to the loads of opening
Im Francine Lacqua in london. Quickly, a check on data. This is where a lot of the story is. I think is probably one of the most significant trades entitys session in todays session. Europound. To touch yesterday. The pound strengthening a touch yesterday. Notable for the fed. We get onto the french president ial election this sunday. Lets get to first word news. U. S. Nordisk in the President Trump has tweeted the government needs a good shot down in september after Congress Agrees a budget deal that denies him his wish list. It includes no money for his although iter wall, is full funding for planned parenthood. Democrats call his threat to shut down the government after a successful bipartisan deal sour and shameful. Fell after reporting slumping iphone sales. 50. 8 milliont sold phones in the First Quarter. It highlights the need for apple to deliver blockbuster new features in the next addition of this device defend off samsung. Were seeing what we believe to be a pause in purchas
On 600 terrific jobs, and i advocate for them all the time. Now i know the wall street firms want to forgo the cost of buying and paper and printing on paper and sending it out to investors. However our investors need this information if they have no other way to get it. So i am pleased and grateful that you have not moved forward on rule 30 e three that would make it more difficult for seniors to receive this information on paper. My question to you as the following. Why do you withdraw the rule . Weve discussed this discuss this and what i said at the time is that we actually adopted the rest of the proposal for Investment Company reporting and that was that we got stents of important comments along the lines that youve just made and i directed the staff to study it further and then come back to the commission basically targeting yearend to come back with a recommendation. After that was done we were looking at who is paying the bill to try to get better cost data. That undertaking i