Doing very well, up by. 4 . Will play out. Is thiso think it means. 7 . An see pound down by would a trade truce make you happier or a more aggressive investor or do you think this is if we look at the sectors doing something that is going to take uncertainty around global trade well. Even though we see longer, possibly past the 2020 and trade policy is going to persist. It is not just between the u. S. Elections . Truce would a trade and china. Markets up, we shouldnt we still have overhanging europe riskon. That as too at the margin make us more the potential for auto tariffs and we have gotten quiet on aggressive as investors if it that. I do not think that should be was a real truce and not just completely taken off the table. We have other uncertainty some agreement to talk. So that is a look at some of the associated with things like that the tariffs are moving brexit. Markets. Lets look at the other side of is isuggests to me the markets, dollar index. The dollar just a touch to
And months ahead at the center of the drama, of course, today the currency clash. President trump accusing china of currency manipulation as china lets the yuan fall we have got the details of the punch and counterpunch plus, the consumer crush the names the trade war could hit hardest, as well as which ones could actually benefit from escalating tension power lunch starts right now lows of the day on the dow right now, 781 points. The next two hours will be big trade headlines sinking stocks today. Kayla tausche covering all of the trade angles for us, as she has for months now but lets begin with bob pisani at the New York Stock Exchange hey, bob and tyler, todays declines are very broad based everything, except maybe gold and utilities. Lets take a look, down 1. 5 to 3. 5 Technology Stocks down, bank stocks down. Consumer discretionary down, energy, industrials, all down about the same however, even Consumer Staples are not faring that well look at the walmarts of the world, costcos
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
The hearing will come to order. Last congress this Committee Held two hearings examining the currency ecosystem. Those hearings we heard about some of the developments that have occurred and tha and and tr ijokerin the marketplace since e creation in 2008. The potential benefits of the Digital Currencies and the concerns about the value of stability, quality and illicit uses market manipulation and privacy. Since then facebook announced its intentions to launch the system into Digital Currency that will be governed by the association comprised of up to 100 financial and nonfinancial members including facebook digital wallet service. Facebook project generated renewed interest in Digital Currency and watching generally including how they interact with u. S. And International Regulatory potential benefits and challenges and concerns around issues like antiMoney Laundering in counterterrorism efforts including data privacy, Consumer Protections, commerce and Monetary Policy. David marcus
Morning. Be sure to watch thursday morning following the second night of the democratic president ial candidates debate of the 2020 race. Next, the Senate Banking hearing on regulating Digital Currency with tech and financial industry officials. This is one hour and 20 minutes. Sen. Crapo this hearing will come to order. Last congress, this Committee Held two hearings examining the Digital Currency ecosystem. In those hearings, we heard about some of the developments that have occurred within the Digital Currency marketplace 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