The Senate Banking committee yesterday held a hearing on Digital Currencies and how they should be regulated. Well hear from witnesses from a Financial Services company, the Congressional Research service, and a law professor. This is about an hour and 25 minutes. 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 development that is have occurred within the Digital Currency marketplace since the creation of bitcoin in 2008. The potential benefits of Digital Currencies and the concerns about the value stability, fraud, and illicit uses, market manipulation, and privacy. Since then, facebook announced its intentions to launch a block chain system, lee bra, that will be comprised of financial and nonfinancial members including facebooks digital wallet service. Facebook including how they interact with u. S. And International Regulatory frameworks, the potential benefits an
Social media giant. Mornings with maria begins right now. Maria big show this morning, fox news senior strategic analyst jack keane is with us on taiwan arms sales, texas congressman joining me on iran and china, u. S. Secretary of commerce under george w. Bush, Carlos Gutierrez and former white house director Anthony Scaramucci, joining us, mlb baseball commissioner and author is here talking about new book for the good of the game, lots of stories to tell when he was the commissioner and allstar game on fox, dont miss a moment of it, big 3 hours coming up. Joining the conversation Fox Business Network Dagen Mcdowell, wall street journal economic editor Jon Hilsenrath and Washington Examiner editorinchief hugo gordon. Getting exciting about that. [laughter] dagen im just laughing we will talk about that today, i think, but the fed is in a top spot because Economic Data looked pretty good right now but led the market to expect it to to go ahead and cut Interest Rates, so we have to wat
The market rewinding as the fed rate cut hopes are dampened. Wall street is getting more bearish as Morgan Stanley says to sell stocks now euro banks are in turmoil as Deutsche Bank takes measures to restructure. Did it come too far too fast, and are we about to see a stock rewind guy . Number one karens back, youre everybodys back now gangs all here all here. And the matching outfit matchymatchy cute. Whats wrong, dan i havent seen you in a month and youre already discounting me no, im loving the Syracuse Orange way to represent, people listen, i think stocks have gone too far, too fast, absolutely i thought that, you know, probably 250, 200 dow points ago, maybe 75 s p handles to go. With that said, you know, the Morgan Stanley, thrive beentive. I think theyre going to be right. The thing on the list that concerns me the most believe it or not is Deutsche Bank and european banks in general. I do think the markets banking way too much on the Federal Reserve that is now people think th
In poland more than thirty years ago, following a bitter and divisive campaign. Donald tusk said polands bad days were over. Translation yesterday people approached me and asked, will you be able to do it . It wasnt possible for so many years. This is the end of this bad time. Of the rule of law and justice. Donald tusk, who did work in brussels as the European Council chief, has pledged to reposition warsaw on a firm pro european path which could unlock billions of euros in eu funding withheld by the European Commission in a spat with the current government over judicial reforms. To talk us through whats at stake im joined by bert colijn senior Eurozone Economist at ing bank. A warm welcome to the programme. Do you think brussels is Breathing A Sigh of relief as it looks at how this General Election has unfolded . Well, i think that if we look at these first pulse and indeed if this is how a coalition is ultimately going to be formed, i think it will make things slightly easierfor i t
Ed apple seeing bright spots in china as iphones a sellout within minutes of being released. Caroline the ceo of visco, his outlook on the social media company. We want to really be digging into the hot news of the day. This is largely around that ipo story. Instacart is finally a backed Company Coming onto the markets. Waiting with bated breath. Remind as if they are making money on this. We know that the valuation is significantly lower than the heyday of covid for them. Sure. It depends on when they invested. Anyone who invested in 2021 when they were valued at 39 billion dollars, they are not making money yet, if ever. The investors who invested very early when it was just a tiny start up, it has turned into a multibillion dollar company. Early indications show this company is probably going to pop, a significant pop. Maybe 30 or more. That would put it at or above the 13 billion dollar valuation that the company lowered itself to last year. Its internal valuation. The company was