Amazon is in the crosshairs facing antitrust. Margaret vester prepares for a summer finale to her fiveyear crackdown on u. S. Tech giants. But first, to our top story, big tech in the eye of the storm on capitol hill. Facebook, amazon, apple, google, all appearing in washington to answer lawmakers questions. The first to be baked over the raked over the coals, facebooks david marcus was the david marcus. The cocreator of the cryptocurrency project. Senator Brown Facebook is dangerous. Now, facebook might not intend to be dangerous, but surely they do not respect the technologies they are playing with, like a toddler who has gotten a hold of a book of matches. Their motto is to move fast and break things. We would be crazy to give them a chance to experiment with peoples bank accounts. David we will take the time to get this right. Wouldnt it be easier and safer if people could inexpensively secure money transfers through their smartphones just like they do for so many things today . Th
Free cspan radio app. Earlier today facebooks david marcus testified before the Senate Banking committee to address concerns over the companys proposed Digital Currency. This is 2 hours and 20 minutes. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks access to and use of information on individuals or groups of individuals in credit, insure, employment or housing. I appreciate facebooks response last week. Shortly after the letter was sent, facebook formally announce ds its intention to launch the Payment System libra and issued a white pape
Weve got a big show coming up and interview with wilbur ross this morning and acting director mark morgan mere to talk border crisis and member of the Senate Budget banking and Arm Service Committee also here this morning on technology, trade, to discuss the real estate market, as we get house hadding data out as well. Plus founder of chairman and chairman of Equity International joining us this morning as well. Dont miss a mommy of it weve got a big three hours joining conversation this morning, cfr investment strategist lindsay belle here as well as former home ceo former ohio state is a senator minority leader American University school of Public Affairs president , capri great to see everybody this morning. Thanks so much for being here. Good morning its exciting. Excite because here we are in the beginning of another week of Second Quarter earnings and were going get a good window into the economy. Lindsay what can you tell us in terms of how earning season has kicked off. So far
With kari. It starts out nice, cool, also foggy in San Francisco once again, so were going to see this continuing for id say another few hours around the city. Lets head inland for your morning commute. Antioch at 62 degrees in the next hour. Low 60s through about 8 00, and then rising quickly into the low 80s at lunch time today, so well get a look at all of our microclimates coming up. Mike, you were saying theres something happening in concord. A minor crash reported, i shouldnt say little because if its your car, thats a pain. Smooth Speed Sensors as you get the big look at the bay. Well zoom in to 242, the southbound side. We have a crash, as you head down off of highway 4. I see a little slowing past here, so there may have been some sort of traffic break or at least distracted drivers because of the activity. Well let you know, as chp arrives and gives us specifics on any lanes blocked. No problems getting toward the bay bridge, where its still very light. Look at that. Back to
And welcome to todays session of the washington history seminar. Historical perspectives on and national affairs. This afternoon, we focus on a new book by carolyn wood isenberg entitled fire and rain nixon and the wars in Southeast Asia, published by Oxford University press just ten days ago. Our discussants afternoon are Pierre Asselin of San Diego State university and frederick log of all of harvard. Im eric arneson from George Washington university, cochair of the washington seminar. Along with my colleague of the Woodrow Wilson center, the washington history seminars, a collaborative and nonpartisan venture of the Woodrow Wilson Centers History and Public Policy program, and the american historical association. And for over the past decade, the seminar has been meeting weekly in precovid, in person at the Wilson Center and since the pandemic and postpandemic era here in the virtual realm, a few phrases before we get started. First, todays session is sponsored by the Wilson Center,