Income we will be joined by mohammad al aryan and minor the Dow Jones Industrial average right now is off by 1 . A loss of 280. The s p down by three quarts of one ten year note yield it is up a slight amount right now. But it was as low as 1. 02. We are keeping an eye on all of that steve as we try to make sense of what happened today and the 50 basis point cut, the largest since 08. You say it was meant to be a surprised but you werent . I dont think if you were paying you should be surprised lets look at the ill at that of the tape friday, unscheduled announcement by the chairman where he said he would use all the available tools and the fed would act as appropriate. That was one yesterday, comments from perota, from la guardia are the ecb, comments from the imf and the world bank along the same lines. We learned about the g7 meeting. This is exactly what you would expect if you went back and look at how these things work, scott there was a complaint earlier this morning in one of t
Our second panel is chris brummer, Research Professor director, institute of economic law, and University Law center. Our second witnesses katerina pastore, and columbia law school. Gendler who is professor of the practice of Global Economics and manager. Mit sloan school of management Senior Advisor to the director, Mit Media Lab and codirector of. The next witness will be robert wiseman, president , public citizen, and the final witness will be chief Strategy Officers. Welcome to all of you. Without objection, your written statements will be made part of the record. Each of you will have five minutes to summarize your testimony and with one minute remaining a yellow light will appear. At that time i will ask that you wrap up your testimony so that we can be respectful of both witnesses and Committee Members times. You are recognized for five minutes to present your testimony. Thank you so much. Members of the committee, thank you for inviting me to testify. Im here in my academic cap
We have a Good Opportunity if we enable more people to participate to offer services that can generate revenue. This is supposed to be a Nonprofit Organization, is in the . Im talking about the calibra wallop which will directly impact facebook. Is it going to be a nonprofit . No, calibra is a forprofit entity and the entity that will dold the wallet that will be offered to facebook consumers. Is Digital Currency illegal in some parts of the world quick skinny touch on that . Gets congressman there are an number of countries that prohibit buying selling or using Digital Currencies. I also want to mention privacy violation concerns things that americans have been concerned with. The american consumer, do they trust facebook and do they feel comfortable with your company . Congressman i believe we have a lot of work to do to earn Peoples Trust and we have two definitely make though strong commitments when it comes to privacy and make good on those commitments for long periods of time. I
This is bbc news. A new chapter in the economic History Of The Uk the promise we will hear shortly from Shadow Chancellor Rachel Reeves, Should Labourfor Shadow Chancellor Rachel Reeves, should labour for the Shadow Chancellor Rachel Reeves, Should Labourfor the next should labour for the next government. Should labourfor the next government. Rachel reeves addressing business and finance leaders in the city of london. We are expecting her speech to start very shortly and we will of course be keeping across the and bring it to you as soon as possible she appears. She is delivering the annual Mais Lecture Following in the footsteps of previous chancellors and Shadow Chancellors and bank governors. Rachel reeves will promise to reform the treasury as part of a possible labour governments Economic Policy. She will say, i remain an optimist about our ability to rise to the challenges we face. The conservatives suggested labour had no plan just more borrowing and more taxes. The speech comes
The week in washington, it would be unusual. I can think of another word, too. Donald trumps to strike a deal with the democrats. He tweeted this morning even worse the bill cleared Bipartisan Legislation to suspend the debt. Bloombergs chief washington correspondent joining us from capitol hill. Great to have you here. Today 90 republicans voting against the measure to increase the debt ceiling, including relief for Hurricane Harvey. Are you surprised by that number . Megan i am definitely not surprised, but we have to remember the politicking going on. They knew their boats would not matter because it would pass no matter what. Votes would not matter because it would pass to matter what. We have seen a little bit of blowback to the bill. We saw the Steve Mnuchin blowback. Fascinating. Hat so you hear this in washington all the time, but donald trump withing this deal democrats has ignited a lot of talk about him being a democratic president. That is not what happened. Donald trump ha