Somewhat grim reflections on the state of policymaking in washington, d. C. Showed up in these minutes. Some Committee Members see the likelihood of new stimulative fiscal policy dropping. This also appeared in the minutes. Participants noted that uncertainty about the course of the course of a federal government policy including in the areas of fiscal policy trade and health care was tending to way down from spending and. Iring plans in terms of what fed officials are hearing from businesses in their districts the dysfunction in washington may be beginning to hold back the u. S. Economy. A quick point on Financial Stability and asset valuations. The concerns raised in committee again about real estate valuations. When it comes to the stock market no real red flags. Some Committee Members said that valuations reflected favorable economic factors and there were no new signs of additional leverage being implemented in the stock market. No red flags over start valuations. Back to the deba
Board. Cac is the biggest gainer of the three major averages up by 1. 1 the dax, up by 0. 9 . The dollar, take a look. Youll see that the dollar is up against the euro, trading at 1. 17 up against the yen at 110. You can check out crude oil prices yesterday a down day for oil you saw oil stocks come under significant pressure this morning wti up by 33 cents to 47. 88 a couple of big stories were watching in the business world, well get to the politics of it all in a second, wells fargo announcing big changes to its board after a tumultuous year for the company. The chairman, Stephen Sanger will be stepping down at the end of this year former fed governor Elizabeth Duke will replace him. Wells fargos two longest serving Board Members are also stepping down. Last night wilfred frost asked incoming chair Elizabeth Duke whether she was confident the banks recent turmoil was over she said its hard to say but what were finding is the better we get at Digging Deeper and looking at various pro
Here are some of our featured programs coming up this weekend on cspan. Saturday night, the state of black world conference discussing the impact of a 2016 election. Author of the book are we there yet . The executive director of the National Coalition and moderator mark, host of fm radios make it plain. Also, mayor of new york, new jersey. We get together as black folks in this country and we have an agenda, we also have to unite with other people. The object is to win. We do not want to just struggle for the struggles sake. There are thousands of people in our community who have been jailed and beaten and who are dead and all kinds of things. We are not activists and revolutionaries because it is fun. For metals, for awards, for twitter, for instagram. To be brave. They did it because it was necessary. American values, the Founding Fathers and the purpose of government. Meaning of america is persuasion, love. The meaning of america is building a better project product or persuading s
Up our first guest. Please welcome david marcus from Facebook Messenger and our moderator. Thank you for joining us today. Thanks for having me. Messenger is always strived to be different from sms. First Group Texting and embraced stickers, animated gifts, what you see as the next big differentiator . We really, really like a realtime communications. As you have seen recently, we Just Announced and opened up to everyone this new thing we call instant video that enables you to have video. It is like you unmute your video for the other press to see while you type in you can start streaming while the other person had the honor a bus or a meeting and type and see you or see what you want to show them. Were going to continue investing in realtime communications. One of the things we have not talked about is we have over 300 million active users of video. That makes message or one of the biggest realtime apps in the world. Jason your not had video calling for very long, about a year ago. Te
2,094. We got to get to dominick chu. He has a market flash. Global retail now. Earlier in the past hour we told you the news about walmart taking a 5 stake in jd. Com. Theyre going to swapt businesses a little bit. Walmart giving over the china operations to jd. Com and getting a 5 share. They were up about 8 pat going into that trading halt. They are now up about 8 . So trading just a little bit below where they were when that news first came out. Just call to your attention what is happening. There again, michelle, all of this on that bit of news that walmart is turning over its walmart china operations. It now be operated by jd. Com. And i guess in compensation for that, walmart will get a 5 stake, approximately in, jd. Com. Back to you. Operating in china has been tough for a lot of u. S. Retailers. Home depot got out of there a long time ago. They were so frustrated. Absolutely. One more thing, of course, youre talking about dealing with this whole on line marketplace phenomenon