Discussion on slave refugee camps during the war. Watch American History tv tonight at 8 00 p. M. Eastern on cspan 3. This past june, facebook announced plans for its own crypto currency called libra. The cocreator of Libra David Marcus answered lawmakers concerned over the Digital Currency before the Senate Banking committee. This is about 2 1 2 hours. 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 res
Position and as you know, without a fallback language or some appropriately established safe harbor, until a new reference rate can be used significant legal problems and challenges are likely to occur. So with this in mind, as libras scheduled end nears and so far and so far is a secured overnight Financing Rate apparently will take its place, tell us, chairman, what can we do what can be done to accommodate the numerous contacts that do not have fallback provisions . Thank you, mr. Scott. You said it very well. This is a i think there are 300 trillionplus in contracts referencing libor in five different currencies the manipulation was revealed really almost a decade ago, and i think the financial conduct authority, which supervisors the libor banks has said its an important day as the fed chair testifies in front of the House Financial Services committee. Im Carl Quintanilla with deer ra bow is a here got some record highs here the chair has discussed several things, facebook, libra,
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
Sachs. Weve got tech giants, and microsoft, plus dough laggard united health. Do you trade or fade these names going into the Earnings Report we thought wed kick off monday strong with a game of trade it or fade it. Monday, right out of the bat. Right out of the gate netflix, guy adami, trade it or fade it . Trade it, see that, you thought i was going to quiver. I think weve been steadfast on this my concern prior to the last couple of days, heres a stock thats gone from 250 to 380 in a straight line. The selloff the last couple of days has me somewhat encouraged. People are taking profits into the quarter. I think its wrong i think their International Net adds will continue to dominate and impress people all the competition talk two or three years away, the Stranger Things which ive never seen, apparently everybody is watching now. I think the franchise is strong. Yes, they have a debt problem. They have a huge mote. I think you buy netflix. You know what, im actually right with you h
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