Without objection the chair is authorized today declare a recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, Mark Zuckerberg. Facebooks plans to create a Digital Currency, libra, and a digital wallet raise many concerns relating to privacy, trading risk, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy, and the stability of the Global Financial system. I and other democrats have called for a moratorium on facebooks development of this Digital Currency, libra, and digital wallet until congress can examine the issues associated with a Big Tech Company developing these Digital Products and take action. As i have examined faceboo
Market not able to meet that sort of pricing expectation. Well, your Investment Committee today, joe terranova, jim laichb thal, pete najarian, and rob sechan is there anything, joe, that we can take away from peloton even maybe uber and lyft we dont know the numbers. They havent had a public quarter. Im not asking you to analyze the stock. You want the good news first . Sure. Its not smile direct now if you look at the stock, you say to yourself, what is it . Is it technology what is it exactly that we just brought to the market . Fitness is very difficult. Pete and i were just talking about this before the show you go back to 2002. Think about may of 2002. Nautilus was 45 nautilus is basically 40 million market cap at this point. A dollar fitness is difficult to offer on a public exchange. Think about vitamin shop, gnc. Now, you get the occasional Planet Fitness which is falling back to earth right now. But at the end of the day, it is difficult to get a Portfolio Manager confident a
Good morning. Welcome to mosaic. I am your host today. My cohost is ron swisher. You will see him at another show in the future. With me is chaplain Dave Robinson. You are recently retired as director of the correctional institutionals chaplaincy. Welcome to retirement after many years serving in corrections. Tell us more. Cic ministries is a nonprofit formed in the early 60s and incorporated in the 70s as joint effort with evangelical association and council churches. It was one of the few remaining love childs of that movement. We are there with a specific purpose of serving all the men and women, youth incarcerated in santa clara. We are nonprofit, so part of our budget comes from the county. Okay. Part of our budget comes from local churches, faith communities, individuals who are supporting of the ministry. Tell us a bit about Santa Clara County system and who is there, how many prisons there are, what kind of population is there . Yes. The population there is down to about 3500 p
Good morning. Welcome to mosaic. I am your host today. My cohost is ron swisher. You will see him at another show in the future. With me is chaplain Dave Robinson. You are recently retired as director of the correctional institutionals chaplaincy. Welcome to retirement after many years serving in corrections. Tell us more. Cic ministries is a nonprofit formed in the early 60s and incorporated in the 70s as joint effort with evangelical association and council churches. It was one of the few remaining love childs of that movement. We are there with a specific purpose of serving all the men and women, youth incarcerated in santa clara. We are nonprofit, so part of our budget comes from the county. Okay. Part of our budget comes from local churches, faith communities, individuals who are supporting of the ministry. Tell us a bit about Santa Clara County system and who is there, how many prisons there are, what kind of population is there . Yes. The population there is down to about 3500 p
Good morning. Welcome to mosaic. I am your host today. My cohost is ron swisher. You will see him at another show in the future. With me is chaplain Dave Robinson. You are recently retired as director of the correctional institutionals chaplaincy. Welcome to retirement after many years serving in corrections. Tell us more. Cic ministries is a nonprofit formed in the early 60s and incorporated in the 70s as joint effort with evangelical association and council churches. It was one of the few remaining love childs of that movement. We are there with a specific purpose of serving all the men and women, youth incarcerated in santa clara. We are nonprofit, so part of our budget comes from the county. Okay. Part of our budget comes from local churches, faith communities, individuals who are supporting of the ministry. Tell us a bit about Santa Clara County system and who is there, how many prisons there are, what kind of population is there . Yes. The population there is down to about 3500 p