Rating. Pivotal Research Calls the stocks first to our top story. Facebook has suspended tens of thousands of thirdparty apps that were using the companys developer tools as part of a review facebook started following the cambridge analytical privacy scandal. The number of suspended apps was at 400 in august of 2018. Facebook stated that not all of the apps were necessarily abusing or selling user data. Many were not live when they were suspended. I am joined by bloomberg out of d. C. And San Francisco. Is the fact they are closing down some of these apps showing facebook is finally doing enough . Its unclear if any of these apps were important or relevant. I do think it shows the followthrough. We are going to review all the stuff and take it seriously and see if we can find any apps that are violating these policies. They are actually going out in following through. I think its a good sign they are stepping in the right direction. What came out of those meetings . It was clear he was
The video streaming Platform Company sees its second sell rating. A pivotal reachers Pivotal Research calls the stocks first to our top story. Facebook has suspended tens of thousands of thirdparty apps that were using the companys developer tools as part of a review facebook started following the cambridge analytical privacy scandal. The number of suspended apps was at 400 in august of 2018. Facebook stated that not all of the apps were necessarily abusing or selling user data. Many were not live when they were suspended. I am joined by bloomberg out of d. C. And San Francisco. Fact they are closing down some of these apps showing facebook is finally doing enough . Its unclear if any of these apps were on were important or relevant. I do think it shows the followthrough. We are going to review all the stuff and take it seriously and see if we can find any apps that are violating these policies. They are actually going out in following through. I think its a good sign they are stepping
I think you have stuck to your guns so far but i want you to keep sticking to your guns. I would like to turn to some questions about facebook and its proposed cryptocurrency, libre. I am a supporter of innovation in the Financial Sector. Cryptocurrencya could really deliver real for increased friction and more access for consumers. As somebody who has spent the last couple of years dealing with social media and facebook in particular, i think it would facebook hasy that developed something of a trust deficit and that and that the kind of Silicon Valley mindset of move fast and break things maybe works when you were thinking about it in a Technology Framework but when we are thinking about the kind of implications social media has had around consumer privacy, public discourse, that no regulation does not always work. The House Financial Services committee, yesterday, you noted post many concerns, including potential risk to the security of the financial system. Aboute your concerns Sys
On employment rate remains low at 3. 7 percent. As of june according to the bureau of labor statistics. We just had continued rising as well. With average Hourly Earnings 3. 1 higher in june compared to a year earlier. It is the 11th straight month in which wage growth exceeded 3 . In fact the u. S. Is officially in its longest suspension of Economic Growth since 1854. In order to continue this positive economic trajectory they must continually evaluate their regulatory and super very activity. To ensure broad access to a wide variety of Financial Products and services. With respect to regulation and supervision it has been over a year since the enactment of s2155. The Economic Growth wreck regulatory relief. As you move forward in finalizing certain rules required under s2155 and consider proposing new ones consider you to consider the following. Simplify capital rules for smaller Financial Institutions. While ensuring the maintain significant capital. Simplifying the vocal rule which
Homeland security secretary jeh johnson and a former Homeland Security undersecretary. They talked about russias speakinte interference in the election and how to prevent interference in the upcoming elections. If we may, well begin our hearing. It obviously was delayed with the arrival of former member scalise, which was obviously received quite warmly with the house. We are continuing to pray for his continued recovery and his family is constantly in our mind. This is our Congressional Task force on Election Security. We have formed this body to look at some issues around what happened during the last electi election. A lot of us are concerned about it. Were kind of looking forward rather than backward but kind of trying to figure out did we miss something. Can we use this as an opportunity to fix things for the future . We have the cochair miss br braddo braddock, Ranking Member on house administration. I have a comment for the record, miss cochair, in the interest of time, im just