I think the asian markets wont direct were not directly hit by this news because i think the general consensus is that people understand why this landmark this thing had to be delayed and they seem pretty optimistic also the ali baba will go through with it eventually infect the c. E. O. Of the Hong Kong Stock Exchange was quoted as saying last week that hes confident companies will. Will come home to hong kong and that they will find a home in hong kong he just didnt know when and he said this without alluding to ali baba because technically the listing is confidential all right but we we spoke to a representative of german business in hong kong yesterday and he told us that despite the unrest there its more or less business as usual but an above us move just now seems to tell a different story doesnt it. It does and you know what monica ali babas move to do this is actually a very smart calculated move imagine if they had gone ahead with the listing this month is going to be seen as
Purchasing power but dont tell iran. This is the way of business im on in berlin welcome facebooks new crypto currency libra is under scrutiny from e. U. Antitrust regulators according to the Financial Times the newspaper says the European Commission has sought specific information from those of working on the Digital Currency by a questionnaires on tuesday bloomberg reported about the commission had specific concerns over quote potential anticompetitive behavior related to the libor association so far facebook and the commission have both declined to comment. Our financial correspondent joins us now from new york and so what sort of answers is facebook actually supposed to provide here. Well i mean one of the main questions really is in this case at least the possibility of competitive behavior and if you look at facebook they have more users than the combined population of china and the u. S. So there is this claim there and then also facebook will probably face questions if there ar
So far facebook and the commission have both declined to comment. Our financial correspondent joins us now from new york and so what sort of answers is facebook actually supposed to provide here. Well i mean one of the main questions really is in this case at least the possibility of competitive behavior and if you look at facebook they have more users than the combined population of china and the u. S. So so there is this claim there and then also facebook will probably face questions if there are any plans to somehow connect. To some of facebooks Services Like for example or also the Messenger Services but this is really only one of many regulatory issues that facebook is facing with libra and with its other services in general as well now staying on tech giants french president and model and urged the u. S. To get big tech to pay more taxes now is washington washington under any real pressure to do so well i mean if you look at the United States there is old soul that trend and ther
Association so far facebook and the commission have both declined to comment. Our financial correspondent joins us now from new york and so what sort of answers is facebook actually supposed to provide here. Well i mean one of the main questions really is in this case at least the possibility of competitive behavior and if you look at facebook they have more users than the combined population of china and the u. S. So there is this claim there and then also facebook will probably face questions if there are any plans to somehow connect to some of facebooks Services Like for example or also the Messenger Services but this is really only one of the many regulatory issues that facebook is facing with libra and with the other services in general as well now staying on tech giants french president and model mccraw urged the u. S. To get big tech to pay more taxes now is washington washington under any real pressure to do so well i mean if you look at the United States there is old sold the
Joining me right now is the chief economist for jpmorgan chase, michael faroli. Good to see you, michael. My pleasure. Maria let me get your take in terms of the broad economy, how do you see things . Right. So right now theres a lot of crosscurrents. We do think Second Quarter growth is a little softer than First Quarter growth. The hard data looks okay, right . That alone wouldnt call for a rate cut, but there are some worrying clouds on the horizon. We have seen particularly business surveys that have softened some, so there is some concern that the trade tensions may be contributing to a little bit of caution on the part of businesses particularly with respect to capital spending. Maria mike, do you think were going to see a china deal . I doubt it. [laughter] i mean, look, i think were all guessing here, of course. None of us can read the minds of either leaders of the country, but right now the headlines dont sound particularly encouraging. Some of the issues seem rather intracta