Back over to you thats going to be a topic of more importance as we get through the back half of the year ylan, thank you. A move to crypto now, especially facebooks libra. The president took to twitter to say hes not a fan of bitcoin or other cryptocurrencies adding, quote, facebooks will have little standing or credibility. Libra a major topic on capitol hill during the fed chairs testimony. Take a listen. We agree that libra raises a lot of serious concerns. And those would include around privacy, money laundering, consumer protection, financial stability, and those are going to need to be thoroughly and publicly assessed and evaluated before this proceeds now weve got mark cuban sitting down with deirdre last night, saying that facebook is out over its skis. Im not a big fan of what theyre doing there. I think its a big mistake not so much because of what will happen here in the United States, but what will happen globally theres going to be some despot in some african country that
Now. Today, friday august 11th, 2023. Breaking news, paradise on fire. At least 55 people dead and mauis police chief saying they do not know how many more are missing. We will talk to a woman who has been in lahaina since the fires began. And theres more breaking news. The hunter biden case, a special counsel has been appointed in the Ongoing Investigation of the president s son. What we know about this new development and what it means for potential charges. Password protection. More platforms announcing they are cracking down on password sharing. Why its getting harder and more expensive to stream your favorite shows. And taming your temper. We ask an expert for the best ways to manage our anger. Plus, does it really matter if you go to bed angry . We begin this hour with breaking news from hawaii. The scope of the devastation from the fires in maui, it is still coming into focus. Here is the latest, we know at least 55 people are dead, hundreds more are believed to be missing. Hawa
The u. N. Says north koreas not only violating International Sanctions but profiting from and is supplying weapons to both syria and me and mom while at the same time the United States announces its beefing up its stocks of Nuclear Weapons we will have details on both stories and how they might intersect also on the grid munching for nationalist on the french on and of course taking their dogs for more freedom to the streets just days before a visit by the french president emanuel much wrong but after a failed bid for secession in spain we wonder are these protesters setting themselves up for disappointment and the bigger they are the steeper the down on the cryptocurrency rollercoaster bitcoin is sinking in value as governments try to tighten controls on digital money but were looking past the headlines because there is almost no doubt that these crypto currency will be a part of our everyday lives event. And im only a hardened southern cameroon joins a long list of regions pushing fo
Joint session of congress all the more interesting for investors who will be looking for more clarity. Jon, youre the one who suggested if we dont get that clarity, a correction could be in the cards. Yeah. If he stumbled and didnt give us basicalically what the marke wants we all know the market, us collectively, we can act like bad children and when that happens of course the markets generally react negatively. I dont think thats going to happen. I think hes going to hit repatriation hard. Ive got an example for you. You take a look at some of the activity in the derivatives contracts. The options. These companies folks have the most money overseas. Microsoft, g. E. , a 8, pfizer, ibm. We have unusual activity in virtual lit every one of those over the last week. What does that tell me . Tells me that people are betting on upside after the talk on repatriation tonight and that 2 1 2 or more trillion dollars that could be pouring back into the country. Do you think, josh, the ramally
It includes diane hendrix. The chairwoman and owner of abc supply. Darlene jordan. Executive director of the j r jordan family. Betsy mccoy. Former new york lieutenant governor. Brook rollins, president and c. E. O. Of texas Public Policy foundation. There has been no claim of responsibility following twin bombings in thailand leaving one person dead and 20 others injured. The explosions occurred in a popular seaside resort. Global news, 24 hours a day powered by our 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Loomberg west is next. Emily this is bloomberg west. Coming up, a millennium milestone. In the market, all three major u. S. Indices closing at record highs. This is the first time this century. We will break down the historic day. Diversification at alibaba is starting to pay off. We will hear from the companys cofounder about its push into cloud and media streaming. And a new connection unveiled between dnc hacks and those ta