[gavel] this meeting will come to order. 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 shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of information on individuals or group of individuals for credit or insurance or housing i appreciate facebooks response last week. Shortly after the letter was sent facebook formally announced its intention to launch the Payment System libra and issued a white paper providing information on the project. Since then us and Global Regulators have taken notice including the Federal Reserve, reserve, Uk Financial Conduct Authority and a stability board, g7 and others for the last week during the Fede
Coming in better than estimated at 18 billion, adjusted earnings coming in at a beat as well. To thears adjusted high, crushing estimates. That stock is up now by 7 10 of 1 . Going to be interesting to see the commentary on the call as well. Guy we were watching david we were watching ups particularly because they are sensitive to Global Growth and trade flows. The fact they did so well is really encouraging. Ceo atspeak with the ups the noon hour on balance of power. We have General Dynamics out with earnings, which i have to get up. Yeah, let me see. I can say that glasgow is out, and they raised estimates. David General Dynamics earning per share, 2. 77. Theres a nice beat there. Revenue was 9. 6 billion compared to 9. 3 billion estimate. This is a continuation of what we are seeing in some of the Defense Sector stocks. The Government Spending a lot of money. Northrop grumman out earlier, and the stock seems to be doing well on its earnings. It is up about three quarters of 1 in pre
Breeze. Today is one of the three hottest days in the forecast. Mid 50s to 60s, 80s to mid 90s, even a few triple digits possible near brent wood. Looking at the bay bridge toll plaza. Car pool lanes are open as we can see. A lot of folks taking advantage of that. Cash lanes stacked up on either side. Fast track lanes moving through without any issues. We should have the metering lights flipped on closer to 5 20. Nice and light with no major blocking problems. Westbound 580 tracy to dublin now in the yellow at 40 minutes. Westbound 4 antioch to concord in the green. We are just minutes away from Robert Mueller beginning his highly anticipated testimony before congress. Lets take a live look at capitol hill. Democrats are hoping mueller will reveal whether he would have charged President Trump with a crime if it werent for the Justice Department rule against prosecuting a sitting president. Both parties have been preparing for this testimony with mock hearings. Sources tell abc news the
Clear skies. When we get the clear skies with a little marine layer, those are usually the days in july when we will see numbers. San francisco is going to 70. It is a gift for most locations. Look at the numbers across the rest of the bay. Ninety six for inland spot today. And that is going to turn in two 100 for the weekend. And that is what i wanted to talk to you about coming up in the complete forecast. So far the drive looks good. We do not have very many problems spot. If you need to text take the extra time, do it. I will allow it. In the meantime, the san mateo bridge looks less busy than it did 15 minutes ago. You are good to go in the westbound direction. You have some company but the roadway is not too crowded. East bay is not two to. Off to the Richmond San Rafael bridge there are a few flashing lights or construction is still in place until about now. They should be in the process of clearing up at the lanes. Most of the east and westbound direction. It is early for the c
A limited selection of big pharma drug libraries and now have a portfolio of 15 promising new drugs in various stages of trial for several neglected diseases but now its a particularly important time for them to see Charlie Mowbray head of Drug Discovery is the architect of the all new n t d Drug Discovery booster a project designed to access and speed up new therapies for color well its a great time to visit is an email on just about the center for the worlds leading pharmaceutical companies ok so actors america. Qaeda quickly you can see here theres a chemical structure or some information here of different ways of depicting the structure or its activity against the parasite also it was to kill t. Crazy that causation i guess so this compound will kill the parasites that cause disease and leishmaniasis really we would have screened 100000 compounds maybe to find this one really precious the parasites are really difficult to kill a proper. These are this is still quite a long way away