Also taking comments from top fed president. Trade turmoil, white house economic adviser larry kudlow signaling new in person trade talks with china and ecommerce on alert a new porch pirate threat that could have Online Shoppers running to protect their picnic baskets. Its friday, august 23rd and Worldwide Exchange begins right now. He faces one of the most divided Central Banks we have seen in ten years. Those comments are due out at 10 00 a. M. And well take you there live on cnbc those comments will be the ones traders pay the most attention to today now the stock futures indicating a higher open. The bond market always a focus right now and the ten year note yield below 1. 65 and the two year note yield 1. 64 . Checking that spread, as you can see here were moving and were pretty much flat at this stage watching that level here, its not inverted but its goingbac and forth between positive and negative well keep an eye on that. Lets go worldwide in the asian trade, to close out the
It slightly lower and above seven again. Guy italian btps firmly in focus. A big selloff in italian bonds. The british pound also under pressure. When do we go through 1. 20 . Vonnie lets take a look at the week that was through the numbers. The numbers that have moved the markets most this week is seven. Chinas daily currency fixing became a closely watched event. Monday triggered the biggest loss in the yuan since 2015, and a tumultuous week in markets as well. The episode leading to the u. S. Labeling china a currency manipulator, the latest escalation in the trade war that sent investors rushing once more toward haven assets. 15 trillion is the world stockpile of negative yielding bonds. , gold futurese hit a sixyear high wednesday. The precious metal has been one of the chief beneficiaries in the trade dispute between washington and beijing. To unpack all of the reaction, we are joined from st. Petersburg, florida by james , with about 10 billion under management. James, what was
Good morning, the subcommittee will come to order without objection the chairs authorized to declare a recess of the subcommittee at any time. This hearing is entitled examining jewels role in the nicotine epidemic part one. I recognize myself for five minutes to give an opening statement. After years of steady decline, use, nicotine use has suddenly reversed course, seemingly overnight. Between 2017 and 2018, a youth ecigarette use also known as vaping, rose 78 in one year to the point where over 20 of High School Students now vape. The lingering question is why and what was the role of jewel, the countrys dominant maker of ecigarettes with almost 80 of ecigarette market share in the dramatic rise in vaping . The panel assembled today will help us address these questions and frame our discussion for part two of this hearing here tomorrow at 2 p. M. When jewel founder will testify. Today we will examine what exactly about jewels advising and marketing makes it irresistible to kids . Th
Recess of the subcommittee at any time. This hearing is entitled in examining jewels role in youth epidemic. I recognized was over five minutes to give an opening statement. After users of steady decline, youth nicotine use has suddenly reversed course. Seemingly overnight. Between 2017 and 2018, youth ecigarette use also known as vaping, rose 78 percent in one year to the. Where over 20 percent of High School Students now they. The lingering question is why. And what was the role of joule, the countrys dominant maker of ecigarettes with almost 80 percent of market share in the dramatic rise in vaping. The panel assembled today will help us address these questions and frame our discussion for part two of this hearing here tomorrow at 2 00 p. M. When joule founder james pensees, will testify. Today we will what exactly about joule advertising and marketing make it irresistible tickets. Doctor robert jack clark, the preeminent tobacco advertising scholar in the country. He will help us a
[inaudible conversations] the hearing 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 Federal