[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
[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
Big tech earnings. First, stocks struggling to stay above the flat line the s p 500 up 0. 2 . Weighed down by banks and other older economy areas. The nasdaq outperforming up 0. 9 right now. Relief rally in amazon after some relatively reassuring results from the company last night. Tech also finally getting a bid after its been down more than 2 for the nasdaq this week its a painful week if youre in tech, even though fundamentally the big tech earnings havent been bad. It was a little reveal of how crowded the stocks had gotten and, perhaps, how much faith had been placed in them that they were going to be able to blow away numbers meta getting a little bit of a bid today, too its a little bit of a rethink of the immediate selloff in stocks like alphabet and meta that didnt necessarily seem to match up with the numbers. Checking on rates the tenyear note yield a little higher but still below 4. 9 and below the 5 level we reached on monday its been a busy week for Economic Data that gd
Is it managing the automobile with 6. We are definitely against this, but for the entire government to come out of this area, it is against principle 44 in principle. 44 automobile manufacturers are considered part of group two, up to 20 of the sectors shares government and institutions can have the right, but they do not have the right to interfere in the management. The general manager of farabours said that in the last 6 years, 11 initial operations have been carried out in the Iranian Foreign exchange market. According to mr. Shirazi , it is expected that the same number of shares will be offered in the second half of the year. From the beginning of the year until now, when we had 11 initial widths in the otc and 5 transfers from the basic market to the first and second markets, we had a total of 16 symbol openings in our acceptance markets. I hope the same number will happen in the second half of the year. The chairman of the Jurisprudence Committee of the Stock Exchange organizat
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