Marks 30 years since the fall of the berlin wall we look at how my life changed the towns along the form of quarter. What prompted you to be a business i want to johnsonville im glad to have you with us german engineering conglomerate siemens reported a rise in its 4th quarter profit and revenue beating analyst expectations the company said it achieved its 4 year targets for fiscal 29000 despite headwinds from a cooling economy siemens is in the midst of a restructuring process that aims to make the group fit for the future. Siemens chief executive joe kayser has big plans with his vision 2020 plus strategy he wants to make the industrial giant ready for future challenges hes going to do this by splitting it into 3 major units Health Logistics and digitalisation as far as hes concerned the era of large corporations is over britons are him their names concerned. With our corporate concept barking on the biggest transformation in the companys 172 year history this is a significant even o
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to ord order. [inaudible conversations] [inaudible conversations] [inaudible conversations] without objection the chair is authorized to declare recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today we are here to examine the act of facebook on the Financial Services and housing sectors. Our sole witnesses the facebook chairman and ceo, Mark Zuckerberg. Facebooks plan to create a Digital Currency, libra, and a digital wallet raised many concerns relating to privacy, trading risks, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy and the stability of the Global Financial system i and other democrats have called for a moratorium on facebooks
[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from colorado is recognized for five minutes. The other coloradan. Thank you for repeating today. Thanks for your testimony today. I just want to lock one thing down where i i heard to make answers from your earlier. Ms. Maloney was kind of going through a list of regulators, and wanted to know if you would wait for their approval, and she went to a whole laundry list of them and your answer was, for the parts that apply yes, yes,e going to go and seek their approval. Her used the word seek their approval. Other times you said we will get their approval. So just from facebooks standpoint, are you willing to seek the approval or are you going to wait for the approval before anything is launched . Congressman, it is the latter. Thank you for the opportunity to clarify that. We are not going to launch anything until we get the approval. I also, if its okay, want to
Marketmoving news from all around the world. From beijing to london to istanbul and washington. Our bloomberg voices are on the ground with this mornings top stories. Worry going to start now in the middle east. Syria sending Government Troops to the north after u. S. Withdrew forces in the area. Mr. Erdogan is down playing the threat of an escalation. Whats happening in Northern Syria, whats the risk of a clash here . Reporter were hearing that Syrian Forces are teaming up with the kurdish rebels after the u. S. Allies abandoned them. And now theyre moving towards the Northern Syria where Turkish Military operation is taking place. However, turkish president has down played the risk of syrian and Turkish Forces clashing. Saying that the russians are mediating between the two nations. And weve just heard from the Turkish Defense minister. He says y. P. G. Kurdish militants have emptied a prison for isis suspects who then fleed. Now of course this is a very Troubling Development because
Ceo of bp dudley to retire hong kongs leader evokes Emergency Matters as she battles to contain ongoing unrest. This morning, i call a meeting. The chief council decided to evoke the emergency ordnance to the prohibition of Face Covering this will come into Effect Tomorrow a warm welcome to street signs. Lets look where things stand on the final day of trade it has been a volatile day of trading. Up a third a percent and follows a choppy day yesterday for markets worldwide. Global markets being supported by mounting expectations by another fed rate cut at their meeting later this month to put this move into context. Yesterday, the nonmanufacturing ism number initially dropped lower and price in another fed rate cut that is continuing today in europe we are seeing gains widespread ftse 100 higher at 0. 4 . The dax reopens today. Factoring in the impact of the wto ruling and u. S. Tariffs to come into effect lagging the Broader Market overall green across the board diving into the sector