Which he struck a very humble but sort of defensive tone in saying that libra is not intended to be an investment vehicle. Its intended to be a payment vehicle that the crypt okurancy will not be used for monetary policy, and sort of defending this as a way for facebook to provide Economic Opportunity to its users. But of course, he is going to be facing a very hostile environment when he testifies tomorrow, and certainly well see if that same tone is echoed by the treasury secretary when he speaks in just a few minutes. This is most notable because this comes just days after President Trump tweeted specifically about libra as well as cryptocurrencies, that could be construed, Steven Mnuchin is approaching the podium lets go to him right now. Recently, as you know, theres been a great deal of interest about Digital Assets, including cryptocurrency such as bitcoin and libra. There are many regulatory and supervisory questions regarding libra, virtual assets, and virch wal currencies but
Keith bliss. Keith, welcome thank you very much, morgan good to be with you. Mid averages did hit new records this morning but have drifted back down to the flat line, not really moving very much right now are you surprised by that . Not at all. Im a little suppliesed at trpre lack of action it seems theyve hit their own food coma as we wait for earnings to come through we have 300 companies that are going to report next week. We are on fed watch, of course, waiting for the july 31st Rate Decision a bit like waiting and waiting markets are taking a breather right now. Here in the u. S. And elsewhere around the globe, people are starting to go on their holiday so you have lack of participation. Were going to get into all of that a little more. Secretary mnuchins crackdown. Wilfred is covering citi earnings dion is watching the debt ceiling debate lets begin with treasury secretary Steven Mnuchins comments on crypto moments ago eamon javers has that. The rarely used White House Press Bri
10 year. That seems to happen so frequently yet. 1. 9 is the yield youll get for loaning your u. S. Government the money for 10 years. Lets start with the road map and it starts with earnings. Mcdonalds, all out with stocks. Is a google Wireless Phone Service Launching today . A new report on the move that could maybe shake up the industry. How about the turn around . They plan for yahoo japan in the spotlight. The core business were going to talk more about it. Youre not paying much for it. Maybe theres a reason. Lets start with mcdonds as sales continue to slump, the fast food chain expects sales to come in negative for april. Mcdonds release initial details of its turn around plan next month. In the meantime, chipoltes being up 10. 4 were a bit below what the analyst were expecting. Yum brands were down 12 in a very important market for it yes, you can say it with me china. You want to start with mcdonalds . Yeah. Were missing it. The revenues were made. I was shocked. This was not