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[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 ....
Free cspan radio app. Earlier today facebooks david marcus testified before the Senate Banking committee to address concerns over the companys proposed Digital Currency. This is 2 hours and 20 minutes. This 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 to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks a ....
Free cspan radio app. Earlier today facebooks david marcus testified before the Senate Banking committee to address concerns over the companys proposed Digital Currency. This is 2 hours and 20 minutes. This 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 to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks a ....
Good evening the top stories this hour. Bloomberg learns the u. S. Is set to limit its scope. U. S. Stocks slip on worries about the economy and financial system. Moodys downgrades 10 smaller lenders. They did finish off session lows, the s p 500 lost more than 1 at one point and it recouped half of the losses. We had a haven demand not to mention moves despite the fact we are bracing for the 100 billion wave of options but have to be digested this week. Take a look at crude prices down. 2 after gaining ground in the new york session. We heard from the ukrainian president talking about retaliation and russia continues to block the reports. Its all about the after our session. Look at the bank because we are looking at huge losses. That overshadowed better than expected outlook for earnings that had seen the stock rally earlier on. Supply Chain Disruption said ease, but they expect heavy losses to continue as a boost production a ....
Market has been elected. If we do in fact get meaningful tax reform, how much higher can stocks run pete quite a bit higher. I dont think its priced in at all. Everybody has been looking at this thing for a long time, saying the tax reform, all these various things, i dont think any of them are in there because i dont think anybody believes well be able to get there if we do, holy smokes, thats a great catalyst i look at these financials, the way we exploded to the upside. The rates werent doing anything special but look at citi, jpmorgan, goldman sachs, theyre breaking out i expect to see the xlf at 30. It did hit a nice level on the tenyear yield today it didnt do a whole lot. Were not at the two six level like we were the explosiveness of the facts, which has been record earnings and revenues, thats what people care about yeah, no, i 100 agree. First of all, i dont think anything is priced in for tax reform it could add 7 to 10 of earnings to the s p 500. As far as if things go thro ....