will come to order, without objection, the chair is authorized to declare recess at any time. members not on this task force are authorized to participate in today s hearing. this hearing is entitled buy now, pay more later? investigating risks and benefits of bnpl and other emerging products. i ll introduce myself, giving an opening statement. in the last excuse me, over the last few years emerging tech liquidity products have garnered attention for both explosive growth among merchants and popularity among consumers and risks, products such as buy now pay later, earn wage access and draft avoidance, designed to help consumers manage cash flow at lower costs than traditional alternatives. a recent study by mckinzie that buy now pay later fim teches have determined $8 billion in revenue from traditional banks. it is difficult to shop online without seeing buy now pay later option. early pay has become popular benefit of employers and employees however these products als
we will come to order. without objection the chair is authorized to declare a recess at any time. without objection members not on this task force are authorized to participate in today s hearing. entitled buy now, pay more later? investigating risk and benefits of bnpl and other fin tech cash flow products. i will recognize myself for four minutes to give an opening statement. in the last few years the number of emergency excuse me, another emerging fin tech liquidity products have garnered increased attention for both their explosive growth among merchants and their popularity among consumers as well as the potential consumer potential risks. products such as buy now pay later earned wage access and overdraft avoidance are designed to help consumers manage their cash flow at lower costs than many traditional alternatives. our recent study reports that buy now pay later fin techs have diverted between $8 billion to $10 billion revenue from traditional banks. indeed, it is
to keep track of it and just sheer points, the dow up about 1,100 points and 2,000 points this year and they re saying you know what, this may not stop and the climb to 20,000 may not be that far away. this is what he told matt lauer this morning. well, i never have been a big person for the stock market frankly. over the years i have bought stock, and i bought them when they were low and saw what was going on with the interest rates being low. it seemed like it was easy to predict what was happening. why did you sell the holdings in june? because i felt that i was going to be winning. i thought that i would have a really conflict of interest and owning these destinations. why not announce this in june when you were under fire for a lack of transparency? i let everybody know. i let everybody know. now, to be fair donald trump told people that they were leery and it goes further than that when he last appeared on this show to do just that and the wild markets. now
has set all the financial rates that they are in fact going to go up. it has been a rather diverse performance among other financials. they make money both ways on the loans they have on the books and what they make on the money that they have invested in a close in securities and not spread good that it s all good news to them. and then there is this notion how i miss them higher rent the federal reserve is hiking rates, what that says about the economy. usually a good day. things are picking up steam. having said that, it is tough for a candidate to take higher interest rates trying to land themselves in the white house. we will see how that goes. we re also following very closely what seems to be business groups, normally very friendly to republicans or low to donald trump did not across the board. an interesting survey to elaborate on a little bit later a two to one margin various business introduces the agents representing $3.5 trillion in sales, overwhelmingly prefer hi
left with here at noon time i expect and based on what i m seeing lingering clouds across massachusetts and drizzle here and growing more confident we will still have drizzle in the picture and noon time today but then during the eastern massachusetts to spread way eastward and end up with partial sun later today. 68 to 74 and morning rain especially along the coast and cape where we are still in the thick of it. i do have that second batch of showers though developing later tonight and i m going to give you details on that coming up and with the rain, fog in place, let s check this with you with live drive time traffic. such an ugly start to the day. you re right, shiri spear, seen all of these accidents all over town because of what i can anticipate the weather. 128 southbound new accident this is right at highland avenue. pike is slow through framingham and average speeds 8 miles per hour and take a look at live through that fog right now in brighton and live drive times