Barrier. Softbank is said to be planning deep cuts at the vision fund which could affect 10 global staff, souring bets on tech are takingke their toll. Haidi a mixed start to a politically driven status when it comes to the markets today as we get that precedent being set with that security bill as well as greater considerations over what kind of reopening and second wave issues we are seeing across the rest of the regions. We are seeing new zealand markets starting off the day with tepid gains. The session looks a little bit more muted for the rest of asia. We are seeing japanese futures as well as Australian Futures pointed a little bit higher. Those in hong kong seeing retreats. The npc is being i to be passing the Hong Kong Security eyed to be passing that Hong Kong Security bill. The u. S. Sees 100,000 deaths. We are watching the oil story, seeing whether this pause in the rally will continue given concerns about renewed production out of the likes of russia. Shery to our top stor
At any time and without objections, members not on the task force are allowed to participate consistent with the committees practice. And this is entitled robots and ai and the impact of Artificial Intelligence on the Financial Service industry. Thank you all for joining us for what is an interesting hearing of the task force. Today, we are looking at exploring how a. I. Is being deployed in the Capital Markets from automated trading to port follow allocation to Investment Management decisions. We are also going to consider how the use of this technology is changing the nature of work in Financial Services and rendering some jobs obsolete, and changing the skillset needed to service others. It is not an exaggeration today to say that wall street is quite literally run by computers and long gone are the days when the traders would be screaming on the floors of the new york stock exchange, and they would use t. I. Calculators and pour over the ticker tape to determine the companys value.
Next, financial analysts review the impact of Artificial Intelligence on Capital Markets. House Financial Services subcommittee examined ais impact on minorities. Cyber security measures, encouraging more young people to Study Technology and how the us can remainglobally competitive. The task force will come to order. Without objection the chair is authorized todeclare a recess at any time without objection. Members of the full committee not on this task force are authorized to participate in todays hearing. This hearing is entitled robust onwall street, the impact of ai on Capital Markets and jobs and the Financial Services industry. The chair will now recognize himself or five minutes or an Opening Statement area thank you all for joining us today for what should be avery interesting hearing of this task force. Today were looking at exploring how ai is being deployed at Capital Markets from automated trading to Portfolio Allocation to Investment Management decisions. Were going to co
Similar issues. It is bloomberg daybreak europe. A warm welcome to the show. Five days of misery on the pound seem to have come to an end. We have given down given back the boris bounce. It will be a jagged path. 1. 38, squeeze out to about 1. 40 by the end of 2020. He does not see political brakeman ship ending anytime soon. 500, irrational exuberance for 2020. Thats what we need to ask ourselves on the s p 500. Consumer spending is strong. Newhome sales, you saw the best three months since 2007. I always get very nervous when people refer back to 2007 and 2008. Catherine man has a warning from citi. China is stepping up measures to support the economy in 2020. It is a multi prong policy drive. Tariff cuts on goods will be delivered and it is supporting the domestic consumption. Selina wang with me from beijing. Good to see you. A little bit more on this. Give me the details. We are getting sort of a blitz of news around some policy measures that china is looking to take to bolster th
The task force will now come to order. Without objection, the chairs authorized to declare a recess at any time without objection members of the full committee are authorized to participate in todays hearing consistent with the committees practice. This hearing is entitled robots on wall street, the impact of ai on jobs in the Financial Services industry. The chair will recognize himself for five minutes for an opening statement. Thank you all for joining us today for what should be a having interesting hearing of this task force. Were looking at exploring how ai is being deployed in Capital Markets from automated trading to Investment Management decisions. Were going to consider how the use of this technology is changing the nature of work in Financial Services, rendering some jobs obsolete and changing the skill sets needed to excel in others. It would not be much of an exaggeration today to say that wall street is run by computers. I actually hear about those days from the limo driv