And social change and the impact of racism and economic growth. Its monday, june 15th and youre watching Worldwide Exchange right here on cnbc. Well, good morning, good afternoon, or good evening and welcome from anywhere in the world that you might be watching thank you for starting your week with us here on cnbc if your just joining us or waking up you might want to grab another cup of coffee. Dow futures are off their lows but theyre down 630 points right now. A couple of hours ago, dow futures were down 1,000 points all the indexes indicating a loss at the open again, a 2 drop right at the open now well see how that plays out certainly a lot of red on your screen right now lets move on. Dow futures again down 535 lets also check the etf that tracks the major averages because that is subject to different moves in the futures overall. Right now it looks about the same but we got in earlier and it looked like the possibility of limit down in the futures you want to look at those etf a
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
So no matter how you take it aljazeera will bring you the news and Current Affairs that matter to aljazeera. Hello im sammys a that this is counting the cost of aljazeera the weekly look at the world of business and economics this week germany heading for a recession with angle of merkel put aside their concerns about that and splash the cash this stimulate the economy. The worst wildfires in decades and the rising threat of thats a terrific ation farmers in the amazon fear their livelihoods are under threat. Of dollars in black gold along the way patagonia could help end argentinas economic problems because the country have a plan to satisfy Oil Explorers and environmentalist. Germany is europes engine of growth right now its splattering though and could slip into recession finds itself caught in the middle of the u. S. President s trade war with china thats hurting Global Growth and as one of the worlds leading exporters its one track that cant escape or vats tips german industry whi
To 2 part i was issuance you sort of laying them off the offer than it was issues and thereby they were able to reduce. Rooted out actually more people and i expect that something similar will happen. In an next recession but if so then if the recession be last long there sooner or later that you know youre in unemployment figures or right thanks so much for your faults on that. Well as we move towards 5 g. Mobile technology there are growing concerns that with more devices connected to the internet Cyber Attacks could also increase and nothing exists in isolation you see the world leader in 5 g. Technology is chinas while away which is at the center of that trade war between the United States and china now the u. S. Believes what weighs 5 g. Technology could be used by china to spy on other nations in Sensitive Industries protecting our ability to surf the net to use our mobile phones and apps is 100000000000. 00 u. S. Dollar a year industry its startling that 88 percent of businesses
Their emails were they were able they say to target about 241 of those people but only succeeded in 4 attack 4 accounts being hacked and microsoft says none of those were government officials or the president ial Campaign Still it does send a message that things are different this time around and Tech Companies are sending the message to hackers especially those associated they believe with governments that theyre not going to stay quiet dont do this for Us Democratic president ial hopeful Bernie Sanders so you had a heart attack and here this week sanders seen here leaving a hospital after receiving treatment canceled all Campaign Events off to suffering chest pains on choose day the 78 year old was treated for a blocked artery. Still ahead on aljazeera the highlights from the world athletics championships including a golden night for. I know that pensive clouds and showers across much of indonesia 1st of all borneo weve got to some fairly have to. And then it does tend to care but th