Waters the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchin. Today, we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchins leadership, has mapped out point by point and rolling back many of the Critical Reforms demo
Bit despite news of increased inventories. For the global exchange, where we bring you market moving news from around the world. Are bloomberg voices are on the ground with this mornings top stories. Da tart with e curran. Had positive signs since sunday, when the government said they would push through new oversight of ip protection, and they want to punish those who are guilty of ip theft. That was followed by some details in one of the state newspapers that china is also looking at the oversight of any trade agreement with the u. S. In ways of ensuring that any deal isnt limited. Then we had the news yesterday from the Commerce Ministry talking about reaching consensus on core issues. The moonbeams it is been nothing but positive in recent days, matching what is coming out of washington, though we dont yet have any further details on when or if an agreement might be signed. We have your minder did have a reminder on the economy when profit for industrial firms dropped almost 10 from
Kristen nielsen is deputy chief of staff under kelly. The house has passed a 36. 5 billion hurricane aid package. 16 billion will pay for Flood Insurance claims and emergency aid to help her to rico. Florida and texas have requested about 40 billion. The death toll from wildfires raging in california is now 26. Officials expect that to rise. More than 8000 firefighters are battling the blaze is with additional manpower and equipment on the way. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Coming up, Facebooks Sheryl Sandberg goes to washington in pledges full cooperation from the social network. The investigation into election interference and when the public and can expect when do see more than 3000 russian linked ads. Plus my wide ranging exclusive amazons cswith uite. Had to say about improving the Customer Experience with ai. Ch
Starbucks to hear how the company adapts in the age of technology. This week we took Bloomberg Technology to seattle for the geek wire summit. We spent time with the biggest names in the region including amazon, microsoft, and starbucks. Lets kick it off now with my exclusive interview with amazon Vice President of alexa devices. She tells us that they would not rule out partnerships with major rivals like apple and google if it means improving their voice activated technology. I am focused on trying to reduce friction for customers and drive towards what we call our Customer Experience north star. Really the idea there is that alexa is more humanlike. It is more conversational. Weekend shorten the path from where the customer is starting and where they want to be with less and less work on their part. Emily will alexa be responding uhhuhs like in the snl skit . Something like that, yes. Emily when it comes to understanding human language, whether it is an adult talking or a child talk
Voice activated virtual assistant. We will speak with the Vice President of alexa. A wideranging interview with the former ceo of microsoft, Steve Ballmer. And we will hear from the ceo of starbucks to hear how the company adapts in the age of technology. This week we took Bloomberg Technology to seattle for the geek wire summit. We spent time with the biggest names in the region including amazon, microsoft, and starbucks. Lets kick it off now with my exclusive interview with amazon Vice President of alexa devices. She told us that they would not rule out partnerships with major rivals like apple and google if it means improving their voice activated technology. I am focused on trying to reduce friction for customers and drive towards what we call our Customer Experience north star. Really the idea there is that alexa is more humanlike. So, it is conversational. So we can shorten the path from where the customer is starting and where they want to be with less and less work on their par