Good morning. Welcome to the subcommittee on communication and technologies. Well, good morning, everyone. And welcome to the subcommittee on communication and technologies hearing on accountability and oversight of the federal communications commission. I am glad to welcome our witnesses back before the subcommittee. I know it has been serve months since we had you before us and i know that you have all missed the warm welcoming atmosphere of our hearing room. But despite that passage of time, many issues that were of concern to us then still remain unresolved today. For example, i asked about the investigation into phone carriers selling the realtime location of nearly every american. Mr. Chairman, you told me that even after more than a year had passed, we still couldnt tell whether this practice had stopped. Couldnt say whether the impacted individuals had been notified. Couldnt tell us if members of congress and Law Enforcement had their locations sold or tracked. In june of this
Of ubs investment banking. Kaiser of ubs investment bank. Anything stood out to you so far . This is pretty much as expected. The key is to emphasize there is uncertainty, even though we have the emphatic conservative victory in the election, and we know that brexit is going to happen. Theres still uncertainty about what kind of brexit, and short for the bank of england, we dont know what the fiscal policies of this government will be. There is a little bit of stimulus built into their servitors manifesto which was not taken into account in the current bank of england forecast , but they have room to do a great deal more. If you have a budget in the next months from the conservatives which primes the me, has a lot of stem it economy, that has changes the outlook. Those seven who voted against change probably had that in mind. Alix are you trading cable at all . Stuart todays decision is pretty much in line with expectations. I think the view is the first half of the year you get the or
Crowded. The early presumptive choice for many, former Vice President joe biden, has seen his poll numbers slip. His campaign has been dogged by gaffes and lackluster debate performances, plus he continues to deal with questions about his involvement with you yard line. Ukraine. Senator Elizabeth Warren is facing real resistance especially from the democratic establishment over her plans more fullty trillion multitrillion dollar social programs. Senator Bernie Sanders too is plagued by worries about his europeanlike socialist proposals. And with south bend mayor Pete Buttigieg has made inroads especially in iowa, he remains in fourth place. Just last week former new york mayor Mike Bloomberg filed to be on the ballot in alabama and later addedded arkansas saying hes concerned a fading biden will mean the democrats will end up with someone far too liberal. And this week Deval Patrick announced that he was throwing his hat in the wing. He fears the current candidates wont be able to beat
Another record for alibaba on its 11th annual singles day as Worldwide Exchange begins right now. Nothing like a little guns n roses on a monday morning. Im dominic chu. Happy veterans day to all those who are serving and have served our great country. Heres how your money and the Global Markets setting up. The dow will open down today by just around 120 points at this stage. The s p off by about 12 and the nasdaq off by 42, as well. Taking a bit of a pause from the record runs. Stocks are coming off their third positive week in a row and the eighth record close of the year the bond market is closed for veterans day and that holiday banks, as well lets go now worldwide in the early trade for europe we are seeing the negativety carry over there the german dax off by 0. 3. Now, in asia red across the board as unrest in Hong Kong Hit a new level overnight. Cnbc own emily has the latest. Hong kong as weekend unrest rolls into the citywide protests on monday. Drops close to 3 with benchmark
We are live on the ground. Matt welcome to bloomberg daybreak europe. We are looking at possibly the end of a global drop in equities. If you take a look at ftse futures, for example, they are still being sold. The open now slated to selloff across europe. However, the u. S. Futures dont look quite as bad. A big selloff we saw yesterday. The pound had rallied on hopes that the eu was considering helping Boris Johnson by limiting the time the backstop is in place. The pound fell. Right now we are at 12283 against the dollar is no deal brexit is back on the table in a substantial way. You see yields now rising as investors are selling debt. They did buy it yesterday on concern about the manufacturing numbers that disappointed the market. Thosere now selling treasuries and pushing the yield up to 1. 66 . Speaking of manufacturing, the u. S. Economy is losing speed. Economists are wondering how slow it can go without dipping into a recession. Growth below 2 would have almost guaranteed a c