Good afternoon, everyone, and thank you so much for attending our brief the hill event. Im emma morris, the Global Policy director at fozi. Id like to thank kmoonk carden as and his staff for securing the room for us. Briefly by way of background for those who arent familiar with the family Online Safety institute, were a Nonprofit Organization working to make the online world safer for kids and their families. Were pleased to host this panel today to discuss one of the most important issues facing families, kids privacy on the internet. In the united states, the collection and processing of childrens data has primarily been regulated by the childrens Online Privacy protection act and its corresponding rule for over 20 years. This law long preceded facebook, snapchat, youtube and hello barbie. We have seen numerous legislative proposals including from senator markey to change the way childrens legislation is regulated. At the beginning of the summer the federal trade Commission Publish
Arrows across the board. Nothing by more than a percentage point the dax is up just over a 10th a percentage point not surprising anyone with any expectations more rate cuts could come if the economy slows. 10year yielding 2. 237 . I saw there were three dissents they failed to point out one of them wanted to go 50 the future Federal Reserve, in raining. Right wanted the cut by 50 basis points a Job Interview right in the general news, they said, the Federal Reserve was doing okay it looks like a great economy but there are things to consider beyond the globe i thought that was his best perfo performance yet. Maybe not what you were hoping for and ending up on the day, you were effective am i here over there. Smile for the camera okay. New reports about how was that was that fake . New reports about at t plans for direct tv. Stock moving a little bit. Reporting the giant is considering options including spinoff. Fake news is it fake . I have taken calls on this. This is fake news. I sh
And s p plummeting 1. 22 and nasdaq nosediving 1. 20 . I know they are bad but it was worse at one point, everybody in wall street is searching for Companies Strong enough to tran send the day to day havoc and there is a lot of havoc to tran send we opened on fears the Chinese Government might need to crackdown and send in the army, the poa, the coolest situation down then buyers stepped in to take advantage of the pull back after all, so far china hasnt done anything serious and nothing but a negative note by Goldman Sachs about a possible slowdown and the economy then those buyers who came in got blasted. Next thing you know, bonds are taking off again and Interest Rates are falling hard and we get hit with an all too familiar freakout everyone is worried there must be something very wrong in the Global Economy if rates keep falling. Doesnt matter if it spurs commerce supporting a 1. 64 yield and going down so much in yield. So quickly it is pretty incredible, isnt it wow. Why do inv
Weekend for labor day. Road map, it starts with some optimism on the trade war front. Same thing we were saying yesterday. Stocks rising amid cooling rhetoric but here come tariffs. A new set, theyre going to be hitting chinese imports and will kick in this weekend. Keeping an eye corporate earnings, plenty this morning. Campbell soup, ulta, dow, workday. Shares rallying, this on news that 16 models will be exempt from the china import tax. All three major indices in the red for the month. And the nasdaq is the biggest decliner still down more than 2 , this might despite what has been a last rally the last few days well see how we end the month. It has been a round trip, actually, from last thursday to yesterday on the s p 500 you recouped all that was lost on that friday, a surprise escalation in trade war fears. Todays open at the s p level that were seeing right now, it would take you back three weeks. Basically august 8th, most of the losses of august, it is kind of partly, i think
It is 2 30 in the morning. Now on bbc news the week in parliament. Hello there and welcome to the week in parliament, where Boris Johnson and jeremy hunt emerge as the conservative leadership contenders. Not only is the member racist he is stocking division and has a record of dishonesty. Order, questions to the Prime Minister. We take a look atjohn bercows decade as commons speaker. Ina great in a great many respects, john bercow is different to his predecessor, certainly of the past two centuries. And is it time to relabel veggie burgers and sausages because their names are misleading . So instead of saying mock bacon, youd be saying a wheat gluten shaped smoky paprika flavoured lump thats sliced thinly . But first the final phase of the fight to be our next Prime Minister is under way. Conservative mps have put forward borisjohnson and jeremy hunt as the candidates to face party members. Theyll now take part in a series of hustings with the winner announced in mid july. Borisjohnson