That could spark an ugly storm for investors in chinese stocks. Just back from asia, undersecretary of state for economic growth, keith crock, is here live to react. He will reveal the new weapon our government is using to counter chinas fastgrowing technological might. The deadliest day of the coronavirus pandemic, now at this hour has los angeles going into full lockdown mode. We are on the ground in l. A. As businesses shutter in realtime. From College Dropout to ceo, the youngest selfmade billionaire in the world with us live on the day his tech company goes public. Discussing the risks he took that triggered his laserlike rise to the top. First, we begin with a fox business alert. The tweet heard round the stock market with billions in Coronavirus Relief at stake. House speaker Nancy Pelosis deputy chief of staff just put out this tweet in the last hour and a half that used covid relief and as soon as possible in the same sentence. The tweet confirmed that the speaker and Senate L
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to ord order. [inaudible conversations] [inaudible conversations] [inaudible conversations] without objection the chair is authorized to declare recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today we are here to examine the act of facebook on the Financial Services and housing sectors. Our sole witnesses the facebook chairman and ceo, Mark Zuckerberg. Facebooks plan to create a Digital Currency, libra, and a digital wallet raised many concerns relating to privacy, trading risks, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy and the stability of the Global Financial system i and other democrats have called for a moratorium on facebooks
[inaudible conversations] [inaudible conversations] is recognized for five minutes. Thank you. Mr. Zuckerberg, thank you for being here today and i want to thank the chairwoman for having this hearing. Youve said a lot of things today that couldnt have been said during the last hearing. Your responses to questions has been very district and very helpful. Thank you for that and thank you very much for being here. I just had a few quick questions about the Libra Association. On the website, one of the benefits before mr. Marcus appeared before our committee was that those contributing, who joined the association, could derive dividends from libra investment tokens and thats since been taken off. Could you elaborate on that . Sure, congressman, i think that there had been an idea that in order to encourage marketing of the payment service, that there might be some investment that other companies could make into this and some return that they could make, but i think that that idea has eith
The middle east, in the midst of these ancient sectarian and tribal conflicts. After all of the blood and treasure america has poured into the deserts of the middle east, i am committed to pursuing a different course, one that leads to victory for america. Through much work, we have done things that everybody said couldnt be done. Todays announcement validates our course of action with turkey that only a couple of weeks ago was scorned and now people are saying, wow, what a great outcome, congratulations. Its too early to me to be congratulated. But weve done a good job. We saved a lot of lives. Most importantly, we have avoided another costly military intervention that could have led to disastrous consequences, many thousands of people could have been killed. The last administration said assad must go. They could have easily produced that outcome, but they didnt. In fact they drew a very powerful red line in the sand, you all remember, the red line in the sand, when children were gass
That have led the bull market are once again at risk amazon is up, netflix 12, alphabet 11, things gotten out of hand on the way up . I dont think so. As long as the market continues to move higher, which i think it will, al bet it in guarded circumstances, not like we have seen before, they will continue to lead, because the fundamental stories have not been derailed i bought some expedia today. That story has been derailed down from 160 to 105, but when you talk about the others, theres volatility in the market causing them tosell off. Under the fundamentals change, and we saw a bit of that at least in perception with facebook, but thats recovered, too. Youre not going to see these selloff. How strong some of these have snapped back if you thought netflix and nvidia were valued, and in the meantime they have gone up multiples themselves maybe that framework doesnt work on every i think big picture, you have to look this week as very constructive, given the huge rally back. If we go o