Employees globally over the next five years, and why the company is setting such an ambitious target in the middle of a media firestorm. But first to our top story. Facebooks plans to create its own cryptocurrency, libra, is not getting love from lawmakers. And you can add fed chair Jerome Powell to the list. Take a listen to what he told the House Financial Services committee on wednesday. While the project sponsors Public Benefits including improved Financial Access for consumers, libra raises many serious concerns regarding privacy, money laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed before proceeding. Facebook has a couple billion plus users so you have for the first time the possibility of a very broad adoption. If there were problems there associated with money laundering, terrorist financing, any of the things that we are all focused on, including the company, they would rise to systemically important
Surprisingly high number of dog jobs added in separate temper. The house of representatives does not have a speaker. That election process is expected to start this upcoming week. President biden announced construction of a border wall along the portion of the texas mexico line. Those are some of the stories we followed this week. This morning, we are taking your calls on your top stories. Give us a call. Republicans, 202 7488000. Democrats, 202 7488001. Independents, 202 7488002. You can text us at 202 7488003. Be sure to include your first snake and city, state. You can post to social media, facebook. Com cspan and x. Welcome to washington journal. In addition to those stories i mentioned in the introduction, there is a few more you might be following. Those are former President Trumps trial, new york fraud trial, began this week. Also, the uaw and kaiser permanente, that is set to end this morning. Lets start with the jobs numbers and take a look at what President Biden said about t
Host good morning. It is saturday, october 7. A lot happened in washington this week, including a surprisingly high number of dog jobs added in separate temper. The house of representatives does not have a speaker. That election process is expected to start this upcoming week. President biden announced construction of a border wall along the portion of the texas mexico line. Those are some of the stories we followed this week. This morning, we are taking your calls on your top stories. Give us a call. Republicans, 202 7488000. Democrats, 202 7488001. Independents, 202 7488002. You can text us at 202 7488003. Be sure to include your first snake and city, state. You can post to social media, facebook. Com cspan and x. Welcome to washington journal. In addition to those stories i mentioned in the introduction, there is a few more you might be following. Those are former President Trumps trial, new york fraud trial, began this week. Also, the uaw and kaiser permanente, that is set to end t
Shanghai composite was flat. In european trading, things are barely changed the dax and ftse slightly higher cac down about 0. 1 . Italian stocks down as well, but in spain stocks are slightly higher checking out wti, still above 50 a barrel sitting at 50. 84 a barrel were following a developing story out of Northern California Deadly Wildfires burning unchecked there. Officials say 23 people have died from those fires. More than 3500 structuring have been destroyed leaving hundreds missing in chaotic evacuations firefighters are battling high winds as they try to contain two dozen blazes spanning eight counties yesterday a mandatory evacuation was enforced in sonoma county. Well get an update from Northern California later in the program. I didnt understand why this had been so hectic why people didnt know to leave and confused they were dealing with winds that were above 70 Miles Per Hour on sunday night when you think about that, that means the fire is moving over 70 Miles Per Hour,
Because of some strong gains from unh, Johnson Johnson and Goldman Sachs. We will keep an eye on futures this morning as we continue to get the Earnings Reports ibm today lets look overnight in asia. We have seen japan close higher. Youre looking at a gain of almost 27 points, 21,363 hang seng closed marginally higher the hang hishanghai was up by a quarter. In europe, in some of the early trading, the dax is the leader, up over 0. 6 cac up by a half percent the ftse is up by a third of a percentage point if you look at crude oil prices, you will see at least this morning crude oil prices are up 16 cents 52. 04 for wpi. Brent crude up by 41 cents ibm shares are jumping this morning on better than expected results. The company beat on both the top and bottom lines but ibm still saw its 22nd straight quarter of revenue declines the cfo addressing those declining revenues on the Earnings Call last night as we said at the start of the year, and reiterated again in july, we said we would se