Package may not be needed. Dow industrials down 76, s p down 4 points and nasdaq lower by 2 and a half this after roller coaster week on wall street where we saw dow industrials go back to bull market territory posting largest weekly gain since 1938. Dow, nasdaq, s p 500 up better than 9 on the week. We are now off of the lows at 20. 54 a barrel, down 97 cents, 4 lower. Cases of coronavirus are rising across the country, death toll topping 1,000 in new york. Mayor de blasio says people who do not practice social distancing in the city can face fines up to 500dollars. A Million Dollars raised fox last night including fox business. More Companies Help to go fight the war on coronavirus. Manufacturing, medical supplies to free flight to healthcare workers. Mornings with maria is live right now. Maria lets check Global Markets this morning as u. S. Searches for direction. We have weakness across europe, cac quarant down 41 and dax index in germany lower by 32 points. European leaders conti
[inaudible conversations] the hearing will come to order. Today we will receive testimony from david marcus head of libra at facebook. On may 9 senator brown and i sent a letter shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of information on individuals or group of individuals for credit or insurance or housing i appreciate facebooks response last week. Shortly after the letter was sent facebook formally announced its intention to launch the Payment System libra and issued a white paper providing information on the project. Since then us and Global Regulators have taken notice including the Federal Reserve, reserve, Uk Financial Conduct Authority and a stability board, g7 and others for the last week during the Federal
[gavel] this meeting will come to order. Will come to order. Today we will receive testimony from david marcus head of libra at facebook. On may 9 senator brown and i sent a letter shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of information on individuals or group of individuals for credit or insurance or housing i appreciate facebooks response last week. Shortly after the letter was sent facebook formally announced its intention to launch the Payment System libra and issued a white paper providing information on the project. Since then us and Global Regulators have taken notice including the Federal Reserve, reserve, Uk Financial Conduct Authority and a stability board, g7 and others for the last week during the Fede
Proposali think the has huge potential, and i think the challenges for the transaction of the exchange for services and so forth, today, still has lots of obstacles to be overcome, including that of security and privacy. Nonetheless, we look forward to observing and participating in this because i really do think it is the wave of the future. As senator tillis said, we are either going to be responding to it or actively involved and running from it. Thank you. Senator cortez . Senator thank you very much. We appreciate you being here and answering the questions. This is obviously very innovative for all of us and exciting. Have a couple of questions if you thought through some concerns many of us have. One for me is something i dealt with in nevada as the attorney generals the issue of Money Laundering. I know there is clear Regulatory Oversight we have now to address Money Laundering that comes in so many forms, but one is terrorist financing that moneylaundering supports. How will th
Free cspan radio app. Earlier today facebooks david marcus testified before the Senate Banking committee to address concerns over the companys proposed Digital Currency. This is 2 hours and 20 minutes. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks access to and use of information on individuals or groups of individuals in credit, insure, employment or housing. I appreciate facebooks response last week. Shortly after the letter was sent, facebook formally announce ds its intention to launch the Payment System libra and issued a white pape