the sec is also investigating events surrounding personal information from facebook. the office of attorney general the micek into authorization of facebook users and a mellow address is. and it isallegations one after another, after another. i don't trust you guys. instead of cleaning up your house, you are launching into another business model with calibra, and you have got documents that talk about your privacy commitment from calibra. and that privacy commitment, you say that you will not be sharing account information or financial data with facebook or any third party without customer consent, so how do we know this is not going to change, and how do we know you're going to do that based on your track record of failing, violating and deceiving in the past. mr. marcus: totally for question. i want to answer it in two parts. know,rst is that, as you we have been working really, really hard on addressing the issues. some of them you have raised. we have invested incredible resources and election integrity and privacy. mark has made it his top we will continue to do

sec. mnuchin: the treasury department has expressed very serious concerns that libra could be misused by money launderers and terrorist financiers. ben bain covers financial regulation out of washington. crypto used to be this french issue in washington. all of a sudden, facebook wants to do it and it becomes a key issue. what can we take away from steven mnuchin's comments when it comes to the timing and what he just said? ben: he is just the latest, as you mentioned, in washington of high-ranking officials to come out and raise serious concerns about what facebook is planning to do. i think substantively what he said today was not that different from what president trump said last week. basically that there is a lot of concerns this administration has about how cryptocurrencies can be used by criminals. however, the fact he came out four days later, right before facebook's top executives working on this libra project is going to go before the senate banking committee tomorrow and the hou

he is the ceo of trusted sec and the hacking adviser for the cleveland cavaliers. david, welcome >> thanks for having me. i appreciate it. >> so can you tell us where kawhi is going >> that would be a great betting if i could do that and kind of hijack that a little bit from a hacking perspective. but i think he is sticking with the raptors. >> oh, you do? we'll see. hopefully soon tell us about some of the high-profile problems that have plagued the nba. >> you look at the nba as a whole, this is a multi, multibillion dollar organization and if you look at each of the teams, these are individual businesses that operate hospitality, everything from when you go and you buy popcorn to their online stores, you know, trade information, draft information, how they're going to structure their teams there's a lot of information that these basketball teams have uniquely to themselves as well as the entire nba as a whole we've seen recent attacks hawksh where hackers were able to hack the online store and steal a bunch of credit card data. we had tahackers, a hacker from ge

hours we will almost certainly have a new prime minister now, it could well be the current foreign sec tir jeremy hunt who has been commenting about this situation but it could be the former foreign secretary a man familiar on the u.s. air waves boris johnson who we understand is ahead in the polls that closed at 5:00 p.m. local time today yes, there will be a mrs. may cobra reaction today potentially but we will have a new government incoming with potentially a new chance given what we heard from the current one phillip hammond over the weekend. one thing we have heard and this is from one defense minister who is in the current government a man i met on many occasions former officer actually in the army as well and he's saying it's implausible to see criticism over the fact that the british didn't protect all its ships. we do not have that kind of manpower we do not have that many ships available in that part of the world at the moment. we have one destroyer in the region plus four mine sweepers another british ship is due to get to the region imminently as well, but it is implausible

the ong sec is involved as well. >> because there are continuing concerns i think the questions that mr. hallran asked are important. and we'll continue to look at in this committee. if you need our help passing legislation or something, we want to make sure we have as much safety as we can. when it comes to pipelines, tsa is taking the lead for developing guidelines for the industry to follow. according to reports they have only a handful of people working on cyber security for pipelines. do the tsa staffing and resource constraints concern you? this is a lob in that i hope maybe d.o.e. ought to take the lead. >> as you know through the oil and natural gas sec, as well as the government, the government coordinating counsel, we work jointly with department of homeland security and tsa. so our resources we use to leverage the tsa resources because we recognize, as a government, that we need to address this vulnerability. >> i appreciate that, but am i correct -- and i may not be. am i correct that d.o.e. is putting more capacity and has more folks working on this than tsa? >> i would

hello sec, if they're engaging in unethical behavior as a publicly traded company, someone needs to look into it. >> this one i suspect we will hear more about. the shares have taken quite a beating, even not today. >>> and if you bought an e-book from microsoft and we know very few of you d. it's going to disappear. the book you rented or bought will no longer be available to you because the company is closing the category it said it will happen some time this month it's offering full refunds for all back purchases if they still have your credit card on file. let's remember any time you buy an e-book or something like that -- >> or any technology. >> it can go away. >> i worried about that buying stuff on itunes. and then i went back to buying cds because nobody can take those away from me. >> you did not go back. >> for about a year. >> what are you going to play them on? how many dvds do we have in the cabinet? >> i didn't rip the cds, i didn't buy the songs from itunes anymore. >> and you buried them in the basement and stash for 25 years. >> i totally agree cds, dvds -- >> cassette

he has been a little bit more restrained on twitter, let's say, since his settlement with the sec over how he is communicating with the public. ben, what is your evaluation of musk's leadership, given some of the hiccups over the last year? ben: i think people want to invest with musk. i think him being more restrained or quiet is helpful. i think that being cash flow positive is helpful, and having $5 billion on the balance sheet is helpful for the growth managers that have not been paying attention, or cannot own this, or are of avoiding it to come back and buy it at a lower price than, whenever, a year ago when they were with all of the callous coming up here. emily: that was max chafkin and tesla analyst ben kallo. coming up, facebook marches forward with at least one ftc settlement in its rearview mirror and a new investigation underway. facebook posted second-quarter results. shares are up more than 50% this year as most of wall street says fundamentals are still strong. and bloomberg tech is livestreaming on twitter. check us out at @technology. and follow our breaking global ne

after a few years he left bear stearns and according to the sec , there we're some questions about what happened at bear stearns and why he left. at that point he hung out his own tingle and he partnered wit a guy named steven hoffenberg who was convicted of running a $460 million ponzi scheme at th time, that man was convicted, h said that epstein was involved but no charges were ever brough against him, the allegations were never corroborated, but they did tried to do about thre takeovers together at around this time. after that he then took his company offshore to that island and all of a sudden he was set up in the virgin islands where you don't have to report anything prayed you don't have to say who your clients are you don't have to say how much mone you have on record and for that reason they never put them on .he list. at that point, his only public clients on record as a guy name wesley wexner who is the ceo of the company that owns victoria' secret. after that he was always connected to ctand he said he o managed money for billionaire billionaires he couldn't get hi a billion

friendship >>> coming up we're going to it tell you about a major milestone for block chain in the sec plus we're awaiting results from delta airlines and we'll have an interview with the ceo of delta carvana is six years old this year and is the fastest growing place to buy a car in the nation. it's because we have thousands of people working hard to make our customers' experiences the best. it's because we have tens of thousands of cars ready to be delivered to your doorstep. and it's why hundreds of thousands of happy customers have ditched the dealership and bought their car online, earning us an average 4.7 stars in the process. so if you didn't know about us before, you do now. we're carvana, and we want to give you the car buying experience you deserve. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. >>> virgin galactic is planning to go public >> it started as a joy ride and then became a necessity. >> everything from space to

mainland china who cross the border to buy tax free products demonstrators the gehring gathering at the sec where a market area just a short distance from the border with the chinese mainland it follows weeks of protests triggered by failed attempts to push through a bill allowing suspects to be sent to mainland china for trial well correspondent . dan is joining us live from this to talk us through where you are what's happening there because this is not an area where the main protests took place. well exactly elizabeth this is the year the border from mainland china and essentially this protest is about basically the hong kong people demanding for more restrictions and regulations of the arrival of traders and by years from mainland china what we're seeing here basically are issues that are becoming more and more localized from an issue of i mean extradition bill which carrier has already said is dead refusing to be accepted by the hong hong kong people here protesters here to other issues that have been bottled up according to. them and although this protest is not expected to be as big

what a sec on to meet at julius baer? is there a capitulation point where the clients have to take more pain on negative rates? bernhard: we did that the beginning of the year when we realized the negative rates would stay a bit longer. that is currently hitting our net new money. for us, what is important is not only the level of interest rates, but also the steepness of the curve. if i look at the u.s. dollar, ment wet of reverse had for sometime. maybe our competitors suffer even more because we have a balance sheet and a credit book we can use for the liability side, but clearly, another negative interest rate environment is not helpful for banks. manus: in terms of this discussion around negative rates , what is the biggest unintended consequence for markets because of this movement? it is very, very difficult for clients to come up asset allocation for us to advise on the right allocation. negative interest rates are certainly not helpful, and what we have seen over the last couple of years is to try to offer altern

unfortunately, in the united states, the guidance that the sec has given is extremely narrow in terms of what they would deem not to be a security. the vast majority of digital assets, if they were in fact ,reated like securities affectively would mean that --se are not assessable accessible to u.s. persons. there is a fundamental mismatch between the regulatory structure and guidance that we have here and the nature of these digital assets. markets around the world are adopting these. singapore,rmuda, but france introducing taylor purposed fits for digital assets -- tailor purposed fits for digital assets. my time has expired, but to be sure i understand your point here, it would be as a part of our policy approach, you're suggesting we should not regulate this set of innovations as securities? mr. allaire: to the contrary. so, i'm sorry, i misunderstood the question. yes, we should regulate these. i believe we need new definitions of digital assets as a new asset class and that they are circumstances where there are investor protection considerations, and also circumstances that hav

sec place alternating between senator kamala harris and senator bernie sanders. looking at the quinnipiac poll harris has closed the gap up 13 points in the last three weeks. vice president biden down eight points. harris stands at 20%, biden at 22%. senators elizabeth warren and bernie sanders follow. senator harris and vice president biden are among the candidates campaigning in iowa. when a "usa today" poll shows biden continues to lead. joining me now nbc's vaughn hillyard on the trail. what's it look like out there? >> reporter: yeah, this is what the scenes in iowa in the summertime begin to look like. with kamala harris in the white, in west des moines picnic. before you toss to me, i saw senator amy klobuchar walk in between the candidate, they're the two main candidates here, going to address several hundred folks here in west des moines. and she has a town hall later in the day. and that conversation is what do you take from a candidate from the debate stage where kamala harris through the contrasts with joe biden. what does it look like on the campaign

the sec is doing its best. but, they are stuck applying a litany of very old rules to 21st-century technology. we need to help them succeed by providing some updated guidance. that is the only way we are going to ensure that any development in this space is safe and sound and occurs right here in the most innovative economy in the world. with that, i yield back the balance of my time. >> thank you. without objection, i would like to enter into the record the following material. a letter from the electronic privacy information center, epic. diversity in block chains initial review of facebook's project, libra. a letter from the independent community bankers of america. a letter from americans for financial reform education fund. a new york times op-ed written by --. the cofounder of facebook in time, it is time to break up this book. another op-ed by the same person in the financial times, entitled facebook, cofounder, libra coins which shift power into the wrong hands. with that, i would like to recognize mysel

have all the security tools or everything tuned properly to detect some of these things rendition info sec recommends threat hunting it's not good enough just to have that defense you have to really search around kind of you know dust off the cobwebs check under the bed to make sure that your environment is clean from attackers it depends on what the attacker does with that information if they release that to a forum if other people get their hands on that then obviously people will start noticing things are odd and reporting that up but you know it just because there's no known fraudulent activity to date right now doesn't mean that we shouldn't count that out we work with banking institutions all over the world international and domestic in the u.s. it all comes down to it's that toehold it's that weak crack you can be doing 100 percent of things correct so you think but it might be 99.9 and that that small percentage can lead an attacker into your network it does happen we recommend being proactive having security being evolving process you're always updating you're always trying to get

have all the security tools or everything tuned properly to detect some of these things rendition info sec recommends thread hunting it's not good enough just to have that defense you have to really search around kind of you know dust off the cobwebs check under the bed to make sure that your environment is clean from attackers and they again capture want to saying that as far as they know not for what has been committed and someone hadn't showed them that this someone bragging about this hack online what they have found out that this had happened. you know i think eventually they always do find out there's always a time there it depends on what the attacker does with that information if they release that to a forum if other people get their hands on that then obviously people will start noticing things or audit and reporting that up but you know it just because there's no known fraudulent activity to date right now doesn't mean that we shouldn't count that out and just lastly mestemacher this how easy or difficult is it to do something like this to carry out a hack of this nature and of c

have all the security tools or everything tuned properly to detect some of these things rendition info sec recommends threat hunting it's not good enough just to have that defense you have to really search around kind of you know dust off the cobwebs check under the bed to make sure that your environment is clean from attackers it depends on what the attacker does with that information if they release that to a forum if other people get their hands on that then obviously people will start noticing things are audit and reporting that up but you know it just because there's no known fraudulent activity to date right now doesn't mean that we shouldn't count that out we work with banking institutions all over the world international and domestic in the u.s. it all comes down to it's that toehold it's that weak crack you can be doing 100 percent of things correct so you think but it might be 99.9 and that that small percentage can lead an attacker into your network it does happen we recommend being proactive having security being evolving process you're always updating you're always trying to g

the sec requires that they be made on a rational basis and if they're reticent about doing their work in order to avoid a lawsuit, that is impairing the relationship between management and shareholders, agreed? stuart: yes. >> who is doing that? plaintiffs lawyers, agreed? stuart: yes. good lord we come so far we agree about plaintiff's lawyers. >> i want varney to be the new prime minister. i like varney. stuart: you haven't done that for years. thank you, judge. see you soon. >> pleasure. stuart: amazon is warning customers who bought align supplements, they could be fake. susan: they are a little scared at this point. stuart: what are align supplement? is that a brand name? susan: they are a brand name. a popular probiotic which i purchased in the past on amazon. amazon is telling them to throw away align supplements because they may be fake. counter fit something not new for amazon. it is a large marketplace. it is highly vulnerable to this. amazon is launching a new program to basically counteract counterfeits on the website. they will kick off the bad actors and deal with procto

that facebook actually preemptively went and presented this information to the treasury as well as the sec. and they were apparently the -- the sec was stunned that facebook was unable to answer some basic questions about concerns surrounding money laundering and consumer protection. so how are they really going to address some of these concerns? are they really prepared or, you know, are we really seeing something like libra being pushed further out because it's going to take so much longer to address the concerns of the regulators? >> so let me take block chain just for a moment to a different place and what is block chain. maria: we're talking about two different things. >> let me talk about why i think block chain is here to stay. it's been around for 10 years. but some of the things it does -- it is really an end to end, very secure payment type system. okay. it's almost a distributed ledger so any person on the block chain -- >> and the coins are the currency. >> and the coins. i want to make a distinguishment between bitcoin and cryptocurrencies and the currencies talked about here,

at too sorry for compiler and in a more fundamental sec said it allows. your process to. suck the price show. to. kind of packed loans to get the empathy set to the 6 p.b. one k. its own intelligence. exists then more than realize. they realize they're the going to tell. they've been identified joe on the side except in a. book. so the. the girl who took. them out on 10 min says old dylan was a lot of quote when i said i fit life it meant ultima comma so that if i'm not understanding it sounds good out of your eyes. the loss on put it through the study in the sense of division is ill get out your grandma opposed to religion as the before you. leave it as the. bluefin or.

that's a symptom of a type of sec tular stagnation which seem to be affecting the brazilian economy at the moment. all of this taken together means pension growth is a great thing. there are a number of things we need to do on the structural front to face these longer term growth issues. in addition to that, you need to have some kind of bridge in the short-term, especially if you're facing these very high levels of unemployment and the parts of the labor force or the parts of the population that are actually finding employment at the moment are finding very precarious employment. that leads to a significant rise in social tensions over time, especially in a situation where social programs are not really the focus of the economic agenda. so there are a number of things on the economic agenda which are positive. pension reform is positive, privatization is positive, opening up the economy. opening up the economy is an important thing. there are many things which are part of this agenda that have very important. one thing that's sorely lacking is any mention and any idea about what to do

announced they're clearing the transaction from their perspective, that builds on our announcement that the sec, that we're also in favor of the transaction and now it will come back to the fcc for a final vote. the entire package of the transaction and really today is a goodwin for the u.s. , in terms of our leadership in 5g, you know 5g has been a top priority for me at the fcc but also the trump adminitration if it's a great job story and great for our economy so a good day for u.s. leadership today. charlie: and the reason why we're talking about 5g here is that the combined t ebb month ill sprint and i always thought this was the most compelling part of the argument, is, i mean , sprint was the fourth largest carrier t-mobile was the third, together, they're going to be pretty powerful combination and that's where the advancements in 5g and wireless and technology is going to come in, that sprint which had some financial issues, will be a stronger company, now with t-mobile and i thought you were on the company's were on the strongest ground on that argument but here is another argument. w

no surprise that the sec is in focus. that indicates a bottoming out. here's the countdown to the start of the open in taiwan. this is bloomberg. ♪ paul: 9 a.m. in beijing. welcome to "bloomberg markets." thee are counting down to open of trade in hong kong and mainland markets. david: policymakers sound ready to move at the end of the month. yvonne: the fallout from the 737 max 8 grounding orson's. boeing will take a $5 billion charge. tom: 50 years since the historic giant leap. we look at

they're playing on the margins of expanding the youk program, they are going slow and this is out of sec in addition that they can provoke a conflict with the united states or israel. but you're right. that over time, those thresholds are going to be reduced and the risk of conflict will emerge because both we and the israelis have set pretty hard lines. the one question we do have is the united states going to hold to the same perspective it had during the bush and obama years which is there is a difference between enriched uranium to bomb and having to bomb itself. if this administration follows through with its rhetoric they might be setting a earlier red line in the risk of earlier conflict. alix: that's a great nuance there, richard. whats the one thing that draws the u.s. and then iran to the negotiating table? what do each country need to get? >> two things. one, they need to be both scared. and i think that there is some measure of that now, but certainly, there is a lot of bravado going on and a lot of chest thump going on now. we haven't had that crisis moment where they both f

more in a sec. i want tom to talk about what mercedes was talking about regarding the question in the census the administration wants to push by executive order to make sure you can still ask, are you a legal citizen of the united states. where do you think this is going, tom? >> i hope the administration succeeds in it for a couple of reasons. number one, don't we want to know how many illegal aliens are in the united states? and if they're talking about immigration reform, free medical care, you know, path ways to citizenship for people here illegally for a while. don't we want to know who that population is? i would think that's a way to make easy decision. i don't think that representations in the house of representatives or electoral college that elects our president should be based on people here illegally. i think it's good for a couple of reasons. neil: so, let me switch gears a little bit here. regardless how that works. the administration still says, it's going to pursue these deportations

sec teretary and the entire crew here and everybody at the usda and the administration, thank you for moving forward on the mfp second round. i worked hard on that as did others, and we appreciate the responsiveness on it. i think the questions and comments by our -- my distinguished colleague from south dakota, highlights the need for it in farm country. it's a tough time in farm country, so we're very appreciative of that. and dr. johansson, want to learn from round one and do a better job in round two, just look senator thune was talking about. one of the questions that senator klobuchar brought up is an important one. she termed it in terms of regional differences. i talked about it in terms of basis. and as you know very well brought this up last go-around. please comment on your effort to include that in this mfp. it's a very important issue. she talked about 60% of her soybeans going to china. in north dakota, we spend $1.5 billion worth of soybeans to china on a regular year. didn't happen this year. so that tells you how there are regional disparities or which crea creat crea

. >> just a sec, i'm working on it, walmart, amazon, target -- >> horseshoe loves amazon. >> trying to come up with a new acronym. >> i'm going to work on it during the break walmart, amazon, costco, target. that -- taqua? the stock has this instagram thing. >> not at the social media summit at the white house today. you have a social media summit without twitter and facebook. >> i don't know. i got a million followers. i'm offended more on instagram. it is a lot of fun. >> when we come back, speaking of some of the names, setback for netflix in the streaming wars to sun valley with an important week for the media business. live coverage of fed chair powell's testimony as jim messenger mentions facebook above 200 futures are up we're back in a moment it all started under this buttonwood tree. twenty-four people came together to sign an agreement that created the stock exchange. just the right elements coming together. it started when scores more people came together, just down the street and traded bonds that helped pay for the revolution, and the nation it created. it started in an of

in fact, former depp sec bob wark wrote a good paper recently called "the third offset with chinese characteristics" worth taking a look at and seeing the broad dimension of how they have mimicked many of the things we're doing. >> it would be fair to say if we were fighting another war in the middle east they would be going to school on us on that one, watching what we're doing to continue to advance their capacities? >> they watch us -- >> i worry, i ask that question because i worry about getting into unnecessary wars that could give china an advantage both sort of a peace dividend, because they're not at war, but the ability to learn on the united states. let me talk about china and the u.s. and the u.s.'s allies. as we set off against russia, since the truman administration, the formation of nato, and the growth of nato has given us this constellation of allies we have been able to use, we don't have as sort of defined a network of allies. i was interested recently, admiral davidson a year or two ago talked about the loose notion of a quad u.s., japan, in march i think he gave a speech where h

it is first, sec, and third priority for you. you said it's all the issues. let's get specific. we're here in miami, which is already experiencing serious flooding on sunny days as a result of sea level rise. parts of miami beach and the keys could be under water in our lifetimes. does your plan save miami? >> yes. first by taking away the fill buster from mitch mcconnell to start with. we have to do that. look, look, we are the first generation to feel the sting of climate change, and we are the last that can do something about it. our towns are burning. our fields are flooding. miami is inundated. we have to understand, this is a climate crisis, an emergency. and it is our last chance in the administration next one to do something about it. and we need to do what i have done in my fates tate. we've passed a 100% clean electrical grid bill. we now have a vision statement. my plan has been called the gold standard of putting people to work. but the most important thing on this, in the biggest decision for the american public is who is going to make this the first priority. and i

. >>> treasury sec stair steven mnuchin and u.s. trade representative lighthizer traveling to shanghai, china, to resume trade negotiations this week i want to get over to kayla who joins us with more of the details of where these talks are headed good morning. >> good morning. a month after the two sides reached a truce at the g-20, the trade representative and treasury secretary will sit down with chinese counterparts to reach agreement on some short-term deliverables that are expected to clear the way to revisit the text of any underlying agreement the u.s. has been discussing how to carve out business for china's huawei to conduct outside the scope of national security while china in return has been expected to buy u.s. farm products. chinese state media are suggesting some of those purchases started ramping up july 19th; but that it's only temporary. the hawkish global times writes, china again restarted purchases and might exempt the tariffs imposed on these products. a clear sign of china's goodwill and such goodwill is expec

what can we talk about this for a sec in do you mind are you sure >> i have a question >> can he actually answer mine >> continue on. >> you sure? >> i'm not sha sure. >> is 19 put us below the world so our companies van unfair advantage or make it more even with the world >> i would have to double check the numbers. i think 19 would be a little below the industrialized -- >> but that's not where -- willy sut p would fot go to corporate taxes either he would have to go to marginal rates not just to rich people but across the board if you really want to raise revenue, don't you need to do that >> raising the corporate tax rate to 27%, number one, two, higher marginal rates on w2 income depends on the rate, of course would raise generallyspeaking more money than that and there's all kinds of debates about -- >> you have to go down. >> more fair estate tax. this is a huge debate, right because the core of the debate is whether you think the country needs more revenue or you don't. even if you don't buy the idea of democratic issues, we have 90 billion deaf set this year that's a bad place to

they were getting married in bedminster over the weekend and sec president trump wearing a dark suit without a tie putting his arms around the two as he just popped into the ceremony. this couple was actually engaged in bedminster in 2017 so maybe if you are a repeat customer you make it the president to make an appearance. stuart: at the kind of drop in a lot of weddings could use. since that a minority chuck schumer toward a detention center friday calling the conditions there inhumane to president trump tweeted that he wants to set up a meeting with senator schumer as soon as possible. there is the tweak your joining us now charles hearst. charles, anything will come of this proposed offloading? >> i hope so, i mean, i think it's a great step in the right direction that chuck schumer went to the border. remember, it was earlier this year that the president shut down the government over this very issue or i guess last year shut down the government over this very issue and you had all of washington led by chuck schumer declaring that is a manufactured crisis-- crisis with no problem

it's in our sec filing back in february and the surprise, if anything, was the fact that it was considered news. we're complying fully and cooperating fully with the department of justice. it's an astute organization. i'm sure once they go through the facts they'll come to the same conclusions that the company acted responsibly and the company is safe. >> you are dealing with a lot of different lawsuits, thousands of lawsuits around the country on this and yet you're sort of battling those one by one. i understand you have set aside some legal funds dedicated to the talcum powder outcomes. >> we've set aside $190 million. that is not related to any settlement or liability payments, that is related specifically to costs to defend ourselves. >> all right can you tell us what you're setting aside beyond that for things that could come in the future >> yeah. at this point, meg, if you look at the talca litigation, when we lost on an original verdict, we've prevailed on appeal. we continue to think that that's the right path for us right now. there will be times, as a cfo i consider costs as a

dagen: turning to crypto currency, sec is looking whether libra should fall in oversight, facebook hasn't provided enough details on how it would regard against money laundering, how much control and bitcoin prices sliding at the same time, your take on that. >> look, i went on the record last week i think libra will be a flop, bitcoin in desperate need need to go to front line. in the wake of what's happening, all the scrutiny coming on libra, i don't think it's going to happen. you know, in the most likely scenario, now, we will look at capital controls put on facebook for them to launch this which really turns crypto currency away from everything it's supposed to be. it's supposed to be unregulated, anonymous, really therefore not much of a crypto currency which is why i think we see bitcoin trading in high correlation with libra and that's why we are seeing selloff continue. dagen: it's like trading, i don't know, rocks. [laughter] dagen: whatever value that these -- that speculators and gamblers want to assign to it. >> rocks are more tangible, come on. [laughter] dagen: yes. >> libr

>> there has been a little bit of -- but we have the dense sec. stuart: there is a rom, that sure has to be a problem. >> absolutely. you're right to point it out. it is less of a problem at the defense secretary. we have the break between secretary mattis and secretary esper with the acting secretary. the bigger problem, interior officials, deputy secretaries, undersecretaries, the president held off on getting those people confirmed until they had a confirmed secretary of defense. it's a problem, i think will be corrected with secretary esper confirmed. stuart: roger, thanks for joining us. >> thanks for having me. stuart: thanks for joining us indeed. i got to say, we had the president on a moment ago. he did not, at this point he has not answered questions from the assembled media. he left the rose garden. got it. president trump may designate antifa a terrorist organization. they're the people in black on the left-hand side of the screen. what is going on? ashley: certainly considering it. he put this tweet out over the weekend concerning ant

. >> hold on a sec. i'm going to get me a beer. hey. my husband bruce is now in here. want a beer? >> i'll pass on the beer for now. stuart: that was quite something, wasn't it? you can't beat that. >> no, you can't. stuart: yes, you can. >> the pandering, the pandering that these coastal elite liberals that graduate from harvard are trying to do, this is the type of attempts they are trying to do to identify with middle america. it is insulting to the majority of americans and inauthentic. she would be better off drinking a cosmo at a club in boston, right? this is just out of this world pandering, ridiculous attempts to identify with the majority of americans. what they should be doing is putting policy together that's better off but they're not. they are getting root canals -- stuart: i think i got to you. i got to you. >> but it's just unbelievable. and it's funny. stuart: kelly sadler, thank you very much indeed. i'm glad we made your day. hold on. congressman sean duffy is with us, wisconsin republican. all right, sean, i'm having a good old laugh at this, but i don't think i

expecting those announcement and for sure we will see also a few more resignations and he will also sec people when he comes into number 10 downing street so there could be a fair bit of political turbulence and had with the next 48 hours are going to be very interesting as we see how this all pans out charlotte in a london thank you very much for your coverage from there and with me in the studio i thank political correspondent for your assessment a new analysis as the united kingdom has a new leader of the conservative party and his name is baras johnson thank you both . so britain has a new conservative party leader and to be prime minister barak's johnson it was an unlikely twist for the man who once said there was as much chance of finding ever specially on mars as off him becoming prime minister here's a look at his career and his unlikely rise to power. he no longer has to knock boris johnson now has the keys to number 10 he started his career in journalism but politics came calling in 2001 he won a seat in parliament for the conservative party in 2008 came a new challenge theref

state off by that that's when around 7 o'clock in the morning a group of gang members tried to take a sec tour of it within that prison of another group and that's what started the fierce fighting apparently they set up several fires in order to prevent prison guards from reaching the area where the my age of fighting was taking place 16 people were beheaded and the rest died 52 people in total but the rest died because of social cations because of the fire that was created there right now there is no real information of what started there is an investigation underway or 3 days are saying that they had no real intelligence information that something like this was going to happen but brazil's minister of justice said is your mortal the leverage that the or car wash operation judge that's currently the minister of justice in brazil has called for an emergency meeting he also said that they were putting more intelligence within the ground and also increasing the presence of security forces in the area. of the brazil is a huge prison population was move against the 3rd largest in the world so

state off by that that's when around 7 o'clock in the morning a group of gang members tried to take a sec tour of it within that prison of another group and that's what started the fierce fighting apparently they set up several fires in order to prevent prison guards from reaching the area where the my age of fighting was taking place 16 people were beheaded and the rest died 52 people in total but the rest died because of social cations because of the fire that was created there right now there is no real information of what started there is an investigation underway or 3 days are saying that they had no real intelligence information that something like this was going to happen but brazil's minister of justice said is your model the leverage that the old car wash operation judge that's currently the minister of justice in brazil has called for an emergency meeting he also said that here they were putting more intelligence within the ground and also increasing the presence of security forces in the area. of the brazil is a huge prison population has moved against the 3rd largest in the wo

around the globe the largest exchanges are not regulated by the sec or similar securities regulators for front running. >> i have to point out, though, many exchanges are, in fact, regulated by the jurisdictional regulator where they operate and by the customers that they serve. this is a case that is now being tried via new york dfs that is looking at a number of exchanges. the second distinction i would make here since 2016 all of the exchanges here in the united states that are under the purview of u.s. regulators, including the cftc, have voluntarily joined the cftc in creating a market oversight committee that looks at these practices and these accusations that have been leveled around wash trading and there is effort within the industry to self-regulate in absence of clear guidance, but i will say that this wash trading activity is not happening here in the united states because exchanges here are regulated, as any other exchange would be. >> i differ with my fellow witness at the table, the wash trading is absolutely having -- >> it seems like -- >> -- not for market manipulat