banks or fintech? fintech is going to win. that is bankamerica mobile banking.ven years, bankamerica took from nothing to mobile banking where they processed a level of deposits equal to the seventh largest bank. equal to 1500 bank branches. that is a phenomenal story. in addition, bankamerica over the past few years has increased in a variety of ways. mobile banking, ach payments by 50% or more. at the same time, they have reduced their technology expenses for their infrastructure by $2 billion. you are growing the franchise without growing expenses. and it is due to technology. it is a fantastic marriage between tech and banks, such as bankamerica. taylor: if bank of america is the winner, who is the loser? mike: a lot of banks are stuck in an old mindset, a last century mindset. you have the largest banks, scale providers -- jp morgan, bankamerica, citigroup, goliath are winning. you have the smaller banks which have specialized services, face-to-face relationships. friendly with the town council. i think other than that barbell approach, those banks in the m

it is a fintech disrupter, whether to take over monzo.ke over monzo. it is a fintech disrupter, and alternative banking system. they have come up quite quickly, these alternative banks, when monzo started they started with 12 people, and they had a designer as part of the 12, because they were thinking about how to design a service, they decided with customers in mind, bringing in things like mental health app, and they would talk to people using the bank saying, what do you want. that isa bank saying, what do you want. that is a very different way of designing a whole system. but it is not making any money, it stores all funds with the bank of england, not putting it out on overnight interest or anything like that. it seems to go against all the traditional models in terms of banking. it does and yet look how many there are of them, fintech is one of the fastest growing areas. people looking into careers for the future, that seems to me to be the place where you might want to go. thank you very much indeed. fascinating conversation, cong

and great fintech companies.iking i'm liking what i hear i'm liking, and am i done or do i have more? "mad money" is -- "60 minutes" is back after the break. make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good! high protein. low sugar. mmmm, birthday cake! pure protein. find our coupons in sunday's paper. >>> "lightning round" is sponsored by td ameritrade >> it is time! it's time for the "lightning round. cramer -- >> buy, buy, buy. >> sell, sell, sell! [ buzzer ] and then the "lightning round" is over. are you ready, skee-daddy? drew in texas, drew? >> caller: boo-yah, jim. how you doing? >> i'm having a good day how about you, drew? >> caller: i'm doing well. >> that's good >> caller: i got a question for you about yeti >> i like yeti i think it's in good shape and i want to buy it kevin in georgia, please, kevin kevin? >> caller: hey, how you doing tonight? >> i am doing well we're bonds trading down here. what's going up? >> caller: i'm looking for

we don't see credit issues we just don't see a lot of growth you are also pointing to fintech? has a very global public market a lot of these ipos. like square and more this space can continue to grow. they are just starting to take over digital payments, peer to peer funding and crowd sourcing. so only 2% of cars sold last year were electric one area we like are battery producers. they are building batteries for your iphone, i bad and for electric vehicles. >> i appreciate your time. thank you for joining us electric cars, fintech thank you. >> time for the rbi, the worst start to october since five years ago when the index fell 1.3% to begin the month. that doesn't mean the month won't do well overall. that 2014 drop did not doom the market in 2014, the s&p 500 went on to gain 3.7 for the rest of the month and jump nearly 6% for the rest of the year bottom line here, the poor start was not a health of the market there have been 13 prior octobers going back to 1928 that started the trading month with 1% or more drops october always volatile maybe not always disappointing we'll

. >> we are not even talking about the fiscal policy side of things fintech off the fast track why a new court ruling is creating movement. and amazon, can growth in the cloud out weigh risk all of that when "worldwide exchange" returns after this oss? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. >> quick check on the futures this morning still to come on the show, a "worldwide exchange" exclusive with former minneapolis fed president coming up right after this stay tuned >> the busiest day of earnings season the sector faces growing calls for regulation shares of tesla reeves up after the company plunges estimates. one analyst is remaining neutral. and in a "worldwide exchange" exclusive, former minneapolis fed president tells us what policy moves

. >> you mentioned the investment in the fintech space yesterday, we were covering the meeting. are we bound to see significant investment around these for these major banks. >> interesting, if you go back four or five years you've seen big investments by the consumer banks they've vested heavily and are benefitting from all the fintech out there. delivering a lot to customers like mobil offerings like immediate auto loans for example. that has helped in particular on the cost side. if you look at bank of america, their consumer business is very, very efficient a large part of that is applying that to their own businesses jp morgan vesting $11 billion a year and others $10 to $11. these are big numbers. rather than the negative impact, that is really benefitting in the long term. >> that is interesting, thank you for weighing in. still to come on wall street today, morgan stanley will share their q 3 numbers and state street will also share results and david solomon will speak in his first interview since the wall street giant missed expectations that is today at 20:00 cte >> ne

it jamie dimon came out and said fintech is going to try to eat your lunch. keep on our toes to compete. have they done enough to take on the competition that is in tech? >> you can see them wanting to pour billions of dollars into technology to compete here. you have to wonder when jamie dimon says fintech, we see volumes going into the same tech community but is he telling -- talking about the same upstarts or apple and amazon that poses a threat to the banking community in terms of whether they get into more financial projects -- products or whether they still more from the banking industry? facebook has said they are willing to hire hundreds of engineers in new york and poaching from the financial community is not a rare thing for them to do. within the disciplined expense management, we take a look at the right hand side of the income statement. any sense of what percent of income expenses -- hiring those coders? >> let me give you an example. one quarter noninterest expense for bank of america is dean billion dollars. if you take $3 billion, a little bi

population are so femtech should, in some ways, have the backing of capitalism in the same way that fintechver tech it is. it is a quality all around. we have to leave it there. priya it has been great to have you. have a lovely day and we will see you soon. hello there. this week is looking typically autumnal, quite unsettled, windy at times and there will be plenty of showers in the forecast. also, some sunshine, it won't be a washout all the time, but when you catch one of these showers, they will often be quite heavy. maybe with a rumble of thunder and some hail mixed in too. all down to low pressure, which will be just to the north—west or to the north of the uk over the next few days and indeed for much of the week. so our air will be coming in off the atlantic with these weather fronts bringing in bands of showers. one thing you will notice, though, it's not going to feel particularly cold, we will have our air source coming in off the atlantic from a west or a south—westerly direction most of the time. so that means around average temperatures through the day. and at night, it shoul

it is also about the disruptors within fintech. absolutely.ncial services sector.m absolutely. there are so many within the financial services sector. it is also ai. this article doesn't say, but let's not forget that a lot of thejobs can but let's not forget that a lot of the jobs can now be done but let's not forget that a lot of thejobs can now be done by artificial intelligence, a lot of the lawyers jobs can be done by artificial intelligence. this is expected to be announced... the new interim chief executive, he is affected to announce and the article points out that a lot of the jobs could go in europe because he is making much of the money in asia. 80% of its money is making in asia, 238,000 people across the bank, that isa 238,000 people across the bank, that is a lot of people. just to reiterate again, that hsbc, we have beenin reiterate again, that hsbc, we have been in touch and they are yet to confirm or give us more detail on that story. arab news has a feature on the front page, no surprise at all, six days of violence in iraq.

fintech company brex announced its new product, brex cash.stomers to pay in cash for any invoice or bill in one system, earn rewards and even earn 1.6% interest. joining me is brex co-ceo, henrique dubugras. henrique, thank you for joining me. why do you think this is the right system, combining cash, credit, and savings in one? henrique: first, thank you for having me. brexth brexit cash, we -- cash, we tried to assault all of the financial problems of our customers. no matter how you want to pay, you can do it in one single place. banks traditionally separate between checking and savings accounts, so you earn less on -- less interest on your money as a whole. so brex simplified it into an account that earns 1.6% yield. so there's no competition of having one account that earns in another account that doesn't earn. it's 1.6% all the time. taylor: how are you making money? henrique: so, we invest the funds in money market funds, from which we gain a small fee from that. we believe by having the same account between card and cash, people will

fintech and business service is around 26% of revenue.von note is not the most famous part of tencent it is a big part of what they do. it is going to be bigger in the future as chinese get richer and have more money to invest or manage. it will be a big deal for tencent going forward. >> do you think blackrock could make it in china in the face of strong local competition? also a potential roadblock would be our reporting about possible capital controls of u.s. investment into chinese companies. >> yes, i think they can make it in china. as you say there is a lot of competition. bed withmping into tencent, everybody has tencent in their hand, really, with 1.3 billion people who are monthly active users of that we chat platform by removing the friction where you can easily open your phone, of the app and decide to allocate some of your money into one of these blackrock funds, one of the funds blackrock has helped tencent set up, i think that is removing so many of the friction points for blackrock to get into china, they do not need to bi

so silicon valley is coming, whether it is for ipos or zero commissions or fintech. those are some of the overall areas depressing revenues, and you should see some of that when banks report next week. the repo market story as well, i'm curious about your take on that. how do you see that playing out? there's likely to be another squeeze toward the end of the year. what caused it? does it affect your numbers? mike: it has not impacted our numbers right now. it seems to be not life-threatening, but i think we all need to be in a heightened state of awareness. these things have happened at months-end, quarter-end, and year-end. there wasn't any of those, so that could raise some issues. you have quantitative easing, and that is still around here. you have fiscal policy, you have geopolitical risk. i think it makes the whole system a little more flammable, and hopefully central bankers are on the job. i think the message has gotten to them, like everyone is on the scene watching a little more closely than before. vonnie: you say in your report that there will be some ad

i'm investigating and it's fintech player that could be worth considering, so i will reveal the name. stay with cramer >> announcer: don't miss a second of "mad money." follow@jim cramer on twitter have a question, tweet cramer. #mad tweets. send jim an e-mail, to madmoney@cnbc.com or give us a call at 1-800-743-cnbc, missed something? head to mad money.cnbc.com ♪ >>> mark is the founder of sales force. the guy practically invented the cloud. he is a believer in business as an agent of social change. just yesterday, he published a boom called "trail blazer. earlier we got to talk to him about it take a look. >>> marc, you are comfortable talking capitalism and we will talk about it and i want to talk about joel for a moment. i want to talk about your father for a moment and i want to talk about your grandfather, these were the inspirations, aren't they why we are here today >> for all of us, our families are of course, our core values for me, i had a family that was committed to civil service and the state of the world my grandfather was a huge part of that and i wrote about him in th

with visa a pretty good week overall for f fintech here the dow laggards remain essentially cyclicalst of 52-week lows in the oil sectors and goldman sachs, most of the banks not doing too much. quite a wild week. guys, back to you. >> and as we look to next week, trade talks. anybody want to be negative going into that? >> i don't think there's a play, to be honest, i don't think there's a definable trade that you would have high conviction going into these talks necessaril necessarily. but do you want to bet against good noises, probably not? >> the president probably has his back against the wall a little bit with the impeachment talk he would like some good news to help him on that front the economy, a little dicey. >> i agree, but i don't see it as a gamable situation very easily, necessarily. i could make the other side of that, too. he wants to be seen as being tough. >> but don't you think that if we got a deal, we'd get a massive move up? >> no doubt about that >> and the bad headlines, i don't think, bring us that much bad news >> i think to decide there's going to be a cata

with thest accelerated incredible innovation coming out of the fintech sector. >> ciber we mentioned, resiliency, conversions. these are all additional risks. the financial market utilities, they should come in my opinion, should be stressed tested the way the banks are. in a lot of ways, we concentrated a tremendous amount of risk there. we said derivatives, bilateral was bad. think of a spider web. when lehman went down, no other company went down because of derivatives. the spiderweb worked. we had now contributed a huge amount of risk at these clearinghouses. if one of these financial market utilities goes down, that is a huge thing. of course, some are backed up by us, which creates an issue. they should have the discipline to do that right. i believe dodd-frank gave the regulators that right under their umbrella. i think they should spend more time with them, then with us. than with us. >> one technology getting a lot of headlines is libra. do you have any impressions, real or not real? >> it was a neat idea that will never happen. i have nothing else to say about it. we already

and fintech is big here in london in u.s., those things have been slow zuckerberg and facebook are trying hard to get in to the foonl space. he thinks libra is the way in linking it to whatsapp he's got an uphill battle with libra. >> we'll have to leave it there. i feel like we could talk cloud and tech all day with you. thank you. a quick look at u.s. futures before we head out we have important earnings coming up in the next couple of days amazon one to watch out for, alphabet too dow up 30 points, nasdaq up 30 as well. taking a cue to the positive start in the european session as well we have that ecb meeting coming up that's it for our show i'm joumanna bercetche >> and i'm julianna tatelbaum. "worldwide exchange" is coming up next. thank you for joining us >>> it is 5:00 a.m headquarters. amazon, twitter and many others set to open their books today. it is the busiest day of earnings season around and new promises from tesla over the tiely anticipated model y cross over those shares are soaring trouble in

we talk to the ceo about how the syntax of any -- fintech company hopes to execute the program.is bloomberg. ♪ >> in the world of cryptocurrency, paypal delivered a blow to facebook's libra group. facebook said friday afternoon it decided to forego participation in libra and focus on inventing its existing -- advancing its existing m ission. paypal was one of the original 238 members of the facebook-led initiative. several members are wavering whether to fully embrace the effort. no comment friday evening from facebook. announcedmpany brex its new product, brex cash. it allows customers to pay in one system, earn rewards and 1.6% interest. o,ining me is brex co-ce henrique dubugras. thank you for joining me. why do you think this is the right system, combining cash, credit, and savings in one? henrique: we tried to assault all of the financial problems of our customers. pay,tter how you want to you can do it in one single place. banks traditionally separate between checking and savings accounts, so you earn less on your interest as a whole. brex simplified it into an account tha

london has overtaken new york as the number one city for fintech even beforehat is we delivered crossail, which was on time and on budget when the last mayor left office. [applause] prime minister johnson isn't it : time? isn't it time that we had a mayor who is focused on the job of running london? isn't it time we got behind our fantastic candidate, sean bailey, backing bailey for london in 2020? manchester, we are seeing extraordinary growth in genomics, a flood of inward investment from banking and insurance, i.t., that is before you delivered northern up theuse rail, making whole of the region as we will do. in the west midlands, we are already seeing a 21st century industrial revolution. battery and low carbon technology. just as we lead the world in the previous industrial revolution in the 19th century. [laughter] prime minister johnson: that is the truth. one in five electric vehicles is made in this country, a fantastic thing, and we are going to increase it. we are going to have a battery giga factory. a battery giga factory. that is before we have even begun with the anti-

>> air bnb will be a big one they've said they'll go earlier 2020 a lot of fintech companies still toome. you'll see a lot of companies, these are small companies you don't see but they are part of bigger companies the acquisition for those companies. you'll see a lot of activity in health care, health tech that is a huge beneficiary >> how big will 5g be? we've yet to see any real break out? will that be the break out industry now >> we think it will be around 2021 that's the time 4g took to come on it will take some time to come on still not rolled out you'll see around 2021, 22 it will be a big thing. that is big in the telecom area. that is good with a robust pipeline realizing there are other factors that need to be factored in >> thank you visiting us from the middle east joining us on set coming up next the next big thing for musk and spacex it is almost time for that big reveal the state where the most millennial millionaires reside number two, new york number one is coming up when we tu aerhibrk. this is the age of expression. but shouldn't somebody be listening? so. let's ta

well, i'm here at the headquarters of the world's largest privately held fintech company, who have aeal finger on the polls when it comes to the economy. i will talk about their views on how things are coming out later, but let me give you the forecast for this official data that as you say will be out 10:00 a.m. local time. the forecast is that you will , the consensus% forecast, is slow down from the previous quarter which was 6.2%, but berg intelligence's will actually see it drop to 5.9% -- bloomberg intelligence thinks you will actually see it drop to 5.9 percent. domestic pressures but also external pressures in the form of those trade wars and tariffs. look atemand side, retail sales. they are expected to pick up marginally to about six point 8%. again, the consumer firmly in focus. you have seen things like auto sales contract for 15 out of the last 16 months, and then you have industrial production and fixed assets, both expected to come in relatively fat, but both of these are expected to point to the need for additional pressures, these domestic and external, continue. the

>> china has been rapidly developing in the industries of mobile, internet, and fintech.see the chinese government is very supportive to the whole blockchain industry. andave called venus a belt road. it means in which region people really need a project like venus. there are still many people suffering from a lack of financial services. for example, they still do not own a single bank card. >> china is planning to release its own cryptocurrency that would give it more control of its financial system. what do you think of the project in the future of cryptocurrencies in china? >> we believe all countries around the world will release their own cryptocurrency in the future, and they will roll out a very strict measures to supervise the industry. lies, toere our value help them clearly supervise the cryptocurrency industry and ensure stable, sustainable development. selina: both projects are both very theoretical at this point, but when they start ramping up, they will likely face similar scrutiny that libra has, especially when it comes to concerns around money laundering

down on the fintech task force, and others, this is supported and it's important that we support innovation on this committee. i don't want to punish the libra association for a product that does not exist yet, but i was reading the g7 report that mr. marcus participated in. that report says the g7 believes no global stable corn project should begin operations until the legislative regulatory and oversight challenges and risks outlined are adequately addressed through appropriate designs, adhering to regulations that are clear and proportionate to those risks. is that a statement you agree with? >> congressman, i have not reviewed the report in detail. in general, we understand that working in financial services and payments -- this is an area that is very sensitive. people's's money is obviously extremely important to them. there are good regulations in place to make sure all services are basically protecting people. i want to make sure that we do the same and that we are at the same standard or higher in every thing we do. >> i appreciate that the writ i think you have made it clear that

when jamie dimon says fintech, we do see record numbers going into the community, but is he talking abouthese smaller upstarts or the apples and amazons of the world that pose a threat to the banking community, in terms of whether they get into financial products or steal talent from the banking industry. facebook has said they are willing to hire hundreds of engineers in new york. coaching from the financial community is not rare for them to do. taylor: within the discipline express management, we take a look at the right hand side of the income statement. any sense of what percent of total is going into investments in technology? sonali: let me give you an example in one noninterest expense for bank of america, about $15 billion. you take $3 billion, a little more than a order of the $12 billion they almost spend every year, you have about a fifth of noninterest expense. jp morgan, bank of america leading the pack because they have big consumer arms that could use more digital banking services, which tends to be a leader in all big technology that big banks use. taylor: tech and banking

the former fintech exec got off to a running start and made key personnel changes, trimmed costs, andbig deals. in the process, he made nasdaq into a very different institution. thursday, he spoke to david westin about his new book, "market mover." bob: the most important move we made was to buy inet, we got the best technology on the street. a lot of the high-frequency firms use some version of inet today. we gained market share. when i think about the 47 acquisitions we did, the only one we had to do independent the price was inet, we were at institutional risk. we were losing market share and money every day and we didn't have any technology on the shelf that had proven great faith. the rest of the acquisitions were optional and we were using that to build upon further strength. david: then 2008 happened. that was stress on everybody, including you to clear the trades coming through. but there were reforms afterward and in your book, you said that jamie dimon, the head of jp morgan, called you up and not a friendly way. bob: there were some four letter words there, but i would say

fintech is really london, two cities in china, and san francisco, they are the hubs.ingapore is doing a good job trying to make sure the central bank is a platform for innovation, but the u.k. is doing its best. in terms of investment, once we get the distraction of brexit around, we can start investing. francine: what are we misunderstanding about the economy or not paying attention to? is it that her worse than the market thanks? , tradetwo possibilities uncertainty, slowdown in china is part of a synchronized slowdown and somehow you could with structural policies balance that. i think the bigger problem is the underlying trend productivity growth is very low. the demography is against us as the population is aging. because't noticed that we have been bringing our unemployment rate down steadily, but we cannot keep bringing that down forever, so our challenges are more on the supply productivity side than the demand side. that is a much harder problem for monetary, fiscal, or trade policy to deal with. tom: this has been a very unique bloomberg "surveillance." tom

after a decent earnings report but then 300 million mixed security filing, any thoughts on my speck fintechy play one span >> one span is good. you know i'm an okta fan cramer family fav okta has more staying power. that's the one you want to be in let's go to ovan in maryland ovan >> hey, jim, this is ovan from maryland i want to give you a boo-yah >> okay. >> caller: okay. here we go all right. so my stock that i'm interested, i bought it during some hard times and i believe in its model, and i'm curious with you how feel about it. the stock symbol is iipr >> yeah, i know it, and it's a pick and pan, some people say it like that. a play on gold in other words, it is a reit for cannabis and i'm going to say nothing cannabis is working, including a reit so no way, no how. ken in california, ken >> caller: hey boo-yah. >> boo-yah, ken. >> caller: thank you for taking my call. >> of course >> caller: also, thank you for your common sense approach to stock. >> thank you >> caller: my question is slack industries, work >> slack technologies i think is a very good company. i don't like these dir

vibrant banking sector >> chair woman, i know that you have been engaged with technology companies, fintechying to operate within the bounds of what keeps the consumer safe as well i wonder what the correct principle should be for that because we see a number of moves, companies trying to become national banks, we see companies parking lot ntnering r savings accounts in ways they haven't traditionally. what's the principle you use for what should happen, what should be forestalled >> when i think of innovation, i think of two things. one, it is not new we had innovation in banking sector for centuries, we should not stifle that, we should promote, find a path for innovation to make the banking system better and reach to more consumers, bringing better products and services to the general consumer base. i also think of innovation, think of what's the job of regulators in that space frankly we can be the side of no, if you bring me something new, i could easily say no, we are risk averse, not open to new ideas frankly. having said that, innovation is happening, whether we like it and whether

make it a little easier to pay your ewe dillty bills the company announcing it is partnering with a fintechg alexa. the new feature will also let users get notifications when their bills are due to and to ask questions about the amount due and how it compares to your previous bills >>> and the uaw turning its attention with fiat chrysler and ford following last week's labor deal with gm the union expected to use the gm deal as a template for those talks and will likely reach similar terms regarding wages and benefits for its workers in those negotiations >>> this morning investors will get their first chance to buy is the next stages of mankind's endeavors into outer space shares of sir richard branson's virgin galactic will officially list on the nyc today the first and only space tourism company to do so morgan brennan doing double duty this morning let's bring morgan, you'll have the longest day ever. >> yeah. it was a working weekend, too, but it's all very exciting, isn't it >> it is. >> so virgin galactic will begin directly trading later this morning at the new york stock exchange as

across all fintech eco system. jud saw in the late '90s this is where the industry was headed. and great technology it was so good, clients didn't realize all of the things going on behind the scenes investnet is a great company on behalf of all of the advisors and clients that watch the show, wish the family and the corporation the best it is very, very sad news. i wanted to take a second to recognize jud. >> i'm glad we did that. >>> let's talk about those trades shannon, tell our viewers what you've done. >> we told altria. i know there is a lot of investors that don't vest in tobacco. the overtank on the juul situation has been untenable for us we are seeing at the state level. i live in massachusetts. we have a stop on e cigarettes right now. we replaced it with kroger i don't love the consumer stapl stapl staples world. we think they really use customer customer an alityics to keep their prices low >> your big trade? >> i did i gave you guys the heads up great brands, international growth opportunities dtc opportunities. they will grow, middouble digits i think they'll co

the banking heavyweights discussed the importance of fintech during a panel hosted by the institute ofn washington. >> technology has been at the forefront of us changing things for customers and offering better, fast, quicker, cheaper. you would not have mutual funds if you did not have computers. the cost of doing business has been coming down. you get automatic services, apis, you can, buy and sell things on your phone, you can get information on money all over the world. that is competition. that is different is it is faster now. ai is real. digital is real. cloud is real. it is faster. creates new that risk. cyber risk. are these new critical infrastructures in need of a regulatory regime? >> i'm not from going to advertise -- recommend new regulatory regimes on stage. it is in everybody's interest. we will put more stuff in the cloud. we are managing more data, investing in big data, ai, machine learning, robotics, all the things you need to be. i don't know that it is regulatory framework so much as common standards. tohink that is starting come. company,t a technology but in te

yvonne: china's leading online fintech giant is more optimistic.. david:

players new fintech paypal,ipe, but uber, they were here.tarting a new division called uber money, and they are new hires.looking at "the wall street journal" did the math. jfk at $203,d to that's $11 in your pocket with the 5% uber card. someone likened it to one of the .irlines getting into cards it is ancillary to their business, so we will see how successful it is. alix: what are some of the big risks everyone is talking about? you talked about wework. what is the risk? sonali: first of all, it's valuation. i met four unicorn ceos in the last when he for hours, right? so valuations is one thing. but the other thing that is a big topic here is regulation and financial crime and monitoring how people move money digitally, -- safe it is and regulators how safe it is and how regulators get a handle on it. mind,tely on the regulators come up venture capitalists. alix: do you get the sense there needs to be some kind of consolidation in this space? sonali: that's a great question. in the last 24 hours, it came up a lot. we had investors of com

in the business community we all know in the fintech world evolving so faster, a year from now, it willup for anybody. doesn't matter who you are, including facebook. charles: absolutely right, ryan. stick with us. folks you're still watching mark zuckerberg is on your screen, on the hill. defending facebook, not just the libra cryptocurrency, so many other things. we'll have a lot of headlines out of this. stay with us. we'll give it to you. happening at at the 11:00 hour, president trump will make announcement about the conflict between turkey and the kurds in northern syria. you will see it here. ♪. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering seven things every medicare supplement should have. it's yours free just for calling the number on your screen. and when you call, a knowledgeable licensed agent-producer can answer any questions you have, and help you choose t