other things as well its official launch is planned for next year labor will be managed by the labor association facebook is a the root of all that but also $27.00 other companies on board including the credit card giants visa master card also the british telecoms giant vodafone but even before it's got going it's running into some stiff opposition from global regulators they've expressed fears over the currencies potential volatility there's still no strict plan on how the data money will be protected from germany so they'll block libor on their territories and the head of apple tim cook has also spoken out against it i really think that a currency should stay in the hands of countries i'm not comfortable with the idea of a private group setting up a competing currency a private company shouldn't be looking to gain power this way the labor association acknowledges the risk but says it's looking forward to the great changes that the new currency will bring the editor of future money trends thinks libor may prove very popular but does present dangers. the wild card with with this is that they're

through phone apps as official launch is planned for next year labor it will be managed by the labor association at its heart will be facebook but also $27.00 other companies as well including visa master card and the british telecom giant vodafone but before it's even gone live it's already running into some stiff opposition from regulators they've been expressing fears over the potential new currencies volatility there's also still no strict plan for how data or money will be protected france and germany say they will block libor on their territories also the head of apple tim cook is wary about big business muscling in with its own money. i really think there's a currency should stay in the hands of countries i'm not comfortable with the idea of a private group setting up a competing currency a private company shouldn't be looking to gain power this way the labor association of knowledge is the risks but says it's looking forward to the great changes that the new currency will bring the editor of future money trends thinks labor will prove very popular but does present dangers. the wild card

setting up a competing currency a private company shouldn't be looking to gain power this way the labor association acknowledges the risks but says it's looking forward to the great changes that the new currency will bring the editor at future money trends thinks libran may prove very popular but does present danger is. the wildcard with with this is that they're trying to reach all the a bit on bankable spiegel that don't have a big going on but definitely have a smartphone or phone in the family have the facebook app and that's where they can compete with basically. anything and everything that's the wild wild west right now because nobody is approaching the unbreakable the fact is facebook the fact that is so big at the starting point is not a startup this is going to be like mcdonald's and a new brewer on do all of their branches immediately has the potential to become a big hit and in that is the problem because this is currency does not burgers it's a big deal so. if it does move forward there's the potential for abuse they want to know everything about you what better than what you do with y

>> congressman, the labor association will have the reserve, but i understand this is an important question and this is one of the things we will be working with fsoc and other regulars to make sure we have a solution that meets their standard. >> the gentleman from ohio, mr. gonzalez, is recognized for five minutes. >> thank you, madam chair. thank you, mr. zuckerberg, for being here today for today's questions. as i've said many times in this committee i believe distributed permission list blockchain tech those have the opportunity to fundamental change the digital world in very positive ways and i actually want thiser country o lead. i believe that is an altogether different statement and different thing entirely from what libra is and what we were talking about today which i think has ay number of contradictions inherent in the project itself. when your colleague was your last he mentioned and the white paper says the goal to transition to a permission list blockchain here is that still the ambition? it seems like it might not be anymore. >> congressman, i think that that is the aspirat

news on ebay >> ebay has become the second major company in a week to drop out of facebook's labor associationk ago. it's a critical meeting of the association down to 26 members now. in a statement ebay we highly respect the vision of the libra association however they made the decision not to move forward as a founding member we're focussed on rolling out ebay's managed payment on this record we have yet to hear -- >> apologizes. let's get back to more headlines rolling out of the oval office what can you tell us >> reporter: kayla is in the oval, reporting a substantial phase one deal, i'm seeing it for the first time, will be written over the next three weeks, hope to conclude before a trip to chili. saying there are 40 to 50 billion in total ag purchases here mentioned in the oval office that's the detail we have right now. this is apparently what the president has just said as the reporters were being ushered in the room they went in about 3:36, it's 3:40 in the first two or three minutes the president has put out a couple details we'll wait for more as we get it. >> thanks so much. let'

fundamental couper of labor rights the basic principle in the international labor organization is the right of free association international labor organization is the rate of free association which would mean the right to form unions u.s. has never ratified. which would mean the right to form unions u.s. has never ratified. but i think the us may be alone among major societies in their respect but i think the us may be alone among major societies in their respect. it's considered so for out of the spectrum of american politics it literally it's considered so for out of the spectrum of american politics it literally has never been considered. her remember the leos really has never been considered. her a member the early years as a long and very violent labor history is littered with how this is a long and very violent labor history as compared with how society. but the labor movement had been very siding. with the labor movement had been very strong by the 1920 s. in the period or strong by the 1920 s. in the period not unlike today it was virtually crushed robert reich. not unlike today it was virtually crush

participated including small startups, well established tech firms, advocates, labor, merchants and neighbor associations, multiple departments and academics. the recommendations from the report are what informed the legislation for the office of emerging technology. so the office of emerging technologies is unchartered territory but we now have a holistic regulatory framework and i am confident in the process that has brought us here. as a reminder of the most examples of emerging technologies today, are mobility focus but the office of e.t. will be inclusive with the technologies beyond mobility to anywhere there's a nexus between technology and public infrastructure. whether this is the hover boards or publicly facing data collection bio metrics and the public right away anywhere that will be potentially and impact to other critical resources, for the first time they will have a clear and streamline process for approval and the office of emerging technologies will number one, act as a front door for emerging technologies companies to a central point of contact for companies. a streamline process by fa

association. yeah i don't think the future for labor looks particularly bright right now and there's a couple of reasons for that i mean consider the 2nd part of what brian armstrong said there makes sense when he says the u.s. is getting completely left behind on this that's absolutely true and that's by choice but but it's obvious that that would happen because the us having the reserve currency worldwide is in no 'd hurry to change the monetary system around the world people who are involved in crypto want to see a disruption a revolution in terms of the monetary system not just here in the united states but globally but consider the fact the 1st thing he said which was that the u.s. government has had a ridiculous stance on libra libras not at all the same as what china's trying to develop or what iran is trying to develop within israel has developed in the petro very different cases there where they are trying to form a national crypto currency that is essentially backed by their central banks libor is not that it is a fortune 500 coin essentially that's run by fortune 500 companies that wants to s

labor crisis. national restaurant association says there's 800,000 open jobs in food service today so most of the operatorss were replacing job openings. i don't think there's going to be a problem with anyone not been able to find a job. >> i want to focus on the business model, you are leasing out these machines to pizza makers, why did you choose to make that decision considering you will have to constantly update the machines and work on the maintenance for them. >> a couple of reasons, operators we sell to don't have a lot of capital for new technology and a lot of them don't own a lot of their equipment so we make a frictional sale and if the customer sends a contract with us we will train them, install the system, set them up and no upfront costs. and they will pay a monthly fee and the monthly fee is targeted to be at or less than their actual savings. they should be cash will positive from day one and makes them feel good about by new technology because otherwise it's a big risk for small business person. david: we wish you the very best. we love your spirit and it looks like you're doing great. c

international labor organization is the rate the basic principle in the international labor organization is the rate of free association or free associate issue which would mean the right if which would be union there and right us musicians us has never ratified. but i think the us may be a lone woman militaristic the us may be alone among major societies and present a special net increase but. it's considered so since 400 certain tofor of leader of the space spectrum of american politics it literally has never been considered. victory move american politics it literally has never been considered. a rumor the us has a lawn very violently. number the us has a lawn very violent labor history his. side of. history his. side. of the. had been very strong about the 920 s. but the labor movement had been very strong by the 1920 s. in the period not unlike today it was virtually crushed in a period not unlike today it was virtually crushed robert reich. a very very. robert reich. buried. by the mid series began to reconstruct. by the mid series began to reconstruct. a dozen or israel he himself. doesn't or israel he himself w

department of labor's wage and hours commission, and as associate independent counsel with ken starr. he received his law degree from northwestern university. he also worked for judge william bauer. after eric, we will hear from reed rubinstein. reid is the acting counsel at the department of education. before transitioning over to the department of education, he was -- at theociate justice department. reid was a partner at the department -- he also served as a senior vice president in charge of litigation. before that, he served as senior counsel at the environment technology and regularly -- regulatory affairs for the department of commerce. he got his graduate degree. his masters in political science, and his law degree all from the university of michigan. go wolverines. finally we will hear from roger severino. roger is the director from the office of civil rights at the u.s. department of health and human services. joining hhs, roger was my colleague here at heritage where he served as the director of the center for religious society. prior to joining heritage, roger served for r

labor organization. it is the radiator for free association. which which would mean in their right to differ from unions and us has never been unions and us has never been gratified and. that's why i think the us he was best to be alone be alone among major arsons at 98 years and never suspect that he's in that respect. it's considered so it's considered so far out of the space for carter manto's officially spectrum american comerica poet politically exit leader literally has never been interventions considering. her remember that it is the years are. long gone and a very very violently labor history is littered with. society. had been very little. has been very strong and in about 1120 years. and in the period commonly liked to good day it was virtually crushed robert reich. who was robert. reich. in retreat. by the movements if there is if you can be convinced mr. roosevelt he himself was rather sympathetic to progressive legislation or roosevelt he himself was rather sympathetic to progressive legislation that would be in the benefit of the

international labor organization is the rate the basic principle in the international labor organization is the rate of free association or free associate which would mean their right if which one would be unique in their words right here us musicians us has never ratified. but i think the us may be a lone woman maybe interesting the us may be alone among major societies and present a special net increase but. it's considered so since $400.00 search for of labor amount of spectrum of american politics it literally has never been considered. big term of american politics it literally has never been considered. remember that the us has a long and very violent labor remember that the us has a long and very violent labor history as compared with our society. our history is compared with our society.

labor organization. it is the radiator for free association. which which would mean the right right to do for form unions us has never run unions and of us has never been gratified and. that's why i think the us he was best to be a lot beyond a lot of money on major motion 98 years and never suspect that he's in that respect . it's considered so it's considered so 4 out of the spec for george amount of asli spectrum american poet politically exit leader litter. really has never been even driven consider. a rumor that has us a. long long and very very violent labor history history prepared with our political society. but the liverpool movement had been very strong but the labor movement had been very strong and then about into the $2820.00 s. . and in the period. unlike today it was virtually crashed back by every strike but i actually i think he was reversal of crest back by birth by crime as i think enwrapped west bank they carried on it. although i was married i just didn't trust respect to the date because i don't want to thank the adult. ra

labor shortages in mexico and maybe a knee. speaking to one of mexico's business corporations, associations also understand the need to do better to match where they might have labor shortages to needs. the mexican government has more minimal programs in southern mexico which is a very small program to start providing economic or employment opportunities for central american migrants. we've not seen that at all on a mass scale get. just to comment on what can be done here and was happen with the united states. congress has been for the best backstop to the administrations worst intentions terms of flushing all aid to cental america. assistance doesn't have been working to look at climate change adaptability, to rule of law programs to evidence-based violence prevention programs to good governance. we think there's a need to do a period congress at work to make sure next year you can't -- their working to try to not allow that to happen again for eight not to be cut and that's what area with u.s. congress continues to really push on the need to support central america, albany to support anticorruption efforts. it's pushing membe

association legal. what are the ways in which you can bring labor to the table. be the keeper of the keys one suggestion in the book is let unions be the place where somebody has work identity that is held. how do i verify this person if you're registered with the guild and you can say i'm with this organization. the business when they are neck and had to waste their time on that. and the union arguably wins. it mentions it's the social organization of the workers. they have very simple else sourcing. they make multimillion dollar salary. how do we value work in the face of ghost work. >> you would have to be a real jerk to say i combust everything on my own. and so in those moments for that manager when they are able to ask for sunday's help. when i ask for someone to help me with a range of things i cannot manage myself. in what world does that mean that there are people helping me out and they are just peripheral. they're not that important. so in many ways how do we recognize them serving us. the biggest challenge in front of us is that we have not learned. t

association opposed this law. saying it will negatively impact working families especially families that work in the service industry. or laborers. sfwl. >>> thank you. famously crooked street is still free to drive on. for now. over the weekend the governor vetoed a bill that would have t driver up to $10 teet. the bill was designed to limit t on the street. today several residents told us they support the veto. they didn't think it would work. >> the only thing that works is the normal flow of things. it will be longer lines. less people will come. and maybe eventually somebody will straighten this street out and make it a street from the way it used to be. >> of course it's a hassle. i don't know what the toll would have done. besides cause more stops at the beginning. getting money from people. >> he hopes to hear from residents about other ideas to reduce the problems that come with the tourist traffic and locals. and wants to sit down with the governor to find a solution. >> less than a year away from having to get real id. now is the best time to do it. you must have a real id by october 1 of next year. they government to

framework, we haven't moved to a place that we say make associations legal, make organizing legal and what are the ways in which you can bring labor to the table to be the facilitator of those connections. these are keeper of the keys, let unions be the place where someone's work or identity is held. one of the biggest challenges in these markets is how to verify this person is in scamming me? if you are registered with your guild and you can say i'm with this organization so they got my identity and can verify the business winds, the worker wins, they are not having their privacy invaded and the union arguably wins because it just refreshed its relevancy to the next generation of workers. >> my question is related to this. the book mentions social organization on east coast workers and it really enables very simple outsourcing of complex tasks like managers who make multimillion dollar salaries and not do anything like a bunch of examples. that is a huge problem. i was wondering how do we value work in the face of ghost work? >> that is the heart of the problem. you have to be a real jerk to say i accomplished everything on my ow

because he's -- you know, i'm sort of associated with the left side of the spectrum, so there's my point. here's an inflation analyst arguing that the tight labor market poses less risk today and policy makers can exploit the disinflationary expects to run the labor market hot as long as expectations stay anchored. that's really important and the key to my presentation. here is some new work that i just released this morning on my blog with keith bentley. it's going to become a full paper for the unemployment project. this gets to the benefits of full employment in ways that you probably haven't seen before. we look at all the different quintiles. but what this shows is the blue line is the employment rate. it's very cyclical. these folks are very responsive to the cycle in terms of their labor supply crossing the extensive margin. and the prediction uses the unemployment rate to predict the line. at some point you're saying one cyclical variable predicts another cyclical variable. quintile. what i have on the right, i'm just going to focus on the circled numbers. we look at the share working in the bottom quintile. looking at the 1990s because

california teachers association says the statewide start time change is a bad move because it could have a disproportionately negative impact on working families, particularly laborers and service industry employees who don't hav a long commute she would still be forced to drop off her son before 8:00. other parents say the change is long overdue. >> i can see it's going to be causing conflicts with sports and fitting everything in, but i think kids need more sleep in order to perform well. >> reporter: the chemistry teachers welcomes the new start time. >> student engagement, student alertness, their ability to concentrate in the morning. >> reporter: the principal of willow glen middle school says there could be other advantages. >> students that do get breakfast will have the access to do that with less pressure. >> reporter: new times will be implemented by the beginning of the 2022-23 school clear. marianne favro, nbc bay area news. >>> governor newsom signing roa. this allows drivers who hit animals to take the animal home. the driver must apply for a free wild life salvage permit. you're not allowed to do it on interstates. >>> are you interested in a raise?

very strong you know, you mention the labor market's tight wages are up and what we see in our business and when we talk to consumers is, look, they want to be associated with companies that have a purpose they want to be associated with companies that are consistent with their values. and, you know, chipotle is nicely positioned for that and we continue to see a really healthy customer and a really healthy consumer going forward. >> all right 11% comps kind of speak for themselves brian, thanks very much. >> thank you. >> brian niccols ceo of chipotle. kate rogers on that story for us brian will be back with us next month with the summit in los angeles joined by the ceos of walmart, activision, blizzard, and more now, here's what else is coming up today on "the exchange. mark zuckerberg on the hill as the stock continues to suffer, is today's hearing moving the needing in the company's efforts to gain capitol hill's trust plus one oll smostees followed apple analysts say stock could rally another -- and what earnings are telling us about the shift from momentum to value. we're back in two. >> this is "the exchange" on cnbc - [spokesman] if you've trie

associated with this. and when those analyses are often done, a lot of the focus is on the individual, you know, what it means in terms of paying for treatment, healthcare implications, labor markets, but it is also important if we are thinking about the costs of opioid use disorder or any kind of substance use disorder, beginning to think more about how it affects families, how it affects those individuals, the stress it imposes upon them, what it means for family structure. that's been a lot hard tore calculate. -- harder to calculate. whatever number you see is probably too low. that's something we are focusing on right now, trying to get a better handle on which this actually means not only in terms of the costs to the individuals and employers but what it also means for their families and other loved ones. >> i've heard from doctors and veterinarians and human doctors saying there's a shortage now for fentanyl and having a hard time finding enough to give to their patients for pain management. and we know it is on the streets. it seems like the government is making it harder and manufacturers are cutting back from making it because they are afraid it will make it on t

associated with vaping on the same day, virginia also confirmed the death. statement saddened to announce the first death of a virginia resident related to bo described as adults labor's improve the taste in mask, the harshness of tobacco products. >>now democratic congresswoman lauren underwood who co-sponsored the reversing the youth tobacco epidemic act is ramping up the bipartisan call to ban flavored tobacco in toe cigarette products given the fda. >>complete failure to effectively regulate these products, a at. >>now before it's too late i read in reporting. and here's a quick live look outside as we take a brief break here at 9.38 a live look at that bay bridge approach this direction heading into san francisco's moving along just as you would expect it's the opposite direction from san francisco to oakland across the lower deck. that's where we have our major hot spot this morning with the multiple lanes blocked remu going to have more from robin in just a come try my really big chicken sandwich combo with two patties for $4.99, or three for $5.99, or four for $6.99. that's an amazing deal, jack! hey, thanks, stanley. ow. ...wait, what's happening? stanley! yo

healthy baby or going into premature labor and possibly severely premature baby, which is what i was at risk of. just thinking about all of the costs and complications associated with that, or even having a miscarriage. the bottom line is that women should never have to make the choice between ignoring a doctor's orders or keeping a job. sadly, it is low income families that are most vulnerable when these simple protections don't exist. that is why the pregnant workers fair makes -- workers fairness act is so important. in nevada, where over 64% of women are the primary or co-breadwinners, these women are more likely to work low-wage jobs. and women in. nevada is more likely to work a low-wage job than a man. when she is forced to leave her job because she didn't receive reasonable accommodations at work, it is their families that are forced to live without health insurance or income during a time when they need it the most, as ms. durham explained. the current legal loopholes have already been highlighted here today, and it is clear that working mothers and businesses need the clarity to ensure that pregnant women can be accommodated. simple,commodations are

spoke to the national association of business economics in denver, he did nothing to confirm that, nor did he refute it. .is speech was big picture how do you measure the tightness of laborut u.s. productivity? is it sagging as bad as we thought? at the end he talked about data. first, he thought -- he talked about wages are rising, the strong economy. and next, he said, however, the global risks are rising. you can think of the trade war and brexit and all those things he is worried about. door iss open -- the open and he didn't slam it shut. in the end, i think a lot of people figure this is jay powell's way of saying this could happen again. let's listen. >> looking ahead, policy is not on a preset course. the next meeting is several weeks away and we will monitor incoming information. dependent,data assessing the outlook and risks to the outlook on a meeting by meeting basis, taking all of that into account, we will act as appropriate. probably won't be any big numbers between now and the meeting on october 30 that will change the economic outlook materially. one important thing if you are anybody in u.s. money markets, they are going to start buying bonds again soon

because he's -- you know, i'm sort of associated with the left side of the spectrum, so there's my point. here's an inflation analyst arguing that the tight labor market poses less risk today and policy makers can exploit the disinflationary expects to run the labor market hot as long as expectations stay anchored. that's really important and the key to my presentation. here is some new work that i just released this morning on my blog with keith bentley. it's going to become a full paper for the unemployment project. this gets to the benefits of full employment in ways that you probably haven't seen before. we look at all the different qui kwi quintiles. but what this shows is the blue line is the employment rate. it's very cyclical. these folks are very responsive to the cycle in terms of their labor supply crossing the extensive margin. and the protection theediction unemployment rate to predict the line. at some point you're saying one cyclical variable predicts another cyclical what i have on the right, i'm just going to focus on the circled numbers. we look at the share working in the bottom quintile. looking at the 1990s because it was s

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