mchenry: is at a problem -- said so explicitly. rep. mchenry: is any problem we don't have a regulatory regime for these companies in the united states? chair powell: that is a question of whether we are impeding blockchain. i don't believe so. i don't know the answer to that. rep. mchenry: there's an opportunity here for financial inclusion and innovation benefits if this worked well, is there not? chair powell: there is that possibility, and that is the main benefit the company is holding out. i also mentioned that we are open to financial innovation. we just want it to take place in a safe and sound way. rep. mchenry: thank you. rep. waters: the gentlewoman from new york, ms. maloney, is now recognized for five minutes. >> thank you. in june, the fed decided not to cut interest rates and to take a wait-and-see approach instead. in your press conference, you said this approach was justified because, "we will see a lot more on all of these issues in the very near term." last week we got the job numbers for june, and they were very stro

mchenry: thank you. i asked myself how much of this is because it is facebook and how much is because it is cryptocurrency? a lot of it seemed to do with facebook. do we trust the company? , 10%mchenry: 90% facebook the nature of digital currency and blockchain. the fact is the technology is here. now we have large corporate trying to engage in the development of a new digital asset and an additional currency and an additional payment platform. i think what we have seen now is a knee-jerk reaction based off ,f the fact that it is facebook without deeply understanding the technology that underlies this new project libra or the broad understanding of digital assets and digital currencies. we heard mr. marcus from facebook say we understand we have a trust problem and we will do whatever we need to do to remedy that. what can they do for you to say i now trust facebook? rep. mchenry: my view is they have a consortium and a new group to develop this technology. coin,s were just facebook they knew they would

. >> thank you very much, chairman clay and ranking member mchenry. thank you to the other members of the committee. thank you for the opportunity to participate in this hearing and examine facebook's proposed global currency, the libra. i'm a professor at a law school where i have taught for the past 18 years, mostly in the field of corporate law and finance, comparative law, and law and development. i'm also the director of the law school's center on global legal transformation. based on my own research, an analysis of the libra white paper and related documents that have been released so far and a close reading of other comments and analysis of libra, i have come to the following conclusion. facebook's libra is designed to become a new global currency that will complement existing currencies. it is designed as a for profit currency of currencies. the libra white paper promises to create a global safe and inclusive payment system based on modern digital technology. libra is labelled a stable coin and as such aims at delivering low volatility and hig

rich mchenry. [laughter] >> is it? yes!new my coworkers. >> i love the way you eliminate -- by the way, number 11 has nothing to do with stranger things but it has to do with -. abby: bummer. >> you got yourself another time hits. how about this? maybe we can get a smaller sense of confidence because -- brutally difficult question. time to break your spirit and reduce you to tears. enjoy your question. abby: very kind of you. >> pre- question. worth note tom had this is to judge or competence. what is the name of jimmy fallon's barbershop quartet of which i've been a member for many years? abby: you been a member of that? i don't get -- do i get a choice? >> welcome the -- there called the ragtime gals. here's the question. which of the following song did the ragtime gals not perform on the tonight show? they performed two out of the songs and one they never performed on the tonight show starring jimmy fallon. do with you what with my body but baby got back, sex you up as and i want to sex you up. abby: i need to get contex

you know, his reference to airports and fort mchenry.id it was raining and the tell prompter went out. the president said he's going to see a spike in military enlistment and interest in enlisting in the military as a result of this. he even said the media loved it. the president, obviously, is going to tout this to the heavens regardless of what everybody saw. but he said he knew the speech very well. he didn't need the tell prompter, something he mocked his predecessor for using time and time again. the rain made it hard to see and that's why he had that flub. but in the president's view, of course, that's not going to get in the way of lauding the july 4th celebration that the military hardware display he desperately wanted ever since seeing it on display in france. >> thank you. >>> he didn't need the tell prompter because he knew the speech so well and yet made the mistakes. i was struck as he was talking about this event yesterday. clearly it was because of his ego and wanting to do this. he had the economic motivation for it sayin

the crash killed sellers and his packager matthew mchenry. the loss devastated those close with sellers. >> we went from such a joyful and happy celebration of graduation just a couple of days before he passed, so i think that makes it even more intense and sad for all of us because we were all so excited about our futures. >> sellers was supposed to start a care fellowship at uc davis on monday. his memorial starts at 6:00 tonight. >>> an overturned big rig created a rough start for the overnight commute backing up traffic in san ramon for miles. it blocked all northbound lanes to canyon road. it appears the big rig skid off the freeway and on to that ramp. >>> a burglary in progress at a convenience store at highway 17. take a look at the surveillance video here. this man tries to cover his face with his shirt. you see him right there while he picks out some liquor. it all happened early yesterday morning at the summit store. the store owner says three men were involved. he says the men stole $4,000 worth of alcohol and other products. if y

and the ramparts it took over the airport shifted everything good that you do that is fort mchenry under the rockets red glare that had nothing but the extreme cold calm to savage me took over that you have pushed you and the battle belly full of more than 120 years before the 1st half life. i'm glad president from finally points out that our control of the airplane was key to success during there are only a few stories have been ignoring to send the few for such . democrats in parts of the media have slammed the appearance of military hardware in the capital. of militarizing the event and using it for political gain ahead of next year's election. we're going to have planes going over it the best fighter jets in the world and other planes to. have some time stationed outside. the. q 11. q. to make it into work seems to be current for a combination trump railway. storrow a military parade a rope hardware and of course but it's just obscene. c.n.n. has learned that some military chiefs have expressed reservations about politicizing the july 4th celebration concerned about the tanks and arm

fort mchenry under the rockets red glare and nothing but the extreme cold constant static on the tip over that you have for sure and the battle really feels more than 100 to 20 years before the 1st chance like. that brings it in from finally feeling that control of the airplane was key to success during the ceremony feel stories have been ignored he's listened. to the. democrats and parts of the media have slammed the appearance of military hardware in the capital accusing donald trump of militarizing the event and using it for political gain ahead of next year's election. we're going to have planes going over it the best fighter jets in the world and other planes to. have some time stationed outside a q q to make it into the more it seems to be harder for a combination of trump railway. starry old military parade or pro forward of course but it's just to see beauty and has learned that some military chiefs have expressed reservations about politicizing the july 4th celebration concerned about the tanks and armored vehicles on displaying. the teachers. want to. keep the peace. that's

mchenry, is recognized for five minutes. >> mr. marcus, i've read your white paper. understand the nature of digital currency and digital technology. what is a libra? >> congressman, libra's a digital currency, a reserve-backed digital currency. >> is that a security? >> we don't believe it is, congressman. >> is it a commodity? >> congressman, based on current u.s. law, i believe it might be a commodity, but we see it as a payment tool. >> is it an exchange-traded fund? >> it is not, congressman. >> okay. so when you say that -- so it's none of the above if any pure form. like other digital currencies, correct? >> congressman, it is designed to be a payment tool. >> a payment tool. okay. so if it's none of the above in our current regulatory structure, what i'm really getting at is how do you comply with regulations? >> congressman, the way that we comply with regulations is in a number of ways. first, as far as the calibra wallet is concerned, it's registered as a money services business with treasury and with fincen, it will operate the same way other wallets oper

thank chairwoman waters for her effort and ranking member mchenry. this was a true bipartisan effort from the committee, and everyone came together, worked together to get to this important point, a huge bipartisan, bicameral win coming for our nation's veterans. i urge adoption of this important bipartisan bill, and i yield back. the speaker pro tempore: members are reminded to refrain from referencing occupants in the gallery. the gentleman from new york reserves -- i mean -- yields the balance of his time. the gentleman from kentucky reserves the balance of his time. the gentlewoman from california is recognized. ms. waters: thank you very much, mr. speaker. i would inquire through the chair if my colleague has any remaining speakers on his side. mr. barr: we're prepared to close. ms. waters: i have no further speakers, and i'm prepared to close. the speaker pro tempore: the gentlewoman from california reserves the balance of her time. the gentleman from kentucky. the gentlewoman is reserving her time. the gentleman from kentucky is recognized. mr

our army manned the the ramparts, took over the airports, did whatever it had to do, and at fort mchenrylare, it had nothing but victory. when dawn came, the star-spangled banner waived defiant.- waved antietam and gettysburg, our soldiers gave the last full measure of devotion for the true unity of our nation and the freedom of all americans. in the trenches of world war i, an army sergeant named alvin york faced an inferno of enemy fire and refused to retreat. i won't i won't leave, stop. he shot his rifle 18 times, killing 18 of the enemy. when they fixed they and its and charged, he killed -- fixed bayonets and charged, he killed seven more. the germans surrendered because of alvin york. a generation later, the army returned to europe and embarked crusade with knives and rifles in hand. the rangers scaled the cliffs of normandy, the 101st airborne danger fromhe above, illuminated only by enemy flares, explosion and burning aircraft, they drew back the nazi empire with lightning of their own from the turrets of sherman tanks and the barrels of m-1 rifle. in the darkness of the battle

trish: welcome back could time for light min confidence -- lightning round, brit mchenry joining me,roversial ad, a controversial guy, colin kaepernick. an emmy award for ou outstanding commercial. >> it is confounding to me, he has not laid in nfl there are 3 years, he does not speak on these issues, he got a large settlement around 10 million, he is a hero for the left. i don't understand the fascination with him, i think some other people in the commercial serena williams lost in wimbledon final, asked, is there a point you should focus more on tennis as opposed to actisactivism. trish: i think he is better known for his political activism than any actual athleticism. >> yes. at one time he was a mobile quarterback, he is not on that stage any more. i wish he would put his money where his mouth is, creates more of a martyr figure, he gets emmys and cover attention. trish: creator of facebook page calls for a public invasion of area 51. that facebook page. he come forward said, guess what, it was a joke. just kidding. the events gathered million plus people. creator is worried beca

tomorrow night spicy, sean spicer, brit mchenry, peter suderman. i will be on tomorrow.you good night. lou: good evening capitol hill was to be a political battle groibattleground today, pittingd who lead witch-hunt again the president who worked tire leasel leslie to make -- tirelessly to make america great. it was no contest. the party of hate could only watch as former special counsel robert mueller came undone. just like his almost two year long investigation, that ended with president's vindication. despite the dimms hate the trump economy is great. the economy roars, market to

liz: let's bring in for his reaction, republican patrick mchenry.have think americans 18 months from now will think about it? >> i think today was a defeat for the forces of impeachment. it was a victory for rule of law and elections having consequences. it's a victory for donald trump. the reaction you hear from the presidential candidates is because they are trying to get their own traction. they can't run on the economy because the economy is strong. they can't run on insecurity because of national security decisions of this administration. so they have to run as far to the left and trying to create whatever controversy possible through whatever sound bite or tweet they can get. it's a theater of the absurd with the presidential side in the democrats' fight. liz: a lot of time spent on mueller. not as much time spent on the debt, the border. healthcare. democrats may be pushing impeachment now, sir. but trump has the economy. the latest fox news poll show the majority approve of his work on the economy and say it's in excellent or good condition.

joining us now is ranking member congressman patrick mchenry.a great name i well up with pride patrick mchenry. >> every time you have this poor man on. >> he can't help it. it's not his real name. >> my parents had a sense of humor, let's say that. >> yeah. summarizing where you stand on this, congressman, that the fed obviously needs to be independent. if you had - >> yes. >> if you -- god help us all, they control too much already, right? but -- >> i agree. >> but i think you also point out that presidents one way or another maybe not to this extent but one way or another they always tried to mass sam or get what they wanted from the federal reserve to try to get on the same page is that fair to say? >> that's fair to say. the fdr interactions with the then fed structure is well documented every president since the creation of the federal reserve has privately expressed concerns with fed policy. and president trump has publicly expressed with every previous -- what every previous president that's had a federal reserve has said so the fact tha

tomorrow night spicy, sean spicer, brit mchenry, peter suderman. i will be on tomorrow.t we're doing. i'm real excited. careful, you'll smear my lipstick. (laughter) (lively music) good evening, sir. ♪ (laughter) my goodness. ♪ millions of people are demanding my return to the screen. -what's so funny? -we are. (tarzan yell) (applause) why the hell don't the two of you go on home and let me watch my tv? (goofy laugh) (tim) mrs. wiggins? hello? goodnight, thank you. (applause) well, hello. i'm carol burnett,

mchenry under the rocket's red glare had nothing but victory.> at shiloh, and gettiys burg they gave devotion and all for the freedom of all americans. in the trench of world war ii an army sergeant alvein york faced an inferno of enemy fire and refused to retreat. he said i won't leave. i won't stop. he shot his rifle 1 times killing 18 of the enemy. when they fixed bayen et cetera and charged. he charged. the entire battalion surrendered because of york. a generation later the army returned to europe and embarked on a crusade. the rangers scaled the cliffs of normandy, the 101st airborne leapt in the danger from above. illuminated only by enemy flairs, explosions and burning aircraft. they threw back the nazi empire with lightning of their own from the barrels of the m-1 rifle. in the darkness of the battle of the bulge with nazis on every side one soldier is reported to have said, they've got us surrounded again, the poor bastards. [ applause ] outnumbered american warriors fought through the bunkers of pork chop hill and held the line of civ

host of unpc, brit brit mchenry, along with jimmy fa jimmy falah. and peter suderman. suderman the computer man. you think this shuts door on impeachment? >> i think it does, i think this is in some ways what nancy pelosi wanted, if there was a winner out of yesterday's hearing it was nancy pelosi, she has been saying let's not run on impeachment or russia gate let's run on healthcare. it worked in 2018, there were reports that came out at end of hearing that said jerry nadler said, up we'r -- we're doing an impeachment, and nancy pelosi was like, honey, no. >> do you have the gavel, you are speaker of the house. jerry. no but i'm going to hide the gavel from you, it will be very uncomfortable. you think it was elder abuse. >> yes. more mueller, he looked like a cat getting a bath. he was furious, he was uncomfortable. >> they ruined his life. >> they did. he it not want to be there i think that is why he pay them back. >> he did something that i thought was smart, everyone gave him a hard time for it he asked everyone to repeat the question. >> running the clock. kenn

spicer, brit mchenry, peter suderman. i will be on tomorrow. love you good night. lou: good evening capitol hill was to be a political battle groibattleground today, pittingd who lead witch-hunt again the president who worked tire leasel leslie to make -- tirelessly to make america great. it was no contest. the party of hate could only watch as former special counsel robert mueller came undone. just like his almost two year long investigation, that ended with president's vindication. despite the dimms hate the trump economy is great. the economy roars, market to bees to soar. nasdaq -- market continues to soar, nasdaq closing in record territory for 118 time, s&p 500 hitting a record close for 101 time since election day, 2016, been almost two decades since americans fell this good about the economy. on capitol hill, robert mueller, times was confused often bewildered, he ignored questions on steele dossier claimed he knew nothing on gps, we turn to catherine herridge in washington. reporter: 5 hour hearing was dramatic, and at times unpredict able. there was somet

example, all schoolchildren learn the story is how francis scott key's watched to the night to see if mchenry would fall under the intense british bombardment. to which it was being subjected. when he saw the flag still flying in the morning, he knew that an important battle had not been lost. and expressed this moment of hope and the triumph of faith in words that became our national anthem. the stories or images of the reverend martin luther king jr. giving his i have a dream speech. or of the american flag being raised of iwo jima, or rosa parks refusing to move to a seat at the back of the bus. they are all moments are images that help define who we are. moments that exemplify our best and highest values. and thus are potent symbols. the narrative of the stonewall uprising is a very powerful story for a number of reasons. it seemed to come out of nowhere. and was totally unexpected. it was a spontaneous event. totally unplanned and undirected. and it happened in a cd club, one run by the mafia. and those that first turned against the police were primarily effeminate boys who lived on the

mchenry, is recognized for five hins. >> i want to keep this simple. mr.aper. i understand the nature of digital currency and digital technology what is a libra? >> congressman, libra is a digital currency, a reserve-backed digital currency. >> is that a security? >> we don't believe it is, congressman. >> is it a commodity >> congressman, based on current u.s. law, i believe it might be a commodity, but we see it as a payment tool. >> is it an exchange traded fund >> it is not. >> okay. so when you say that -- so it's none of the above in any pure form like other digital currencies, correct? >> congressman, it is designed to be a payment tool. >> a payment tool. okay so if it's none of the above ind our current regulatory structure, what i'm getting at is how do you comply with regulations? >> congressman, the way that we comply with regulations is in a number of ways first, as far as the ka lgcalibt is concerned it is registered. it is applying and has received a number of state lances and will operate the same way that other wallets operate. >> that's c

tomorrow sit down with james mchenry. let me ask you this. if you look at it, if you have 100 people, 80 percent are going to be rejected. the ones that are released, three or four years. they get a court hearing. 44 percent of them do not show up. 44 percent do not show. then, on top of that, i know it is going to be millions next week. the resources are not there. you know there over 1 million final deportation orders that are just there. they have to work on the criminals and you keep adding the final deportation orders done here. over 1 million cases. there is below, since to address this issue. we have to use common sense instead of political strategy.>> i am terribly sorry but we have actually run out of time. people need to imbibe caffeine at one point. you have both been incredibly stimulated. you have given us a master class. it may sound like a platitude but i have to say the border in this case and this event brings people together. we need a lot more of that. thank you very much for being with us. we hope to see you soon.

. >>> coming up, united ceo munoz is up after the break and patrick mchenry on today's hearing on thera and cryptocurrcienes "squawk box" will be right back. >>> united airlines cruising in the latest earnings report we'll hear from ceo oscar munoz. >>> time to buy or sell netflix? we debate for the streaming giant now that two of the highest profile shows are jumping ship. >>> and why is the government so nervous about facebook's digital currency play? a second day of hearings on the company's libra project about to begin. we'll ask a top lawmaker what he wants to hear from facebook as the final hour of "squawk box" begins right now ♪ >>> live from the most powerful city in the world, new york, this is "squawk box. >> good morning, welcome back to "squawk box" here on cnbc. live from the nasdaq market site in times square. i'm joe kernen becky quick and andrew ross sorkin and our guest host is kevin o'leary, you're the host on "shark tank"? >> yeah. i'm an investor on "shark tank." i put my own money in harm's way. >> how many things -- you come in here with some of the whackiest stu

the alameda county coroner identified the two men is 35- year-old matthew mchenry of dublin and 29-year-oldthan sellers of walnut creek. investigators have not said whether drugs or alcohol played a role in the crash. >>> chp is out on this fourth of july for the peak of the holiday maximum enforcement period. officers are on the lookout for drunk driving and other dangerous behavior on california roads. the chp is also teaming up with the nevada highway patrol for the i 80 challenge. they are cracking down on speeders along interstate 80 from san francisco to the nevada state line. the maximum enforcement period ends at midnight on sunday. >>> a powerful earthquake shakes southern california. the damage assessment tonight and the state of emergency that is now in effect. >>> we have been tracking the fog pushing into the bay this evening. what that means for your friday forecast coming up.>>> president trump salute to america. the elaborate display of military might amid a severe storm.>>> this is fred. he's dancing like nobody's watching. and because all of the devices on fred's wifi netw

the alameda county corners identified the two men as 35- year-old matthew mchenry of dublin and 29-year-old ethan sellers of walnut creek. investigators have not said whether drugs or alcohol may have played a role in the crash. >>> in milpitas, a driver was arrested on suspicion of dui after's crashing into a powerful early this morning pick it up to row 1:30 on calaveras road near vista ranch road. police say the driver, andrew mireles, remained at the scene and was not hurt. the crash caused a power outage in the area which took pg&e crews several hours to fix. >>> we are learning new information about a man accused of multiplethe north bay. nevada police released a sketch of one of the suspects accused of robbing two women and a teenaged girl in separate incidences last week. investigators say the men were armed with handguns when they stole cell phones and wallets from the women on friday afternoon near seventh street and marion avenue. two days earlier, police say the man stole a cell phone from a teenager near cambridge and buchanan streets. police say the two crimes could be linked.

it runs there wednesday at the mchenry convention center. >>> popular oakland pub has served its last brunt becoming the latest victim of the bay area tough business environment. hobbs apothecary was one of the first food felt restaurant to open in oakland district. the beers were local and prices were reasonable. despite a loyal customer base, hogs had to call it quits. with hard to cope with the rising rent and rising wages. the owners said the minimum wage has increased by 85 percent since he who opened the pub six years ago. >> it is a huge impact at this is why everyone is shifting to this other concept. just cannot make money doing a >> t owner says his immediate plans are to sleep for a while and then probably get back into the restaurant business, although he admits that his next venture may not be california. >>> we have a couple of brushfires burning in the east bay. we are hearing about one in concord, and keeping an eye on the aftermath of a five acre fire that blew up along the altamont pass. the latest on both his next. >>> police say the driver of a speeding tesla hit a

the fort mchenry. it is an incredible community and to hear the president of the united states talk that way about our city, it hurts. it hurts a great deal but congressman comings knows he's done a great job representing the people of baltimore in the congress of the united states, and he understands that the president's agenda isn't really about congressman cummings or baltimore but his attempt to district the american people from the proper oversight of the congress of the united states. >> that's what you think this? you think this is an effort to district? distract. >> i think it's an effort to distract. i also think as senator said, it's a pattern which the president appeals to the worst of america and to racism in an effort to try to bolster his base. it's unacceptable from anyone but particularly the president of the united states. >> senator van holland, the language the president uses, the infestation language, is language he's used before has been pointed out and there is i mean, i know you'

mchenry, for five minutes for an opening statement.eyond theere to go headlines, here to sift through the speculation and the hearsay. one of my favorite headlines is -- is facebook forming a crypto members the foundation boost each other's businesses? washington must go beyond the hype to make sure it's not the place where innovation goes to die. just because we may not fully understand a new technology proposal does not mean that we should immediately call for its prohibition. especially when the proposal is just that, a proposal. but let's face it, let's be honest, it's facebook. .nd i'm skeptical but we can either make you a political talking point or we can choose to conduct thoughtful governmental oversight. day,s my hope for this thoughtful governmental oversight. the reality is, whether facebook is involved or not, changes here. digital currencies exist. israel.ain technology and facebook's entry into this new world is just confirmation. albeit scale. knock on moto, author of the bitcoin white paper envisioned and that others a

mchenry, i know the victims families have been in court watching every day. what was some of the reaction when they listened to today's testimony? >> some of them were shaking their heads. they are reserving comment until after the cross- examination by the d.a. but a lot of questions today, julie, were a lot of introductory material, how did you find your art, and they are trying to paint a picture of him as 100% artist, someone who was just trying to get his art collection together and the tragedy happen so a very unique question for the jury, is almena legally responsible >> henry, thank you. >>> east bay congress, eric swalwell is ending his campaign for president after just 3 months. swalwell had made a passionate argument for gun control at the last debate. ktvu's rob roth tells us that swalwell could not gain traction in the polls among the crowded field of democrats. >> today ends our presidential campaign. >> reporter: it was perhaps the longshot of longshots for east bay congressman, eric swalwell to win the democratic presidential nomination. but g

it runs through wednesday at the mchenry convention center. >>> fire crews in portugal battling the firstor wildfire of the season. officials say about 20 people are hurt including eight firefighters. nearly 1800 firefighters are struggling to contain the flames. it is burning near dozens of villages in the central reason the fire first started saturday. >>> eight people are hurt after a lightning >> florida beat. one bolt directly hit a man in his 40s, sending him into cardiac arrest, and leaving him into critical condition. this is what the beach looks like yesterday afternoon before storms rolled in. firefighters say the lighting >>> near a restaurant. witnesses reported seeing the people either falling or being thrown when the lighting >>>. >> we hoped he was going to make it. his girlfriend was right next to him on the floor and she was completely traumatized. i was just hoping he would make it. >> of the eight people injured, five were taken to the hospital. the three others refused treatment. firefighters say this should be a reminder to take cover during thunderstorms. >> the moon

that will run through wednesday and this entire exhibit and expo will be happening at the mchenry convention center. >>> well a small, but hearty band of california riders are drying out the hottest of the year still growing food without sprinkling a drop of water. it's an age-old technique that requires careful planning. what it doesn't require though is irrigation. kpix 5 len ramirez shows us the surprising good results. >> well you take one look at these green crops and find it hard to believe this is all done with the zero irrigation. no water hoses, no drip lines, in fact, the only water that these crops have ever received is what came down as rain. and that was months ago. farmer jim leap does not have to dig deep to find on this warm and dry july day. there is just enough moisture saved from the soil of the late spring rain to keep them green and growing. >> and that has nowhere to go. >> reporter: run his four-acre school road farm using an ancient farming technique that's almost completely unheard of anymore in california. it faing. >> we don't irrigate at all. >> zero? >> zero. >>

mchenry. >> chairman powell, in your testimony you said you will use macroeconomic data to inform yourision whether lower interest rates are required at the end of the month or not. what specific data would likely lead to your recommended ago change in rates? >> between now and the end of the month there is data coming in on almost everything. you will have labor market data. you will have second quarter gdp. you will have retail sales you will have a broad range of data coming over the next three weeks and we will be looking at all of that. i wouldn't point to one data point or even any, you know, period we try to look over longer periods of time and assess what's really going on at a more fundamental level. that's what we'll do as we evaluate the incoming data. >> and there is also an understanding of the market assumption of what the federal reserve open markets committee will do as well, is there not? >> there is. so we look at a broad range of financial conditions we don't focus on any one thing. but our policy works through financial conditions so we'll look at a broad range of t

mchenry, which is where the star spangled banner was written, our national anthem.ident, it is not only divisive, he knows there's an element in america today that this appeal to racial divisiveness, racial language is successful. it was successful to a degree with george wallace, around this country, when we do this we don't unify together as a country and it puts african-americans, latinos, muslims, any group that you can see as not white christian and probably male, creates an incredible battle line in our country. to me it's dangerous to our democracy. >> what kind of campaign are we looking at? >> not a campaign that will be significantly different than the one we saw four years ago. i think that -- everyone has their uniforms on. you showed earlier the reaction to the mueller testimony. basically, most of the country -- almost half of the country wasn't moved by it. i think the structure of the political climate right now is, people have their uniforms on and if they see something that their team does they like it. if the other team does it, they don't. i thin

we have congressman mchenry who is very focused on these topics. think it is too early to say whether new regulation will be applied. i think we'll see the formation of a committee to focus on the issue of cryptocurrencies and possibly a separate -- pardon, a subcommittee or special group to focus on the issue of libra which is distinct and separate i do think for lawmakers though american competitiveness is a primary concern and, again, there's a reason the libra association chose to go to switzerland. it is regulatory clarity and easier sort of process in terms of doing something innovative, and they want that to happen here in america. so i'm cautiously optimistic but, you know, ten years into this i think a lot of us are still waiting for clarity. but i'm hopeful that today's efforts helped push things forward and that it created some of the much-needed political momentum to get it going. >> meltem demirors of coin share. thank you for joining us. >> thank you. >> i think she is very optimistic. >> more optimistic than me listen, i will tell yo

george washington after liberating the airport at fort mchenry.urth of july blooper touting the continental army success. >> it took over the airports -- >> reporter: airports in 1776. the president blamed the rain soaked tell prompter. >> right in the middle of the sentence it went out. >> reporter: inspiring sidney blumenthal to impose the war quiz with questions like did george washington shuttle airline go bankrupt before or after he captured laguardia? cute. g gee nimknee >>> july fourth baby surprising his mom our executive producer s suzy and dad dave. look at his big brother nolan. this is a proud little guy beaming with joy. he is as proud as can be, nickelous lee, lee is his middle name means gift in chinese and he's a true gift to that family and to suzy, just wonderful and adorable and congratulations to the whole family. enjoy your special moments with him. thanks to all of you for joining us. ""ac 360a krrks 3c 36 starts no >>> good evening, tonight a man who virtually defined the man shadow social light is accused of things like exp

mchenry recognized for five minutes. >> thank you, secretary carson. during your time at hud process you've taken on a few tough fights. and i would -- i wanted to speak to the example of the suit that -- under your direction and leadership hud filed against the new york city housing authority. which is the largest housing authority in america. it's the largest housing authority not just in the united states but in north america. and your lawsuit was about the deplorable conditions that -- of its housing units. and your accusation and hud's accusation was that new york housing authority was in substantial default under the 1937 housing act allowing for dangerous high levels of lead paint, unsanitary conditions, rats, mice, non-functioning heat in winter, and widespread recurring mold. in short, things were so bad in so many new york city housing authorities eyewitness units that at least 19 children were found to have elevated blood lead levels. some residents sleeping with gas ovens on for heat. and 83% of inspected units contained a condition that co

right after the airport he talked about fort mchenry inspired the star spangled banner during the war of 1812. >> people are giving the president some credit for staying on prompter. >> but we did see the crowd at times go usa and usa and how can they frame this or use this going forward? >> america is divided on this. it's a place for people to come together and sell bralt independence day in their own way. if you're not a maga supporter you probably agree with what i just said which is its an inappropriate use of the president's time and not the right place for him to be. if you're a 2020 candidate we move on from this and we realize this is not the spectacle that a lot of americans wanted to see. a lot of americans didn't want to see this turn into a political event. it wasn't in the sense that president trump didn't go off script or start attacking his opponents from the podium it's still inappropriate for him to be there. you focus on the fact that this is not a place for him to be and simply move on. >> along with his speech yesterday, also making the rounds on the 4th of july h

mchenry for four minutes for opening statement. >> i thank the chair woman for yielding. i would like to welcome chairman powell back to the committee. chairman powell prioritized outreach to congress and members of this body benefitted greatly from hearing his thoughts in february and in individual meetings since then. so we thank you for your return. i know the markets are interested in your testimony, but we as policy makers, too, are interested in your testimony. as i stated in the hearing in february, the economy in the last two-and-a-half years witnessed remarkable growth. unemployment reached lows that many believe were impossible. republican led tax relief and regulatory reform have supported these trends with millions of americans benefitting from our policies. we're seeing it in wage growth, we're seeing it in continued job growth, and we are -- all americans are benefitting from this. these benefits continue to endure five months since your last testimony, and in the most recent fomc statement, the fed concluded the labor markets remain strong and economic acti

. >> thank you very much chairman clay and ranking member mchenry. thank you to other members of the committee and thank you for the ability to examine proposed currency. i'm a professor where i've taught for the past 18 years mostly in the field of corporate law and finance, and line development. also, the law school center on global legal transformations. based on my research and an analysis of the paper and related documents that have been released so far, i've come to the following conclusion. first, it is designed to become a new global currency that will complement existing currencies designed as a for-profit currency. it promises to create a seamless global safe and inclusive payment system based on modern digital technologies. is labeled a stable coin and as such aims to deliver high liquidity-- to its customers who shall be able to exchange them against local currency on demand without suffering major cuts. to this end libra is backed by safe assets. the essence of choice are bank deposits and liquid debt of repeatable-- they owe their safet

for mchenry and members of the community, and the committee, thank you for the opportunity to appear before you today have been an entrepreneur products aimed at improving lives. i became the president of paypal, and moved to facebook to run messenger and block chain efforts. i described the mechanics of libra and today i want to explain why i am optimistic about what libra can offer the world. i want to make it clear that we recognize that we are only at the beginning of this journey. chairman powell has said publicly that the process for launching libra needs to be patient and thorough, rather than a sprint to implementation. reinforcing those views at his recent press conference, we strongly agree with them, we will take the time to get this right. we expect the review of libra to be among the most expensive ever, we are fully committed to working with regulators here and around the world. chairwoman waters, speaking on behalf of facebook, i pledge to you that facebook will not offer the libra digital currency until we have fully addressed regulator concerns and received appropria

. >> thank you, madam chairwoman and ranking member mchenri. secretary carson, i appreciate you taking the time to answer all of our questions today. having escaped poverty and lived in public housing you certainly bring an important perspective to the housing challenges we are facing today and we're grateful to have you here. in your june testimony you mentioned the issue of the faa having to deal with what you called very archaic i.t. could you expound on some of the things hud has been working on over the last year to modernize old i.t. systems, and secondly, in your opinion, what specific things still need to be done in order to bring hud's i.t. programs up to date? >> still a lot of our platforms are 40 years old. so technology has been left behind. what we have done is been able to create a dashboard that gives us re us real time information on where our grant money is and how it's being spent. this allows you more flexibility to the various jurisdictions and that's something that i'm very excited about. in fha, thanks to congress, we've

the nation's first washington monument, the national aquarium, oriole park, m&t bank, fort mchenry, one of the great librairies in america that gave free libraries to the people of our city. blake national jazz institute and cultural center. i can go through all the museums we have in baltimore. american visionary art museum. baltimore museum of art, industry, the art gallery, babe ruth birthplace, born in baltimore. the reginald f. lewis museum, the b&o railroad museum. how many of us have been there, the great history of the railroads in baltimore started there. its future. maryland science center, great sports icons have come out of baltimore from john yu unitus to frank robinson to brooks robinson, cal ripken, ray lewis. we have great health institutions. johns hopkins. i just got an e-mail as i was sitting on the floor. i know the rules of the senate prohibit me from looking at my -- the electronic device but "u.s. news & world report" today ranked johns hopkins department of neurology number one in the nation located in baltimore city, maryland, mr. president. you can go over the

. >> patri mchenry, kevin mccarthy >> well, he's got a nuanced view >> mccarthy said i like bitcoin.rity >> the other piece of it we don't know about is whether someone will try to regulate the big countries try to regulate, it gets very difficult, very fast >> i think to be able to create -- like gold, we've had for 4,000 years. it really is worth something j it's worth something because it's shiny and it's a rock >> by there's also so much of it until that asteroid lands. >> being worth something is simply because the market is saying that hour of work is worth something. >> everybody keeps the same records. and you've done something for someone and they owe you because you've done. everybody has the same records you know that. >> six months ago, that hour of work was worth less because the market said it was >> have you ever cashed out your bank account have you ever cashed out your bank account and seen all the dollar bills there you trust those numbers on your statement. it's not -- you don't need -- >> i'm just saying the value of the hour of work changes based on how you feel

mchenry. >> so, chairman powell -- stuart: okay, did you catch that?from the chair there, maxine waters, what would you do, mr. powell if you got a call from the president of the united states saying get out of here, resign, leave? he said he would not do that. miss waters said, can't hear you. he repeated it, i'm not going to do that. before that they were talking about facebook, the libra currency, got into all kinds of jargon i absolutely do not understand. we promised to bring you fireworks if we get them. we got a little bit of it. we'll go back with more, if we get more pointed questions and sharp-edged answers from fed chair powell. got to tell you mr. powell's testimony thus far has really helped the stock market. we established new highs for the dow'sdow industrials, for the s&p 500, nasdaq. the dow is holding on to a half a message point gain, up 140 points. we also had breaking news at 10 30:00 of oil. how much oil have we got in storage, how much have we used? the answer is we used a lot of it. it is called a drawdown. we took 9.4 million b

for the mchenry where "the star-spangled banner" was written. carolina. birmingham, alabama. i might drive. san antonio, texas, brian kilmeade.com/tour. we did them live, streamed on "fox nation." we'll do it again. get tickets. ainsley: do you get nervous talking to a live audience? brian: not yet. it is fun. ainsley: go on foxnation.com, look at picture, brian and pete. you have your t-shirt on, see the we the people tattoo. brian: how. >> who how do we get back to tatoos, foxnation.com. go to the app store. >> free trial. what do you have to lose. >> this is netflix for conservatives. you will not get stuff like what brian doing anywhere else. brian: if you do i will be really disappointed. steve: away from cable tv, want fox news stuff, "fox nation" is way to do it. on our phone. brian: speaking of working this weekend, you will work this weekend. jillian: working out of d.c. catch you at noon on saturday. 1:00 p.m. on sunday. shameless plug. let's get you started on a headline that we're following. remains of a girl that went missing 34 yea