nir: it depends how long you look.y guess is if you look long enough, if we are talking about decades, that in general i think indexes attract the market and will do bad for the majority of people, and it will still be 80% of active managers. i do think the opportunities for equity in desk active managers -- active managers today is as good as it will ever be in our lifetime. i say that because of the gaps in the market and where i think you're going to have better opportunities in some corners than others. a good active manager will sharpen his or her -- and give you exposure. that will pay off in the next five to 10 years. for most investors, they are looking at very long periods and i think ultimately the broad market index will be as good as any. caroline: thank you so much, great analysis. we are going to dig in or deeply in terms of what the volatility is at the moment for new entrants. we are talking about whether some of these ipos are getting put to one side. this is bloomberg. ♪ caroline: today wecaroline: ar

able to access their credit report for free on a weekly basis, knowing they're under stress to keep nir family and community safe and why did your company choose not to give americans free access to their reports. >> so as you stated, congressman, thank you for that question, we do provide access to free credit reports on a weekly basis as an industry. experian also provides free credit monitoring, free access to credit reports and free credit scores to over 40 million u.s. consumers today and we continue to grow that as consumer needs rise. >> got it. so you're doing what transunion and equifax offers? >> i can't speak for the other two. but certainly experian is expanding our free offering to consumers. >> so during the pandemic, everyone has been able to access their credit free on a weekly basis? >> correct. >> okay. that is good. you've been concerned particularly during the pandemic about credit issues and americans having access to information about their credit, ms. wu. >> hi, this is brian. >> yeah. hello. >> what we've been concerned about is the impact of the pandemic on cons

disclosures for their breaking out their traditional businesses to, you know, some of the new earn nir ti initiatives in particular and i think that will get them a better rate, a re-rating we saw that with google, amazon, microsoft when they disclosed more so as facebook discloses more this is a great long-term story on sale. >> you say the quarter is mixed. the revenue missed and the monthly users missed and they met their daily user number so the story was more negative than positive i think we can objectively say that what i want to know from you is does this show there are cracks in what's been a fairly teflon story? >> i don't think so, scott i really don't i look at the u.s. and canada seeing growth for the first time in two years that was positive for me i look at revenue growing 35% year over year and that's respectable and i do think expectations have come down considerably this is a profitable company with size and scale. you want to compare this to snap because it's not profitable. if you want to look at price to sale on facebook if you want to look on twitter it's 11 times

also public health preparedness niche tissments i understand that -- nir tifs. i understand that the rules committee -- i understand the it heuls reuls committee does not include a provision on prescription drug pricing. we are committed to finalizing an agreement before we go to the floor that includes price negotiation. a cap on seniors drug spending. the bill finally makes key investments in manufacturing supply chain resiliency and provides the federal trade commission with essential funding to better protect citizens' privacy. i could go on but i will not. i just want you all to understand this is part of essentially a three-prong process. rescue plan. infrastructure. build back better. we have to make these investments to deal with the public health crisis. to deal with the underserving of our infrastructure. and also to deal with our long-term economic challenges that the middle class faces. i think we are accomplishing that with this three-part series and this being the last of it. thank you, mr. chairman. mr. mcgovern: happy to recognize ranking member