high name is steven hill.i'm a long time 25-year resident of san francisco, and also a journalistist, author of seven books, and two books on the gig economy, and the impact on workers, including "raw deal: how the uber economy and run-away capital are screwing the american workers." that book came out in 2017, and people said you don't get the gig economy. it is going to be cool. now you're seeing what has happened. the question now going forward is: what do we do about it? we've heard from drivers and domestic workers, but there are other types of gig workers out there. there are companies like "up work" and all of these free-lancers that are working. the worker classifications are becoming more and more complicated. we've got to find a way to unify this and move forward. and even if we pass ab5, which is a good first start, but it is only a start, for a lot of the part-time w-2 workers right now, they only get the basic form, social security, medicare, unemployment, they have no health care, paid vacation,

hill as well. lawmak ceiling but also funds the government andhe increases ttatutory caps on federal spending. just a few weeksur ago trey secretary steven mnuchin went tl capitol hill ad out the white house's bottom line. raise the debt limit for one year and keep the government funded at current levels during that time. buthat strategy isacing resistance from republicans. georgia senator david purdue is lead cg thelition of 15 gop senators including jim i oofe, chairmthe armed services committee and marsha blackburn who's close to president trump. they're calling for a two-year budget deal instead of a uing resolution in order to increase funding for the military. >> crs have a direct and immediate impact across the entire department of defense from trainin to readiness to maintenance to personnel and, yes, to contracting.or >> rr: in a recent letter, they warned the administration not to hdcuff their militaries with funding gimmicks. the good news is the white house and congress agree on the need for action. the bad news is they're running out of time t do anything. for "nightly business report," i'm ylan mui in washington. >>> google

right now negotiators on the hill, steven mnuchin, the treasury secretary, on the brink, the presidentwill be the key. >> phil mattingly, appreciate the latest reporting. >>> up next for us here, a big test for speaker nancy pelosi this week in her let's not impeach strategy. robert mueller is in the witness chair. a lot will happen in your life. wrinkles just won't. neutrogena® rapid wrinkle repair's derm-proven retinol works so fast, it takes only one week to reveal younger looking skin. neutrogena® >>> mueller week is here this week. with it today new presidential expectations setting. the president says robert mueller, quote, should not be given another bite at the apple. special counsel's testimony, the president predicts, will be bad for him and the phony democrats in congress. for democrats, the hope is that mueller, the movie, makes a bigger impact with the american public than mueller, the book. but the bigger the impact may be bigger the potential problem for the house speesaker, nancy pelo. she wants to avoid impeachment because she worries it plays into the president's hand

ibm watson. >>> that's a live shot of capitol hill treasury secretary steven mnuchin is throwing coldater on the idea of a looming government shutdown. >> i don't see the government shutdown looming again, that's not an issue until the end of september and i have no expectation that there will be a government shutdown >> all right this as house speaker nancy pelosi rejected the treasury's latest proposal to raise the debt ceiling before congress's summer recess. pelosi said raising the debt ceiling on its own without a budget agreement is not acceptable to democrats. elsewhere president trump continues to clash with some members of congress as well. tracie potts joins us from washington with the latest the front page of the "washington post" is about the comments against those four democratic congress members. take us through the details of this latest attack >> we've heard from theresa may on this, condemning the president. a couple things to look out for today are will republican leaders speak out? we heard from some members, but not from the leadership. one way or the other condemn

. >> treasury secretary steven mnuchin on capitol hill tried selling republicans on the budget deal he cut with speaker nancy pelosi. the agreement would raise federal spending by $320 billion with $77 billion in offsets to help pay for it. but the cbo says that number is optimistic and notes the savings don't kick in for eight years. some republicans are highlighting that the agreement includes $20 billion more in defense and non-defense spending over two years. it would also suspend the debt limit for two years through jul. >> that's why we've got $22 trillion worth of debt and climbing. and we are just like thelma and louise in that car heading towards the cliff. >> it's been called the final nail in the tea party movement's coffin at some of president trump's closest allies in congress, congressman mark meadows and jim jordan, are a no. if north carolina conservative congressman mark walker tweeted out an image from the dark knight of the joker and extend spending extra burning pile of cash. steve scalise and his team are expected to start asking g.o.p. members to support the measu

treasury secretary steven mnuchin just sent a letter to capitol hill moments ago that said congress needso raise the debt limit before they leave for august, which is really just a big bomb in the middle of everything else. so this month, which should have been a little bit quiet, more quiet than it's turning out to be is becoming extraordinarily frantic on capitol hill with this hearing which is going to be longer, presumably, and now the debt limit which going to co come due. so this sleepy summer, not that it ever was, is getting busy. >> this is a body not known for acting with swiftness or any legislative matter. >> no. >> ken dilanian, with regards to the mueller testimony, are you suspecting that we are going to learn a great deal more than we already know? >> not necessarily, craig. but for democrats, this is about getting this story in front of the american public, much of whom has not read the mueller report. like jake, nbc news has been told by two sources familiar with the matter that there are talks ongoing to delay the testimony by a week. and i think this just underscores h

hill. tuesday and wednesday, they will facebook on libra. stevennuchin taking aim at the social network. >> the treasury department has experienced -- expressed serious concerns that libra could be misused by money launderers and terrorist financiers. lyft also tuesday, representatives will defend their companies in front of the house judiciary in a hearing on antitrust. their goal is to convince lawmakers they do not stifle competition. we have charlotte from a nonprofit focused on shaping public policy. before that, she worked at the federal trade commission. and we have ben brody. so many areas to keep track of. libra, antitrust hearings, and a google-specific hearing. give us a preview of what we can expect. >> we are working hard to bring it all to you. one of the things i have been looking at with google is the rising chorus there is anti-conservative bias by the major social media companies. you saw that in the white house summit last week. it is the focus of this hearing that will be held by senator ted cruz. you just had a request coming f

hill. >>> for the numbers of americans in the cbs pey agree the content. >>> paying respect to john paul stevens. how he is shington. >>> severe weather around the country. how extreme heat, thunderstorms, and powerful wind is creating dangerous conditions. >>> we are about to see the temperatures at home started to increase. we noticed a lot of that over the weekend. how much higher will be goal for inland locations. i have a lot of low 90s to show you today, coming up. ceremonie nations capital to pay respects to the former supreme court justice john paul stevens. the body of the retired justice stevens is lying in repose at the great hall of the supreme court, where he served for nearly 35 years. he died last week at 99 years old after couple occasions from a stroke.>> when president obama nominated me to fill justice stevens seat, gave me a special reason for thinking of justice stevens as a hero. >> justice elena kagan replaced stevens on the court after he retired in 2010. tomorrow, the late justice will be laid to rest at arlington national cemetery. >> several companies that release a qu

however, lawmakers here on capitol hill do believe that eventually, the debt ceiling will be raised. however, treasury secretary steven mnuchin said that congress is on the clock. he says the government will run out of money in certain scenarios that he has in early september and that is before congress gets back from their break, from their summer recess here. now, today he spoke on the phone, as you said, with house speaker nancy pelosi, also senator chuck schumer, trying to get them to work out a deal on raising the debt ceiling so the government can pay its bills. >> we would like to have something on the floor next thursday. that we can send it in a timely fashion to the senate so that they can go through their shall we say particularly senatorial process to get it done in time before they leave. reporter: but the holdup here is the house. the house goes on recess july 26th, or after july 26th. the senate's recess starts august 2nd. now, on this, pelosi says that a short-term deal is not in the cards for her. she would like to see a long-term deal related to this. the short-term deal floated by the administration

hill and kevin cirilli. we heard there might be a deal on the debt ceiling in the budget. where are we on the deal? kevin: not so fast. steven mnuchin saying he has agreed to a two-year deal with nancy pelosi over the debt ceiling. we are hearing on capitol hill that details are still being ironed out. potentially, what they are signaling is there is a homestretch and even amongst republicans, a lot of the staffers are scratching their heads, especially the ultraconservatives in the house freedom caucus. they raise the concern to the white house about potential do with the democrats on this. then you throw in the effects of how many numbers and the numbers they would need. that is where this gets interesting with heightened political rhetoric around this debate. speaker pelosi is having to manage that but also to strike a deal with secretary mnuchin before the u.s. would default on its credit. we also have: speaker pelosi having to deal with elizabeth moran. elizabeth warren came out with plans about private equities. i understand the speakers about have a news conference. you have any sense of what the speakers position wil

hill. >> tracie potts, thank you. >>>today, former supreme court justice john paul stevens will be buried at a private funeral at nationalarlington cemetery. yesterday he lied in repose at p e supreme court. president trumd melania trump paid their respects and so too, did most of the supreme court justices including elena kagan who replaced stevens. sheaid he was a man with equal justice for all. >>> new details about a story we told y about yet. equifax has reached 700 million dollar settlement. the company will spend up to $425 million customer claims. equifax will pay ten years of free credit monitoring all the way up to $20,000 for those who major costs from the breach. we have details on how to get updates on the claims process in the nbc washington app. search equifax breach. >>> the news4 i-team is working for you and highlighting specific and dangerous concerns with air travel. >> mother's near death experience on flight back from vacation is now raising someri us questions here. scott macfarlane and the i-team explain. >> reporter: a woman on a flight home from orlando after a trip y to disnorld said she nearly

. >> and that was treasury secretary steven mnuchin on libra earlier today, following two days of hearings on the hill over facebook's crypto play. joining us now to discuss facebook's libra and more is another player in the space, ripple ceo, brad garlinghouse. brad, good morning >> good morning, john. good to be back with you >> good to have you. so what do you think facebook and all of the libra consortium really have to do to make this good for the world >> well, i think at the most macro level, it's been good for the world because it's brought a lot of attention on a set of technologies that really can benefit mainstream banking, mainstream consumer experiences around banking i think there's a little bit of, perhaps, arrogance, and perhaps silicon valley arrogance with how facebook approached this and somewhat brazenly running into some things without checking some of the boxes. and i agree with your intro there, that secretary mnuchin, in order for these to be used well and taken advantage of, it has to be done in a regulatorily compliant way. whether it's terrorism financin, these are things at

steven won't forget. >>about the tender after this. no not doing very >>and of course love doesn't cost a thing. it was ryan hill reporting for us this morning. 10's of thousands of people have signed a petition asking that holloway in the halloween holiday be moved. so people want to move from october 31th to the very last saturday of october. the petition was launched by the nonprofit halloween costume association. so the group says that such a move would actually make the halloween celebration safer. and of course less stressful so far more than 63,000 people have signed a petition. we'll see what happens. before we go how about alive. >>look outside you want to check in on the airport sfo little foggy little cloudy for you that's going to clear and it's going to be another warm to hot days, especially inland, so john tribal will let you know what to expect for your city, we'll have a full forecast coming up in just a bit. and also be sure to join us all next week for a crime. morning news summer road trip. take a little trip with us if you're looking for a quick trip to wrap up your summer vacation, we're go

steven won't forget. >>about the tender after this. no not doing very >>that was ryan hill reporting.t intensifies for 2 teens accused of 3 murders. there's investigation that's now stretching across canada. next. >>and we are taking a live look outside in the bay area right along the east bay better clearing there, but better clearing there, but cloudy along ♪ here i go again on my own ♪ goin' down the only road i've ever known ♪ ♪ like a drifter i was-- ♪ born to walk alone! ...barb! you left me hangin' on the high harmony there. if you ride, you get it. geico motorcycle. 15 minutes could save you 15% or more. >>welcome back to kron 4 news at 8 the massive manhunt intensifies for 2 suspected teen killers on the right both are wanted in connection with 3 murders in canada. meredith wood has the latest. so he was just a few safely to their house and we're all a little bit freaked out you know. >>a tight knit community where people leave their doors unlocked now on edge the possible presence of 2 suspected killers on the run has rocked the normally sleepy town of gillam canada. >>the o

the 6-year-old boy that we told you, steven romero, a 13-year-old girl and a man in his 20s not identified yet and 12 other people injured. last night at christmas hill park where the festival has been held for decades. the chief said the shooter used a ak-47 assault rifle that he legally purchased in nevada earlier this month. >> you could be sure that we're staying on top of the breaking news out of gilroy the mass shooting at the gilroy garlic festival. we're posting updates on social media and follow us on facebook and instagram and twitter as we bring you those updates as soon as we get them. >> that is right. and another check of the weather. >> it is going to be much nicer as we go into the new workweek. we're going to have refreshing breezes. our temperatures coming down to where we should be for this time of the year, reaching into the low to mid-80s over the next several days. it will start to warm up more for the weekend but we're not expecting any really extreme heat here. and for san francisco those winds picking up today will also bring in some of the cooler air even to the inland valley. so that is going to be nice to catch a break and

steven won't forget. >>about the tender after this. no not doing very >>well as ryan hill reported for us this morning. for your money this morning starbucks is getting more customers in the afternoons and for automakers cut a deal with california on a fuel efficiency regulations. jane kinm is live at the nasdaq with those stories and more happy friday. heidari ahead. >>happy friday to you too yes for major automakers a recent deal california to increase gas mileage in greenhouse, gas emissions standards bypassing the trump administration's plan to free standards at 2021 level so ford bmw honda volkswagen, our parties to this deal with the california air resources board which has been at odds with the trump administration for months, california said it would exercise its powers to set more stringent pollution mileage standards the federal government had proposed facebook co-founder reportedly working with the government and how to break up spot the new york times says chris hughes attended meetings with 2 other advocates pushing for antitrust proceedings. hughes has become an outspoken advocate for ant

do >> facebook's libra facing pushback on capitol hill, and bitcoin is selling off it's following strongly worded comments from treasury secretary steven mnuchin yesterday who effectively bashed cryptocurrencies and also said libra could be misused by money launderings and terrorist financiers the concern is they'll face further regulation as you can see, bitcoin breaking below 10,000 now down over 25% over the past one week after a huge run up this year >> figures we had kevin mccarthy talking it up today once a politician thinks it's a good thing, it's over. now to contessa brewer for a news update. contessa, what do you got? >> here's what's happening right now. the house republicans are reacting to the president's tweets from over the weekend when he was tweeting about four democratic congresswomen and kevin mccarthy, the house minority leader was asked if he thought the tweets were racist >> no. and i do not believe the speaker of the house was racist last week either when those individuals on her side of the aisle who are claiming the president is racist, when they claimed she was racist either. i do not believe that. i believe t

stevens was 99 years old. >>> a rare rebuke of president trump spirals into a bitter partisan brawl on capitol hill the housecondemn president trump for telling four members of congress to go back to their home countries. democrats decried the attack as basis. only four republicans broke to join the democrats. >>> here it is, a bad hair day for one colombian guy in spain police at barcelona's airport discovered more than a pound of cocaine up there underneath his toupee it had street value of over $33,000. authorities say the wig drew the attention due to its disproportionate size and that the guy was acting nervously can you blame him? how can you possibly have thought that would work? >> there are people right now that are listening to "worldwide exchange" on siriux xm, they are denied seeing that small pet on top of his head. why he thought he would walk through the airport with that hair or whatever it was. she have said it was a service dog laying on top of his scalp >> not bad or gone with the beehive >> thank you very much >>> coming up, issanta claus coming to wall street this summer we'll look at so

along with house speaker nancy pelosi stevens will begin with our correspondent on the battle between the squad and the president teach you a lot going on on capitol hill. the house met late tonight to discuss the resolution condemning the president's rhetoric. the first line says condemningri the president's racist comments directed at members comments directed at members of congress"mentions the names benjamin franklin, thomas jefferson and franklin roosevelt and we just found out a resolution will come to the house floor tomorrownd. >> if they don't like it here they can leave. i don't know who will miss them but i guess some people will t to the president is refusing to apologize with will t to the president is refusing to apologize with tweet telling for minority members to go back to their home countries. >> some people think it is controversial some people love it. >>y only one was born overseas but has been a us citizen since 2000. >> he would love nothing more to divide the country based on race, religion, gender, orientan , or immigration status. because this is the only way he knows he can prevent solidarity of us working together t to omar

steven won't forget. >>about the tender after this. no not doing very probably a smart move that was brian hill reporting. >>the san jose sharks, they have a new member of the team. meet 10 oh my gosh, she's so cute. there's 11 week old yellow labrador puppies being trained as an assistance dog. fan will spend the next 18 months living with sherry rottenberg are a volunteer puppy raiser with a nonprofit canine companions robin burger will teach been about 30 command so i can become an assistance dog to someone for free. serving users. veterans. >>children with autism and other developmental disabilities and companions trains to be highly skilled assistance dogs. so tasks that they might perform are picking up things off the ground turning on and off lights. >>opening doors. >>well fan has not many players not yet anyway. he did hang out with sharkey fans can see him around the shark tank and it team events. it's ridiculously can't. after families, the d a s a p center is going to have we're training before being paired with a partner. >>for sharks to the raiders raiders on of anything that cute. i antonio

robert lighthizer meeting on capitol hill with lawmakers about passing usmca, maybe even in september, and then he will fly around the world next week with steven mnuchin for china trade talks. a lot of economic news on what was otherwise a slow friday in washington. david: never slow at the white house. that is for sure. our thanks to kevin cirilli. now let's get more on those gdp numbers with carl riccadonna. were they encouraging? carl: the 2.1% would have been 2.7% were it not a big drag from exports. we can see the impact of a strong dollar on these numbers. that being said, i would be more encouraged if we were looking at itersified growth, meeting was contributions from exports and business investment and an array of categories, housing. that was not the case. it was consumers going it alone type of economy, which would be good enough to prop up growth at a pace sustainable too low 2% territory. certainly it would be much more encouraging for the economic outlook if we were seeing a bunch of contributions. david: that is the pattern we are seeing elsewhere. a tale of two economies. there's the consumer that is doing well. carl: exception

steven dillingham, will testify three weeks today before a subcommittee of the house oversight committee. democrats want the census bureau director to come to capitol hillnd out how ready the agency is to properly roll out this ce census and get people counted. essentially they're saying they're in danger of not meeting security, i.t. standards and that officials aren't properly educating the public about what is expected here. dana, this census is moving forward. the printing, according to the doj, has already begun. it's been sent to the printer and the citizenship question will not appear on it, despite the president's insistent tweets otherwise. dana? >> an important fact check. the president obviously heard from conservatives who were saying his callers were flooding the phone lines to his radio show today, saying that the president threw in the towel. so, it sounds as though the president was using his twitter feed to try to say that it's not going to happen, to try to calm his supporters, even though it's not factually correct. thank you, jessica, for that report. >>> up next, the latest culture war debate over sneakers. this is nice. yeah...yeah

tech heads to capitol hill today for not one or two, but three hearings covering everything from antitrust to cryptocurrencies >>> very serious concerns. treasury secretary stevennuchin calling out facebook's proposed libra currency asking the social network for mor

stevens mind and his words were still razor sharp. >>a popular attraction outside of sacramento is closing we first told you last night at 10 o'clock daffodil hill is shutting down indefinitely because the area's infrastructure just can't keep up with this overwhelming popularity. >>the closure also means a big loss for small businesses all around the spoke to the erra foothills, daffodil hill owners today who say they had no other choice. >>a step into the country store is like a step back in time the history. it is so tangible here but in the tiny foothills town a volcano to only has about a 103 people businesses and always bill means. except when the daffodils are blooming to all of a sudden you have you know 1000 people coming in through weekend. >>that's lovely for business. >>every spring tourists flock from far and wide to get a glimpse of the bright folks that feel daffodil hill. >>it's just incredible. >>after more than 80 years of welcoming visitors free of charge the hill is closing indefinitely. there was tough to make that call but as we went through the options. we ran out of options amador county sheriff martin ryan cohen's land w

steven miller gets in the way of any kind of a solution. they pushed this rock up the hill more than a couple of times. people thought they had the elements of a deal, and it rolls back over on them. and that's the problem, isn't it? >> i think that there's a problem of this on both sides, which is there are people who want a solution on both sides, and then people who want theosh both sides. i think that's a fair statement that there are people. but i think the truth is donald trump, if you listen to what he actually says as opposed to the character of what people think he says is he would be willing -- when he had that famous meeting where the whole thing was recorded in front of everybody and he was sitting next to dick durbin and said, why don't we do comprehensive. let's go big. and he was like, no, no, i don't want to go big. >> don't overdo it, because we all were -- we were all alive when that happened. and it, by the end of the day, it rolled back over on him. >> the reality is that democrats are dug in. they'll not give him this wall. that's the bottom line. and i

stevens graduated from the northwestern law school in 1947 retired from the supreme court at the age of 90. well some of the biggest names in tech face scrutiny on capitol hill today as lawmakers considered steps to limit their expanding power. executives from facebook amazon apple google took the hot seat at the hearings. the big focus of the questioning was your privacy. karen caifa has details from washington. >>executives from the biggest names in tech and e-commerce grilled on capitol hill as lawmakers question their growing power and facebook has 2 competing missions make the world more open and connected and make a lot of money. it is facebook attempts to serve both these missions. they wreak havoc on the rest of us in focus at one hearing facebooks proposed crypto currency libra the company promising to do their homework. >>and let me be clear and unambiguous facebook will not offer the libra digital currency until we have fully addressed regulators concerned and received appropriate approvals. >>but after facebook past privacy missteps some senators skeptical of the endeavor. it's one after another after another after another. so i don't trust you g

capitol hill, the biggest challenge facing pelosi is not how she handles the squad but can she get a budget deal working with the white house and congress. she's been talking to treasury secretary steven, multiple times a day hearing of testimony mhear hearing hear hearing optimism on both sides. the potential legislation hasn't yet been agreed to much less unveiled and it's a question of can pelosi get her caucus on board something congressional republicans need some kind of white house buy in but the biggest question mark always is will the president go along or will he end up at the last minute as he wants to do? >> a fun week ahead. i'll close with a harsh reality check for those struggling at the bottom of the democratic pact. the cnn debates next week are a cross roads, perhaps a chance for a new beginning or perhaps the beginning of the end. let's look at this. six candidates, biden, sanders, buttigieg, warren, harris and o'rourke are qualified for the next round of debates. that's in september. three others are within striking distance of making that threshold. yang, booker, and jewel ongyo c. the others well short of the criteria so we could go from 20 to 10 or fewer candidat

steven mnuchin going over wide range of questions trying to specifically focus on virtual currency which came to light last week. the first question jay powell during the hearings, testimony on capitol hillfrom maxine waters in fact was about cryptocurrency. more importantly about libra which is the facebook offering. since then president trump has weighed in on the issue. now it's a major issue. cryptocurrencies are under pressure. i want to bring in former deputy direct are to have the commerce department, chris garcia to join me now. chris, just for the audience i want to recap, some of the entities involved in the night go aftmc, combating financial terrorism group, fincen, which is financial crimes enforcement network, they want to guard against financial crimes and fsoc, fsoc was created under dodd-frank and includes a myriad of alphabets. federal reserve, fct, national credit union administration office of control of currency, treasury department and consumer financial protection board. what is your thoughts here? mnuchin not a fan of bitcoin, saying it is too volatile and the value is out of thin air, where it goes from here? >> charles a couple things, by the way that is a whole

hill, bret, is whether or not the president could renege. i spoke with a senior administration official who told me "we are taking all steps without consulting the president first." stevenin, the treasury secretary, says they have a topline agreement on the spending caps. he spoke with kevin mccarthy of the house minority leader, he says these negotiations are going to be tough but he thinks they can get a compromise. >> bret: is two different things. there's raising the debt ceiling or dealing with the debt ceiling, and on the spending cap. but the whole thing, what's the biggest challenge to getting an agreement? >> the key here is for nancy pelosi, the house speaker, to keep her freshman democrats together. this is their first rodeo. one source said to me they might not understand the consequences of not raising the debt ceiling and what that could do to the marketeer. that's something they're looking at. nancy pelosi is very concerned about doing a short-term extension. she doesn't want to do that. the reason, the only thing that's worse on capital if you vote to raise the debt ceiling was, the worst thing is voting to raise the debt ceiling twice. >> bret: chad com

steven mnuchin. sources telling cnn the two are in near constant negotiations over how to move forward, but they're still not to the finish line and time running out. phil mattingly up on capitol hill deal? and when? >> if you have the answer to that question you can probably make a lot of money on wall street right now. given where things were 10, 15 days ago when talks had completely fallen apart to where they are now, the speaker and the treasury secretary have expected seven times in the last six days. people who have been briefed on those conversations say they have closed out a lot of the outstanding issues that were concerning up to this point. it seems to be at least at today's status, people feel like they're productive and getting close. you know to close out those final things are always the most difficult things. those are the technical details that need to be finished up in a very, very compressed timetable. things like how to pay for certain elements of the final deal. this is a deal that comes together because democrats want domestic spending increased. they don't want the sharp budget cuts on that. republicans want defense spendingin kreesds and the secretary and th

hill, again. this time it's david marcus, the head of calibra, answering questions from the senate bank keg. tomorrow, he'll appear before a house panel. meanwhile, listen to what treasury secretary stevenchin had to say yesterday about libra. >> i didn't say i was comfortable with them launching a currency >> if they launched it in an appropriate and a safe way -- >> yeah, but i'm not comfortable today. so let me just be careful. as i said, they and others have a lot of work to do before they get us comfortable >> joining us now here at post nine is mow zell thompson, a former adviser to facebook and kristin smith, director of the block chain association. good morning to you both mozel, i'll start with you we've talked to you quite a bit about regulatory risks for facebook and everything they've been dealing with and they're facing we haven't talked to you about libra yet. what do you think of this proposed digital claim >> i think it's really an interesting opportunity. and i hope that what you see on the hill today, that there are some real risks. but considering the risks doesn't overshadow the opportunity to present, not only to provide banking services to the end bank, a large par

other major hearings on the hill this morning all about facebook and its planned libra digital currency we heard from stevennuchin yesterday, he shared his concern over the digital coin. >> the treasury department has expressed very serious concerns that libra could be misused by money launderers and terrorist financiers we will not allow digital asset service providers to operate in the shadows and will not tolerate the use of the cryptocurrencies in support of illicit activities >> later in the show, we have the majority leader on, and he wrote an interesting piece he said if you can view your mail -- we can't imagine someone opening and tampering with mail, knowing everything that is going on with your mail. would you allow that if it was stamps were free all of us would say, uh, no. charge me whatever it is >> 39 cents? i don't know it doesn't say anymore that would be a big no so how is this different it's a bit different, but we all sort of got in this position maybe not willingly and completely knowingly about how much of our privacy -- >> certainly not thinking it through. and what concerns me as a

hill. one issue is the scrutiny of libra, the script of currency being proposed by facebook. this is what -- this cryptocurrency being proposed by facebook. treasuryhat secretary steven mnuchin had to say. so marty, facebook has brought all of washington together. republicans, democrats, the administration, jay powell. everyone is against cryptocurrency from facebook, and we haven't even seen it yet. marty: i do think libra is somewhat of a stalking horse for concerns in general about facebook and what happened in the 2016 election, and there are issues about security and safety. here it is, facebook coming up with a cryptocurrency idea that causes a lot of concern on wall the world.throughout germany today said they have concerns. i do think it is a reflection of the general suspicion about the power of facebook. lisa: my favorite part of this is that everybody is railing against facebook and uniting d.c.,ody on washington, and investors don't care at all. take a look at the reaction in the market. they really didn't move that much. you can see a blip, not even. what will it take to actually create some kind of downward momentum at facebook? luke: a lot more, i thin

capitol hill, the social media giant facing lawmakers on the senate banking committee today over the company's proposed digital currency, libra, and issues related to data privacy. treasury secretary stevencurrency yesterday. >> the treasury department has expressed very serious concerns that libra could be misused by money launderers and terrorist financeiers. cryptocurrencys have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs, human trafficking. many players have attempted to use cryptocurrencies to fund their maligned behavior. this is indeed a national security issue. dagen: tech executives also set to go before a house panel today for an anti-trust hearing. joining us now, metaphor's co-founder, adam allenson. it's as if lawmakers just woke up to the fact that oh, these companies have a lot of power and we might want to do something about it. >> they have a lot of power with cryptocurrency. if your computer system gets hacked, they don't say well, just give me your american express number and we'll let you back in. clearly, there's an issue with cryptocurrency and we need guardrails before we get