that is the senate finance committee. with senator grassley, senator hatch, myself, and all of the people who have worked so hard to do it. i wanted to mention that when not much bipartisan legislating is taking place, show up to the senate finance committee and see what we are trying to do. jane has given us a chance to look back a little bit. i want you to know i particularly think the best days of the senate finance committee are ahead, because we are going to lead our way out of this path where so much seems to be about fighting and bickering, and building on the last congress. and some of the historic accomplishments. sen. wyden: senator grassley listed a few of them. there will be democrats and republicans working very hard to find common ground. jane and the historical society, thank you for giving us a chance to look back, and also look forward. thank you. [applause] jane campbell: thank you so very much, senator wyden. it is really the job, in many ways, of the historical society to give the opportunity for perspe

next, a tribute to the senate finance committee. present and past members discuss the committee's work since it was formally created in 1816. >> my name is jane campbell. i am the president of the historical society. i just took the job in february. this is my new adventure. but this organization has been around for more than 50 years. we are delighted to have you all join us for a celebration of the distinguished history of the senate finance committee. we begin the program tonight with the presentation of colors by the united states capitol and theeremonial unit pledge of allegiance. please rise. >> forward, march. >> right shoulder. .eady >> please join in the pledge of allegiance. allegiance to the flag of the united states of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. >> right forward. turn, march. >> thank you very much. you may be seated. our celebration this evening is possible because we have generous support from the bank of america, from grant thor

this is boom bust broadcasting around the globe and covering the world of business and finance an impact upon us all i'm daniel prieto in washington here's a look at what's on deck for today's show that is on the verge of rate cuts in the markets have been listening professor richard wolfe and peter schiff the c.e.o. of euro pacific capital are standing by to delve into the details and what this may mean for the global economy moving forward. cabinet in mexico is seen a shake up as a key economic figure has called it quits war and war carlson of the center for international policy joins us from mexico city to break down the latest move and how this is shaking the nation we've got a show today so let's go and dive right in. strong indications of an impending interest rate cut in the united states lead our global report today as federal reserve chairman jerome powells congressional testimony pushes markets higher around the world let's 1st take a listen to what he told the house financial services committee on wednesday it appears that uncertainties around trade tensions and concerns about

growth at a five—year low, unemployment at a as—year high, so what can the new finance minister do toke up india's vast economy? plus: from online bookstore to trillion—dollar tech giant. amazon turns 25 today. we look at how it changed the world, and why not everyone is happy about it. and on the markets, most markets subdued in asia, as investors wait for crucial us jobs figures out later. oil prices edge lower on concerns about the impact of weak global growth on demand for crude. we start in india, on a huge day for this woman, finance minister nirmala sitharaman. she is the first woman to run india's finances since indira ghandi, almost half a century ago. and in the next hour or so, we will find out how she plans to reinvigorate one of the world's biggest economies, as she delivers the first budget of narendra modi's new government, following his landslide election victory a month ago. and there are some big challenges. india'sjobless rate hit 6.1 % in 2018, the highest in 45 years. that means 30 million people looking for work, and awkward questions for a prime minister who pro

the competitiveness report. china extended 36.3 billion of medium and long-term export financing while the united states provided zero.2 billion that is an enormous difference even smaller countries like finland and denmark and hungary are getting several more times export financing in the xm bank we are listed 25th among all countries in this regard. you touch on this in your testimony but can you discuss in more detail the trends you are seeing an export credit other countries are starting to weaponize their credit agencies. we have very rigorous tests unlike any other in the world and looking at us content the flagships and things like that and other countries pay no attention to things like this. so you will see that the world goes like this and we are back in business we want to be good for american workers and want to see every worker in our country to have an opportunity not to be denied because the xm bank is not there and i look forward to working with you on the reauthorization. >> what effects should on - - have those trends have on those exporters to stay competitive quick. >> i will not comment on s

the latest delay. let's go to asia finance correspondent. in the. plastic is a global problem but also lots of it comes from the philippines vietnam china and conceptual other countries dumped more than half of the $8000000.00 tons of plastic ways that end up in the oceans every year according to a report from 22017 a is there enough awareness of void in plastics in the whole region. well there had at 1st the awareness has not been was not very white particularly in developing countries like indonesia for example like what you cited and even in countries like china that as big as china but now governments are starting to pay attention because of the revolution that's happening in their territories going to kill early in my reading life countries like the philippines malaysia indonesia and thailand. realizing this problem particularly for single released last single use crust excuse me so this this classical ocean problem especially in the marine territories are going to be hitting economies such as tourism which is very important economy of for some

the world. mr. ng are very expensive. to get financing you have to sign contracts, take or pay contracts up front with foreign buyers and take it to the bank to get financing. if you can't get financing and lng won't get built. do you support lng in america? >> i support all industries in our country. >> well, you're helping companies to the detriment of louisiana and american companies. you're financing at exim, i think the export of parts and equipment to places like mozambique that are building lng plants that compete with ours. how does that help america? >> our mission at exim is u.s. jobs. we're not allowed to discriminate on applications that come in to us. so if an application comes in for u.s. workers to create u.s. equipment to be exported to a foreign country, we judge that on that application's merits. we also have some economic tests that we do. i announced in my testimony that we're going to be taking a hard look at additionality and economic impact, those tests. i hear you loud and clear. i want to support every job that we

her resignation also comes the day before g7 finance ministers meet in sean tilly in france. doubt sounds the starting gun for her replacement and the names mentioned, former bank of england governor mark carney, former uk treasurer george osborne and mario draghi. whoever succeeds might have a tough time preserving her legacy at the imf. michelle fleury. the row over how to tax the tech giants who dominate the modern economy is set to take centre stage in france today. that is where finance ministers from the g7 group of leading economies are meeting, and the key question is whether the us can bridge its difference with france and uk. last week, president macron‘s government became the first in the world to pass a tax on their revenues. the biggest, such as google, amazon, facebook and apple, will have to pay 3% on some of their sales in france if they have global sales of over $840 million. across the channel, the uk also says it is planning to press ahead with a 2% tax on sales from april, but both countries have said they will ditch their tax if an international agreement

they worked with us on the publicly financed candidates. we have them again assisting us with a 2018 audit cycle of the publicly financed candidates. we have also three audits from the 2016 audit cycle that we are expecting to be finished in the next week or so. we will then be fully in the 2018 cycle. in the 2018 cycle, i wanted to do a quick notes, as we have in the last year or two, we have used an objective criteria method for selecting discretionary campaign audits as we as the law requires mandatory audit for public finance candidates and allows discretionary or targeted at random audits of other committees that were active during the election. historic the committee used random products to select campaigns. we modified that approach because we saw some of the committees that were not selected by random selection were fairly large committees. we thought there was a great public interest in being able to audit a lot of the money that is running through the campaign cycle. we did initiate it as this report note, as a way to pick through

so the infrastructure financing district is a special district. there's actually one along the entire embarcadero and we create subproject areas. what that does, that captures the tax increment? so the property taxes above and beyond what was initially existing, and that tax increment, the additional, the portion of the city stays on-site so we can issue bonds or pay for future improvements on that site. and then, the second is the community facilities district, which that is an additional tax that is leveed. sometimes it can be offset, but that is used to traditionally develop under utilized areas, and that's what we're doing here, so that's done by voter initiative. anything else i can clarify there? >> supervisor mar: so this -- the community facilities district, when you say by voters, you mean the -- the -- in the case of -- >> in the case of both of these, i believe it will be the

well i think this is the minister of finance. that is really the core government so so far he's the senior most government official who has the arrested for crossfire. and that is a new country because he is the man who runs government police around you know economic country has everything reaction deposition and determined but just and so on and so forth so it is really hard to call. right i just want to bring some of the words from the public prosecutor he says he had that the decision to prosecute mr roach was made quote professionally independently and without the mystical consideration do you accept that statement unconditionally. well. i would give him the benefit of doubt so i accept that statement. because they know that. you know a country where corruption is rampant you book you start somewhere and suddenly you know we we do things in kenya you for anyone is is arrested this is a community that is aggrieved and we would definitely say they are being targeted so in this case i think i wouldn't go into the public prosecuto

introducing lead perhaps a new global currency design for the digital world facebook has promised finance for the future with its new crypto currency announcing its arrival mark zuckerberg said libra would empower billions of people even those without bank accounts will be able to send money around the world with these what's more facebook says libra will be what's called a stable coin meaning it will have none of the volatility associated with bitcoin and other crypto currency it says it will ensure that by linking its value to other established global monetary systems major players are already backing libra even if some of the world's financial leaders are not. bank of england approaches libor with an open mind but not an open door. and now a group of u.s. lawmakers has written to facebook asking them to put their crypto currency plans on hold until congress can assess the risk it poses nevertheless facebook's plans to disrupt money continue to progress with libra expected to begin filling digital wallets in 2020. he was an auto industry legend. not only created the iconic ford mustang

that is why we need to limit the debt financing possibility. second one... mic policy. secondly, in regards to the south china sea, fortunately indonesia is not the party having a conflict with china and, number two, we try to maintain our sovereignty so we always have problem with illegal fishing, including from china, not only from china but from other neighbours. we always try to be strict. illegalfishing is a big no, so we have to deal with this illegal fishing and we do it bilaterally with china. but looking at the region as a whole, i put to you that the former foreign minister, marty natalegawa, urges indonesia to step up its leadership in asean and in navigating this difficult course with china. is indonesia doing enough? in its role as a leader in asean? we are doing enough, trying to maintain the peace and stability in the south china sea by trying to build or trying to facilitate more constructive discussion between our colleagues in asean and china. for example, although you mentioned that the philippines may have had some tension, but i notice la

this is news africa coming up in the next 15 minutes kenya's fight against corruption the country's finance minister has been arrested and charged with graft so does the smog a turning point for the notoriously corrupt country or is this politics at play. and the european union's mission in africa the block is increasingly focusing its attention on countries in this to help as it seeks to curb migration. then on the road in madagascar where a new pope will be ill built by the country's only comment that should be ready for pope francis's visit. hello i'm kristie want to welcome to news africa i'm glad you chink in kenya's finance minister has pleaded not guilty to corruption charges and we've made his 1st court appearance since he's a wrist on monday spent the night in a police cell but he's now been freed on bail he and other senior officials are accused of conspiring to defraud the public over award over the award of a contract to build 2 dams to an italian company he is the 1st sitting kenyan minister to be arrested on corruption charges. kenya is also requesting the extradition off the

. >> i'm with the port of san francisco finance team. i'm working on the mission rock and pier 70 project specifically, and i'm here to talk about the local special tax financing law amendments. it is a local law already existing, and we're adding in some amendments related to these projects. so just as a little bit of background, i will start by giving a brief overview of the two projects for pier 70, which is in district ten. it's around 23 and 3 street on the waterfront. this was the historic ironworkers district. been closed for several decades and welcome to revitalize this space adding a mixed-use neighborhood with housing, commercial space. so the space was entitled in fall 2017. it is 35 acres. we're looking at 1600 to 3,000 units of housing, and 1.5 to 1.75 million square feet of housing. public benefits, 30% of the housing will be affordable on-site? we'll be using local labor with prevailing wages. we will be rehabilitating several of the buildings, which is part of the amendments here today? so you can see in a couple of the p

the finance minister has resigned. the new finance minister in mexico. will continue to bring you headlines out of the meeting between president trump and the emir of qatar. live from new york, this is bloomberg. ♪ david: you are watching "balance of power." marriott is our stock of the hour, falling as much as 2.5% as the company faces a fine by u.k. regulators because of the downgrade from jpmorgan. emma chandra is your the story. emma: the fine is from the u.k. regulators, $124 million for a breach that exposed 100 million guest records, 7 million in the u.k.. the cyberattack happened in 2014 and impacted starwood hotels, which marriott did not acquire until 2016, but the u.k. regulator blaming marriott for lack of due diligence. david: part of the reason they bought it for the data. what are the downgrades in the sector? emma: i have a chart that shows how marriott and hilton have performed on the year. they have been on a huge care, outperforming the s&p 500. they both have taken a tumble over the last couple of days after jpmorgan, beaver we had th

in kenya and they are those who are suggesting that there is politics at play here that perhaps the finance minister has fallen out with certain people and hence is now facing the wind what are you learning about with this is there is no politics involved or perhaps there is. well kenyans call of their country the country of. which means something small which then again means a bride everywhere you go or it's you're supposed to pay a bribe everywhere you go there seems to be corruption and many kenyans tired of maybe a game of politics but just politicians putting the money that they supposed to save god into their very own pockets many of the people i've spoken to today told me that they have resigned to this reality that they don't see a pup isn't going onto the streets anymore and protesting because the only thing that will change is that they will not make a daily income this is not the scandal it's not the biggest scandal we've seen scandals of corruption surrounding kenya power we've seen when it comes to the kenyan railways corporation or even national news so this is but this is the

in kenya and they are those who are suggesting that there is politics at play here that perhaps the finance minister has fallen out with certain people and hence is now facing the wind what are you learning about with this is there is no politics involved or perhaps there is. well kenyans call of their country the country off key google which means something small which then again means a bribe everywhere you go you're supposed to pay a bribe everywhere you go there seems to be corruption and many kenyans tired of maybe a game of politics but dree leave just the politicians putting the money that they supposed to save got into their very own pockets many of the people i've spoken to today told me that they have resigned to this reality that they don't see a pup isn't going onto the streets anymore and protesting because the only thing that will change is that they will not make a daily income this is not the scandal it's not the biggest scandal we've seen scandals of corruption surrounding kenya power we've seen when it comes to the kenyan railways corporation or even national news services

one of the big questions now is not just the polling but also the finances. on june 30th, that was the last day for the finance deadline. we should see numbers rolling out. according to $25 million raised in the second quarter. that's more than triple what he raised in the first quarter. 290,000 individual donors. what that means to pete buttigieg who when you put it in context, nobody even knew who he was. even though the poll numbers might not be there, financially he is there. he has the financial wherewithal with $22 million cash on hand. will the numbers follow that? that remains an open question. as the cnn poll shows, things are very fluid and clearly changing depending on the day. guys? >> and very early. phil, thanks. >>> there is a glaring contradiction when it comes to health care in a new cnn poll. only 30% of potential democratic voters want a national program like medicare for all to replace private insurance. almost half want both in play. when it comes to which candidate can handle the health care issue, bernie sanders comes out on top with 26%

when it came to the finance felonies that he plead to, that was blacked out. that was a leading. the illegal campaign contribution scheme. here's the section that explains that. after that, there are 20 fully redacted pages. tomorrow morning at 11:00 a.m., all of those black boxes will go away and this stuff is released. that's fascinating because michael cohen is already in jail for the felonies and there have been lots of not just question marks, but question marks with exclamation marks after them. why is he the only person who got in trouble for the felonies. we are committed for the sole purpose of benefiting trump's campaign. there was the media company and the "national enquirer" that was involved in conducting a fake cover story. the president's business, the trump organization that was the pass through for the money. michael cohen made the payments initially himself and the trump organization cut him a bunch of checks to cover his cash outlay and a nice cushion for his trouble on top of that. cohen has released copies of the checks that he got to cover the illegal hush mo

in kenya and they are those who are suggesting that there is politics at play here that perhaps the finance minister has fallen out with certain people and hence is now facing the wind what are you learning about with this is there is no politics involved or perhaps there is. well kenyans call of their country the country of google which means something small which then again means a bride everywhere you go on you're supposed to pay a bribe everywhere you go there seems to be corruption and many kenyans tired of maybe a game of politics but just politicians putting the money that they supposed to save got into that very own pockets many of the people i've spoken to today told me that they have resigned to this reality that they don't see a pup isn't going onto the streets anymore and protesting because the only thing that will change is that they will not make a daily income this is not the scandal it's not the biggest scandal we've seen scandals of corruption surrounding kenya power we've seen when it comes to the kenyan railways corporation or even national news services but this is the 1

do you think that will play out with germany being such and playing such a huge role as as the e.u.'s finance here really well this is true i think she is need to do more to have deficits to stimulate the economy to to try to reduce in some places and i think she's right on that and to if she insists on this will be ok because as i said the roof on maneuver for my policy is extremely limited but there's a lot of room for maneuver and fiscal policy and if you need to do more she's right what about misuse of public funds during her time as french finance minister while this is a legal question i can kind of answer this i think all of french politicians some legal problems but i think if she's a qualified person and is she will do a got a good job of europe and for the euro i think that is really what matters you mention she's not an economist she doesn't have to rank active monetary policy experience but we're also talking about someone who's not a technocrat usually a technocrat is chosen for a job like this and known by a nonpartisan technocrat she does have the backing of trump she knows a w

the key players. and she was a finance ministerfor the key players. and she was a finance minister for france as well, don't forget that. we shall see if she gets thejob don't forget that. we shall see if she gets the job or not, and we will see who is going to go for the imf job. the independent, this was all kicking off yesterday afternoon, wasn't it? relations between the uk and china not at their best. not at all. we had jeremy hunt making some comments about china, and really saying that there could be severe repercussions on china, but there is no indication of what that could possibly be, and on one of the news channels he said he would not mention that, that it was not good diplomacy to talk about what repercussions could be at this stage. of course, china not liking those comments. the ambassador in the uk was summoned to the foreign office, so it all got a bit strange, certainly. the chinese are saying, people broke into some of the legal offices and they should not have done that, and that is what this is about. my colleague said in hong kon

we have a new finance chief that has just been appointed, arturo herrera. he was the deputy finance minister and now amlo has upped his stature to finance minister. if you were trading dollar pay so, you have had an interesting 20 minutes or so. extending losses on investor doubts that the chief executive can provide the lender by shrinking the investment bank and returning its roots as a banker to germany. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. investors are becoming increasingly skeptical that the deutsche bank chief christian sewing can pull up the biggest overhaul in the bank's history. that pessimism being reflected in the stock price. another selloff today. christian sewing must be saying, what do you want from me? : he has had since sunday night, have patience. it will be until 2022 that we see real results. it will be costly and painful. that said, remember the initial reaction. people like the plant because it was drastic, but now they are saying it is too drastic. it is a tough thing to swallow. saying, this is better for

so what can india's the new finance minister do to shake—up the country's vast economy? rom london, that's our top story on friday 5th july. india's finance minister nirmala sitharaman has unveiled her budget for the year ahead — and has promised planned structural reforms to kick—start foreign and domestic investment. plus — from online book store to trillion dollar tech giant — amazon turns 25 today. we take a look at how it changed the world. and we'll be getting the inside track on the past week in business — with events in asia taking centre stage from the 620 meeting in japan to the protests in hong kong. and, amazon may be celebrating its birthday, but today we want to know whether you think the online retail giant been a force for good or not in the retail sector? let us know — just use the hashtag bbcbizlive. hello and welcome to business live. we start in india, on a huge day for this woman — finance minister nirmala sitharaman. she's the first woman to run india's finances since indira ghandi almost half a century ago. we've been finding out how she plans to re

the finance ministerofa experience of being the finance minister of a country, and so on, but competition directly against mark carney, governor of the bank of england, whose term comes to an end very shortly, who george osborne appointed. but has mark carney said about anything about working at the imf? is this speculation? could be speculation, maybe he is keeping his cards close to his chest, it will be a long shortlist, it is a pretty prestigiousjob. a long shortlist, it is a pretty prestigious job. if i was mark carney, i would want a sabbatical! stressful time. and what would the evening standard do without george osborne? i am sure that they will manage...! going through before we leave, a couple more tweets, including, this one, multiculturalism is not about gaining knowledge of best practices, it is something to feel proud of in the us, so why not have future yogis. that is, he is talking about the 4th yogis. that is, he is talking about the 11th ofjuly. yogis. that is, he is talking about the 4th ofjuly. a nice hanger stea k, the 4th ofjuly. a nice hanger steak, they say. no com

this resolution would require the city to conduct a bond financing application which is not to exceed $50 million. the proposed bond issuing will be conduit financing and not require the city to prejudice any of its funds for repayment of the bonds. about the project, it will be a 105-new unit supportive construction to be located at 401 avenue of palms and treasure island. it's being developed by china town development corporation. 42 apartments in the building will serve as replacement housing for formerly homeless veterans. the remainder will house formerly homeless or low-income veterans. all units will serve extremely low and low income households. we intend to return later to the board for the bond issuance approval and we anticipate it will close next here. here i have my colleagues with me if you have any further questions about the project and we ask that the committee send out the resolution to the full board with positive recommendations. >> chair fewer: thank you very much. let's open this up to public comment. any members of the comment like to speak on item number 4. see

when we talk about the infrastructure revitalization and financing district. we are talking about tax increment that is part of the base property tax collected by the city. when we are talking about the cfd assessment, that is an additional assessment that is above and beyond the normal one percent property tax. just visually illustrating that. the facilities special tax is meant to reimburse the developer for eligible infrastructure costs for the first 42 years in each improvement area. each improvement area will have its own clock. the developer will have access to the first years of accra meant, for reimbursement of eligible costs. but after that, it is available to the authority to pay for eligible capital expenses. it is intended to fund capital reserve for the island. again, primarily for sea level rise adaptations. the target is to establish a reserve of up to a quarter of a billion dollars. adjusted for inflation. the facilities special tax will be our ongoing source of maintenance for the parks maintenance and operations of the open spaces. just as a r

and so i'll see you back then. >> this is the budget and finance committee. we [gavel]. >> supervisor fewer: this is the budget and finance committee. we are reconvening, and i am going to recess until 4:00 today right back here in this room. [gavel]. >> chair fewer: thank you very much. [gavel]. >> chair fewer: so we are reconvening the budget and finance committee, and i would like to recess again. so sorry, apologies to everyone who spent their whole day here, but we're just crunching some numbers. we're very, very close, so i'd like to reconvene until 5:30, and we'll see you back then. thank you very much. >> chair fewer: and i'd like to recess this meeting again until 6:30. thank you. [gavel] [gavel]. >> chair fewer: we are reconvening the meeting of the budget and finance committee. i would like to recess this meeting until 8:00. thank you very much. [gavel] [gavel]. >> chair fewer: so we are reconvening the budget and finance committee, and we will recess until 9:00. thanks. [gavel] [gavel]. >> chair fewer: okay. we are reconvening the budget and financ

the g 7 finance ministers and central bankers sitting together here all have grave concerns about facebook's proposals and have set themselves the goal of very carefully checking that all current regulations are being complied with and checking whether the rules need to be changed for the future so that we can ensure the stability of international financial systems systems ground. 0 if labor is to be used for payments it will have a significant impact on the economy and financial system if facebook wants it to be used globally countries must seek a globally coordinated response. are you listening. central bankers don't appear to have been at all convinced by facebook's assurances that it has no intention of competing with sovereign currencies i will only launch libra once regulators are satisfied. to system around the table wasn't limited to facebook french finance minister bruno lemaire used the opportunity to his counterparts to join france in taxing many of the biggest internet firms. and a cool new this is an agreement between the g 7 nations would be decisive i

it's expected the finance minister will announce the country is increasing its budget deficit.y raising borrowing could be the key to getting growth rising quickly. zoe thomas in mumbai. india also faces an escalating trade row with the us with the new government's trade budget released today stop we sat down with the chairman and co—founder of it services tried emphasis and we asked him if he's worried about the outlook. it's at an inflection point. there's a need to increase the growth rate and have job creation, one of the big challenges is we have millions of young people coming into the workforce every month and we need jobs for all of them so they are satisfied and they have economic and social. the banking system is an area where there is attention because historically the banks have accumulated a fair amount of non—performing assets, bad loans, and that needs to be addressed and agriculture is another big focus area. we need productivity back into the agriculture area, farmers getting more income, and water will bea getting more income, and water will be a big challenge

well i think this is the minister of finance think that is really the core government so he's the senior most government official who has the arrested for corruption and that is the new country because he is the man who runs government police around you know across the country as there are in connection deposition and determined but just and so on and so forth so he's really had to call. right i've sort of going to see is some of the words from the public prosecutor he says he had that the decision to prosecute mr roach was made quote professionally independently and without the musical consideration do you accept that statement unconditionally. well. 1 i would give him the benefit of doubt so i accept that statement. because they know that. you know a country where corruption is rampant you book you start somewhere and suddenly you know we do things in kenya you find you one is is arrested is a community that is aggrieved and would definitely say they're being targeted so in this case i think i wouldn't have go into the public prosecutor's statement critics argue that all they've said.

raise another round of financing and if they're doing well the valuation will be higher on that segment of financing. in general for each round of financing at the early stage that can be one major venture investor. if are lucky enough to have that opportunity we will be the major investor. when you get whatever subsequent rounds of financing it's the case additional venture investors will now join every part of a company. we have an interesting relationship with our other venture capital firms in industry. we're partly competitors but many times we're partnering with her other venture capital firms because we are investing alongside either an earlier round or later round of the same company. >> host: do you have a say so in other business operates during that first round of financing? >> guest: so the way our business works is we have a set of governance rights that typically are attached to the financial interest we invest in the company. often we will sit on the board of the company so we'll have the right that a a board member hae to make decisions about whether the ceo is appropria

also everyone knows the new man in number 10 downing street but who's the new guy number 11 finance minister has the toughest job in boris johnson's new cabinet he will have to guide the british economy into breaks it. today will the new turkish central bank chief turn out to be president pull. its. existing business on. facebook shares have been rising in extended trading after. beating 2nd quarter revenues of almost $17000000000.00 this just hours after u.s. authorities hit the social network with a spectacular find the u.s. federal trade commission ordered facebook to pay $5000000000.00 over its failure to protect use a date of the f.t.c. also meant mandates at the network to set up an independent committee to oversee its privacy policy c.e.o. mark zuckerberg says his company was in the process of making major changes that signal a quote new chapter for facebook. he is standing by in frankfurt chelsea we've seen companies hit with big fines a lot recently and shares usually went down on the news if the underlying numbers were still good why is it different this time. that's fair for a lot

it says there could be a £30 billion hit to the public finances. rime minister to force through a no—deal brexit. also tonight — the brother of the manchester arena attacker appears in court — he‘s accused of helping to make the bomb that caused such carnage. get on the ground! are too many criminals getting away with it? a record low for the proportion of crimes solved.