| Zuckerberg's testimony left lawmakers just as concerned about libra as they were beforehand | | |  | THU, OCT 24, 2019 | | | | | | WHERE BUSINESS AND POLITICS CONVERGE | | | | Hi readers,
Facebook CEO Mark Zuckerberg returned to Capitol Hill this week, where lawmakers grilled him for over six hours about the company's cryptocurrency plans, political ads, disinformation, and housing discrimination. CNBC's Lauren Feiner, who attended the House Financial Services Committee hearing, reports that lawmakers she spoke to left just as concerned about libra as they were beforehand. CNBC also caught up with Rep. Maxine Waters, the committee's chairwoman, who is urging Facebook to halt its plans to launch its cryptocurrency. You can watch that full interview below.
As the Trump administration continues to negotiate with China over a trade agreement, Vice President Mike Pence gave a wide-ranging speech today on the Trump administration's China policy. If you missed the speech, Kevin Breuninger and Dan Mangan will catch you up on the highlights. Pence said the U.S. does not want to "decouple" from China despite "the many challenges we face in the U.S.-China relationship." He also touched on the recent NBA controversy, accusing the association of "acting like a wholly owned subsidiary" of China's ruling Communist Party.
Oh, and be sure to mark your calendars for the next Capital Exchange breakfast on December 4th. More details below.
See you next week!
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Growth in the Heartland
Small and medium sized businesses are the engine of the U.S. economy, as well as local economies. As once struggling regional cities experience a renaissance with companies and young workers returning to the urban core, we ask how policy and incumbent businesses can turbocharge this trend.
| | Growth in the Heartland December 4, 2019
Washington D.C. | |
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