Morning. Welcome to the subcommittee on communication and technologies. I am glad to welcome our witnesses back before the subcommittee. I know it has been seven months since we had you before us and i know we all missed the warm welcoming atmosphere of our hearing room. Despite that passage of time many issues that were of concern to us then still remain unresolved today. For example, i asked about the investigation into phone carrier selling the realtime location of nearly every american. Mr. Chairman, you told me even after more than one year had passed we still cannot tell whether this practice has stopped and could not say whether the impacted individuals have been notified and could not tell us that members of congress and lawenforcement had their locations sold or tracked and in june of this year you told senator blumenthal that you were wrapping up this investigation and with that recommendation shortly. That was six months ago. We still dont have them. Chairman sloan and i wro
Washington, d. C. And around the country so you can make up your own mind. Created by cable in 1979, cspan is brought to you by your local cable or satellite provider. Cspan, your unfiltered view of government. Host this week on the communicators we want to introduce you to a new guest. His name is bob udell, ceo of the consolidated communications and joining us as the guest report is matt daneman of communications daily. Mr. Udell before we get into some of the issues that we will explore with you, tell us a little bit about consolidated communications. Guest thank you for having me today. Consolidated communications is a Broadband Service provider that Services Mostly rural areas. Were passionate about bringing Broadband Services to our customers. Our territories extend from the Northern Areas of the midwest all the way down to east Central Texas and from the outskirts of sacramento up into the most Northern Areas of northern new england. Host what exactly is at the service you provi
Northern areas of the midwest all the way down to east Central Texas and from the outskirts of sacramento up into the most Northern Areas of northern new england. Host what exactly is the service you provide . Guest we provide Broadband Services to consumers, commercial customers and even backhaul or connections to wireless powers. We Service Everyone in the community and we help Rural Communities connect with the internet and really are passionate about living, working and playing in those committees and raising the economic developer and prospects. Host who are your competitors . Guest competitors are the Cable Tv Companies but often we serve places where they dont go so you will see Wireless Service providers which is technology we employ as well to extend our fiber footprint but that is predominantly the competition. Host mr. Udell, to someone who has your service write out a check to consolidated communications or send money to consolidated every month . Guest they do. We are not
Minutes from santa cruz into los gatos as you recover bay bridge traffic not recovering from anythdng its that typical grind into san francisco. Youre backed up through the maze but it looks really good on the upper deck for becca. It is gray skies that were seeing a crew asa much of the bay right now. This is normally our san franciscos get a city skyline shot you can cause and see the transamerica building there just barely alcatraz there in the middle of your screen. But yeah it is socked in by the faa and were seeing a lot of low lying com its only going to continue as we get through the rest of the day keeping temperatures very cool and were seeing this cooling trend through tomorrow as a matter of fact and im also tracking. A real weak system coming out of the Pacific Northwest heading our direction that might have have some a drizzle just along the coastal spots maybe early tomorrow morning so keep that in mind you might need those windshield wipers if youre traveling on one ear
Some pessimism over in europe. The bond rally echoing what we saw yesterday in europe. Yields down by about four basis points. Bank earnings are kicking off this morning. Beats onp reporting everything except equities and trading. Sonali they did not be dont Equities Trading, but they did beat on fixed income, so that is good. They want to be the number one Equities Trading shop, so not beating there is not a great sign. Average loan growth a little sluggish. Jamie dimon put some notes of caution in the initial statement, saying that Consumer Sentiment might be strong, but generally a lot of weakening sentiment here. In the initial statement, they dont give the outlook for Net Interest Income. However, if they revise downward once again, they already revised downward last quarter, that could be a big deal as well. Alix Net Interest Income is 14. 23 billion this last quarter. Walk us through what we did now. Billion . Ed it to 57 to 57. 5he revised it they revised it from 57. 5 billion