Testify on the impact of regulations and efforts to create more diversity in the Financial Sector. This hearing is just under three hours. The subcommittee will come to order. Without objection, the chair has authorized to declare a recess of the subcommittee at any time. Without objection, members of the full committee not on this subcommittee are authorized to participate in todays hearing. Members are reminded to keep their video function on at all time, even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to mute themselves after they finished speaking. Consistent with the regulations of House Resolution 965, staff will only mute members and witnesses as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules pertaining to order and decorum applies to this remote hearing. This hearing is entitled Holding Financial regulators accountable for
Morning. And the nasdaq is down by 182 points a lot of this is whats happening in europe right now. You dont just look at the oversees market but were going to take our queues from what is happening there. You can see the ftse down by 3. 4 and the other markets are down by more and a lot of this is coming in the last few hours. They could be considering a second lock down as covid cases there have soared theyre back to the levels in may. Theyre concerned about whats happening with the number of cases and the hospitalizations admissions doubling every 8 days theyre now looking at 6,000 cases a day and again theres been some talk of a potential second lock down there now they want to make sure that schools can stay open and that some businesses could stay open but just the threat of that, the potential for the second wave coming is enough to push all of the stocks in europe into the red. If you take a look at whats been happening with travel and leisure stocks they were down by 6 earlier
Todays talk by Matthew P Fink is something i have been looking forward to because i like matt. I dont know anything about the subject. I will be learning with you today also. Matt comes to us he is retired now. He spent the bulk of his career with the mutual fund association. He wrote what you described to me as a Landmark Book on mutual funds. He followed it up with this book last year. Carter glass and financial regulation. He has a few images to supplement his discourse and then he will take some questions. Come on up. I have a funny thing happening getting here, i live in ceviches maryland, and then i called for lift, and they came within a minute. I had purely barely put on my tie. I i got my lift as he was pulling away, i realized that i had not put a belt on my trousers. So i had a vision of being on here without having a belt and my trousers falling elm on air. So carter glass, i will talk for 2025 minutes and then take questions. So carter glass, was a major figure in American
Giving cpr. We couldnt do anything. We were there live last night, it was horrifying. Have police at anything about this possibly being gang related . So police were not confirm or deny any connection to any gangs of the woman you heard at the end of the story says in no way, shape or form a family affiliated with any gangs, coming up at six we will hear her message directly to the gunman. A heartbreaking scene in oakland chinatown, the massive fire tore through a destroyed. Businesses and markets in that neighborhood. Chopper five over that fire this morning along webster street. As you can see the building covers the entire block about two thirds of that building is totally burned. The popular the monies restaurants just one of many that now has to deal with this during an already tough time. Crews say all the businesses insider either damaged from the flames, or the water. Fighting in chinatown is almost no different than anyone else in downtown oakland, where they are both very clo
Ginsburg made the political picture in washington significantly more complicated with some analysts saying the odds of another round of stimulus before the election falling sharply. Bank stocks are getting crushed today as well amid new report about major firms dealing in suspicious funds well have more on that in just a bit. We have 59 munz left left to goy volatile session still make for the worst day in a while. Percentage terms, were down 2. 2 as we stand ahead will be all over the selloff in the final hour of trade. Billionaire investor Mike Novogratz will join us with his take on todays plunge and whether he is buying any of the dips after three straight lease losing weeks and well speak with john kerry in an exclusive interview. Well get his take on the Supreme Court, on stimulus, on the election and that final month run in of campaigning which, of course, he knows so much about lets focus in on the big stories were watching on a very busy day of news mike san toll toli is track