Next time. [applause] our live coverage continues now or three marks from the San Francisco Federal Reserve Bank President mary daly who as an event hosted by the brooking institution. We joined the slide in progress here on cspan. I think my team calls extreme data dependent where i will be watching and looking at people asked me this question, i think it is an important one, common or public data releases will we get before the meeting . If date adjustment public data releases, probably would could. But that is not what we mean by data. We be talking to firms and households and worker groups and community groups. You can do that all the way up to the meeting and then you have the debates and conversation at the meeting, which help us make the best decisions. Besides looking at all the data that comes in and the economist to work for you parsing the different ways to slice and dice inflation and labor market data, how else to go about getting information about what is going on with th
Silicon valley bank and Signature Bank collapse. S. The hearing took place before a House Financial Services subcommittee and runs about 90 minutes. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. I would like to take five minute heres for a brief opening statement. Mr. Huizenga congressional oversight a a constitutional authority, used to maintain the well being of government. This is a lesson i learned from my fellow congress sorry, weve got to make sure we get the timer going. There we go. This lesson of oversight was something that i learned from someone who is considered the lion of the house, john dingell. He was still in congress when i first came here and he taught me a couple of things. One, he called it the tyranny of the vote. Didnt matter who you were with, what you were doing, what was happening or where you were. When they rang the bells we had that time to go to the house floor to vot
This hearing is just under four hours. I spent. [background noises] the committee will come to order. Without objection the chair is authorized to declare a racist of the committee at any time by this hearing is entitled semi annual report of the bureau of financial protection. Without objection all members will have five legislative days within which to submit extraneous materials to the chair or inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Thank you director for being here today. As the director you wear a lot of hats. You are a member of the federal Deposit Insurance Corporation and the Financial Stability oversight consult. This committee spent a lot of time understanding how regulators reacted to the failures of Silicon Valley macon signature bank. Given both the fcic have equal rolls in the failures i am looking forward to hear about your involvement in the decisionmaking process. As we said the fdics chair grunberg and pfister ba
Fall just as fast. Plus after taking off jack dorsey square, Hindenburg Research has a new target. This time carl icahn and we lay out the key factors at play. Its wednesday, may 3rd, 2023. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Im frank holland. Lets kick off the hour with a check on stock futures after a sharp decline yesterday. Looking at futures right now, theyre strongly in the green across the board you can see the dow opening up 20 points higher today is very early. Its a huge day, all of this ahead of the federal Interest Rate decision out ahead at 2 00 p. M. And then the News Conference to follow a tenth straight rate hike from the fed, one of the items on wall streets wall of worry along with the continued debt sector much more on all of that coming up later in the show with that in mind were checking the bond market starting off with the benchmark 10year note at about 3. 30. The 2year yield back below 4 were also
Alright, i rec, which of the headlines here in al jazeera and people who don scrambling for fuel food and basic necessities after their nation was thrown into turmoil by a violent power struggle between the army and the par military. Rapid support forces, the warring sides have agreed to a 3 day extension of a shaky seas far. But despite the truce fighting continued in and around the capitol, how to on sunday continued fighting his make it difficult for thousands of people trying to leave sudan. Many a may he, a treacherous journey to ports you down on the eastern coast for evacuation ships . Thousands of pack the area and some of waiting for days to board. A ship pergola is conservative, Ruling Party Candidate has won the president ial election. Santiago penas, Colorado Party has been in power for most of the last 75 years, is sent to left rival, a friend allegory, last by huge margin. Despite running a tight campaign, scubas government has canceled the nations biggest annual event mo