The meeting is coming to order and were going to declare the recess at any time and its called sem annual system on the sup super vision and i recognize myself for three minutes to give an opening statement. As we know the act decreased way beyond the monetary responsibilities. The act is made the fed omnipotent. Through the exercise of the heightened standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh wrote that Central Bank Power is premisable when the scope is limited and the track record strong and the aaccount blt assured. None of that do we observe today where as the feds has taken us and the big banks are now bigger and the small banks are fewer and the Economic Growth lags and theres evidence that the economy is more stable. Two mu fed authorities granted under dod dx frank have been problematic. The see kra si make it impossible to measure the over sight or the integrity of the test findings. As columbia has testifie
Down another 1. 7 to 39. 07. Also, the u. S. Governments Energy Information administration said stockpiles climbed by 9. 4 Million Barrels last week. A couple other stories were following. Starboard reportedly now ready to finally launch a proxy fight to remove yahoo s entire board. The furm has now been a vocal critic of the tech companys management, most recently asking yahoo to sell its core business. Starboard owns less than 1 of the company. The wall street journal saying they will nominate nine directors to yahoo s board. Also, yum brands is reportedly in talks with private equity firms kkr and hopu inforvestmen to sell a Minority Stake. Reuters reporting the possible stake sale values the China Business at about 10 billion. And app sl reportedly expanding its Payment System into mobile websites. Its going to do it later this year. Recode says the move will happen before the Holiday Shopping season. Apples Payment System will be integrated with its Safari Browser to allow purchas
Itunes for print news, if you will, coming up. They are already in europe being introduced here in the United States. And offering refunds if you dont like the article too. Is that right . Really, thats interesting. After the bell, hall of fame basketball star bill walton will discuss his new book and whether nike blew it when it lost steph curry to rival underarmour. If you havent read it, i highly recommend it coming up next hour. Do you think bill will have an opinion . Did you ever see a cat fight a big . Ever been to tucson in july . Where were we . Lets get to the markets as we head towards the last hour of the week. Heather hughes. How are you . Hi. Sitting at post nine at the New York Stock Exchange and Rick Santelli from chicago. Ben, were breaking this fiveweek winning streak but not by much. We havent had the kind of pull back you would imagine the market would need after the kind of gains weve seen over the last month and a half . I think what weve seen is very healthy. We
Vote the presiding officer are there any senators in the chamber wishing to vote or change their vote . If not, on this vote, the yeas are 52, the nays are 43. Threefifths of the senators duly chosen and sworn not having voted in the affirmative, montana he radio consideration, the upon reconsideration, the motion is not agreed to. Mr. Mcconnell mr. President . The presiding officer the majority leader. Mr. Mcconnell send a cloture to the desk for the alexander substitute amendment number 3801. The presiding officer the clerk will report. The clerk cloture motion, we the undersigned senators in accordance with the provisions of rule 22 of the standing rules of the senate do hereby move to bring to a close debate on Senate Amendment number 3801 to calendar number 96, h. R. 2028, an act making appropriations for energy and Water Development and related agencies for the fiscal year ending september 30, 2016, and for other purposes, signed by 17 senators mr. Mcconnell i ask that the readin
No traffic issues, minutebyminute updates on breaking news. A Fairfield Township woman and her daughter are dead. And Police Believe it was a murder suicide. Suicide. Investigators are now searching for the reasons why, Jordan Burgess is live with what were learning this morning. Right now police here in Fairfield Township are calling this a family matter. But what that matter might be they havent gone into any detail on yet. At this point Police Believe that a Family Member showed up at this home on springcrest drive sometime between 7 and 9 last night. What they found down in the basement was a mom and her daughter both shot to death. They say there arent any signs someone had broken into the house. And at this point they believe the mom shot her daughter and then took her own life. Right now might have led up to this shooting saying only its very sad. Well be working throughout the day to find out who that mom and daughter were and how this story had such a terrible ending. Reportin