California congressman brad sherman chaired the hearing. The subcommittee will come to order. Without objection, the chair is authorized to declare a recess at any time. The full committee not on the subcommittee are authorized to participate in todays hearing. Members are reminded to keep their video function on at all times. Members are reminded that they are responsible for muting and unmuting themselves and to mute themselves after theyre finished speaking. Consistent with the regulations accompanying the resolution, the staff will mute members and witnesses as appropriate when not recognized in order to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this hearing. This hearing is entitled Insider Trading and stock option grants, an examination of correspondent integrity in the covid19 pandemic. We know that we have votes on the floor. We will not have any further delays of this hearing in order to allow members t
Themselves after they are finished speaking to mute themselves. Members andtes witnesses as appropriate when not recognized in order to avoid background noise. Members are reminded that all house rules related to order of the court applied to this hearing. Insidering is titled, trading and stock option grants the examination of corporate integrity in the covid19 pandemic. We know we have votes on the floor. We will not have any further delays of the hearing in order to allow members to vote. Rather members should go vote haveeturn and while we all part of the alphabet to vote in, i am sure there could be some accommodation made so if it is your turn to ask questions, you can vote with others not of your same alphabetical characterization. Believe mr. Ting, i meeks has agreed to serve chair until my return. I will recognize myself for five minutes for an opening statement. System isl market unique in history. Up until 150 years ago every Business Enterprise was made up of people who kne
She died in 18 talks about the struggles she faced and running for president and she discusses the 1982 president ial election. How do you explain this incredible president ial year . I think i can explain it in terms of the fact that weve sort of gotten to a point in American History now where the American People feel a kind of alienation and cynicism from traditional politics as we have known it, when we are addressing the selection of a person as head of state for years also known as president , the democrats feel that the democrats and republicans are all part of the same traditional package, that there needs to be change in america and that if the change doesnt emanate from the programs and the agenda or the plants of either one of the two parties americans have gotten to the point where they are willing to make that change outside of the regular two party structure. But how do you think we got to that point . I ask you because youve been involved in politics for a long time in cl
More on all of this massive stock market volatility with 59 minutes left of trade. Coming up in the show, were down 2. 5 on the s p 500 and we have a big show coming up for you today were going to talk about all of those things that you just mentioned. We have former cisco ceo John Chambers coming up were going to talk about the comments from President Trump about potential decoupling between the u. S. And china and you will not want to miss what he has to say he previously used to run major Multinational Organization that operated both in the u. S. And had a small part of the business in china and then on todays selloff, you want to hear from Mike Novogratz the ceo and founder of galaxy digital. He said there was a frenzy in stocks he called for major selloff and what do we have on our hands now . Well hear what novogratz has to say now. Lets get to the big stories that were watching. Mike santoli is tracking another rough session for the market phil lebeau is following major moves in
Exacerbated by the pandemic. Individuals, especially in that situation, they depend on facetoface contact with someone in Social Security or at least someone they can talk to. And i dont know if youve ever tried to call the 800 number, but if you have, youre going to be on hold for a very long time. I think having more resources as you just pointed out, as shaun mentioned would go a long way. I have made recommendations that Social Security make an effort to partner with some nonprofits in the area to help in advising those who want to claim ssi, how to navigate the system and i think thats worth exploring. I hope Social Security will take that up as well. Congressman mr. Ferguson is recognized. Thank you, mr. Chairman. Thank you for your leadership. I think we all agree the worse thing that any of us could do is not to act on this issue. If you want to see real harm done to americans, lets not do anything and see what happens. I would like to commend both of you for your leadership in