[inaudible conversations] the subcommittee and Senate Judiciary committee will come to order. I would like to thank our witnesses for participating today, my colleagues for joining me. I would like to thank Ranking Member tillis and his staff for working for putting this hearing together and thank senator blackburn for partnering with us on this hearing. About ten months ago, senator tillis and i held a subcommittee hearing on Artificial Intelligence and copyright law and their intersection. I opened the hearing with the debut of a new ai generated csonka, aia i, a riff on Frank Sinatras New York New York with lyrics created by chat gpt and Voice Cloning Technology used to mimic Frank Sinatras voice. The song was fun to create with permission from the right holders of course, but also highlighted some pressing legal questions about generative ai, was my song protected speech . If i hadnt gotten permission with the song have violated mr. Sinatras rice to his voice and his style . Since
Is a place where actually, the taliban has taken action against that group in ways that are consistent with our also concerns and interest. So that is one piece. Well leave this program here for live coverage of the hearing on Artificial Intelligence. You can continue watching if you go to our website cspan. Org. We continue now with a Senate Hearing on digital replicas and Artificial Intelligence. I open that hearing with the debut of a new ai generated song aiai, a riff on Frank Sinatras new york, new york, used to mimic Frank Sinatras voice. The song was fun to create, with permission of course, was my song protected speech . If i hadnt gotten permission, would the song have violated mr. Sinatras rights to his voice or his style . Since that hearing, ai generated replicas have only grown more pervasive, from deepfake videos of celebrities hawking products, posing as legitimate hits to scammed calls mimicking a panicked grand childs voice. Ai generated videos of tom hanks and gayle k
1. 75 decline for nas and 4. 78 tenyear note deal. And that is a considerable story well get to all of that. First, though, breaking news on General Motors and phil lebeau who has that for us. Reporter scott, we have q3 sales for General Motors going up 21 compared to the Third Quarter of last year with ev sales jumping 28 compared to the Second Quarter of this year. Why are we seeing increased sales . A big part of it is better production, the supply chain has improved year over year. As a result gms inventory the end of Third Quarter the strongest since q3 of 2020. That will be relevant as the uaw strike plays out in the days and weeks to come. One last note gm, scott, says it sees q3 sales for the industry overall in the u. S. At 15. 5 million vehicles. Thats an indication that the consumer has rebound considerably compared to where it was in q2 and last year. Phil, i appreciate it. Thank you. Thats phil lebeau. We saw the stock moving interday not on the sales numbers, but certainl
Yields we continue to grow lower in stocks. And everything about the q4 playbook begins in the direction for yields. I do not see any fundamental catalyst in front of us for yields to fall. The last several days and certainly in the previous quarter, the equity market is telling you what the playbook should look like, and you think about utilities and in q3, they bolted down 10 , and its not about a safe haven. Utilities are down today alone, and high yielding sectors are not advantageous. The only area of the market i believe you could have a degree of confidence that while rates could stay higher for a sustainable amount of time is the mega caps. We go through the reasoning behind it, whether its the strength of the Balance Sheets or whatever it might be, and i believe a lot of it has to do with positioning. You have seen the nasdaq is slightly higher while the s p is down. Its not coming from financials. Look at financials and they are down two to 3 in the last five days, and target
You havent had that and i think looking forward when youre trying to understand where you go with retail, understand that just because chinese consumption might increase on the part of the consumer the u. S. Consumer is going in the opposite direction. Im looking at names like i just pulled up el, estee lauder. If we think that consumer in china is about to turn a corner, if you believe, you know, donna hoe has good visibility over there, been over there a couple times, what he saw, stock up 2 1 3 , there are other names super reliant on the Chinese Consumer getting out and spending not only in the mainland but certainly around the world. Absolutely. And i think, you know, the Chinese Consumer also has saved significantly during the pandemic years, more so than u. S. Consumers so there is a lot of cash sitting on the sidelines leading to potentially be spent which could be pretty powerful, especially for some of these companies where stocks are down and out. I agree with joe that the u