You should have a box on your screen that shows how much time is remaining. Some trouble and ive had senators tell me they just cant find that box or they dont see it. Last hearing one of the senators asked me to give them a reminder. I will do that this time for everybody. So at 30 seconds left on your clock, there will be a tone, a bell ring to remind senators and witnesses that their time is a most expired, then at the end of five minutes, another bell will ring. That way we can all know how the clock is working even though we dont find it on our screens. Today we will receive testimony from the securities and Exchange Commission chairman jay clayton regarding the work and the. Genda of the sec thank you for your appearance before the committee today which is essential to our oversight of the sec. And welcome. You last appeared before this committee in december of last year. The covid19 pandemic hit the United States shortly after that hearing and thesec has taken many important ste
Question, we will move to the next senator until resolved. I remind all senators that the five minute clock still aflies. You should have a box on your screen labeled clock that shows how much time is on your screen labeled clock that shows how much time is remaining. But we have had some troubles, and i have had senators who cant find that box or dont see it. And so, in fact, last hearing one of the senators ask me again to get a reminder, i will do that at this time for everybody. So at 30 seconds left on your clock, there will be a tone, a bell ring, to remind senators and the witnesses that their time has almost expired. At the end of the five minutes, a bill will ring. That way we can all know how the clock is working, even though we dont find it on our screens. Today we will receive testimony from the security and Exchange Commission chairman jay clayton, regarding the work and agenda of the sec. I thank you chair clayton for your appearance before the committee today, which is e
The foretwoity was an intent. I think thats something that we should all explore. Thank you. I have worked on legislation. Its a little late in this session under your tenure that would create guardrails and prevent these kinds of failures and abuses. I think your comments were appropriate. We allow companies to still do they have to provide Real Transparency which they dont always. Have to reward workers not just shareholders. Senator brown ill close with a statement. We saw earlier this year the pandemic crashing our families, hospitals, and the economy. How the market seized the up. The s. E. C. s recent report on interconnectedness in the market offers insights but no real policy recommendations. I know that you and vice chair and represent duty pute secretary money market reforms were not good enough. It is clear your successor, the next banking regulators will need to reduce risk from interconnectedness and excessive leverage. The economy may in the future will depend on it. Than
About how trading does and should work. Stocks were significantly up today after the biggest selloff in three months wednesday. The dow surging 300. S p 500 up 37. Nasdaq gained 67. Lets find out what this means for you and your money. The story of gamestop is a story about Institutional Investors versus a lot of little guys all making similar trades. Kristina partsinevelos of fox business joins us from new york. Good evening. Good evening. Its a rebellion between the Retail Investors and wall street. Its got a lot of people worried. Congress, sec, treasury secretary janet yellen. They are going to be monitoring the stock swings as well as trade restrictions. You have Companies Like gamestop that are used as a weapon. You have large, big hedge funds that noticed things werent going so well with gamestop. People werent going to stores to buy a lot of these video games so the big hedge funds shorted the stock. They bet the stocks would fall. Smaller retail guys banded together in online
211,000 cases and 5400 deaths. It is Prime Minister Boris Johnson is facing a battle in the house of lords over his controversial plan to break International Law over brexit. Prime minister johnson has agreed to give the house of commons a veto over whether the government can exercise its proposed powers to override parts of the brexit agreement. He made a after meeting conservative mps who were threatening to rebel against him. The house of lords is expected to reject a bill by a large margin. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories from around the world we are following. Investors reacting to the feds signal it will leave rates near zero through at least 2023. Chairman powell striking a cauti