This morning on Capitol Hill Bank regulators are testifying on climaterelated Financial Risks and Monetary Policy. They are appearing before the House Financial Services subcommittee. We will have live coverage here on cspan2 when that hearing gets underway. [inaudible conversations] the committee will come to order. Without objection of the chairs authorized to declare a recess at any time. This hearing is entitled climate risk are financial regulators politically independent . Without objection all members will have five legislative days within which to submit extremist materials to the chair for inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Federal regulators represented here today have coordinated to promulgate principles for managing climaterelated Financial Risks. The guidance and information requested by the regulators aligned with a 2021 executive order, efforts promoted by the Financial Stability Oversight Council. Chair yellow
Heres another factor. The all important Big Tech Companies announced their Financial Performance in the next two days. Theres a few nerves here. Any disappointment would upset the whole a the cart. We should also say that the market is due for a setback after 15 month near straight up rally. Well thats money. Now politics. Tonight, the state of the union speech. The as the is cleared his schedule today to prepare hes likely to sell his growth plan and maybe reach out for a bipartisan immigration deal. And heres the news that is truly rocking the world of politics. The memo, spelling out reportedly deep state goings on before and after the election. We may get to see it. The fbi director read it and promptly got rids are of Andrew Mccabe fbi guy at the center of the memo. Money and politics, what a day. Varney company is about to begin. Have we got a big deal to report right off the bat . And it is moving the whole market. Amazon Berkshire Jpmorgan they are teaming up to create a new co
Been exposed to live anthrax apples are you confident as to whether or not we would have had proper vaccines and therapeutics in place to save lives . Am confident that we do. Are you confident, doctor hassell . Okay. Are you confident that we have enough proper vaccines and therapeutics in place to save lives . I do not have sufficient information to answer that question. Nor do i. Would that be for the workers that are being exposed or how about with respect to the Committee Building on the congressmans questions about one of these individuals if you have been exposed to presented to any our . Can you explain to me what your view is if you have one . Thank you for that question. The Strategic National stockpile did provide vaccine for the states that have workers while receiving prophylaxis. I am confident we have the ability to do it the vast supply of countermeasures for anthrax,anthrax, the nature of the events you might be trying to prepare for always determines whether you have
That means the facility, as an appropriate facility has Good Laboratory practice and appropriate rules. It includes the fbi review of personnel reliability on all of those who we will be using it includes a set of requirements elevate biosafety and security inventory management, Access Control and it includes a process and ability to detect and respond including the notification of jurisdictions that have these facilities including but we did with the anthrax response being able to go in investigate, identify whether people are at risk and whether they are and this involves private sector as well as Public Sector institutions; is that correct . Thats correct. Where you find the best practices going from . Doctor hassell was talking about going to the private sector. Where are we finding the best practices today . Private or Public Sector . It is a combination of both. We will look at the private sector. That often does not happen as a 1st reaction. The department of defense my centers
Grasso not bad better looking so nice at this time of the day . No one is better looking at this time of the day. I saw you in makeup need some ice packs you dont need makeup you need a surgeon more powerful than a brush dont we all. We will need something more powerful than water. You guys are Drinking Water hot water with lemon. U. S. Equity futures, markets closed at record highs again dow futures up by 24 points, nasdaq down by a half. I think the zp s p closed up 14t of the last 15 sessions. And picking up steam. The s p 2534 right and were not that far from 23,000 at this point who knows whether we get there 14 , 15 on the dow for the year its supposed to be mid Single Digits thats all we deserve. How long have people been saying the market is overvalued . 2200 you can say more than that it keeps rolling you cant short it. Dont chase this rally. Lets tell but news just out. Pepsico out with earnings. The company is in with much stronger than expected numbers core eps 1. 48 compar