Announcing just days after california ordered the company to stop operations in the state. This is today in the bay. Good friday morning to you all. Im marcus washington. Im laura garcia. Were talking about sweater weather. Kari, are you officially declaring it . Absolutely. When you talk about temperatures in the 30s, its past sweater weather. Were on to the heavy coats. There you go. It is 33 right now in sonoma, and were seeing a lot of those temperatures dipping into the upper 30s and low 40s. Its only 43 in San Francisco right now and 42 in concord, dublin 39 degrees. Sweater weather, indeed. In san mateo, you may have to turn the heater on in the car. Our morning starts out at 50 degrees. As we go throughout the day, its going to slowly warm up as we reach into the low 60s by noon, and then eventually into the upper 60s. Across the bay area its only in the 60s today, slightly cooler than normal. We have a few concerns about certain parts of the bay area for the weekend. Ill have
The republicans had created this new definition. And this new definition is known as the investment contract assets. Now, we talked about this but, you know, even in the rules committee, while they were, you know, talking about how this bill was going to protect consumers, they did not debate us about this investment contract asset because they know that it created a void. It created a no mans land. This was created basically so that the Crypto Companies could be in a space without regulation. But it goes further than that. It also covers traditional securities so they can be in a space without regulation. It is not enough to says this about a bad bill. This is not only a bad bill,s that bill where the Crypto Companies decided they didnt like the s. E. C. They do not want to be regulated. And they were going to come to the congress of the United States and they were going to use their power and they were going to use their influence to change the rules of the game. And that they were g
Yields have picked up. Tenyear yield above 5 . That is a significant level. We touched briefly above that for a nanosecond last week. Since then, you have to go back to 2007 when you have seen yields at these levels. 5. 012 for the tenyear yield. By the way, check out energy prices. You will see wti which is off 33 cents. 87. 76. We have merger monday as joe mentioned. Look at what is happening here. Chevron buying hess in the deal of 53 billion. 171 a share. That is a low premium over the Closing Price for hess on friday. Hess shares are up 2. 25 . Chevron down 2. 9 . This deal comes just weeks after exxonmobil made its move to buy pioneer natural resources. Both stocks on the move. Hess ceo john hess will join chevrons board. I just got off the phone with mike wirth. Very low primemium on this. This goes back long before the rumors came out about exxonmobil and pioneer. That deal went through last week. A lot of people thought after the deal, that chevron would look for Something Els
[inaudible conversations] [inaudible conversations] come to order. Without objection the chair is authorized to declare a re cess for the committee at anytime. Entitled bureaucratic overreach for Consumer Protection. Examining the cfpbs latest action to restrict composition in the payments. Without objection all members have five legislative days to submit extraneous materials for inclusion in the record. I want to recognize myself for five minutes to give an opening statement. Todays hearing, bureaucratic overreach or Consumer Protection, examining the cfpbs latest action to restrict competition in payments in my view is critical because its going to talk about this large participants in the general use of Digital Consumer payment applications market. This is the sixth lpr that the cfpb has initiated. And putting aside the egregiously short Comment Period which frustrates both members of this committee, the deeply flawed cost benefit analysis which are both have become hallmarks of th
Backers say it is necessary to protect consumers. Opponents say it is too broad and could limit competition. This portion of the subCommittee Hearing is about 90 minutes. [inaudible conversations] [inaudible conversations] come to order. Without objection the chair is authorized to declare a re cess for the committee at the committee on Digital Assets Financial Technology will come to order. The chair is authorized to declare a recess at any time. This hearing is entitled bureaucratic overreach or Consumer Protection. Examining the latest action to restrict competition in the payments. Without objection all members will have five legislative days to submit extraneous materials for inclusion in the record. I want to recognize myself for five minutes to give an opening statement. Todays hearing bureaucratic overreach or Consumer Protection examining the cfpb latest action to restrict competition and payments in my view is critical. It will talk about this large participants in the genera