Welcome to daybreak australia. Im haidi stroudwatts in sydney. Time Annabelle Droulers in hong kong. We are counting down to asias major market opens. Shery fed chair Jerome Powell signals rates will stay on hold while leaving open the possibility of a neuter hike. It does not feel like policy is too tight right now. I would say the evidence is no. Haidi traders digest remarks in the potential escalation of the conflict in the middle east. The s p 500 notching its Third Straight loss and 10year treasury yields approaching 5 . Shery israel shifts its approach to a ground war in gaza as the u. S. Warns of civilian losses area President Biden set to speak later on the israel hamas war and ukraine. Take a look at futures, really continuing the dissent into negative territory. We saw the s p 500 falling in almost every sector. It did swing between gains and losses, at one point hovering near the 4300 level, and at one point turning green. That came after fed chair powell talked about for su
Live coverage here on cspan. Needless to say, our committee has been working very diligently on a lot of transformational policy. While were waiting for our colleague here, i think ill thank senator wicker again for his work on the chips and p science act. I think people may not remember but this committee i dont know how many amendments we processed. Sen. Cantwell ity know it was in the hundreds. It might have been in the 300s. But i definitely believe that that kind of regular order process was good for the institutioned good for institution, good for the debate about science, and hopefully people will continue in todays hearing to understand that and understand much of the debate that maybe wasnt as clear in a big public perspective as it was to all of us who were working behind the scenes daily to try to figure this policy out. Ok, well go ahead and get started and when my colleague gets here, hopefully hell be here soon, we will let him make his opening statement. But welcome, sec
Live coverage here on cspan. Needless to say, our committee has been working very diligently on a lot of transformational policy. While were waiting for our colleague here, i think ill thank senator wicker again for his work on the chips and p science act. I think people may not remember but this committee i dont know how many amendments we processed. Sen. Cantwell ity know it was in the hundreds. It might have been in the 300s. But i definitely believe that that kind of regular order process was good for the institutioned good for institution, good for the debate about science, and hopefully people will continue in todays hearing to understand that and understand much of the debate that maybe wasnt as clear in a big public perspective as it was to all of us who were working behind the scenes daily to try to figure this policy out. Ok, well go ahead and get started and when my colleague gets here, hopefully hell be here soon, we will let him make his opening statement. But welcome, sec
Broadband access. The hearing runs two hours. Two hours and 40 minutes. [bangs gavel] good afternoon. The Senate Commerce committee will come to order. I thank my colleagues, many have been in this room for many hours already today doing double duty on both an aviation hearing, and now, a very important conversation about the implementation of the chips and science act which we are committing a pretty big role in. Less to say, our community has been very diligently working on a lot of transformational policy. While were waiting for our colleague here, i think i will thank senator wicker again for his work on chips and science act. I think people may not remember, but this committee, i dont know how many amendments we processed. It was in the hundreds, it might have been in the 300s, but i definitely believe that the regular process was good for the institution, good for the debate about science, and hopefully people will continue in todays hearing to understand that, to understand much