Subcommittee will now come to order. I want to thank all the members and the witnesses for appearing before the subcommittee this morning. The chairman will now yield five minutes to migrate friend, mr. Mcnerney from california for five minutes. Good morning, mr. Chairman, i thank you for yielding me the five minutes and i thank the witnesses for coming this morning. Its an incredibly important issue that we needed to care a lot about and make good policy on. Were meeting today to discuss the state of Cyber Security in the grid and the continuing threats facing Americas Energy truer. We continue to see increasing threats to the grid originating both at home and abroad. Im glad to see the doe and ferc and others taking steps to address the growing dangers posed by nefarious actors. Our energy grid serves as the backbone of our economy Touching Every aspect of our lives and a reliable grid is also crucial to our National Security and for a clean energy future. For lawmakers to encourage
The oil industry preparing for the worst. The president of the Louisiana Oil and Gas Association is about to tell you how barry could impact black gold and gasoline prices and you know what, you could even triangulate how it will affect stocks in the energy sector. On wall street, today the s p 3,000 is in sight for the third day in a row, but can we lock it in . Right now we are nine points above it. Got to stay tuned for my whole hour here. As for the dow, it locked in 27,000 yesterday. We are well above that right now at 27,274. The nasdaqs joining the party, on pace for a record close as consumer favorites like industrials and Technology Power todays run. Plus, President Trump joining forces with none other than the oracle of omaha . At least in his thinking, putting facebooks crypto ambitions under a harsh spotlight. Our top tech panel is here to tell us what it means for the Digital Currency world. Less than an hour to the closing bell on this friday. So glad youre with us. Could
That talks are back on between the chinese and United States when it comes to a deal, anyones guess. But the fact theyre back on is good enough. Edward lawrence, live at the white house with much more on all the above. Hey, edward. Reporter neil, wall street likes the fact that the president said china would come back to the bargaining table. The chinese agreed to talk again. President trump agreed to hold off imposing any new tariffs. So far china has not brought back any concessions but secretary ross told me that will come when the two sides sit down at bargaining table again. The president thinks he already has sufficient leverage over china. U. S. Will not sell out for a bad deal here. Will take time it needs to get the right deal. Lastly shows that maybe the administration found a little bit after sweet spot on the tariffs. Reporter critics say the other walkback from china might be make a mistake. President trump reversed himself that allows u. S. Companies to sell parts to huaw
We will come to order. The tears authorized to had to recess at any time. This is the Federal Reserves that are annual monetary report. Without objection, all members have five days in which to submit extraneous materials for inclusion in the record. I will note at the outset, we have a hard stop at 1 00 p. M. To the observed. I see chairman powell smile. Thats three hours. I will know recognize myself for the opening statement. In june of 2023, the conversation in washingtons concerning inflation shifted significantly. Not because of the lectionary fire has been extinguished. From the most recent data available, food cost is up 21 as President Biden took office. Energy costs are up more than 32 . Shelter costs are of more than 19 and you will pay 37 more for a dozen eggs in america today. As we said in january, people are still paying more for the basics of life and the prices they are paying are still high. And they arent happy about it, as you know, it is our colleagues know. But ac
We will come to order. The tears authorized to had to recess at any time. This is the Federal Reserves that are annual monetary report. Without objection, all members have five days in to submit extraneous materials for inclusion in the record. I will note at the outset, we have a hard stop at 1 00 p. M. I see chairman powell smile. Thats three hours. I will know regnize myself for the opening statement. In june of 2023, the conversation in washingtons coation shifted significantly. Not because of the lectionary fire has been extinguished. From the most recent data available, food cost is up 21 as President Biden took office. Energy costs are up more shelter costs are of more than 19 and you will pay 37 more for a dozen eggs in today. As we said in january, people are still paying more for the basics of life and the prices they are paying are still high. And they arent happy about it, as you know, it is our colleagues know. But according to the Biden Administration, they should be thri