On cspan2. The reauthorization of the National Flood Insurance Program. Femas perspective. All members will have five days for extraneous materials to the chair for inclusion in the record. I recognize myself for five minutes for an opening statement. Thank you for appearing today for the second hearing for the housing subcommittee for the 118th congress. Fema plays a vital road through the Disaster Recovery efforts and today well explore the National Flood Insurance Program which existed over 50 years and until recently has operated in the same manner and relied on the same outdated tools since its creation and i just applaud the progress that youre making as flooding in the United States is a significant and costly problem for coastal and inland residents. Unfortunately, theres only one provider for nearly all Flood Insurance and the governmentbacked program which sells in a 93 to 95 of all rest tension Flood Insurance in the country. Thats not just a bad idea from the perspective of
Places you on item number four. Approval of minutes for the march 5th regular meeting. Secretary, id like to make some opening remarks, if thats all right, before we get into minutes, i wanted to just thank everyone for being here today, and i just feel that i need to open up this meeting with an acknowledgment of the tragic events that occurred at west portal station over the weekend. Im imagining, but i dont know. But im imagining that many people are feeling anger, rage, a sense of powerlessness, hopelessness. I know that ive cycled through these feelings myself over the past 72 hours, and this happens whenever i hear of any fatalities or serious injuries on our streets. It shouldnt happen in our city or anywhere, and our hearts are with the family. I also know that when these kinds of things happen, there is a natural tendency to want to make sense of the situation very quickly by finding a villain to blame, pointing a finger and demanding action and i understand that. I think that
Always standing by serbia when we faced hardships. Certainly actually, 8 years ago, serbia became china is 1st comprehensive, Strategic Partners in central and Eastern Europe. Today, serbia becomes the 1st european country to build a community with the shared future with china. We can continue to engage. We can continue to lead fax over right to rick washington in the face of the world. Its american guidance. This point take to showing that says the decline in positive perception of the us, the coming to life most go. This is the news, our own all to international, so much to bring you over the next hour. But were going to start with vladimir preaching, who is have the dynamic economic integration taking place all the Worlds Largest continents. His comments were made during the 10th you ration Economic Union summit here in moscow, in the shade. Sure. You see, to lead to over the past decade, our Economic Union has established itself as one of the independent and self sufficient centers
What better way to begin the hour than with the worlds biggest money manager. Erik schatzker joins us now. And it close of interview. An exclusive interview. Erik we are at the blackrock annual fixed income conference here in midtown. Good to see you. The world has its share of problems. The horrible massacre in las vegas, the reconstruction efforts in puerto rico. ,f we look at the big picture things look pretty good. 2530. P 500 trading at my question is this. How much longer can this goldilocks state of affairs persist . Larry we should pause and think of these natural disasters and the tragedies in las vegas. This reminds you how tender life is. We have to respect that. And remember our loved ones and friends all the time. Too. Ought about tom petty, about theure goldilocks market. I believe to my surprise, too , howpeople surprised resilient the world has become. China is close to 7 . Surveys came out of china even accelerating. A 5 increase in the Chinese Bank Stocks today in hon
Investigation continues. The premarket building on the record highs europe is mixed. Ten year 235 auto sales on the way today. Road map begins with deeply sorry. Thats the message the former equifax ceo is set to deliver to congress rick smith set to be grilled by a House Committee over the companys massive data breach. Plus on the hill, wells fargo Ceo Tim Sloan will answer questions about the massive fake account scandal. Searching for clues. Investigators combing through evidence to see what led to sunday nights massive shooting in las vegas first up, the former equifax ceo rick smith getting ready to face a tough grilling by lawmakers, testifying before the house energy and Commerce Committee. In prepared testimony, he said hes deeply sore re thry this od and the company failed to prevent Sensitive Information from falling into the hands of wrongdo wrongdoers the breach may affect more consumers than originally thought, bringing the total of potentially affected to more than 145 Mi