Diesel. Were talking diesel engines with cummins, that big engine company. Ceo is here on fox business, so i hope you watch. The bears, folks, have called the cops on the bull party. As we kick off the final hour of trade, that partys breaking up. Stocks pulling back from record levels for a second day in a row. The dow jones down 470 points. That is a loss of about 1. 25. The s p down 66 points, and the nasdaq its a bigger chunk here, 2 loss of 323 points. And the russell 2000 losing 22 points. Now, one thing for sure the markets are getting no help this time around from semis, software or cybersecurity. Igv is, Ishares Expanded Tech Software etf, is down as you see about 4. 33 . The philly Semiconductor Index losing about 2. 7, and then the amplify cybersecurity etf, Ticker Symbol hack, is down 3. 5 but its not just stocks. Investors are showing some real caution aahead of jay powells testimony. The Federal Reserve chief appears before congress twice this week, first tomorrow at the
Online at cspan. Org. The subcommittee hearing on Climate Change risk and Management Strategies with regulators from the Federal Reserve and the federal deposit insurance during their testimony, the witnesses discuss the role of government in setting climate goals for companies and the impact of environmental legislation and local politics. This is nearly two hours and 10 minutes. 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
I spent. [background noises] the committee will come to order. Without objection the chair is authorized to declare a racist of the committee at any time by this hearing is entitled semi annual report of the bureau of financial protection. Without objection all members will have five legislative days within which to submit extraneous materials to the chair or inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Thank you director for being here today. As the director you wear a lot of hats. You are a member of the federal Deposit Insurance Corporation and the Financial Stability oversight consult. This committee spent a lot of time understanding how regulators reacted to the failures of Silicon Valley macon signature bank. Given both the fcic have equal rolls in the failures i am looking forward to hear about your involvement in the decisionmaking process. As we said the fdics chair grunberg and pfister bar testified before this committee there
I spent. [background noises] the committee will come to order. Without objection the chair is authorized to declare a racist of the committee at any time by this hearing is entitled semi annual report of the bureau of financial protection. Without objection all members will have five legislative days within which to submit extraneous materials to the chair or inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Thank you director for being here today. As the director you wear a lot of hats. You are a member of the federal Deposit Insurance Corporation and the Financial Stability oversight consult. This committee spent a lot of time understanding how regulators reacted to the failures of Silicon Valley macon signature bank. Given both the fcic have equal rolls in the failures i am looking forward to hear about your involvement in the decisionmaking process. As we said the fdics chair grunberg and pfister bar testified before this committee there
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