The committee will come to order. Without objection, all members will have five days to submit statements, extraneous material and questions for the record, subject to the limitation in the rules. Before i begin, i want to make the big announcement that today is mr. Mccauls birthday. So happy birthday, mr. Mccaul. [ applause ] im 35 years once again. Yes. Me too. Pursuant to notice were here today to examine Trump Administration policy toward iran. I welcome our panel of distinguished witnesses. Welcome to members of the public and the press as well. We had hoped to hear from secretary pompeo today, as well, after we invited him, he announced he would instead be in california. Thats unfortunate, whether you agree with this administrations approach to iran or not. I dont think there is a member of this committee who doesnt want to hear from mr. Pompeo and the American People certainly deserve to hear answers with our troops and diplomats being asked to hand in harms way. But this commit
There is a little bit of a lift to the market. If you look at the stoxx 600 gaining 0. 3 . Jobs reportg at the and whether that means the fed will have to cut a little bit more support the u. S. Economy. Thats after the energy weak in russia where Annmarie Hordern did a great panel to figure out if opec cuts will stay in. The euro is on the back of a little bit of brexit news. There was a brexit delay or even the possibility of a no deal. Coming up, we speak to the oil minister of the biggest opec producer. Dont miss our exclusive interview with nigerias new petroleum minister. But get straight to bloomberg first word news. Obviously is retiring after fullyear results in february. The upstream chief replaces him. He caps a 40 year career with bp with nine as ceo. Xi jinpingp says should investigate the biden family for remarks the remarks coming after reemphasizing his call to the ukraine president. Was just as bad as in ukraine but offers no evidence. Global news, 24 hours a day on ai
Recorded temperature, a staggering 45. 9 degrees. The lionesses find out tonight who theyll meet in the world cup semi finals as holders usa kick off against hosts france. The coroner at the London Bridge attack inquests says he isnt persuaded mi5 and the police missed opportunities to prevent what happened. In ruling that the eight victims were unlawfully killed, the chief coroner for england and wales, mark lucraft, said the work of the Security Services was generally thorough and rigorous. He did however criticise the family of one of the attackers, for not reporting his extremist behaviour, and said their testimony was un our Home Affairs Correspondent Daniel Sandford has more. After eight weeks of compelling, harrowing and often tearful evidence the inquest concluded this evening. They have been particularly harrowing for the bereaved relatives, and some of the french families have come, almost every day. And the coroner ruled that all eight people had been unlawfully killed, but
Internet caucus taking a look at internet privacy and personal data protection. The chair of the Federal Reserve, janet yellen, testified on the u. S. Economy and Monetary Policy appearing before the House Financial Services committee on wednesday for about three hours. The committee will come to order. Without objection the chair is authorized to suggest a recess for the committee at any time. This is the annual testimony on the Federal Reserves supervision and regulation of the Financial System. I now recognize myself for three minutes to give an opening statement. The dodd frank act requires the Federal Reserves vice chair of supervision to testify before our Committee Twice a year regarding the supervision and regulation of Financial Institutions. Regrettably, five years after the passage of dodd frank, no such person exists. President obama has been unwilling or unable to follow the law in a point at vice chair. We can no longer wait for the president to do his job so we can be al
Reforms along with her description of how the fed is using the flexibility embedded in doddfrank to tailor regulations appropriate to the sizes and risks of different types of banks. Congress specifically permitted the fed to differentiate among companies on an individual basis or by category considering their capital structure, riskiness, complexity, size and other factors. The fed should use this authority. Likewise, doddfrank provided the fed with new responsibility to collectively regulate the activities of systemically risky nonbank entities such assurance companies, aig, whose near failure imposed systemic consequences on our economy just seven years ago. I very much would like to hear from chair yellen about how the fed has bolstered its expertise to that on these new responsibilities. And let me also express my deep concern about legislation that would severely undermine efforts by the fed to regulate banks and nonbanks. With regard to banks, the legislation would hamstring the