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
The critical thing and we should visit when we have more time. Let me just say the reports about because way are incredibly disturbing and i cant count on the investigations but we take every threat seriously and investigate to the fullest wherever we think theres some incredible allegation that a company has done an end run around your export controls. We need different tools, im supportive of the guard act which would and the restrict act which would codify our itcs authorities. We need that to have a comprehensive approach to go after connected apps. We would need resources additionally to do that. I think we need Additional Resources around enforcement to do exactly what youre talking about. Candidly we need the threat is different today. The threat from china in 2023 is different than the cold war threats of decades ago. It is technology and a. I. And it is moving fast so i would welcome a broader discussion with you around how we modernize what we do and how we properly fund what
The morning. That is yesterdays performance, markets up 1 . London down one percent. We are waiting for the opening rotation to come through. Takes a little bit of time for those prices to marry up. Russia is trumping the news on sanctions from the u. S. Poll. E a bloomberg pollaid the poll of the said disinflation is the main issue. Globally, our poll is saying 47 see the equity markets close. 14 say that we are in bubble. Google poll says people are less keen on europe. Paris down. 5 . We have some car data. We saw overall car sales rising in june. 10 straight months of rising car sales. The sentiment in the market is lower. Renault was one of the out standards, but the stock is down. 25 . Vw also had the fiat sales going up. German sales were down. Badge did quite nicely. When it comes to the others, Edwald Nowotny ju novartis just missed on its numbers. What youve got there is the cloud. How to defy a market. Tell the market that the new product will do better than you thought. It