Subcommittee on technology will come to order. The chair recognizes himself for an opening statement. Welcome to the subcommittee on communications and technology legislative hearing on legislating to secure americas wireless future. The security will consider a number of legislative proposals that address challenges from Spectrum Management to secure our nations Telecommunications Infrastructure. The proposals before the subcommittee today are hr 4462, study how to harness airway resource efficiency act or the share act which i introduced with my good friend Ranking Member latta which would require in cia to establish spectrum sharing strategy using advanced technologies such as artificial intelligence, automated frequency coordination and environmental sensing to facilitate more efficient spectrum sharing and used by the federal government. The bill would also require the fcc to report to congress on the feasibility of using existing sharing technologies on several important spectrum
The impact on the markets. Fed chair jay powell steeping out on cap hill. He signals the fed will keep raising rates. On that note lets go to senior economics reporter Steve Liesman for more highlights. Thanks very much. Yeah, fed chairman Jerome Powell in his first testimony before Congress Says that he doesnt believe this is going to happen, but one of the risks out there is an overheating of the economy. And he opened the door in a very subtle way to a possible fourth rate hike. Saying, you know what, the economy is strong. Weve had fiscal stimulus. His view on the economy strengthening as well. Heres what he said. Weve seen fiscal policy become more stimulative. So, i think each of us is going to be taking the developments between since the december meeting into account and writing down our new rate path as we go into the march meeting i wouldnt want to prejudge that. Heres what jpmorgan says about that economy todays comments appear to open the door for others on the committee to
Say this. Two things, we have our center for Youth Employment as part of the Mayors Office which my wife chairs. The idea is to over the next few years, by 2020 reach a level of 100,000 High School Students each year who are either in a summer job or an internship program. 100,000 each year, we want to start that aggressively this summer, well give you a quick deadline of may 15th. We want to start reaching toward the bigger goal we want to ask everyone whos watching. If you can create an internship or a mentorship effort, we want you to start doing that now, so we can plug in a lot of our young people this summer, and build out over the next few years, thats one second in terms of our pipeline. Were focusing on the maximum number of employees that come out of those efforts. Were constantly coming out of the training resources, we really want to push people. Thank you so much. Thank you much thanks, everyone. President Lyndon Johnson went to the u. S. Capitol on august 6th, 1965 to sig
Unbelievable whether it is mna, the fed cracking down again on the biggest banks in america. The list goes on. Time for the top business stories from around the world. Walgreens joining those who up agreed to by Companies Overseas this summer. The drugstore chain says it will not move his headquarters from illinois when it requires acquires the group. It may take action to limit use of the socalled tax aversion. Time warner has news of its own. The day after Rupert Murdoch said it is dropping a takeover posted earnings that beat estimates. Time warner says it will buy back 5 billion of shares. Shares are down about 10 in early trading. As shakeup at the countrys third biggest wireless carrier. Sprint replacing dan hesse he with the founder of mobile phone distributor bright star. Ending the pursuit of rival tmobile after concluding a deal would be unlikely to survive an antitrust challenge. Copsere are a lot of policing wall street these days. The new York Attorney general, state super
And by the way, he wants to run for parliament, too. In motors, reserving a dinosaur from the golden age. What start off with everyone is talking about. Yesterday was not a good day to keep a deal on the table. Sprint once again set to end has0th century fox withdrawn a proposal to buy time warner. Sometimes you need to know when to walk away. It was Rupert Murdoch who forred to buy time warner 75 billion back in july. If you remember the time warner chief shut it down. After consulting with our financial and legal advisors, we determined it is not in the best interests of time warner or our shareholders to accept a proposal or pursue any discussions with fox. Offer was rejected back in july. Time warner was not even willing to engage on the proposal. Said thereay, fox was not going to be a deal if it did not benefit the investors. But his Rupert Murdoch really walking away from this deal . I think he is frustrated. I think in some respects his reputation for being aggressive, which ge