I want to focus on an issue ive been working on, which is the issue of Insider Trading. It erodes faith in our Capital Markets. It rewards insiders at the expense of often Retail Investors and is a real problem. What our witnesses know well, but the American People may not, is that there is no statutory prohibition on Insider Trading. The s. E. C. Can and does prosecute insider training through their antifraud and antimanipulation authority, but the case law that shapes this Insider Trading law is far from a solid foundation. Decisions can radically alter the landscape of what is unlawful almost overnight. Im a believer that if were going to prosecute someone for a crime we should put the crime into a statute. Im grateful both for the support and cooperation of the commission as well as the support of chairwoman waters and chairwoman maloney as well as the cooperation of the Ranking Member. We continue to work with my colleagues to refine the bill i want to give thoughts on some ideas
Ashley three breaking stories, President Biden speaks from the Oval Office Later today. Lawmakers just meeting, members still looking for a speaker, Jerome Powell about to take the mic at the new york Economic Club. Lots of news, any of these events could move the markets, stocks basically looking for direction treading water and they may get that direction from the fed chair but investors wont get much clarity from congress, the speaker battle could now go on until january. As for the white house address investors focused on making money but the focus will beyond spending money on war. We are digging into all of that over the course of the next hour. Welcome to cavuto coast to coast. Im Ashley Webster in for neil cavuto. President biden will formally ask congress for 100 billion in support of israel and ukraine. Alexandria half live at the white house with more on what we can expect from the president s address tonight. Reporter the president will make an appeal to american citizens a
Kayleigh were awaiting remarks from President Biden at a trade union event later this hour. Hes facing growing pressure to an on the antisemitism protests sweeping universities across america. Last hour, biden was asked if he had a message for the protesters. Watch how he responded. Mr. President , do you have a message for the protesters on campus . Kayleigh he walked away. Another former president that might have been treated that way. Im Kayleigh Mcenany here with Harris Faulkner and emily compagno. Also joining us, leslie marshall, Fox News Contributor and host of making money charles payne. Many people are begging the question, why hasnt President Biden acted to stop the protests . Biden himself is speaking out of both sides of his mouth. Watch. Do you condemn the antisemitic protests on campus . I condemn them. Thats why i set up a program to deal with that. I set up a program to help people that dont understand whats going on with the palestinians. Christopher wray admitted they
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