This hearing is just under four hours. 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 ba
Against adam shift for conduct that misleads the american people. Watch live coverage of the house at noon eastern here on cspan. We take you live to testimony from Consumer Financial Protection Bureau director khoep a. Hes testifying today on the Digital Economy a Consumer Protection before the House Financial Services committee. We join this in progress. Mr. Sherman credit repair scams are not just annoying television commercials. They charge you a lot of money. They just blanketly contest everything on your Credit Report. Your credit score goes up for a little while until they realize that most of those entries were accurate and it goes back down. What are you doing to deal with the scheme where you get your Credit Report improved for a little while . We are looking hard at all the ways in which consumer Credit Report issues can spawn scams. We have brought a number of Enforcement Actions here. We do work with the federal trade commission, state a. G. s to bring action. We dont want
politicsnation tonight s lead, one step at time he right now, abortion right activists are breathing a sigh of relief. as a key abortion pill wil stay on the market for now but, the fight over access t the bill now heads back to a appeals court. where the legal battle wil resume next month. meanwhile, on this earth day weekend, president biden i shoring up his green credential s with the bi announcement on environmenta justice. ahead of an even bigge announcement that he will ru for reelection that news is expected as early as tuesday as the 2024 presidential fields take shape on both sides. and, in just over a week after he was shot twice for ringin the wrong doorbell, kansas cit teen ralph yarl what i recovering at home his shooter, on andrew lester, now facing what could amount t life in prison on a firs degree assault charge. to which he has pled not guilty y all s family and their lawyers want a federal hat crime charge against leicester and, in a few minutes, ralph yarl
Of course nasdaq plunging 1. 76 . You have to be mindful we have to be on the lookout for whats called a whoosh or a crescendo of selling that causes a bottom. Usually intraday dont worry, im just putting you on notice. May not happen tomorrow, may not happen next week but it will happen if stocks keep going down like this and the bond market one day stabilizes and we are no longer fighting the darn fed, which we still are. One day that will occur. Not yet. But thats why you need to be ready with your Shopping List of damaged stocks, not damaged companies. Because theyre whats worth buyi buying on the way down you tend to forget about them while this carnage occurs i like to have objective my favorite is when they have down to up volume of 91. It means finally the bulls capitulate and theyve surrendered and therefore theres nobody left to sell which means youve got to do some buying. Now, todays a typically ugly day, not the kind where you get that whoosh bottom i like to look at count
Google tkicks off the annual Conference Today the day after openai. The read on retail as home depot sets to report in an hour from now. Later on, a tuesday tieup as uber makes a 1 billion bet on taiwan. Its tuesday, may 14th, 2024. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im dominic chu in for frank holland. Lets partkick off the equity futures after the dow snapped an eightsession winning streak. Futures are slightly big. The s p is higher by 4. The nasdaq is up 19 to 20. Checking in on the bond market ahead of the busy day for fed speak headlined by chairman jay powell at 10 00 a. M. We have get the read on Producer Prices at 8 30 a. M. Eastern time. Ahead of that, yields are lower. The tenyear yield is 84. 477 . The 30year long bond at 4. 62 . Trading like its 2021. Were watching shares of meme stocks. Gamestop, amc, some of the original ones out there both nearly doubling in value yesterday and set to open higher this morning.