Minutes. [inaudible conversations] [background noises] good afternoon everyone and welcome. This is a joint hearing of two subcommittees a committee on oversight and accountability. What is the subcommittee i chaired the subcommittee on Cybersecurity Information Technology and government innovation. The other is a subcommittee to economic growth, Energy Policy and regulatory affairs. Which is chaired by my esteemed colleague from texas. Since this is a joint hearing will have Opening Statements of the chair and Ranking Member of both subcommittees. Thats a total of four Opening Statements i will tend to keep mine brief. Cybersecurity spent a major focus of our since it became a subcommittee chair and confirmed we as a nation are not prepared for the increasing the for cicada and Cyber Attacks that will be fueled by ai. Businesses and Government Entities in my district and across the country to face Cyber Attacks him and forced to pay huge sums of money and ransom the federal government
Its about an hour and 45 minutes. [inaudible conversations] [background noises] good afternoon everyone and welcome. This is a joint hearing of two subcommittees a committee on oversight and accountability. What is the subcommittee i chaired the subcommittee on Cybersecurity Information Technology and government innovation. The other is a subcommittee to economic growth, Energy Policy and regulatory affairs. Which is chaired by my esteemed colleague from texas. Since this is a joint hearing will have Opening Statements of the chair and Ranking Member of both subcommittees. Thats a total of four Opening Statements i will tend to keep mine brief. Cybersecurity spent a major focus of our since it became a subcommittee chair and confirmed we as a nation are not prepared for the increasing the for cicada and Cyber Attacks that will be fueled by ai. Businesses and Government Entities in my district and across the country to face Cyber Attacks him and forced to pay huge sums of money and rans
[background noises] good afternoon everyone and welcome. This is a joint hearing of two subcommittees a committee on oversight and accountability. What is the subcommittee i chaired the subcommittee on Cybersecurity Information Technology and government innovation. The other is a subcommittee to economic growth, Energy Policy and regulatory affairs. Which is chaired by my esteemed colleague from texas. Since this is a joint hearing will have Opening Statements of the chair and Ranking Member of both subcommittees. Thats a total of four Opening Statements i will tend to keep mine brief. Cybersecurity spent a major focus of our since it became a subcommittee chair and confirmed we as a nation are not prepared for the increasing the for cicada and Cyber Attacks that will be fueled by ai. Businesses and Government Entities in my district and across the country to face Cyber Attacks him and forced to pay huge sums of money and ransom the federal government itself still store Sensitive Data
Threequarters of a percent. The nasdaq moving above, 1 higher now. Were going to kick things off with our chart of the day, the ten year. The yield ripping higher again right now. Take a look. It hit above 4. 65 earlier in the session, at its highest level in 16 years, right now at 4. 6. Really thats where we have to start this conversation, shannon. Higher yields but yet were seeing a bigger rally in the markets. How is that even possible . I think weve already been under pressure the last week or so. Not to say that pressure has eased, because if you think about what were facing right now, were facing Higher Oil Prices, higher yields, potential shutdown. Keep going. Student loan repayments are back. Were in september, which is just a tough time in the marketplace, and so this continued pressure, i think, what you see in todays marketplace, youre looking at investors saying, okay, weve experienced some of this pain, we have had a pullback in august and september. The Third Quarter is
Buy . And jeb bush. I like what he had to say. Its time for america to get back to work. The left actually criticized him for it. I cant wait to get into this and hillary, deflecting criticism saying there was no subpoena for emails and proven wrong yet again. What difference does it make . Weve got a big day coming it does make a difference. Varney company starts right now. Were talking about over 3,000 stocks that trade here on the floor of the New York Stock Exchange that are still halted at this time. Do we need it anymore . And its an anachronism almost this is odd to me. I think theres something more that we might be missing only because behind the scenes we dont know whats going on. This market has proved completely side ways since this happened. I dont know if someone is pushing the pause button, but it feels weird. Of course we were all over that big story, Varney Company and the fox business network, this was the place to be when the news breaks, its always the place to be an