Coins and Digital Assets. Concerns over insurance and real estate markets and risks posed by using Artificial Intelligence in the Financial Sector on the Senate Banking committee of, this is about two hours and 15 minutes. The committee on banking, housing will come to order. Secretary yellen , who has been flexible on the schedule and we had to change the time from yesterday to today, she has to leave at 11 30 and we will respect that. I will enforce the five minute rule on myself and everybody else. For a long time it has been clear what gets rewarded on wall street, bigger risks mean profit and that means more Stock Options which means fatter bonuses and then we end up with a wall street culture that glorifies a it leads to an economy of excess and a shrinking middle class. That is how we got east palestine. And the ceo of stellantis making three times what the average worker makes. We saw that plan play out with poorlyrun banks putting profits above Risk Management. And Small Busin
This year for june. The market looking for confirmation of that and sentiment stateside could be key. As we look at the overall picture, we are down. 40 . We are strong with the heat map bringing on the green early on. We are seeing oil and gas at the top and autos at the bottom. One lone sector with porsche right at the pbottom of the bac of numbers. Telcos and utilities and under performers today. Real estate is an under performer as well. The chemicals basket is up. 50 . Household goods up over. 50 . The banks with hsbc up 1. 5 . We have Technology Names up by. 60 today. Travel and leisure is improving. Basic resources is a top performer. Oil and gas with the bounce up 1. 7 . The ftse 100 is 7,731. The addition of 60 p0 points ascertain us above 7,700. The French Market is above the 8,000 point level. Settling in above 8,000. The other main boards from the smi to the italian market up. 30 . Little more appetite on the stocks from spain today with the ibex at. 40 . Strong signals cre
At 7 00 a. M. Eastern. Chair brown the committee will come to order. Thank you to the witnesses for joining us. This hearing is a continuation of our efforts to enact longterm reauthorization of the Flood Insurance program and fip programs. It has been extended 28 times since december 2017. The latest extension will expire march 8 of this year. We will disclose we will discuss local leader perspectives and the challenge of potential solutions to the risks that flooding poses to committees across the country. So many issues, transportation, housing, each of these is a priority for this committee. These leaders know all too well, flooding is the most costly Natural Disaster facing the country. It is devastating to communities in every state. That is one good reason that mayor patterson is here from my state. Landuse patterns play a role in whether people want to and whether people want to admit it or not, Climate Change is only making it worse. It is making extreme weather events more fr
Of, comm. Now on bbc news, Talking Business. Hello, everybody. A very warm welcome to Talking Business weekly with me, aaron heslehurst. Lets go and take a look at whats on the show. Its holiday heartbreak. As wildfires rage across europe and america, what impact is Climate Change having on the Tourism Industry . Its really difficult to manage the heat sometimes. Travel and tourism its worth nearly 10 of our Global Economy, keeping millions in work. But does our Changing Planet mean its time for a major rethink . Im going to be discussing all of that with these two there they are the big boss of one of europes leading travel groups, who tells us what impact Climate Change is having on his industry, and the head of the worlds most influential airline body tells us how his members are tackling the challenges as they continue to recover from billions in covid losses. Also on the show, the man in charge of travel at one of the worlds biggest insurers. He tells us Climate Change is causing
Stories, 6 00 a. M. On the east coast, markets extended losses as tech is pulling on the major intimacies, the Ripple Effect from the u. S. Downgraded credit status gallon gesture, nasdaq, s p 500 lower after the close the most highly Value Company apple at 3 trillion market value coming out with earnings along with amazon in numbers tonight we are previewing this morning. Initial jobless claims at 8 30 a. M. Eastern before the july job report dropping tomorrow. Check european markets, the bank of england making his decision on interestrate at 7 00 a. M. Eastern going into the number stocks are lower. In asia overnight check at the markets it was pretty much mostly lower with the exception of China Shanghai a small gain. President trump is expected in washington, d. C. This afternoon facing four charges related to the special counsel case on january 6. Meanwhile as President Biden lounges on the beach some coverage of the stunning testimony of Hunter Bidens former business associate de