Is. Im max kaiser this is the kaiser report lot of people talking about is this the beginning of china as the worlds superpower or but theyre not thinking about another end of an era in that would be the Central Banks stacey yes we are we believe here in kaiser report anyway that we are at the end of a fee out era and weve been kind of warning of preparing for that for the past 10 years of this series 11 years now and you could see that even Jerome Powell an acting sitting head of a central bank the u. S. Consul bank is even saying this member last year mark carney said that as he was exiting the bank of england he said that the dollar is no longer fit to be the worlds reserve currency and that we need these additional currency sort of s. T. R. Sort of currency to replace that and this earlier this week we saw a drone powell stated that he would dread a day that Digital Currencies take over the Current System and the u. S. Dollar would not be the old reserve currency anymore right its
Bros. Discovery. Its thursday, may 9th, 2024 youre watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. We are live from cnbc london lets get you ready for the trading day ahead with the stock futures. After a mixed session yesterday with the dows longest win streak at six. The futures are in the red across the board close to session lows right now. It looks like the dow would open up 65 points lower we are checking the bond market with the tenyear yield moving higher than recent days. 4. 51 . The twoyear note is Holding Steady to yesterday which is at 4. 85 . We saw it at 5 a few days ago the Energy Markets here are lower. We are looking at wti below 80 a barrel it is up 1 right now. Brent crude is trading at 84. 25 up 1 as well. Thats the set up. We have the big day for earnings and movers we start off with the stock that people are watching. Arm Holdings Shares are sinking on the weak forecast which is raising concerns of the potential spending
[inaudible conversations] good morning, everyone. Good morning. Our team is here. The subcommittee on Capital Markets and gics will be hereby called to order. Todays hearing is entitled continued oversight of the secs offices and divisions. Without objection the chair authorizes a recess of the subcommittee at any time and also without objection, members of the Financial Service committee who are not members of the subcommittee may still set and participate in todays hearing. At this point i will now recognize myself for three minutes for an opening statement. So today the Sub Committee will continue efforts to conduct vigorous oversight of the ics sec and the individual offices that make up the sec. The last years are subcommittee has heard testimony from directors of trading and market, corporations by its enforcement and Investment Management division of the sec. These hearings have allowed us to take a thorough look at the agencys operations, rulemaking agenda, enforcement practice
Connected vehicles or autonomous selfdriving vehicles. Department of transportation thinks of this as connected automation. Its really both. They both give you sort of added safety. Connected vehicles or basically v to v, vehicle to vehicle, vehicle to infrastructure, v to x or anything else, basically theyre all going to be able to talk. What we know is studies so far suggest that even two applications of v to v could prevent 600,000 crashes and save 1,000 lives. So it has huge opportunity overall. Potentially 80 of crashes that dont involve an impaired driver could be prevented with v to v. So we have actually introduced a rule making which has been accepted by omb for review just to try to set up a consistent piece of equipment that would be used for the whole system in the United States. Okay. When do you anticipate this being online . Or you know, are constituents the availability. Give me a timeline on that. Right now its been accepted by omb as under review. Thats kind of where
Accommodation and a deal even on the tax and spending and sequester side or both . Good morning. Glad to be with you and give you my perspective on where we are. To the beginning of your question, i often say one i am giving remarks that people in the same group, no matter how ponce and they are, people no matter how partis and they are, people will say two things. I want you to go to washington and stand on your principal. I want you to fight for us. I say, i will. Someone else will get up and say, i want you to compromise and find the middle ground and get things done. This is the 10th time this just happen to me. I say, that is exactly what they hired me to do, to figure out how we do both of those things. It is our job as representatives in congress, to fight for our values and the principles we believe in and still can something done. That is where we are right now. The divide we are facing right now i hope all parties understand we have serious challenges. We have created a momen