A dream finnigan this is counting the cost of aljazeera a look at the world of business and economics this week a pandemic decimates millions of jobs and pushes many into extreme poverty could have Green Recovery be the solution to saving the Global Economy. Flag of convenience chinese ships and crews but flying the senegalese flag local fishermen say the waters off the coast of being overfished. Slaughterhouses are hotspots for covert 19 activist investors say that Meat Processing plants could be the cause of the next pandemic. The coronavirus pandemic has had a devastating impact on the Global Economy its pushed back global efforts to reduce poverty. Improve livelihoods and health care now understandably nations have poured billions into shoring up Health Services but the recovery now that lockdowns are being lifted needs to take into consideration our other global emergency Climate Change with temperatures hitting 100 degrees fahrenheit in siberia and the Arctic Circle the challenge
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
Has been a tumultuous quarter. Plus, a rough quarter for ipo shares of ab inbev and Bernie Sanders corporate tax, the 2020 president ial hopeful out with a new plan calling for a tax on companies that pay their ceos way more than their workers it has been a roller coaster ride for stocks in the Third Quarter as we enter the final trading session of q3. Dow and nasdaq aiming for a Third Straight quarterly gain. Mike, awe kn mike, as we know, we went into the month thinking big, bad and scary. I think thats actually the story for the quarter too, the market held itself together and preserved these levels it was at, just about at old highs. Without really a ton turning for the better the way you can look at it is the cost of two and maybe a third fed rate cut was not that steep in the way of suffering through really bad growth or any real stress in the Financial System just yet. So but it does feel tenuous, feels as if the market is sort of maximized what it had to work with to get to thi
Exchange Commission Chair and we take you to that hearing now. [captions Copyright National cable satellite corp. 2023] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] fraudsters use Cyber Attacks and ai attacks to scam cyberspace. It is unfair Playing Field entrenching the rich of her hardworking americans. The sec has its work ahead of it to protect those families whose savings are in the market. Things have been moving too fast recently. We have all heard the complaints. Too many roles too fast too hard to comply with. Americas markets are the greatest in the world because we have strong Investor Protection and regulators that have worked to make sure we have transparent fair and honest markets that americans deserve. We know with regulators and lobbyists and politicians that do their bidding, ignore changes, and are slow to respond. This put us in the middle of a financial crisis in the past b
[background noises] the Senate Committee on banking will come to order welcome back chair gensler. Markets to provide for their futures for far too long our markets advance regulators the answer to the interest of the powerful few on wall street, big banks and private Fund Managers Corporate Executives looking to keep profits for themselves instead of investing in their workers and innovation and the american prosperity. New Technology Risk further concentrating power on wall street at the expense of americans fraudster use, Cyber Attacks deep fake Ai Technology to scan american savers based with that unfair Playing Field that favors entrenched wealthy interest over hardworking americans the sec has its work cut out for it to protect families whose hard earned savings are invested in the market. Many on wall street have suggested sec has been moving too fast recently. We have heard all of the complaints. I amov sure we will hear them again today for too many rules, too fastd too hard t