York times leaked photos of the Manchester Bombing scene. President trump and u. K. Prime minister theresa may meeting again this hour at the g7 conference, we are going to bring you the headlines as we get them in. Mark zuckerberg got political at the harvard speech. Hes talking free money from the government. Weve got a big show. Varney company starts right now. Charles we begin on a devastating note where a bus of Coptic Christians. Ashley at last count, 23 People Killed and wounding 25 others, a bus 140 miles south of cairo, they were headed to a monastery and attacked by eight to ten individuals dressed in army fatigues. Isis, no one has claimed responsibility, but isis has been targeting Coptic Christians several times in recent months. There was a terrible bombing or bombings at two churches in april that killed 46 people. An indication how Coptic Christians are targeted in egypt. Charles so far no hash tags from the media. Looks like a lower market. Here is market watcher jeff
Tennessee. The subcommittee on communications and technology will now come to order. The chair now recognizes herself for five minutes for an Opening Statement. And i want to welcome you all to the subcommittees hearing titled oversight and reauthorization of the federal communications commission. I appreciate the commissioners appearing to offer their testimony today. And we appreciate that we have been able to hear from you in advance of this hearing. The fcc has not been rethorsoned since 1990 appear its current appropriation is over 430 million its charged with the administration of the Communications Act and other statutes vital to the functioning of the communications policy. We must reexamine the Core Functions of the commission and restore a culture of hul humility. The fcc plays a vital rode in the increasingly technologically dent society. The subcommittee released a draft for consideration. I would be remiss by not discussing net neutral the commissioning ins 2015 was a powe
Tennessee. The subcommittee on communications and technology will now come to order. The chair now recognizes herself for five minutes for an Opening Statement. And i want to welcome you all to the subcommittees hearing titled oversight and reauthorization of the federal communications commission. I appreciate the commissioners appearing to offer their testimony today. And we appreciate that we have been able to hear from you in advance of this hearing. The fcc has not been rethorsoned since 1990 appear its current appropriation is over 430 million its charged with the administration of the Communications Act and other statutes vital to the functioning of the communications policy. We must reexamine the Core Functions of the commission and restore a culture of hul humility. The fcc plays a vital rode in the increasingly technologically dent society. The subcommittee released a draft for consideration. I would be remiss by not discussing net neutral the commissioning ins 2015 was a powe
I want to welcome you to the subcommittee. I appreciate the commissioners appearing to offer their testimony today. And we appreciate that we have been able to hear from you in advance of this hearing. Beencc has not reauthorized since 1990 and its current appropriation is 430 million. It is charged with the administration of Communications Act. Reexamine the Core Functions and restore a culture of humility that was lacking under the regulatory class left by chairman wheeler. The fcc plays a vital role in our increasingly Technology Dependent society. The subcommittee has released a draft for consideration. I would be remiss by not discussing Net Neutrality. The commissions decision to classify the internet as a public utility was a power grab laced with the irony of suffocating the most innovative part of our economy with in 1930s era law. This gave new meaning to the term progressive. Reply comments to the commissions are due august 18. We hope you are keeping that wed whacker handy.
Planned . First we start with the grand slam for the markets for a second day in a row. All four hitting record highs. The move started with these comments from fed chair janet yellen. At our upcoming meetings, the committee will evaluate whether employment and inflation continuing to evolve in line with these expectations. In which case, a further adjustment of the federal funds rate would likely be the appropriate. The committees view that gradual increases in the federal funds rate will likely be appropriate. A hawkish tone from the feds on rate likes the year sent the financial stocks soaring, leading at more than 1 . Is this hot trade about to get even hotter . Is it time to jump back on the bank bandwagon . Wshlell, im long on banks. Stay on them if you are. At this point youre going to have a point where youll the want to take some profits so be nimble with the trade if you just started. The Federal Reserve is clearly trying to tell you that they may want to raise rates sooner a