Officials tell the Senate Banking committee about the overall state of the financial industry, including the effect of coronavirus made bills passed by congress, and the Federal Reserves Small Business loan program. Please click the mute button. Remind senators that the fiveminute clap still applies. I expect most senators will participate today so we really need to stick to that fiveminute timeframe because we have a vote coming up at noon so i will be tapping the gavel to remind you to wrap it up and to the witnesses i ask you, even though you are asked a question at the end of the five minutes, please Pay Attention to the clock and make those answers after the time has run out prompt and efficient. Seconds i will do a tap on the gavel. The speaking order process, senator brown and i have agreed to go by seniority for this first hybrid hearing. With that, let me start out. Our federale all of predental regulators, the Federal Reserve vice chairman of supervision randal quarles,the co
President trump, live, unfiltered coverage, on cspan 2, on demand at cspan. Org impeachment. Listen with the free cspan radio app. Next, testimony from financial regulators on oversight and other issues, including Digital Currency, banking liquidity rules and the impact Climate Change could have on the financial industry. Held by the Senate Banking committee, this is an hour and 40 minutes. The committee will come to order. Today, we will receive testimony from the honorable randall quarrels, the honorable mcwilliams, chairman of the fdic and the honorable rodney hood, chairman of the ncua. Welcome to all of you. This hearing provides the committee of supervisory activities of these agencies. Its been over a year now since the Economic Growth regulatory relief and Consumer Protection act and the work of the agencies to implement most of the provisions, including the tailoring rules for u. S. Banks and foreign banks. Your agency should also carefully review the supervisory frameworks an
54 degrees. It will be a day where it will not budge all that much. Some temperatures are 55s. There are more 50s compared to the 40s. It is very close with not much of a change and temperatures are stuck under the cloud cover and there is some rain around the north coast but for us, we have a cooler pattern until friday and then we see higher temps by the weekend. We are in the 50s and 60s and that is it. No more 70s until the weekend. What you want to get to . We will start with Contra Costa County because if youre driving on highway four, you will see slow traffic but it is there and backed up and it is a long backup all the way to concord and then again as you approach interstate 680, this includes highway 24 which is slow on the way to the tunnel now we see that fog you were talking about in lafayette. It is cloudy at the macarthur maze and the bay bridge toll plaza we have big delays. As we look at interstate 880 in oakland, it is more crowded. These freeways are getting more ful
The shooting happened at 7 38 this morning in the quad area of the campus. The Sheriffs Department said a 16yearold male suspect also at sagas high school took a gun from his backpack then shot himself in the head. At this point we know he is listed in grave condition at the hospital. And my administration is working in close coordination with local Law Enforcement. Jennifer and i extend our thoughts to the parents, families and friends of to the students and faculty of the Santa Clarita high school. As you just mentioned the l. A. County Sheriffs Office just wrapped up their update on the investigation. They confirmed two teenagers have died of their injuries in Santa Clarita. Around 9 this morning. And then just into your newsroom in the last 10 minutes or so a 14yearold student succumbed to his injuries. One of their fellow students opened fire in the quad area of their campus along with a female student and male student who died, three other people were struck by the gunfire and in
President trump talking about trade gave us an insight into the u. S. And china in terms of negotiations. A lot of focus is on what is happening in hong kong with heightened tensions playing their part in a selloff. The u. S. 10 year yield is at 1. 1010. Eurodollar at coming up, we speak to a bank chief executive a little bit later on. Lets get straight to bloomberg first word news here in london. 3g capital is said to have submitted a bid for an elevator business. That comes as a surprise with 3g having made a name for itself buying food giants. They understand the elevator unit could fetch more than 15 billion euros. They are still debating a minority or majority stake. Hong kong has announced a suspension of all schools in the city. This as the security chief warns of unthinkable consequences if violence continues. Early commuters packed on to the first trains amidst calls to impede rushhour traffic. The International Energy agency says Global Oil Demand will likely plateau around t