Communications in technology will now come to order and the chair recogs ins herself for five minutes for an Opening Statement and i do want to welcome each and everyone of you obviously a hearing of interest as we have a full room in front of us. And it is our first hearing in 2017 with a fully formed federal Communications Commission as often seems to be the case, the senate takes their dear ever loving time to get things done but im pleased to see that the commission is back up to speed and ill tell you i am pleased that we have five members of this commission and they have different points of view to bring to the discussion on all things telecomrelated and i think thats healthy for the telecommunications and technology industry. And were here today to conduct oversight of the agency which is this subcommittees primary role. It is very important that we fulfill these obligations. Because we have given the fcc a Critical Mission and task to fulfill. From the commissionss Disaster Res
University camera. Its feeling more like winter than fall. Meteorologist chris sowers joins us with a look at the very cold temperatures. Hat on, chris. Reporter its cold out here, welcome to the frozen tundra of philadelphia. Feels like the middle of january. Freeze warning continues for the next few hours in effect until 10 00 a. M. Temperatures in the teens in some locations, most of us in the 20s, one or two locations have dropped to 18, 19 degrees. Actually lets look at the temperatures bonechilling cold. 13 right now in the poconos. It is 18 degrees in lancaster. 23 for philadelphia. Wilmington, youve set a new record low for today, 21 there. Cape may, 25, atlantic city, you tied your record low, 22. Dover, 22 degrees, heres what stings you when you step outside. The winds are Strong Enough to produce windchills somewhere between 10 and 15 degrees above zero. Feels like 15 in allentown. 13 in philadelphia. 16 in trenton. Satellite and radar should be a nice looking day today. Wel
Picked. It was a high profile criminal trial. Talking about the american duty to serve. Have you ever done jury duty. I have. Although i wasnt picked at the final i went through the process but never made it to the final cut. I made it into the courtroom and peppered with questions it was a homicide case and i knew a little bit about it. They said stop. Stop. Youre done. That was as close as i got. A couple of people said it was on their bucket list, serving on jury duty. I didnt make it this time. Death and taxes are two certain things in life. We will be looking at the president s tax reform measure to be released very soon. Also here at home in the south bay were reporting on an assault near san jose state university. A group of women attacked another woman. Bart back in the news discussing about what to do about fare cheats, people who jump over the gates. Were going to continue our coverage about ann coulters scheduled speech tomorrow in berkeley. The New York Times at this point
Funding. And twitter Ceos Jack Dorsey purchasing more stock. Are investors buying it . As we said some big earnings from the likes of apple and facebook. We have the fed meeting two days. We have the jobs number. The french Elections Come up this weekend, jim. Everybody is looking at seasonality trying to figure out what may means for stocks. What are your thoughts . Well, for years i always felt that you do not want to be in tech because were about to go into the summer slowdown for europe. Actually, europe is much stronger this year and i no longer feel like theres a sell in may problem with tech. We know that sell in may doesnt work. Its 5050. But there was a basis for it and the basis for it was most companies in europe just shut down for july and august. So you have to anticipate that. Thats not going to happen. Instead, it might be the other way. I think europe leads us right here. Meanwhile, guys, obviously, big week in congress. David, i know youre going to tackle some of the i
Able to hear from you in advance of this hearing. The fcc has not been reauthorize since 1990 and its current appropriation is over 400 30 million. It is charged with the administration of the Communications Act and of the statutes by to the functioning of our key medications policy. We must reexamine the Core Functions of the commission and Research Culture of humility that was lacking under the regulatory cloud left by chairman wheeler picked the sec plays a vital role in our increasingly Technology Dependence society. The subcommittee has never released a discussion draft for consideration. I would be remiss in not discussing Net Neutrality, the commissions decision in 2153 reclassify internet as a public utility was a power grab laced with irony of suffocating the most innovative part of our economy with a 1930s era law. This gave been meaning to the term progressive. Reply comments to the commissions nprm argue august 18. Chairman pai, we hope you are keeping that handy because it