[inaudible] thank you. The subcommittee will come to order. Without objection the chair is authorized to declare a recess of the subcommittee at any time. Without objection members of the full committee not on this subcommittee are authorized to participate in todays hearing. Members are reminded to keep their video function on at all times, even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to meet themselves after they finished speaking. Consistent with the regulations of a Company House resolution 965, staff will only mute members and witnesses as appropriate. We not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. This hearing is entitled Holding Financial regulators accountable for diversity and inclusion. I now recognize myself for four minutes to give an opening statement. Todays hearing fo
Monetary policy but says more can be done. A year after listing in hong kong, a Logistics Company discusses real estate, fund management, and the impact of covid19. We speak with the chairman later this hour. Haidi breaking news crossing the bloomberg when it comes to the pmi indicators out of australia. For augustumber still in contractionary territory at 49, better than the previous reading of 48. 1. The pmi composite number, a little bit of an uptick but still in contraction territory. It will be a while before we see a meaningful recovery given we are hearing in domestic media that the state for restriction law down in victoria, melbourne, and surrounding areas could be extended by another two weeks as we continue to get these numbers out of victoria. We have seen a jump about 100 new virus cases for the first time in three days. Another exuberant session for the u. S. Tech underperformed. The s p jumping the most in almost two months to another alltime high but interestingly, the
I came away with a couple different impressions. First of all Artificial Intelligence was everything. Every panel, every roundtable, every discussion centered around Artificial Intelligence. People like to raise Artificial Intelligence really when its not even speak as we believe this but you can finishwatchingd take you live to discussion of the Banking System and Financial Services sector with Bank Executives and former regulators. You are watching live coverage on cspan2. 1300 bankers state Association Leaders independence day. Even more watching on our liveke out of your busy schedules to add your voice, your advocacy efforts. I also want to walk members of the media who are joining us, and i would like to extend a special thanks to the members of congress, regulars and other es our program over the next few days. This event is all about advocacy. Its about dimmest setting to the policy community that bankers are committed to working constructively toward a policy environment that
Im haidi lun. We are an hour away from the open of australias first major markets. Just past 5 00 p. M. Here in new york. Im Ramy Inocencio. Heidi, looking at the markets on friday, you would have thought it would have been another down day with negativity, but look at that. We actually have green on the screen. Were going to get into why exactly. The rsi was headed close to 30, and that does trigger an oversold there. Possibly getting some resistance. Not exactly sure. Hop into the bloomberg terminal. While we are seeing some green on the screen, this the seasonality on the bloomberg best seasonality function on the bloomberg. Seasonality function on the bloomberg. He stx is down we are going to see if we can continue with that read in asia. Rading. Haidi we have a huge data calendar this week, not least indian inflation kicking off today and that fourthquarter number, which is expected to be an eighth straight quarter of gains. Is that going to be overwhelming when it comes to the se
Senators who sent a controversial letter to irans leader. What i do know is this letter was absolutely calculated directly to interfere with these negotiations p. It specifically inserts itself correctly directly to the lead are of the country saying dont negotiate with these guys because were going to change this. Olivia it has been predicted he will make a bad deal with iran. Crude fell today to its lowest price in six years. Trading below 4 a barrel before rebounding slightly earlier this morning. There is speculation the record oil glut in the u. S. May start to strain the countrys Storage Capacity. And the man arrested in the shooting of two Police Officers in ferguson, missouri, is said to have admitted to pulling the trigger but Authorities Say Jeffrey Williams told him he was shooting at someone else and not at the police. A Prosecutor Says they arent sure they buy that part of the story. The officers were wounded at a protest in ferguson last week. A shocking admission to the