This discussion was held during the National Community and Reinvestment Coalition conference. First up is martin the chairman of the federal deposit insurance corporation. We know it as fdic. The fdic is vital to making the whole American Economy run. This is the agency tasked with maintaining stability and confidence in our countrys Financial System by ensuring our deposits and by examining and supervising the Financial Institutions for safety and soundness and consumer protection. And for us in this room that means chairman gruenberg is vital to making sure the American Economy runs while for everybody. [applause] we are talking about the havenots as well as the haves. So im excited to hear what he has to tell us. Please join me in welcoming to the stage the fdic chairman martin. Good morning, everybody. And thank you, bethany, for that kind introduction. Thank you for getting up early to participate in the session and let me begin by thanking the National Community Reinvestment Coal
Decades i have been an investor. The highest calling of mankind ive often thought was private equity. Then i started interviewing. I watched your interview so i learned how to do an interview. I have learned from doing my interviews how leaders make it to the top. I asked him how much he wanted and he said 250 and i said fine. I did not negotiate with them and did no due diligence. David and how they stay there. I would have i have something i would like to sell. And how they stay there. You dont feel inadequate being only the second wealthiest man in the world . Is that right . One of the most successful Business Executives in the world over the past 10 years has been Bill Mcdermott. He took s. A. P. To record heights and is doing the same with service now. I had a chance to sit down with Bill Mcdermott in new york and had him describe to me how he came from very modest roots to the top of the corporate world and how he inspires his troops, inspires his customers, and loves his job. I
Information about hunter biden. I agree with dan your last guest there is not a strong connection at this point. Between the evidence on hunter biden and any evidence you can watch all of our programs on our website c span. Org. We take you live to capitol hill where microsoft president is expected to be joined by a law professor and a scientist to testify about proposed legislation that wrigleys Artificial Intelligence. Live coverage on cspan 3. And also to chairman durbin who supports has been invaluable in encouraging us to go forward here. I have been grateful especially to my partner in this effort senator holly the Ranking Member. He and i as you know have produced a framework. Basically a blueprint for a path forward to achieve legislation. Our interest is in legislation. In this hearing along with the two previous ones has to be seen as a means to that end. We are very resolved oriented. I know you are from your testimony. And i have been enormously encouraged. And emboldened b
Chatgpt but with chatgpt boom with a stake in openai. Publicly traded markets from the macro context, this is one where we see a search for safety. Iran, israel, geopolitical risks heightened, and a squaring away of certain volatility that weve seen throughout the week when it comes to concerns about cpi, ppi as we move towards the weekend. Equities for once are moving the opposite way of the bond market, even though the bond market has been selling off it managed to ride higher. Today is the opposite paired we have seen money move into the havens that are the 10 year yield off by 8, 9 basis points. Money moving there. Money moving into the bloomberg dollar index, the highest weve seen since 2024. Money coming out of equities as we worry about geopolitical tensions off by one point 1. 4 on the nasdaq. Moving on, having a look at what is happening at another key risk asset, actually surprisingly flat for bitcoin over the course of a week. No volatility on a daytoday basis, we have just
Information about hunter biden. I agree with dan your last guest there is not a strong connection at this point. Between the evidence on hunter biden and any evidence you can watch all of our programs on our website c span. Org. We take you live to capitol hill where microsoft president is expected to be joined by a law professor and a scientist to testify about proposed legislation that wrigleys Artificial Intelligence. Live coverage on cspan 3. And also to chairman durbin who supports has been invaluable in encouraging us to go forward here. I have been grateful especially to my partner in this effort senator holly the Ranking Member. He and i as you know have produced a framework. Basically a blueprint for a path forward to achieve legislation. Our interest is in legislation. In this hearing along with the two previous ones has to be seen as a means to that end. We are very resolved oriented. I know you are from your testimony. And i have been enormously encouraged. And emboldened b