From the honorable randal quarles, Federal Reserve vice chairman for supervision; the honorable jelena mcwilliams, chairman of the fdic; and the honorable rodney hood, chairman of the ncua. Welcome to all of you. This hearing provides the committee an opportunity to examine the current state of and recent activities related to the regulatory and supervisory activities of these agencies. It has been over a year now since the enactment of s. 2155, the Economic Growth, regulatory relief and Consumer Protection act, and the work of the agencies to implement most of the laws provisions, including the tailoring rules for u. S. Banks and u. S. Operations of foreign banks. Your agencies should also carefully review the existing supervisory frameworks and make any necessary adjustments to appropriately align them with the tailoring rules and requirements. On july 30, 2019, all of the Republican Banking Committee members and i sent a letter to the federal banking regulators urging your agencies
Notwithstanding the success from many across the country based on the survey of adults between the ages of 20 to 45 of parent 45 n for those who plan to be expected during the lifetime they would have fewer children than they considered to be within their range of ideal. Economic concerns were foremost on the reasons over the past few years the joint economic committees social Capital Project has been documenting trying us in what we refer to as the association that is the web of social relationships for which we as americans pursue various and diverse. Families, communities, friendships, religious congregation is for example. The critical source of meaning and social capital is of course the family in fact the central headwaters for the social connected us generally. Thats why two of the projects policy objectives are making it affordable has become a unifying concern among lawmakers and policymakers and commentators of both the political right in the politicaand thepolitical left an
Shanghai composite up by 0. 2 . The dax is down by 2 . The tenyear yield, 2. 24 . A couple of big headlines were watching. First one, crude prices. Wti crude trading higher after the ministers of saudi arabia and russia agreed needing to extend the cuts. Including russia agreed to cut output. Deciding whether to extend that agreement. A lot of folks will be watching for that. Also, a big developing story out of north korea, the Company Announcing the missile that carried a heavy Nuclear Warhead is capable of hitting targets in the pacific. The latest launch was widely condemned by the u. S. , japan and south korea. The white house calling north korea a, quote, fragrant menace. And urged allies to enforce stronger sanctions. And then on this weeks agenda, it say big week for retail earning. Those earnings have been not so hot. Home depot and tjx. And wednesday, target and l brands. Thursday, walmart and gap. Also getting results from cisco, alibaba and campbells soup. And some disruptio
Economies theyre watching closely. Well get you the latest from the crown prince and go live to saudi arabia. Perrigo ceo joe papa is out, hes heading to valeant. And surprising sales number from the apple watch on its first birthday. Well break those down and get a preview of apples earnings tomorrow. The three major indices in the green for the month the dow leading the pack up. Saudi arabias cabinet approved a plan laying out economic reform priorities for the next decade and a half aiming to reduce the countrys reliance on oil, a partial ipo of the stateowned oil company is part of that plan. The saudi deputy crown prince expects to be valued at more than 2 trillion. And then they argue by 2020, guys, country will not be as dependent on oil as it is today. I question the whole notion of dependence. Because if you go over the slumberje quarter, talks about how theyre really the only country that has swing capacity. No other country in the world has the ability to put out another 2 M
Guest Net Neutrality has become your Internet Service provider and all other options, and they are the ones that basically have the chokehold, and the pole position when it comes to utilization of that spectrum and application of the broadband. Host so your bill has been in the congress now for three years, but it hasnt gone anywhere. Now that the fcc has acted, would you foresee action in this fall . Guest i think the more aggressive the fcc becomes on the issue, the more people are saying, hey, we need to do something to rein them in on this. Recently, also, we had a letter that 14 of us signed and sent over to the fcc expressing our concerns about what they were doing via privacy and reclassification. Were also working on an amicus brief that we will file. Host congressman, joining our conversation today is John Mckinnon of the wall street journal. Hey, congressman. You mentioned decisions at the end of the year that congress has to make. One of those is, obviously, on spending. Is