House transportation and infrastructure subcommittee. I ask unanimous consent the chair be authorized to declare recess at any time during todays hearing. Without objection so ordered. I ask unanimous consent of members not on the committee be permitted to sit with the subcommittee and ask questions without objection. If members wish to insert documents into the record please also email documents ti mail. Gov. Several other senators and a press release from senator kramer into the record without objection so ordered. I now recognize myself for the purpose of an Opening Statement for five minutes. Good morning and thank you for being here today. The undersecretary and the administrators before us represents the full scope of the jurisdiction in the subcommittee on highway and transit. However despite the long record of bipartisan oversight efforts, weve not had any administrators before us since 2019. Todays witnesses can help provide clarity on issues related to the Infrastructure Inve
Testified on oversight and Infrastructure Investment. Topics include the recent recall of more than 2,000,000 t vehicles due to safety concerns with the autopilot system. Electric vehicle charging station infrastructure, highspeed rail, and Vehicle Safety standards. The hearing was held before house transportation and infrastructure subcommittee. [inaudible conversations] the subcommittee on highway internal condors are asking in the sense of the german golfers to declare recess at the time during todays hearing. Without objection, so ordered. Also ask consent members not on the subcommittee be permitted to sit with the subcommittee at the days inn and ask questions without objection. So ordered. If members wish to insert a document into the record is also email it. Ask unanimous consent to enter a letter from senator capito and several other senators and a press release on senator cramer into the record. Without objection and so ordered. I never like it has myself for the purposes of
How long could that drag on for . What does it mean for a debate around the first of november . I think theres already promises that the company will file a lawsuit, trying to overturn the law and say that its unconstitutional. Violating the First Amendment right to free speech. But the lawmakers say that they are very confident they will prevail because this is a foreign controlled company and theres no right to free speech for a chinese company. The right to free speech is for the people on tiktok. So the argument is that this is very similar to regulations that the government has on who can own broadcast stations, for example. Or radio stations. Theyve had these kinds of regulations in the past. Of course, this is an immensely popular social Media Network that 170 million americans are using. So that makes it such a valuable resource if you are the chinese government. This is something where its going to piece be hard to see whether china will be willing to let it go. Let the algori
The last week or two. Lets talk about what minneapolis fed president Neel Kashkari has been saying because he was speaking at the Wharton School of business kashkari saying if the economy is stronger than we realized on the margin, then that tells me rates would have to go a little bit heiigher and held higher to cool things off. We will talk to him about that directly he will join us live in the 8 00 hour he sounded more hawkish. He is sounding hawkish, but maybe we got to be hawkish given how strong things seem how they seem who knows . And Jpmorgan Chase ceo speaking to cnbc in india overnight. Here is what he said about the economy and fed policy so, if you have higher for longer and good growth and inflation is contained, thats good you have more fighting for capital and payment for capital. The world needs it for the military and Green Economy and i. R. A. Act and chips abs act an deficit spending right now, it feels good fiscal stimulation was extraordinary. That was a global ph
Right now. Good morning. Very warm welcome to Worldwide Exchange on cnbc. Im wilfred frost along with Courtney Reagan in for sara today. Good morning. Very good morning. Its throwback thursday, with courtney here were throwing it back to country hits. Youll have to educate me as we go through. Who is this . This is lady a. , right . Lady antebellum. I guess well have some garth at some point . The only name i know. I hope so. Throwback thursday, and another record high for the markets. Yesterday all three four including the russell 2000 yet again hit record alltime highs. Led once again by the financials. Albeit a slightly broader rally yesterday than the prior day. Renewed hopes of a trump tax plan, strong data which drove up yields, which drove up financials, as i already mentioned, some earnings, the likes of pepsi, Procter Gamble leading the Consumer Sectors higher. The bond proxies like utilities were underperformers. We are called fractionally higher today. Thats a better picture