Hearing on legislation governing retransmission of broadcast Television Content by satellite tv companies. Representatives from the National Association of broadcasters, at t, the cable industry, and the Public Interest group testified at this hearing held by house energy and subcommittee on communications. There we go. Will now come to order. The chair recognizes himself for five minutes. Good morning, id like to welcome everyone to the subcommittees first hearing for stellar and evolving marketplace. Id like to thank our witnesses for appearing before us to address these important issues. Five years ago passed the act, extended authorization for Satellite Television companies to provide broadcast content to unserved households. According to satellite tv industry, this provision enables roughly 870,000 customers in mostly rural to receive broadcast television signals. These customers fall into a few categories, first is households that cant receive content using an antenna. Second is
[inaudible conversations] we will now come to order. The chair now recognizes himself for five minutes. Good morning. Id like to welcome everyone to the subcommittees first hearing of the new congress on the evolving media marketplace. It also like to thank her witnesses for appearing before us today to discuss these important issues. Five years ago this committee passed reauthorization act this spill extended the operation for Satellite Television companies to provide broadcast content to unserved households. According to the satellite tv industry this provision enables roughly 870,000 customers in mostly rural amenities to receive over the air broadcast Television Signals. These customers fall into a few categories per the first is household they cannot receive broadcast content using an antenna for the second as markets where satellite providers do not offer local to local service and the third is short markets where there are no local affiliate stations with any of the records and
But a different story for amd. Both stocks on fire this year. How to trade them from here. The Halftime Report starts right now. Welcome to halftime good to have you with us on this wednesday. Our Investment Committee today, joe terranova, Jim Leventhal allianz Global Investment strategist we begin with the countdown to the fed today. Thats what everybody is talking about including Steve Liesman who is in d. C. Following the money for us i guess its pretty much a foregone conclusion on a cut i think thats right, scott i think there are some questions as to whether or not the Federal Reserve also were to end its Balance Sheet reduction. Supposed to do so in september a lot of talk on the street that maybe they do that today along with cutting rates doesnt really make sense to be tightening up financial conditions through reducing the Balance Sheet along with cutting Interest Rates and also, i see a big question about the guidance worth taking a look one last time at where the market pos
Speak, investors listen for clues and, hopefully, some clarity. But once in a while their remarks can create more questions than answers, and that was evident in the market today. Confusion reigned as Central Bank Officials appeared to walk back the chance of a more sizable Interest Rate cut at the next policy meeting later this month. Hopes for a half a percent cut were fuelled by comments made yesterday by president of the new york fed and they were top of mind again today when the head of the st. Louis fed spoke. All of the confusion though resulted in a down market with the industrial average down 68 points at 27,154. The nasdaq was down 60, the s p slipped by 18 and all of the major averages were lower for the week as well with the nasdaq and the s p turning in their worst performances since may. Steve liesman takes a look at the fed backandforth and whether investors are preparing for a quarter or a half point cut. Reporter kate lewis fed president james bull lard speaking in new
Emergency management. Confirmation votes on two of the nominees are expected at 11 a. M. Eastern today. And now through live coverage of the u. S. Senate here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will lead the senate in prayer. The chaplain let us pray. Almighty god, who is given our lawmakers diversities of talents by the same spirit, use us for your glory. Lord, protect our nation from evil, prevent the weapons formed against america from prospering, for you remain our refuge and fortress. Continue to be the strength of our lives as we remember the many times you have preserved us in the past. Lord, open our eyes to the unfolding of your providence. Open our minds to your truth. Open our lips to speak your wisdom. We pray in your holy name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for