Power lunch starts right now good day welcome to power lunch lets get a check on the markets. The numbers are in the red all the averages are as investors try to digest mixed signals on the u. S. China trade talks but the indexes are off the lows the dow is down. The s p 500 call these numbers pretty flat except for the russell which is off about a half a percent we begin this hour with major deal news as Charles Scwab is in talks to buy Td Ameritrade could we be in for wave of deals that turn the disrupted back into disare you positive tors. For more on what led to the talks, let head to the New York Stock Exchange you have a combination of two big forces going on. First you have the synergy more importantly its about skill. Revenue per customer is dropping because commissions have gone do zero theres other reasons for this as well. The trend, for example, to low cost and a way from higher cost mutual funds and into etfs hurts anyone or collects revenue sharing from funds on their pla
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Roof just came out or oil prices have gone down ever since the saudi arabia incident and theyve gone down very substantially so we have plenty of oil. But those numbers were surprising to larry in the extent of the increase is that a correct statement so thank you larry kudlow. We think well make this little announcement to you because important you know the socalled whistleblower the one that didnt have any 1st class or 1st rate or. Second tier information from what i understand you have to figure that out for yourself. But ive spoken with leader Kevin Mccarthy and the republicans many of them. And we were going to do this anyway but ive informed them. All of the house members that i fully support transparency on the socalled whistleblower information even though it was supposedly secondhand information which is sort of interesting. And other things have come out about the whistleblower that are also maybe even more interesting but also insist on transparency from joe biden and his so
Next, a look at the Global Energy outlook with fatih birol. He testified before the Senate Energy and Natural Resources committee about issues including u. S. Oil and Gas Production. This runs an hour and 45 minutes. Good morning, efveryone. The committee will come to order. Id like to provide specific welcome this morning to our new member, senator smith. It is good to have you as part of the committee. I think you will find that this is a committee that does good work. We like to focus on policy and we like to do things in a bipartisan way every now and again. Looking forward to starting the new year off with that good foot. We dont have senator capito with us this morning but she is also returning to our committee and i look forward to welcoming her in her ongoing contributions. We do have a lot on the agenda today. Our broad bipartisan Energy Natural resources bill where again were looking forward to continuing that as the year progresses. Our efforts to increase our nations minera
Good morning, efveryone. The committee will come to order. Id like to provide specific welcome this morning to our new member, senator smith. It is good to have you as part of the committee. I think you will find that this is a committee that does good work. We like to focus on policy and we like to do things in a bipartisan way every now and again. Looking forward to starting the new year off with that good foot. We dont have senator capito with us this morning but she is also returning to our committee and i look forward to welcoming her in her ongoing contributions. We do have a lot on the agenda today. Our broad Bipartisan Energy Natural Resources bill where again were looking forward to continuing that as the year progresses. Our efforts to increase our nations mineral security, our need for wildfire funding fix paired with for estry management reforms, Park Maintenance backlog, islands and territories. Weve got a wide range of public lands. Those are a few of the things that we h