Gina ewing testified that the Biden Administration has driven a historic recovery over the last three years and address the need for Regulatory Framework stable corns and Digital Assets. Intelligence and the financials actor. This is about two hours. Committee on banking an the committee will come to order. Secretary ellen who has been taxable in the schedule and we had to change the time from yesterday to today and then she has to leave at 11 30. We will risk back that. I will enforce the five minute rule on myself and everyone else. Thank you for understanding, all of you. For a long time, its clear what gets rewarded and wall street. Bigger risks mean bigger profits. Your profits mean more stock options. Bigger profits mean fatter bonuses. Then we end up with a wall street culture that glorifies seen just how much they can get away with. Executives know that when big bets pay off, they get to cash out and when is bets failed, they dont clean up the mess. Workers and taxpayers and ou
We have several moves to get through from the committee today, and were going to start there and start with josh brown who bought a few new things. I want to tell you about all those. You bought ebay, which hit a 52week high on monday. Thats the highest since february of last year. Tell me why that one has been added to your portfolio. So this is a breakout in progress. It got above longterm resistance, which was 48. I think it will hold that level, but well have to see. This is the highest level ebay has traded at, really, since april of 2022. It had been in this range between 38 and 50 since the summer of 2022. So this is basically a stock that cant get arrested. Theyve had literally no support on wall street. Nobody wants to talk about it. Its ten times earnings. We know the reason why its ten times earnings. Facebook came into the marketplace business a few years ago, stole some of ebays thunder. Theres not a lot of growth here. But thats the point. Youre not paying for growth. At
The oakland as are searching for a temporary ballpark until the new stadium is complete. Ahead, a live report on the key lease negotiations under way right now and reaction from fans about the future of the team. A very good morning and thanks so much for joining us. Im laura garcia. And im marcus washington. We could soon find out just how long the as will stick around in oakland before moving to the new stadium in las vegas. Nbc bay areas bob redell is joining us. There is a meeting taking place about a possible lease extension at the coliseum . Correct. As youre well aware, marcus and laura, the as lease at the coliseum expires after this baseball season. Last month the city oakland, Alameda County and the team did meet to discuss a possible extension at the coliseum site and they are, again, as planned meeting again this morning about this. We did reach out to the city of oakland for some comment to give us insight on whats happening at todays meeting and they didnt offer us much i
Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerman, dan nathan, and guy adami. We begin with what might be a sign that the air is coming out of what have been some of the years most popular trades. Lilly and nvidia boasting big drops today. Nvidia has now fallen nearly 12 from the record high hit friday morning. Japans nikkei nosediving, falling to its lowest in over two weeks. Even the red hot industrials trending lower. Meantime, recent laggards catching a bit of a bid today, with alphabet and apple notching gains. So, have markets lost faith in this years high flyers . Is this the start of a rotation which some might call healthy at this point, guy. Could be. And tim has correctly pointed out that as the semis go, the markets going to go. Lets try to drill down there quickly. Nvidia, on friday, massive reversal, we talked about it on the show. Traded two timesish, 2 1 2 times normal volume. Huge rotation lower. 230 billion
About the collapse of silicon bank west church of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role the Federal Reserve and the Deposit Insurance Corporation Bank Regulation of Risk Management. This event as hope and by the brookings institution. Kground noises] [background noises] good morning everybody. Im director on fiscal and Monetary Policy and be half the hutch and Center Center on me you to this event both the people in the room and the people watching remotely. Our subject today is what lessons we have learned from the really interesting efforts of march 2023. A year ago the glol Financial System suffered the most significant banking stress since the Global Financial crisis of 2007 and eight. As you all probably know if event Silicon Valley bank failed prompt and the fdic to take it over the middle of the dayay could not even make d it to the weekend which is as a one off event. Silicon valley was certainly for lack of a better term unusual. Th