Ibly2 Anthony Blinken is not the only biden official. A twist in the disappearance of gabby, police were called as her fiance speaks out for the first time. Ibly2 you are watching Fox And Friends First on a busy morning. Marymac the nos have it. Gavin newsom gets to keep his job after being declared the winner. Ibly2 larry elders fiery response. He faced losing his job, by the latest numbers a resounding 65 of the vote. He faced a historic Recall Election fueled by his handling of the pandemic, shutting down restaurants and schools but with backs of Campaign Cash from corporate donors, union volunteers, political guns, newsom rebounds to defeat Talkshow Host Larry elder who never held office. Newsom relished his victory in the salon his term which ends next november. Im humble, that exercise their fundamental rights. To vote and express themselves so overwhelmingly by rejecting the division, the cynicism, so much negativity that has defined our politics. Give credit to democrats who av
The gentleman from New York mr. Torres is now recognized for five minutes. Thank you, Madam Chair. I have a question for the ceo of remorgan stanley. How much did you sustain and losses from the collapse of [inaudible] . 911 million. And the head of [inaudible] pleaded guilty to Insider Trading about a decade ago. You greedy were you [inaudible] i was not personally but as a company we were aware that. Were you aware of all the other credits of contracts he had entered into and the lack of diversification in those contracts and the extent of his over leveraging . No, there was not Clarity And Transparency around his position. Given the lack of Transparency And Clarity surrounding the Credit Risk would you support an sec would require disclosure of a significant economic interest and a company regardless of the form that interest might take. It is in everyones best interest for adequate exposure. I know chairman Gaines Letter will be looking at this and i certainly would work him14 with
Inadvertent background noise. Members are also reminded that they may only participate in one remote proceeding at a time. If youre participating today, please keep your camera on, and if you choose to attend a different remote proceeding, please turn your camera off. Additionally, i want to announce that for this hearing, it is my intention to recess the committee for five minutes every two hours. Lastly, before we begin, id like to take a moment to recognize congresswoman items who is celebrating her 75th birthday today. Happy birthday, congresswoman adams. Thank you, maxine. Happy birthday. Thank you so much. Thank you. I now recognize myself for four minutes to give an opening statement. Good afternoon, everyone. Today, this committee convenes for a hearing entitled, holding mega banks accountable, an update on banking practices, programs, and policies. And of course you know, testifying before the Committee Today, we will have the ceos of Jpmorgan Chase, Citi Group, morgan stanley
we start with the technology sector it s making more money than ever as the pandemic shifts more of our lives online. in the last few hours we have heard from facebook and apple. starting with facebook it has reported a surge in earnings over the holiday season thanks to heavy advertising spending by online retailers. facebook made revenues ofjust over $28 billion in the three months to the end of december. that s a jump of a third on the same time last year. that s not surprising given social media use keeps rising. 3.3 billion people use at least one of facebook s platforms facebook, instagram or whatsapp at least once a month. that s a jump of 14% on last year. if you think those are big numbers take a look at these from apple. it made record sales of one hundred and eleven $111 billion over the holiday season. that s up 21% on last year and much better than investors were expecting. here s our technology correspondent james clayton in san francisco. i t