News live at the showing from burlingame this morning. Robert, you just talked to the attorney that filed that lawsuit against vw. Tell us how we connect here in the bay area. Reporter well, ill tell you what, we did just talk with the attorney who filed the lawsuit just within the past hour or so. Again, it was on behalf of two stanford professors as well as other owners of volkswagen diesel vehicle owners. The two stanford professors and case being handled by well known local attorney who just did an exclusive interview with us just after filing the lawsuit. Now, as we reported after months of denials volkswagen admitted to the epa it installed socalled defeat devices into millions of its diesel run vehicles. The device allowed antipollution controls to operate at maximum efficiency only during an emissions test. So vehicles passed emissions test but released up to 35 times the amount of allowable pollution when on the road. Again, the bay area connection besides the impact on consum
Throughout. Tom lee said himself, the financials, the idea that were out with some of those, that sounds like great news to him. Its something theyre going to be covering in squawk on the street right now. Expired, by which the underwriters can start saying what they think. And guess what eric schmidt thinks is the companys biggest rival when it comes to search. The answer may surprise you. Got his attention. A big day for Bank Earnings. Jpmorgan chase posting a Third Quarter earnings miss. Revenues, though, did exceed estimates, helped by fixed income, currency, and commodity training. Citi reported better than expected Quarterly Results while wells fargo came in right in line with what was expected for its Third Quarter earnings. The Bank Earnings coming one day after stocks posted the worst threeday losing streak weve seen since 2011. The s p 500 down nearly 1. 7 , closing below its 200day moving average for the first time in almost two years. I said 1. 3, it was 1. 7. And adding th
Live coverage here on cspan. The spe the speaker the house will be in order. The prayer will be offered by chaplain kibben. Chaplain kibben please pray with me. Immortal, invisible god only wise deepen the appreciation of your truth and our hearts. Unchanging, unwavering god eternal root your strength in our souls. For your word and yours forever and your counsel stands for perpetuity. So may our meager efforts find our foundation in your eternal plan. May your decisions be rooted in your everlasting word. Use us in this time and this place that even the least of our accomplishments would find worth in your design. Guide us in these days that the most inconsequential elements of our work would have value in your eyes. In each fleeting moment confront us with the opportunity to acknowledge that you are present here, now and in every minute of our lives. And may we serve to glorify you this day. In your presence we stand and in your name we pray. Amen. Exoik the chair has examined the jo
Prepares to pass the chips and science act, a bipartisan, bicameral bill that will wellequip our nation to meet and beat the challenges of the 21st century. With Monumental Investments in this legislation, we take key steps to strengthen our fa families and our nations Economic Future, unleash research and investment in every corner of america now and for generations to come. Let us salute the outstanding leadership of the house negotiators who tirelessly fought and secured many major victories for American Families and the American Economy in this package. Thank you, in particular, to two terrific champions, chairwoman Eddie Bernice johnson of the science, space, and technology committee, chairman Frank Pallone of the energy and commerce committee, as well as other chairs who were involved in this legislation. I want to also acknowledge the leadership of the Ranking Member, mr. Lucas. Mr. Lucas, it was a joy and inspiring to behold your very informative and impressive presentation in
Our economic and National Security. These provisions were built with vigorous input from the scientific community, industry, academia, and other stakeholders on what they need most to succeed in the 21st century. This final product is the result of months of bipartisan negotiations. It is also the result of dedicated efforts and long hours put in by the committees staffment and i want to staff. And i want to thank each of them for helping us get to where we are today. With this legislation, we will bring about solutions for the climate crisis, enhance our Semiconductor Research and manufacturing, create jobs, increase regional innovation, and so much more. We will also take historic and muchneeded action to build a strong and diverse stem work force and ensure that were able to make use of all the brain power and talent we have. In have in our great nation. With bipartisan stem pieces in this bill, we will create a Bright Future for all of those who wish to pursue stem, no matter their