A positive upward momentum we had recently. Be one of the reasons we are seeing a pause. Stocks have gotten too overheated levels, according to several measures. One of them is the 14weak relative strength index. We have a chart of it here for the s p 500. Line,y, this of her red when this goes over that redline it indicate stocks are overbought. On the bottom you have a green line that indicates oversold typically. So we have a record level for this 14weak indicator. If you look at the 14day rsi come it shows the highest since 1971. Momentum indicators have gotten a little overheated, and that is something investors have been talking about. Individualk to the stocks, watching some of those financial earnings as they come to a close. Morgan stanley, which has been bouncing between gains and losses this morning is holding onto a gain of half of 1 as the companys Wealth Management fees climbed to a record, raised its target for return on equity. On the flipside, bny mellon reported inlin
Committee will come to order. A recess at the committee of any time and all will have five days for inclusion in the record. Entitled examining the equifax data breach. On september 7th equifax announced a Cyber Security incident. It effected 145 million u. S. Consumers, nearly half of all americans. In other words if your hearing my voice youre either the victim or you know someone who is. Thats how massive this brief was. Criminals got basically everything they need to steal your identity, open credit card accounts in your name it may with b the most harmful the world has ever seen the companys response has left much to be desired. For weeks equifax about whether people were victims of the breach or not. And beyond brief they sold their equifax before the company disclosed the breach. I trust the Justice Department will get to the bottom of this. Clearly action by the federal trade commission and potentially other regulators is required. Congress must ensure federal regulators do the
The committee will come to order. The chair is authorized to declare a risk a recess at any time. Entitledng is examining the Equifax Breach. September 7, equifax announced what it called a Cyber Security incident. 145 million u. S. Consumers, nearly half of all americans. If you are hearing my voice your either the victim of the breach or know someone who is. Thats how massive this was. Criminals got everything they need to steal your identity, open credit card accounts in thise and cause you may be the most harmful the world has ever seen. The companys response has left much to be desired. Equifax failed to disclose the breach to shareholders for weeks. Senior executives sold their equifax shares after the company knew of the breach but before they disclosed the breach. The federal trade commission will get to the the Justice Department will get to the bottom of this. By the federal trade commission is required. Congress must insure federal regulators do their jobs so justice can be
Hold a minority hearing on the equifax data breach. Commanding properly supported by the majority of minority members. The gentlemane from california, chairman of our Foreign Affairs committee. Mr. Chairman, thank you. I thank mr. Smith for being here today. Ande september 7, my office all these offices have received a lot of angry and anxious socalled and emailed by our constituents and i think one of the things that really stands out is how can a company that deals in data not protect that data. Es in whate answer li your company did not do. You did not protect their personal information. You did not encrypt that data. You did not catch a vulnerability patch a vulnerability you were alerted 8. On march he did not disclose the breach to the public until 120 days after it occurred and the insidertrading allegations only add fuel to the fire. Before september 7, who else outside the company, your heart Legal Counsel and the fbi hired Legal Counsel and the fbi, who was made notified of t
Organization as it functions on a day to day basis. Tonight, at 8 p. M. Eastern, on cspans q a. On thursday, richard smith, the former ceo and chairman equifax, testified on the data breach at his company that compromise the records of an 100 40 Million Consumers. This testimony to the House Financial Services committee was his fourth appearance before a Congressional Committee in a week. Its three hours and 15 minutes. The committee will come to order. The chair is authorized to declare a risk a t any time. Entitledng is examining the Equifax Breach. September 7, equifax announced what it called a Cyber Security incident. 145 million u. S. Consumers, nearly half of all americans. If you are hearing my voice your either the victim of the breach or know someone who is. Thats how massive this was. Criminals got everything they need to steal your identity, open credit card accounts in thise and cause you may be the most harmful the world has ever seen. The companys response has left much