Problem with multiemployer pensions, which needs to be addressed. However, this bill, i believe, will actually set us back. It does nothing to address the underlying structural issues of these plans. It actually does nothing to protect younger workers who will be asked to keep paying into a system which remains troubled. And it saddles taxpayers with liabilities which are unlikely to be paid back at a massive cost to taxpayers. Let me provide just one alarming example of how flawed this proposal is, which i also highlighted in our committee markup. Under this legislation, if a pension plan applies for a loan and the newly administration cannot make a determination on that plans ability to repay in order to approve or deny the loan within 90 days, the loan would be automatically deemed approved. Taxpayers deserve timely responses from treasury, but no Reputable Institution would rubber stamp loans like this. Pensioners and taxpayers both deserve better. Lets Work Together to deliver a r
The United States not to interfere. Coming up on afternoon live all the sport olly foster. Weve already had british winners on the second day of wimbledon well head live to the all england club and also lyon and the lionesses as we count down to the world cup semifinal. Thanks olly, and thomasz has all the weather. The weather is lush. It is beautiful, just right. We will be talking about the european monsoon in halfan talking about the european monsoon in half an hour. Also coming up turning their backs on the eu meps from the brexit party stage a protest at the opening session of the European Parliament. Hello everyone this is afternoon live im simon mccoy. Its been one of the major Sticking Points in the brexit negotiations but the two candidates vying to be Prime Minister have been outlining their plans for the irish border after the uk leaves the eu. In the latest conservative Party Leadership hustings in belfast, jeremy hunt said it would be impossible to have an eu withdrawal de
7 billion flowdan to Crypto Assets last week we will discuss that with the delta plot we will discuss them in so much more throughout the hour. Lets get to markets, a hotter than expected cpi print that drove the narrative. In the equity space it was a negative reaction at first. We havent changed her mind about the idea that if a rate cut is coming from the Federal Reserve is not coming until june. We are now up by a percentage point and a lot of the legwork coming from the earnings story. Semiconductors higher. Even as you see rates creep i. The 10 year yield was creeping up and bitcoin is down 1. 36 . Just above 71,000 u. S. Dollars per token. Talking about this upside and equities is probably oracle that accounts for that. The story, 20 5 topline growth in this cloud business. If you look at the analyst known there is an ai detail went. Lets get right to the conversation and bring forth brody, bloomberg oracle chief. The performance of the cloud unit, that was pretty good. They boo
Steve stunned commuters say it sounded like a bomb went off and that they were going just too fast coming into the station. But its unclear why. Thank you for joining us im steve aveson. And im pam moore. Pam tonight we look into whether a horrific crash like this. Could happen here in the bay area . But first tonight, we start our Team Coverage with justine waldman. She is here now with what happened this morning in hoboken. Reporter horror during the morning rushhour. People on their way to work. Waiting for the train. When suddenly. The train plows into the platform. We have also learned about the woman who died. Fabiola bittar de kroon was standing in a waiting area when the train crashed through a barrier. The 34year old was killed by falling debris. Most of the injuries were to people aboard the train. Half of the first car was crumpled, and the roof crushed down to the seats. Witnesses say people were pulling concrete off of victims. Some passengers kicked out the windows of the
its cruel using intellect to hurt people. Reporter they have chosen not to speak publicly until sentencing hearing also want the prosecutors without charges against muller for crimes and not included four federal case. Reporter reached out for comment about these allegations they had a conflict of interest in this investigation fbi refused to comment referred us to federal prosecutors and did not want comment on this either because lots of Vallejo Police they are not commenting either. Grant a train crash in hoboken, new jersey, has left one person dead and more than 100 injured. This is video of the aftermath. Investigators are trying to figure out what caused the crash. Scott mclean has the latest from the scene. Reporter the pictures show the aftermath of a massive crash at a busy train station outside of new york city. It slammed into the station killing one person who was standing at the platform it happened around 845 eastern time this morning, the ruthless like to the has collap