Bloomberg television, starting at 9 00 p. M. Eastern. Along the gulf of mexico, the texaslouisiana border is reeling after hurricane laura unleashed a wide swath of destruction, with winds reaching 150 miles an hour after coming ashore. It is now churning over louisiana. It could lead to more than 15 billion in insured losses. One of the top talkers on wall street, meantime, news of wall street joining microsoft to make a joint bid for the social media sensation tiktok. Now aligned with oracle. For more, i want to get to scarlet fu in new york. A lot tied to these remarks from the fed. There was a lot of gyration in jay powells remarks. In the case of equities, the fed moved it higher. The dollar moving higher. Bonds falling. In no rush bank is to raise interest rates. It will let the job market run hotter and inflation run higher, potentially overshooting the 2 target, before taking any kind of action. In the end, we saw financials get a boost. They benefit from a higher yield and a s
Were honored to have the full Committee Chairman with us this morning and i expect senator blumenthal the Ranking Member to join us momentarily. As chairman of the subcommittee with jurisdiction over amateur athletics i welcome all of you to todays hearing, it is entitled name, image, likeness of athletic compensation. The expectation or hope that we might limit ourselves to the type of conversation but have no control over my colleagues or necessarily what the witnesses will say that may take us broader in scope. I absolutely look forward to hearing from her witnesses and im appreciative of all l of thm in the university of kansas, the president of Athletic Association and the big 12 and two former student athletes. In my home state we have a rich history of College Enter College Athletics, university of kansas one in the womens soccer team one the 12to title last in my hometown of manhattan, phil snyder revolutionized College Football at Kansas State University and the legacy continu
College athletes ability to earn money from endorsements. They spoke at a Senate Commerce subcommittee hearing. Good morning, everyone. The committee the subcommittee will come to order. Were honored to have the chairman with us this morning, and i expect senator blumenthal to join us momentarily. As chairman of this subcommittee with jurisdiction over amateur athletics i welcome all of you to todays hearing entitled name, image, likeness, the state of intercollegiate compensation. The expectation or hope is that we might limit ourselves to that kuip of conversation but i have no control over my colleagues or what the witnesses may say that may take us broader in scope. I look forward to hearing from our witnesses. Im appreciative of all of them being here but especially the chancellor of my alma mater the university of kansas, the president of the collegiate Athletic Association and two former student athletes. In my home state we have a rich history of College Athletics. The womens s
College athletes ability to earn money from endorsements. They spoke at a Senate Commerce subcommittee hearing. Good morning, everyone. The committee the subcommittee will come to order. Were honored to have the chairman with us this morning, and i expect senator blumenthal to join us momentarily. As chairman of this subcommittee with jurisdiction over amateur athletics i welcome all of you to todays hearing entitled name, image, likeness, the state of intercollegiate compensation. The expectation or hope is that we might limit ourselves to that kuip of conversation but i have no control over my colleagues or what the witnesses may say that may take us broader in scope. I look forward to hearing from our witnesses. Im appreciative of all of them being here but especially the chancellor of my alma mater the university of kansas, the president of the collegiate Athletic Association and two former student athletes. In my home state we have a rich history of College Athletics. The womens s
Have the chairman with us this morning, and i expect senator blumenthal to join us momentarily. As chairman of this subcommittee with jurisdiction over amateur athletics i welcome all of you to todays hearing entitled name, image, likeness, the state of intercollegiate compensation. The expectation or hope is that we might limit ourselves to that kuip of conversation but i have no control over my colleagues or what the witnesses may say that may take us broader in scope. I look forward to hearing from our witnesses. Im appreciative of all of them being here but especially the chancellor of my alma mater the university of kansas, the president of the collegiate Athletic Association and two former student athletes. In my home state we have a rich history of College Athletics. The womens soccer team won their first title last year. In my hometown of Manhattan College football at kansas staet university and a legacy continued by the current coach and Athletic Director gene taylor and who c