so erin, i'm glad to welcome you aboard to cpsc. i also want to say to all of you, as i say every time i speak, myself and the agency and all of our staff and the commissioners work for all of you, the american people. and my door is always open. if there is anything that i can ever be of assistance of or to or you have an issue or a concern about the agency, i hope you will feel free to reach out to my office and to contact me so that we can have that important discussion. and i will just say, the door is always open. in closing, i want to say that cpsc's mission is a critical one. it is critical. maybe one of the most important of a government agency to keep the consumer safe from unreasonable risks of injury and harm. nothing is more important than the safety of our children and our families. i do not take the responsibility lightly. as the acting chairman of the agency. and i would ask all of you to join me in helping to promote consumer safety, because i know if we're working together, rather than in our own little silos, we ca

last week cpsc hosted our north american summit. we had health canada in and talked about keeping all of north america safe. we do many bilateral and trilateral recalls with our two partner countries. and understanding what we have to deal with and what they're dealing with. we had two full days. one was a choslosed meeting on government side and the next day was open panels and forums to talk about the issue and how can we work together, how can we work more efficiently to keep the consumer safe in all north america. next week we'll be hosting the e.u. and china for another trilateral summit. welic forward to that as well. those kinds of conversations are key to keeping the consumer safe. lastly, one of my priorities is data. we need to be able to expand our sources of data and our capabilities of analyzing that data. it's one thing to get in a lot of data, but if we don't have the resources and the staff and the technology to assess that data, to understand where the risks and the hazards are, it's for naught. we need to improve o

last week cpsc hosted our north american summit. we hosted canada, and we talked about keeping all of north america say. we do many bilateral and trilateral recalls with our partner countries and understanding what did you with what they are dealing with, so we had to bang full days. one was a closed meeting on the government side with just the government staff and then than and then thepen -- next day was opened with public forwards and how we can work that are, how we can work more efficiently to keep the consumer safe in all of north america. that was last week. and next month we will host the e.u. and china for another trilateral summit. we look forward to that as well. again, is kinds of conversations are key to keeping the consumer safe. and then lastly, one of my priorities is data. we need to be able to expand our sources of data and our capabilities of analyzing that data. it is one thing to get in a of data, but if we do not have the resources, staff, and the technology to assess that data, understand where the risks and h

currently the cpsc has a 3-1 democratic majority. while her nomination has been favorably reported, as well as an mary buerkle's nomination, twice in this congress, both have been held by the other side.ms. baiocco's confirmation is a crucial measure of good governance to restore balance to the commission. to date, mr. president, i have not heard a single argument against mr. baiocco's abilities, notwithstanding her extensive qualifications to be a commissioner at the cpsc, however, some colleagues on the other side have voiced concern about her nomination on the grounds that her career representing business clients in the consumer product and liability space may impact her impartiality when considering issues before the commission. a few have raised issues about her impartiality because of her spouse's career as a litigator at the law firm of white and williams. mr. president, to my colleagues who harbor such concerns, i would note that the senate routinely confirms nominees who are lawyers with private practice backgrounds and we e

and it's really a very significant part of what we do at cpsc. our staff is engaged in well over 70 voluntary standards committees. and so we are actively involved. a few years back we gave our staff the ability to vote and to take leadership positions on these voluntary standards committee, because we believe in and we have been directed by congress that when the voluntary standard will adequately address the hazard and when it will be complied with, with the regulated community, that's their preference for us. so voluntary standards are an important part of what we do, and we are actively involved in it. and i again want to thank rachel and the consumer federation of america for her active involvement. rachel -- i don't know how you do it. every issue that is brought up, bob mentioned it, and i'll mention it. rachel is there. and she's well-informed, and she's sharing an important message. and so thank you. voluntary standards is a very important part of what we do. the next issue, and you may have heard on recall effectiveness -- recall effect

doesn't have the ability to issue recalls and as we heard from acting chairwoman burkel this morning the cpscsn't see at least at this point that it's within its remit to deal with these kinds of security issues which could actually put children physically in danger. so what to do about this. one thing that's happening, justin, is that consumers union has launched a new program to test and report on the privacy and security of these kinds of internet-connected devices. so can you tell us why cu started the digital standards program, how it works and what you've found so far? >> yeah, so it was really more about consumer reports. so consumer union is the advocacy and policy wing but consumer reports has an 80 hundred year history of testing products and looking at tvs do they work, are they good, cars especially, a lot of people rely on cr for cars. so we're really good at evaluating products but now products have new dimensions, internet connected, other things to be worried about. are there data security concerns? so about a year ago the organization put out this digital standard which is th

you can find this on cpsc. that's your commodities forecast function here.tially, red indicates bearish, neutral is in yellow, and green is almost intuitive. we are coming off a leak where bullish bets are on the way up. the past two weeks might indicate we might be pushing on the high side. -- thisseeing this here did hear slightly tilt towards bearishness. old story.ore on the impacts help understand the broader outlook. what impact what a snap back in iran have on the oil market? anna: obviously a lot of analysts are calling this a bullish move. one of the predictions of we have is from fte and industry consultants. they predict about 200,000 to about 500,000 barrels. oft's 500,000 barrels a day oil that will be cut from the market and snaps back sanctions on iran. predictinge them 200,000-300,000 barrels a day of oil being cut out of iran if the u.s. pulls out. haidi: what analysts are saying about the outlook? anna: i think a lot of analysts are very optimistic, very bullish about what it will do to the oil market. a lot has been priced in. we see oil r

it's my distinct honor and pleasure to introduce this morning's keynote speaker, acting cpsc

baiocco an ideal candidate to help the cpsc. testifying before our colleagues on the commerce committee, she pledged to seek the balance with transparency and an open-door policy and to remain guided by the rule of law, i look forward to advancing this nominee when we vote later this i do not have -- afternoon and would urge all of our colleagues 0 join me. earlier today, the president signed in law a congressional review act legislation. federal regulators found a loop hole, skipped the standard period for review, and public comment and issued unilateral guidance that made life needlessly complicated for the american auto industry and its customers. thanks to senator toomey's ten n.a.s. thank you, the g.a.o. ruled that this intrusion did indeed constitute rule making that ought to be subject to congressional review. so congress got to have its say. accountability won out in the end. and now thanks to this resolution from senator moran, yet another onerous regulation is now headed to the wastebask wastebasket. our record use of