changes will better enable banks to meet their cra obligations? >> senator, i very much agree with your sentiments about the importance of cra, and the need to make changes in existing cra legislation to ensure that the ultimate goals are actually achieved through the actual legislation. i think when you look at the changes that have been made, there are certainly many items that are taken into account, which are directionally supportive of, you know, what i just said. we have given some comments to the regulators about some of the specifics that we would like them to just reconsider as they work towards that goal, but directionally, rethinking cra and doing it in a way that all the regulators come together is extremely helpful. >> i agree with that. i think having everybody being on the same page is an extremely important part of this as well. another thing that i think is true is that these updates to the cra regulations are decades of redo. do you think it would be helpful for regulators to update these rules more regularly to kind of have a mo

the seminal cras could look at the boulevard and you know, frustrated already. i don't remember the 1st degree ask is a green sportage and leaving it the special thing here to do what i was, i don't why the football and we are standing in the know the station board then americans loved the russians and the premiums we know evil has been done in the american name and we are praying against it. that's why i can many, many other americans are defenders of russia and ukraine, the c c. c literacy. now let's go out of time. i'm sorry for your loans. i'm sorry that you're here. i've come to take the truth back to america and help the end of this for i wanted to bring you some guess. these are for you know, fat healthy may i ask how you were wounded me cause it coming, causing, drawing me because of the 1st the with i didn't show you control on preston. i've no actually i pay the full died of the ocean by true amount of some, but as a new man, most of us, it may be of any passing i knew seen in the college, to the my own us, please give a gift or give us a small or not

. >> cra is designed to make sure that banks reinvest in communities where they extract profit.y, based on where you had a branch. wolf branches are not, no longer the primary way people access the financial system, then you have to modernize. and i think regulators have done a reasonable job of doing that. >> the banking groups say to comply with the final rules in the first 12 months, that cost could exceed $600 million. tyler. >> interesting how the change in the way that we bank is changing this kind of regulation. >> yes. >> branches are closing. everywhere. >> yes, they are. and in closing a kind of created this gap in the system. the cra, when it was first passed in the 70s, it was directly tied to, and the way the regulators kind of monitor things, based on physical bank branches. if those branches disappear, the regulatory oversight, ensuring there still access to credit in those areas, also disappears. so the intent of these new modernizations, these rules, which by the way were updated for the first time, in earnest, in 25 years, was to kind of fill in that gap in clo

that is the area we tried to remove that cra, studies media in love, but they back for us that you submitted it by sending them kemi ugandans, leaving the other pock also say they're leaving a nightmare. a big problem here is human wildlife conflicts. ellison's are increasingly going into villages in search of pastor and what, how much of a dustin come montgomery shows those? well, a heart of elephants destroyed. he's prompts as they come here nearly every day. he says the bach has been partially fence or the side is still open, can walk some more though. we try to trace the animals using many means for example, fire and v vi dollars. we often sleep at the farm to protect our yield. enable was killed while offense. on the other side of the village, other pharmacy peoples have invaded the rice funds and killed several people. gain what is said, they are aware of the distress caused and tried to compensate those who have been affected, but they also blamed those who brought the new more migration routes catch me. so i alda 0 queen elizabeth national park, uganda and that's the news for now. on

the cra shut down, key services i think is largest economy is facing it. the worst economic crisis for the generation even many struggling to afford food to go to moscow has sentenced the veterans. human rights activists are 2 and a half years in prison. oh leg off was convicted of repeatedly discrediting the russian army after he had spoken act against russia's invasion, a few crime. the 70 year old is co chairman of the nobel peace prize winning rights group. memorial, new york empowerment has passed a bill that aims to protect nature across the block. it requires a new member states to enact measures to restore a 5th of babylon and seized the natural condition by 2030 will make us adopted the legislation, despite the ongoing farms protest across your over the years green policies. while the u. farmers have said that environmental standards and regulations threaten their livelihoods, but it's not just the green deal, but it's driving these protests. publish promise they've been demonstrating invoice . so again, just checking cranes and imports of staple

and so i thought some of them don't want to risk the charges cra as the center of the dresser had left the car, charger components 4 sides. its thing of the chicken and stuff on golden wing, if it could. i share my cause a large one you thought of no problem, i should say to them, so bunch come out on the georgia and the columbia shirts. awesome. awesome. you know, just now i'm still not sure if shift a lot of any thoughts on is i'm wondering you press them when you have cars with them for my share the they can see the others troubles including childrens, that the beauty and that email adopted sonya chicone and she's now happy in the close knit family, the they enjoyed much during the long years of war, but their lives and helping those in dire straits. and that's what matters most. sure. at the point we're glass of in your size. i gotcha. from which, you know someone guards it to me to them that are the closest to every don't bass residence as their own story of suffering. you should have them not even like the magistrate or enough to certainly physician for the not more than you. gla

in the meantime, the chase to hell a lot of consequences cra months, both person demitria, past coff has been now premature assumptions by western politicians regarding the cause of nevada and the staff as an inquiry is still under way the statements of western leaders. a quite obvious look, there is no statement for medical experts, no information from medics and no information from forensic experts. there's no definitive information from the f as i end. so there's no information about the cause of death. and there are these statements. it's obvious that they're completely outrageous. we consider such statements to be absolutely unacceptable. they're unacceptable, and that's how we feel about them. well, there's a lot of information out there right now, but very little of it is confirmed. basically, the stuff we have confirmed is from russia's penitentiary service, who was the 1st organization to say that and i've only has indeed died political activist. and also we, we should mention, political extremist and russia from and from 2022 onwards. according to the russian government and

. ♪ lane cra 1 in 11 million. you're not gonna finish those salted nuts, right? waking up from anesthesia -- 1 in 185,000. validate your parking or just see how it goes? what? why stress about the unlikely? does a killer clown worry about being struck by lightning -while winning the lottery? -sure don't. but your odds of falling victim to online crime are 1 in 4. you need aura. you, your family, all protected from scary online stuff. [ laughs ] protect everything your family does online with aura. ♪ >> i view markets as broken. value is not a consideration for most investment money. money does not have an opinion about value, only price. what will the price be in 15 minutes, i want to be ahead of that. haidi: david einhorn speaking on the masters of business podcast. this is the picture, mixed downside. we saw a repeat of the previous cash session, wall street struggling. we see s&p futures and nasdaq futures looking flat. the dow is to the downside. russell futures flat. we have the bond market digesting a big treasuries sale with stocks hovering near records. w

which is named off to him to come and take the, found the off the state to all your company in the, the cra, a becomes that her vision is not to be about to call, creating new paradigms for inter continental approval corporation at all. but increasing the tenant governments influence over your foreign policy. the program sounds of grand and it sounded promising. it would have been very difficult for any african countries to object or all the to not buy into what was said. and it was in 2021. when these promises were made in kenya and the congo. we have launched vertical integration initiatives. the 2 countries will be able to produce significant volumes of agri, feedstock, starting in 2023. it's now trade to trade before and even in the mentioned combo and present full, the situation is not much of it. so we understand the from the investigation that production day has also not even reach the testing stage. in fact, each of these proposal to serve as an energy gateway for natural gas from africa. i'm raising the questions about the advertising. i guess it's a stop to us over renewable energ

oh, your company in the, the cra, 8 becomes that vision is not to be about to co create a new paradigms for inter continental approval corporation at all. but increasing the tenant government if it was over b, u foreign policy. the programs sound a grand and it sounded promising. it would have been very difficult for any african countries to object or all the to not buy into what was said. and it was intended to the one when these promises were made in kenya and the congo. we have launched vertical integration initiatives. the 2 countries will be able to produce significant volumes of agri, feedstock, starting in 2023. it's now printing t tree before and even in the mentioned combo and present fold, the situation is not much a bit. so we understand the from the investigation that production b as also not to even reach the testing stage of incense into this proposal to serve as an image. he gateway for natural gas from africa. i'm raising the questions about the advertising. i guess it just stops us over renewable energy sign with experts. advocates at the moment for a focus on renewable

and even now standing on a valuation that isn't completely crazy,. valuation that isn't completely crabeat expectations so - crazy,. how did it beat | expectations so widely, crazy,. how did it beat - expectations so widely, and we therefore need to be wary of therefore need to be wary of the bubble here? i therefore need to be wary of the bubble here?— therefore need to be wary of the bubble here? i think we do need to be _ the bubble here? i think we do need to be wary _ the bubble here? i think we do need to be wary about - the bubble here? i think we do need to be wary about a - the bubble here? i think we do i need to be wary about a bubble, but in the very short term, companies are looking for its chips at such a rate that it is able to charge a very high rate makes a very large net profit margin. about 50% of its sales come back in profit in cash, so the company itself isn'tjust successful, it is generating an enormous amount of cash, and that of course is something which is long—term, it is not a short—term valuation thing, it is a very long—term thing. what we will see over th

his wife tells a "new york pos" they cra cross into the u.s.ew york city he was arrested in queens and released a short time later. this only adds to the growing concerns over who exactly is coming into our country, if they are being embedded and where they are now? alexis mcadams is live in eagle pass, texas. i understand you have new information about the suspect. >> hi arthel yes foxnews was able to confirm in the past hour or so that suspect who is now suspected the murder in georgia that his son is only arrest here on the books. he was actually busted for child endangerment charge back in queens a year ago. we are learning more about that from the nypd who took him into custody we were told it was his son who is five years old it was on the back of his moped and he was driving for uber eats and that is when he was taken into custody this is one of hundreds of thousands of migrants who crossed here at the southern border. take a life look at our drone in eagle pass, texas things have slowed down here, why? all of the razor where you can see

. >> what if there was no cra credit. >> all of these are essential ways that the federal government provides resources to ensure that some people with extremely low housing but the funding is far under the need, the federal government only provides funding for wine and every for household who needs housing assistance and eligible to receive that piece that we have what is essentially a housing lottery system in our country. where only the lucky 20% gets the help they need. >> thank you. >> gentleman from wisconsin mr. fitzgerald is not recognized for five minutes. >> thank you mr. chairman. i want to take the questioning in a different direction. last month i sent a letter with 16 of my colleagues on the committee to the banking regulators to raise concerns about endgame proposed high-risk wage. for residential mortgages. one of the major issues that the proposal removes is the ability of banks to use mortgage insurance to reduce the risk waves for low down payment mortgages. departure from existing bank capital rules on the federal housing finance agency capital framework for the g

this clearly more losses to be taken, as alicia noted and the certain banks -- larger cra exposure. but when the time comes the fed has already told us the government's already told us that they're not able to -- as investors, you have to react to that, at least modestly. >> well, certainly with the don't fight the fed -- the feds not perceived to be adversarial anymore. it's pivoted. we're zooming that the next move is a cut. >> listen. rightfully so. again, you've gone from 9% inflation worth 3% were on our way to 2%, maybe we'll get stuck at two and a half, i don't know. but again, from an investment, that's an economic discussion weather to the 3%, or whatever the right target might be, what effect does that have on -- a number of other components of the government. but from an investment standpoint, i'm not sure that illinois cool works, or bowing, or chipotle have some sort of troubles in a 3% environment -- i can probably even make the case that percent is better for profits, in which case the market should be going up in volume. >> lastly, since we're talking about rates, ho

>> i worry about the cra but it's not a major issue. it's not -- you won't have a clear event.ve the cre, this region, this property, his company, it's much more idiosyncratic than systemic. >> you find it interesting that we keep bumping right up -- yesterday 4999.89 and now we are 4999 point whatever and we are trying to bump against this hurdle that, look, the last two years have been dicey. we have not gone anywhere for a couple of years on the s&p 500 and here we find ourselves heading to this -- historical level. >> people are talking to us about charts and said, it's winter break out. we are going to get to 5000. you to 5000 and animal spirits are back it's an important level for a lot of investors but for us valuations are still high and it's really focused on positioning style, sectors, and that's where you want to make. >> wells fargo head of equity strategy. will take another break. market behave if you will last time. see what happens in the break this time but again, if we do it as a level, i promise you, we will come back. of next we have top technician speaking o

that's cra-- all right. [laughs] i mean, jesus. i'm just saying-- [laughter] enough. enough. alicia: i love it so much. it's crazy. i just don't feel like that much time has even passed. scott: hmm-mm. so i feel really energized and really excited about everything that's happening. i'm going to leave you with this, and only because we are getting ready for the grammys. this moment-- ooh. --with you and blue ivy. [squeals]. look at her. oh, i re-- i mean-- i remember this so clearly. these are our dear friends and our family and everybody in this picture is-- we are very close and have true love for each other. so obviously, every time you see an angel spirit, you got to go down to their level and give them some good, good love. and so it was just like, how are you? how's everything feeling? i'm so happy to see you. and now they tell me that rumi, she sings all my songs. she's my little pumpkin pie. she is so adorable. come on. so it's really, really-- this is so beautiful. scott: i love it. that is high praise, indeed. well, this past monday was a big day for oprah. she turne

however, b f a notes that higher losses tied to commercial real estate, cra office exposure, faces of in loans had two multiple cnre our minor of ongoing credit normalization that we are likely to witness across the industry. and of course, yesterday's fomc meeting, pushing back against rate cuts being imminent, served as salt in the woods for this already battered sector. guys? >> leslie, what does this mean for basel three regulations and these looming higher capital requirements? >> another great question, courtney. on one hand, some of these losses are tied to compliance with some of the stricter regulatory compliance. getting ready for basel three, but there's been this notion in the market, people are expecting some watering down of the basel three proposal as it was written. and regulators could turn to what has been this week. look, these are why we need higher capital requirements, this is case in point as to why we are doing this. now, that is kind of this question as to, will they hold up new york community bank as the canary in the call might y the stricter regulations nee

thanks to reporting from politico, "the new york times," and axios, we now know that cra and project 25 have a long list of plans for america on day one of a second trump administration. including mass deportations, shooting migrants at the border, full immunity for police to kill at will. gutting the epa, terminating the constitution, bombing mexico, exiting nato, banning muslims from entering the country, imposing idealogical screenings for immigrants. revoking student visas of those who protest on college campuses against israel. he also wants to dismantle the department of education, enforce florida style patriotic education in our schools, end federal funding of any schools that mention so-called critical race theory, gender ideology, or what people like stephen miller determine to be inappropriate racial, sexual, or political content. they intend to force children to learn about their version of the nuclear family, including the roles of mothers and fathers and things that make men and women different and unique. that's what our kids will learn in trump's christian nationalist

organization's mission, as a renewing of consensus of america, as a nation under god, for a statement to cra'sld use his administration it is a new public policy with it. joining me now, the national investigative correspondent for politico, heidi, great to see you again, thank you so much for making time for us, russell vote, he served as trump's director of management, and budget but he is the trump chief of staff in a possible second term. how does he gain this level of influence with donald trump? >> that is why we are writing about him, because he is the one with the influence. we know he speaks with trump regularly, and we have already seen trump echo some of these ideas in terms of withdrawing from nato. as we know, vote has very strong opinions on the border, he says that jesus was not on an open border person, but this goes beyond that, and that is why we're writing this story. the christian nationalism we are talking about is also influenced by william wolf. we know that vote is close to the former trump official, and his ideas are much more extremist. we are talking about on isolati

feed information from the surfa o the moon after being tipped over shtlafter becin the first american cra settle on lunar soil and more than 50 ar the spacecraft is an intuitive machine in made landfall last thursday and will be broadcasting information for another week or so until it becomes defunct. and now a discussion on the air force in its efforts in space with air force secretary for space acquisition and integration. he also talked about the recent odysseus spacecraft landing on the moon. this is about one hour. >> i'm the director of the defense industrial group. i am delighted to be able to welcome you to this event. delivering for the war fighter, the importance of executing space acquisition programs. it is a true privilege to be able to introduce the honorable frank cavelli. he serves as a service acquisition executive for space systems and programs within the department of the air force and as the chair of the space acquisition council. before his current role, he served as the principal deputy director of the national reconnaissance offer. -- officer. of always been complex

thesshe's sittine bills are cra >> she has nseo idea she's sitting on a goldmine. she doesn't know that if she owns a life insurance policy of $100,000 or more, she can sellicy? eve all or part of it to coventry for cash. >> even a term policy, even a termre is not to be find out f you're sitting on a goldmine, call coventry direct today at 800 496 9200 or visit coventry direct action. i'll be honest, by the end of the day, my floors. >> but who has the time to clean? that's why i love my swiffer. wetjet. it's a quick and easy way to get my floors cleaned. wetjet and locks, grime deep inside. look at that swiffer wetjet using one's enzyme, google o turns into heroes. google's wildly woke and inaccurate a.i. chatbot gemini is yet again making is headlines for extremely biased answers. this time it was asked to condemn as wrong. gemini responded by saying the question is, quote, multifaceted and requiresd it a nuanced answer that goes beyond a simple yeid is or no. hall, my uncle should keep that answer handy when they pull him over in his win windowless van. i'm kid

but this is emblematic of chuck schumer, the way he does it, to cra it. sorm thing last minute to moment to sort of come down from, you know , like moses, nobody with the ten commandments. nobody can amend it. nobody has tim has time to revig it's certainly not going to a committee. we should spent weeknding ofs tt about this amending of it. it's not going to happen. it's not going to happen. it's ridiculous. th >> this affects the entire future, the culture, the economy of the united states of america. >> but we have congressmen like republican dan crenshaw slamming republicans for not just jumping on boaritd with tht border bill. >> watch this. stupiditis havstrongy is havingg opinion on something you know nothing about. i'm extremely disappointed in the very strangge be by many on the right to torpedo a potential border reform bill. we have a bill that on netio significantly decreases illegal immigration and we sabotagetoldo that. that is that is inconsistent reth whath votert told our votee would do. people will make up whatever reasons they they wana

that is the area we tried to remove that cra, studies media um in the background that you submitted you it by sending them kimmy, gunned in sleeve near the park, also said in leaving a nightmare. a big problem here is human. why live conflicts? ellison's are increasingly going into villages in search of pastor and watch how much of a dusting cub gumby shows those. well, a heart of elephants destroyed, he's perhaps become here nearly every day. he says the bach has been passion, defense of these side as seen, open can walk some more to we try to trace the animal. so using many means for example, fire and villas. we often sleep at the farm to protect our yield, enables killed violence on the other side of the village, other pharmacy, peoples, how the invaded the rice funds and killed several people. gain what is said. they are aware of the distress caused and tried to compensate those who have been affected, but they also blamed those who brought the new more migration routes catch me. so you all to 0. queen elizabeth national park. you gotta still a habit islands. basketball team refuses

feed information from the surfa o the moon after being tipped over shtlafter becin the first american craettle on lunar soil and more than 50 ar the spacecraft is an intuitive machine in made landfall last thursday and will be broadcasting information for another week or so until it becomes defunct. and now a discussion on the air force in its efforts in space with air force secretary for space acquisition and integration. he also talked about the recen

if branches are no longer the way you access the system, you have to modernize with the cra. regulators have done a reasonable job of doing that. >> reporter: the banking group says to comply with the rules in the first 12 months could exceed $600 million in costs. guys. >> it's really interesting. i'm thinking how you should do that. it definitely is one of the effects of what we have seen with banks. >> they closed the branches i used to go to. >> you think of "it's a wonderful life." it used to be a place where you go and part of the community. it had that vested interest of what was going on. that is totally gone. i don't know. i don't know how you write the rules so you don't somehow see where it is ineffective or has adverse consequences somewhere. banks, obviously, don't want to lend in areas where they -- they need help to make sure it is unprofitable or unable to do that. i don't know how you do that, leslie. >> it is complicated. that's what the law was for and it hadn't been updated in 25 years. these new rules, guys, are 650 pages long. there is a lot to digest th

getting out to dublin very slow out of castro valley a cra. south bay is beginning to get slow.ive look at 280 san rain clouds. slow traffic there. and of course we always check out the bay bridge toll plaza. still backed up to the maze. 811 let's go back to the desk. >> thank you. sal, another oakland restaurant is shutting its doors and blaming crime. what customers are saying about another longtime business now leaving. plus this is going to be an increasing problem for all kinds of coastal infrastructure. >> what could be a dire future for california piers? >> the struggles many beachfront cities are facing as storms batter our state not just any whiteboard... ...katie porter's whiteboard is one way she's: [news anchor] ...often seen grilling top executives of banks, big pharma, even top administration officials. katie porter. never taken corporate pac money - never will. leading the fight to ban congressional stock trading. and the only democrat who opposed wasteful “earmarks” that fund politicians' pet projects. katie porter. focused on your challenges - from lowering hous

>> well, individual supervisors of banks are responsible for ensuring, for example, that cra requirementsre met by banks and the cfpb has authority to make sure that fair lending and other laws are bathed. >> allau right. >> okay. >> well, just as i closed here, chair mchenry this committee held hearings with large financial institutions in order toey allow members to directly k them questions on the record. this, of course, in recognition of the banks role in our economy and congressional responsibility for proper oversight for the american public. mr. chair, will you convene a hearing with the ceo's of the largest banks? >> well, restate your question? >> yes, i wanted to ask if you would follow esteemed tradition and efforts of ranking member waters and undo a hearing with the largest banks so that we could ask them questions on the record and conduct proper oversight? the role they play in the economy? >> it was the chair's decision to watch the senate do that hearing rather than hear the second day of the testimony. that's why the chair did not do that this year. >> all right. well,

the 2017 cra was the decision that ensured that we would have a level playing field across all industry sectors. when it came to privacy. the fcc should not be working unlawfully to disrupt that. >> thank you. and to bring us into the home stretch, chairwoman, i'm going to just end on something that i think everyone is concerned about, and that's ai, so talking about the comment period for the notice of inquiry on advancing understanding of nonfederal spectrum usage closed recently. and the inquiry focused in part on the machine learning and ai and leveraging those tools at the fcc for spectrum management. how do you plan to use the information gathered through the noi specifically as it relates to artificial intelligence and ml, and what are you the next steps for the fcc in this space? and how can we coordinate over time? >> the next step is to read what was been filed with us, but look, ai, if we can have pattern identification on large scale, we can take scarce resources like our airwaves and figure out more efficient ways to use them. darpa has already done a lot of work on introdu

quits the cra is be looked at by the mandates. thank you manager. >> thank you, mr. chairman. quickly hear your argument that the recent changes to the level price adjustments does not punish borrowers with high credit scores and down payments and it will impact them. but i have to deal -- drill down a little bit on your argument about undermining risk-based pricing. did any of this increase under the new pricing grid? >> yes. in terms of credit scores, were there any price increases assessed on any loan with a credit score of six only nine or lower? >> i don't have the chart in front of me. quits the answer is no. but the next question is really more revealing. is it correct to say that all increases in the lpa under the new grid of 680 or higher -- >> i think the capital requirements for those loans which the pricing grid is tied to reflects both. quickly answer is yes. every one of these goes to borrowers with credit scores higher than 680. this is a problem that members have because our constituents have a problem with this. if they advance a political agenda of equitable