the fcc should be getting on to do that. there is some legislation that has been introduced in a week or so all go -- in a week or so ago i testified in front of congress. they had favorable remarks on these ideas. if you missed it i tweeted out. hopefully he will look back and see that. with that, i think my filibuster is close to coming to an end. it was really great to get to join you again. i really enjoy these discussions and it elevates the discussions above the couple of characters that we are limited to on twitter and other forms. it is an opportunity to have more in-depth and more substantive issues. i look forward to hearing the remarks from our other speakers. [applause] >> thank you very much, commissioner carr. regarding your proposal to have big tech contribute in some way to addressing the shortage in support for universal service programs, it is something that i thought was really creative and interesting proposal. i have actually written about it as well. i would like to see the commission proceed as well. b

fcc have st. there is a vast wealth of knowledge if we engage in this process that does promote the public good. so i hear from other corners, at this point i'm not sure what i'm talking about it's been the commissioners' powers to regulate receivers. they regulate transmission only. i tend to think our regulations don't regulate trens missions. we regulate reception. interference as experienced by an end user or device takes place in a single transmission reception process. traditionally we haven't foe focused on receivers. i think the commission agreed to that in a task force in 2002 and been a general level of support whenever the issue's been raised. there may be reasons we haven't acted yet. i don't think that some of those reasons would include discomfort or ambiguity over the regulatory authority to do so. but to close on a free state foundation note, we are the free state foundation. i did not come here to argue for an overbearing, arbitrary commission case on this subject. i hope the comm

and the marshall a few decades ago and fundamentally, the fcc is here to help protect the public fromhe broad nice white congress face it with a broad brush to protected from fraud pretty. >> and fourthly congress did not create it, the courts did reducing with and frankly, the patchwork of regulations by enforcement obviously there are people who feel that a particular token like either is treated differently than one like xrt for example and so matter of before you right now because it's the same thing, centralized or is it decentralized in u.s. control. thank you so really gets to the issue, congress should clarify the bipartisan legislation called the token act and drafted since 2018. it would provide a status that would apply and in a 1950s law case law, to modern digital assets and provide some of that clarity we could you see generically speaking talking about the short comings of enforcement actions or even threatened the enforcement actions. versus the need for clarity. it may be a rule making process that would establish this on because what you refer to us come talk to us a

if the fcc has any say in mergers, sometimes they do weigh in.ow and then the fcc has a role. i think the sprint deal with t-mobile was probably one of those, it'll probably be a no go given where the fcc is if sohn gets approved by the senate. and, again, liz, it's an if. she's very tight with the progressives. public if knowledge, which was her think tank that she worked at last, was funded at least in part by george soros. that does not, that's not going to sit well with a lot of republicans, and if you have one democrat break out and say she's too much of an activist, well, then as you know in the 50-50 senate, her nomination gets nixed. it's going to be interesting to see how fcc regulation manifests itself, if it moves dramatically to the left. obviously, it's going to be a huge difference than the trump administration and, obviously, if sprint/t-mobile deal got -- was essentially put up now as opposed to during the trump administration, the fcc would be weighing in against it. liz: well, the trump spac, did you just hear that, down about 3

and then what the fcc has allowed here, who's your diction? does crypto currency fall under? because sometimes it's a question whether it's an asset class, a currency or whatever it might be. so where do you see that you know, absolutely brent and it's complicated, right? there's, i could, i could give it to you in 20 minutes, but certainly not in a 2nd. or 2, what i would say to you is the statutes in which we're trying to put this round pay or a square hole written for a different world that existed in the 1900 thirty's. whether it's the $33.00 act and 30 fact poor act for the fcc, or whether it's 1936 commodities exchange act for the c f t c. the statutes were written at a different time and a different place in an analog world. and so we've got this new emerging digital technology and regulators, myself included our scrambling to find how does it fit into a regulatory landscape? so the short answer your question is, it's not a perfect fit. some of it falls under the fcc side of the ledger, and then you have an investor protection mandate. some of it pulls on the c f t c s

and i think the fcc will follow suit. .- at by the fcc and i think the fcc will follow suit. .eral— fcc will follow suit. . that is the federal communicationsj the federal communications commission. you would expect some kind of retaliation to come from beijing?- some kind of retaliation to come from beijing? come from bei'ing? there is a few things — come from beijing? there is a few things that _ come from beijing? there is a few things that i _ come from beijing? there is a few things that i think - come from beijing? there is a few things that i think beijing | few things that i think beijing made it to send a message. it could, for example, slow down the process of certain export licences for us companies with manufacturing capabilities. may be a snap inspection, production facility to down production facility to down production but ultimately most us firms operating in china are already, they face challenges just in their day—to—day operations but don't forget most firms that are still operating their have some value to the chinese state in the sense that there is somethi

you should get someone to post that on the fcc website.[laughter] when you mention david ricardo and the theory of comparative advantage, you had me right there. next it's my pleasure to introduce deborah. to be frank with you, she has not spoken as many free state foundation events commissioners but she has spoken previously as a longtime friend and admired for a long time as well. i thought it was important to have her here today because she has a perspective going back quite far. with her permission, just the brief highlights so we can get her up here. she established consulting in 2001 after she left the fcc serving as the chief of the cable services bureau where she started in 1998. in that position she led a team of 100 plus lawyers, economists and engineers. and that was at a time just to put a plate on it when we were beginning to talk about the digital convergence and how the landscape was changing and of course importantly for the way in which we think about things and what that would mean for changes in theul regulatory policy.

they have chosen their equivalent to the fcc. that is the government body to look at an implement this creed united states went more towards the federal trade commission, a general competition and consumer protection regulator. it determines -- depends on how you interpret it. there is also a call for a new third kind of agency to challenge and not except the past paradigms. there are pros and cons to any of these. i don't senior legal pathway to have a statutory law of the sec or its existing authority could be used to govern this kind of online activity. so when former president trump issued an executive order trying to pressure the independent agency, the fcc, to step up, i do others did not feel that was so

they have chosen their equivalent to the fcc. that is the government body to look at an implement this creed united states went more towards the federal trade commission, a general competition and consumer protection regulator. it determines -- depends on how you interpret it. there is also a call for a new third kind of agency to challenge and not except the past paradigms. there are pros and cons to any of these. i don't senior legal pathway to have a statutory law of the sec or its existing authority could be used to govern this kind of online activity. so when former president trump issued an executive order trying to pressure the independent agency, the fcc, to step up, i do others did not feel that was some >> c-span is your uncle the government is funded by these television communities and others including charter communications. >> charter has invested in millions, building infrastructure, updating technology, empowering opportunity in immunities big install -- big and a small. charter is connecting us. >> charter coming

so what does this vote by the fcc mean and what happens next? let's bring in, boom, boom, coast and investigative journalist, ben swan, to discuss been breakdown this really for us. what does this mean? yeah. why is central, what it means is that this company has 60 days to start up, stop operating in the united states. right. which is pretty interesting. so there's 2 republicans in 2 democrats on this committee and they voted unanimously with a 4 to 0 vote. and basically what they're doing is they're going to revoke, and then terminate china telecoms section $214.00 authority to operate inside the united states, which essentially means they can't operate at all. and you know, we've talked about this for some time. you guys mentioned in the later lead up here . this is something that happened with the trump administration. for several years, we saw this happening. there was a build up here. the fcc was looking at this, not just for, for telecom, but also for a while way. and there was a ruling can to remove all the way equipment across the count

i expect the fcc will bolster his stability of our market. i am greatly concerned that the markets andnd capitol market in this economy and coming weeks as a train wreck we see coming in republican members of congress, lobbyists and u.s. treasuries were paying his debt and we are now less than two weeks away my republican colleagues are once again playing a dangerous game even i though fully increase and comes from trump's stand, a 2 trillion-dollar tax cut for the wealthiest americans in the billion-dollar wall street firm grade and then chair gary gensler will discuss from your vantage point of what the effect would be in the americans investments of the public and small businesses if the republicans insist on a government default and thank you for appearances with us today and i now recognize a ranking member of the committee and north carolina for four minutes. >> thank you and it's good to see you again chair gary gensler. last year you just confirmed and i hadn't says that you wanted to speak about this agenda but now you had time to ge

we discuss whether the fcc will step in and how it could impact the future of the world's largest crypto currency. plus a former chief technical pilot for boeing is facing federal fraud charges over claims that he lied about the safety of the $737.00 max. a full report straight ahead. handling thing has confirmed it is leaving china over new regulations, bringing it to the present as a last u. s. social media site operating in the world's most populous nation. we'll discuss we have a lot to cover today. so let's get started with the program with the latest on the state of the debt ceiling here in the us, as president biden has signed legislation to raise the limit, amid warnings from the treasury that the u. s. government was just days away from its 1st ever default. the temporary relief was passed by the house on wednesday along party lines. it will raise, they are ready. $28.00 trillion dollar debt limit by another $480000000000.00 is comes as democrats say they are can to considering trimming that $3.00 trillion dollar human infrastructure package that the by an administration has bee

fcc. by enhassing the global supply chain for trusted information and communication technology vendors, this bill will help strengthen the american economy and protect our country from nontrusted parties seeking to disrupt america's competitiveness in the information and communications technology industry. i want to commend representative spanberger, mcnerney, long and carter for their bipartisan efforts on this legislation. i hope we can come together to move the bill forward. i urge my colleagues to support the bill. i reserve the balance of my time. the speaker pro tempore: the gentleman from new jersey reserves. the gentleman from ohio is recognized. mr. latta: thank you, madam speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentleman virginia tech mr. latta: thank you, madam speaker. i rise today in support of h.r. 4028, the information and communication technology strategy act. which was introduced by representative long, carter, spanberger, and mcner

they have chosen their equivalent to the fcc. that is the government body to look at an implement this creed united states went more towards the federal trade commission, a general competition and consumer protection regulator. it determines -- depends on how you interpret it. there is also a call for a new third kind of agency to challenge and not except the past paradigms. there are pros and cons to any of these. i don't senior legal pathway to have a statutory law of the sec or its existing authority could be used to govern this kind of online activity. so when former president trump issued an executive order trying to pressure the independent agency, the fcc, to step up, i do others did not feel that was something within the law as it was designed for the fcc to do. host: are you saying that any regulation of social media will require a brand-new law and regulation instead of using the ones that we have on the books now? guest: that's an excellent question. and no that's not what i meant. there are many pieces within existing

world, premiere criptos currency of taking a new turn at the 1st bit point e t f has launched at the fcc has cleared the measure straight ahead. we analyze the development and what it means for the digital economy, plus the ongoing supply chain shortages continue to drive up energy prices with warning. it could lead to skyrocketing costs this winter. we'll discuss then 2021 has seen a theories of ransomware attacks earning hackers more in the 1st half of this year . in the entire last decade. we'll take a look at whether congress is planning to get involved anytime soon. we have a pass code is a full us get started. we leave the program with a big day for bitcoin as the world's largest crypto currency has seen the approval of the 1st bit coin futures exchange traded fund in the us. the new e t f, which began trading on the new york stock exchange on tuesday, will also allow many more investors to allocate to crypto. so far, the numbers have been good with bitcoin climbing. it's all time high over $63000.00 as of tuesday afternoon. so just how significant is this for the crypto space? joi

meanwhile, the fcc is also looking -- there is more to come is what i'm saying. francine: thank you so much. we will have more on that interview later in the hour and on david rubenstein's show tonight at 9:00. strength in business investment, orders placed with factories rose in september or the seventh straight month. michael mckee has all of the details. michael: the good news is business investment is rising but overall durable goods orders fell 5.4% largely because of jet aircraft. and you cannot get cars, so not as many orders being placed. this is a picture of the problem in the u.s. economy. this is a supply chain snarled. the white line is business orders. they are up to record levels at this point. this is shipments. they are ordering but they cannot get the goods. that's a real question for the economy going forward. tomorrow, we get gdp numbers. we will be looking to see if companies are able to sell goods, to get the goods they need. this is business investment up to the third quarter. if it keeps rising, that should be good news. there is a feeling

fcc putting a ban on china telecom corp.t is not so much a big deal given they don't do that much business in the u.s., but it comes on the back of similar tensions with the likes of huawei. seems like the geopolitical aspects may be coming back into the fray as well. kathleen: and one of the most read stories on the bloomberg terminal in u.s. trading hours was evergrande told, according to sources at bloomberg who are familiar with the story itself, he has been told to deep into his personal fortune to pay off those debts. his fortune has dwindled $7 billion from $42 billion at its peak in 2017. and the total outstanding dollar bond coupons they have to take care of our over $300. so some big questions there. looks like the government does not want to look like it is orchestrating a bailout. they want evergrande somehow find its way on its own. haidi: let's get the latest on the top market themes. joining us are our west coast reporter ed ludlow, and also our reporter in distressed debt, rachel. let's start with the tech ea

following recommendations made under the trump administation, the fcc — under biden appointee jessica that china telecom america was subject to influence and control by the chinese state and could be forced to comply with orders from beijing without judicial oversight from us authorities. there was therefore a sigfnificant risk of espionage and deliberate disruption of us communications and services. 0ur north america correspodnet peter bowes has been analyzing the moves potential impact on sino—american relations. well it is significant for what it says about the state of us china relations. in terms of the companies operation in the united states, it has been in this country for almost 20 years. it is not huge, but of course globally china telecom is gigantic in its operations, providing services for millions of people, more than 100 countries. but in the us, clearly it provides wireless services, information technology services. to business. and we should not be too surprised, because this harks back to the administration with the fcc, the federal communications commission, warning

it's a 1st big point. atf has launched at the fcc has cleared the measure straight ahead . we analyze the development and what it means for the digital economy was to be ongoing supply chain shortages continue to drive of energy prices with warning. it could lead to skyrocketing costs this winter will discuss. then 2021 has seen a series of ransomware tasks earning hackers more in the 1st half of this year, send the entire last decade. we'll take a look at whether congress is planning to get involved anytime soon. we have a package here today, so let's get started. we will, the program was a big day for bitcoin as the world's largest crypto currency has seen the approval of the 1st. bitcoin futures exchange traded fund in the us, the new e t f, which began trading on the new york stock exchange on tuesday. will also allow many more investors to allocate to crypto. so far the numbers have been good with bitcoin climbing their it's all time high over $63000.00 as of tuesday afternoon. so just how significant is this for the crypto space? well, joining us now to discuss it, bo

and i think the fcc will follow suit.ederal communications commission. you would expect some kind of retaliation to come from beijing? there is a few things that i think beijing made it to send a message. it could, for example, slow down the process of certain export licences for us companies with manufacturing capabilities. may be a snap inspection, production facility to down production but ultimately most us firms operating in china are already, they face challenges just in their day—to—day operations but don't forget most firms that are still operating their have some value to the chinese state in the sense that there is something the chinese i so by and large their work will be unimpeded for now. stay with us on bbc news, still to come: protests across ecuador — as the indigenous movement fights petrol price rises — and fuel subsidy cuts. indira gandhi, ruler of the world's largest democracy, died today. only yesterday, she had spoken of dying in the service of her country and said, "i would be proud of it. "every dr

the fcc is making strides in blocking robotexts. the commission is proposing new rules that would make wireless providers block illegal tex the fcc says it has seen roughly 14,000 consumer complaints last year alone regarding unwanted text messages. now that's an increase of nearly a 146% from the year before this year. they have reached about 9800 consumer complaint reporting instances of scam messages such as those claiming to be from the a wireless carrier pushing fake prizes or reimbursement scams. for your help in tough times laughter really is the best medicine due to favor means. by the way, a new study in the journal psychology of popular media found humorous internet memes have actually been helping people cope with covid related stress. researchers say humor can relieve tension, counteract depression and even improve the immune system. that is because laughter apparently helps the shift focus to the absurdity of the situation. instead of seen a threat and growing anxious and now john knows why constantly send him means all

too surprised because, as you just explained, this harks back to the trump administration with the fccarned in april of last year that this company was possibly facing being shut down because the us authorities feared it technologies could be used for espionage and spine purposes. it's not in terms of this kind of treatment. china mobile has also had its license revoked. this happened a couple years ago, so there is a theme and it is a theme that has been continuing from the trump administration to that ofjoe biden. administration to that of joe biden. ., , , biden. certainly the chinese company — biden. certainly the chinese company and _ biden. certainly the chinese company and the _ biden. certainly the chinese company and the chinese i biden. certainly the chinese i company and the chinese state have consistently denied all of these allegations. they say it's an issue of competition, but do you see this as a further strengthening of the biden administration stance on china? ,, , , , biden administration stance on china? ,, ,v f china? quite possibly. it's interesting _ china? quite

there is a company being looked at by the fcc also.orgive me for i am losing the name of it is just a second. these are the things. i think vision and technology for the surveillance cameras are being scrutinized by the fcc. kathleen: a story that is just beginning or continuing, todd. regulatory reporter todd shields in washington. let's get to the first word headlines. >> the plan from china's cabinet requires some people to deliver on being carbon neutral by 2060. it has plans for hydropower, construction, and defining. cbs is pushing back against concerns about chinese growth and its plans to keep suspending their. his profits jumped on the back of investment bank returns but it's asian wealth business for almost $2 billion in outflows. the ceo told us he is still optimistic about the business in china. ceo: i am strategically vocal on china. we know the country well and are successful in the country. we have good combination of businesses in it and asset management and plan to invest. >> president biden's pledge to provide southea

and so how much power to the fcc happier, even if it doesn't move to ban as you just mentioned, there's no appetite to do so. are there other ways of looking at moving to limit companies like a like a robin hood or td ameritrade that focuses on retail banking or retail on trading? i absolutely. and i think the easiest way to do it is through finra. so robin hood is not only registered with securities and exchange commission, they're also a fin, remember, broker dealer, the fcc has complete authority over finra. so i think the se c puts pressure on finra. to look at robin hood to look at their practices, to start examining them, and to put pressure on them to change the way that they do business. and more importantly, to change a relationship, say hab, with both the retail and institutional customers. now when it comes to those losses that have been filed against robin had by customers who had their trades limited earlier this year, that companies easier agreement requires just these to be settled and arbitration rather than civil court. so are these lawsuits likely to stick and are thes

plus the fcc trying to keep people's inbox is safe from spam. how the commission is planning to tackle the issue of robo texting and 2 hikers rescued after spending a night here last in the sierra the conditions they endured and video of the rescue all that much more when we come back. much more when we come back. across 4 news at 9. don't worry, ma. we'll be there soon. “we?!” is this “the one.” well...let's say i found the one who takes me to another level. always stays calm under pressure. most importantly... the one that helps me discover the coolest places. this sounds wonderful! come outside. i'll introduce you. definitely the one! introducing the all-new nissan frontier. -hi mommy! -hi honey! oh i missed you! you just want to video call the kids. ok. hush little baby... don't say a word... but if slow upload speeds turns your goodnight call into an accidental horror movie... can you hear me? shut it down. just remember. you're not a bad mom. you just need better internet. at&t fiber delivers faster upload speeds for more reliable video ca

the fcc does to the certify full forensic auditors at all? >> i -- i believe that's -- oh, it's that the eac that certifies them. >> eac doesn't certify full forensic auditors. >> that term full forensic auditors-- >> they don't certify what they certify deals with the machines themselves and the tablators and whether they can operate on the machines? >> and whether it's connected to the internet-- >> and without objection, mr. stanton is authorized to participate in today's hearing. >> thank you for allowing me to participate in today's important hearing. i'm disappointed that mr. logan declined to appear here today to address questions how the cyber ninjas, were authorized, and i suspect he doesn't have good answers that so-called audit was a fraud from the beginning. he has a history of spreading baseless theories about the election and maybe he was to spread those by mr. trump's followers in arizona. >> november 19th, 2020, mr. logan tweeted, dominion servers in german were grabbed by the good guys in germany. unquote, dominion makes elec

the fcc does not certify full forensic auditors at all? >> i believe that -- i believe it's the eac that certifies them. >> they don't certify eac, they don't certify full forensic auditors. >> that term, full forensic auditor i'm not familiar -- >> they don't do forensic auditor. what they certify is deals with the machines themselves, the tabulators and whether they can operate on the machines -- >> gentleman's time has expired. and without objection mr. stanton is authorized to participate in today's hearing. mr. stanton, you're now recognized. >> madam chair, thank you for allowing me to participate in today's important hearing. i'm very mr. logan appeared here today to draes questions how the cyber ninja firm was selected to conduct a multi-million dollar months long forensic audit. his involvement is one of the reasons the so-called audit was a fraud from the beginning. mr. logan has a history of spreading baseless conspiracy theories about the election and maybe one of the reasons why he was chosen to advance the false narrative by

yvonne: dried down by tech given the move from the fcc to revoke telecom's license. it is time to rebuild their positions. the inflation story is front and center. he mentioned how australia inflation comes back, we are watching it when it comes to ozzie yields. -- aussie yields. david: we are back to if not past the levels from a few days ago. you look at the breakevens, u.s. breakevens, there we go. punching through every ceiling put in front of it with the 10 year. the one in yellow, the highest in 15 years. yvonne: you mentioned the rates we are watching out of australia, the one in focus is 2024 bond and we are back at levels where you mentioned that the rba may have to step in. this is traders trying to challenge what the central bank government talked about when it comes to raising rates and fighting inflation. he is thinking no rate hike until 2024, maybe things will push forward now. david: absolutely. and to the act on this? is this inflation solvable by rising interest rates? another topic. and the recovery, is it buckler -- robust enough to deal with infl

evidence that that's the conspiracy theory you will see on the reddit message boards and producer the fcctigation is that a robinhood top executive was also trading those meme stocks at the time. he is the president of robinhood. some of the stuff came out in private litigation, some of the shareholders are suing robinhood in a class action saying they were unfairly treated when they stop trading the main stocks. it came out during that that these lawsuits and the discovery that he actually traded, sold shares of amc, you know the movie theater chain, that's a big mima stock before stopping trading of amc during those tumultuous dates, pretty wild stuff and a couple things i want to point out as we reported yesterday the fcc is investigating trading and that doesn't mean he did anything wrong, but the timing obviously looks enough to investigate. what we hear from robinhood and people close to robinhood is two things, number when they don't believe he violated the law. that when he traded his stock, this is what i hear from sources close to robinhood is that there was no decision made and

said has a crypto verse up in arms again we will take it up with the man who got approval from the fccfirst bit enter bitcoin focus etf closing bell fewer than 30 minutes away, the dow is down 61 having trouble making it back to the flat line but not where it was at the session sap down and the nasdaq down. ♪ i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com liz: breaking news the fda has permitted the marketing of e-cigarette products which is the very first authorization by the fda almost immediately you had a spike in the groups volume is up half 8% you see philip morris upper half 8% in turning point is flat to slightly higher where british is down half 8% the fda did didn't i for flavor p