. >> robin hood ceo testifies before the house financial services committee on games stops rapid stock price increase and its decision to hold stock on its platform. once life thursday getting at noon eastern on c-span, online at c-span.org or listen on the free c-span radio app. you're watching c-span2, your unfiltered view of government . c-span2 was created by america's cable television company and brought to you by these television companies who provide c-span2 to viewers as a public service . >> yesterday late yesterday after 3 and a half hours of legal arguments the senate voted 56 to 44 to move forward with the impeachment trial of donald trump, agreeing that the constitutionality of the trial of the former president was indeed subject to the court of impeachment as and peddled by the u.s. senate area they are dabbling in for legal arguments in five minutes and hear about how today will unfold in the u.s. senate. today house managers begin their 16 hours of presentations, the legal case against the former president on impeachment, one article

. >> on thursday, the house financial services committee hearing on volatility in the stock rise of gamestopecisions by some companies to restrict trading in the stock, witnesses include the robin hood ceo, citadel ceo kenneth griffin. capital management ceo gabrielle plotkin, reddit ceo stephen huffman and a financial analyst, keith gil. what live thursday at noon eastern, watch on the c-span.org or listen on the free c-span radio app. >> next, look at the connection it between education and civil rights, focused on public education especially in minority communities. this is an hour-long event hosted by the progressive policy institute. >> my name is kurt valentine. i am your moderator. this is sponsored by the reinventing schools project at the progressive policy institute. the project promotes a model of schools we call 21st century school systems, systems that provide parents with more choice, have more economy, and a return to more accountability. the purpose of this webinar is to discuss whether giving parents the power to choose where their children attend school as a right or a priv

company, the "politico" of has the report, ceo is expected to testify before the house financial services committee february the 18th. that should be quite a show. i said we'll talk to ken paxton later on. the financial services committee in the house led by none other than congresswoman maxine waters. vlad, the ceo, will testify on the hill february 18th. >>> the weather today, more than 80 million people are under extreme storm watchinges as the northeast is weighed under snow. a looming strike over chicago schools on a plan to return to in-person learning. we'll have the plans details ahead. a growing push to out of governor gavin newsom is facing a recall vote over his handling of the state's pandemic. the fallout from that later in the hour. nicorette knows, quitting smoking is freaking hard. you get advice like: try hypnosis... or... quit cold turkey. kidding me?! instead, start small. with nicorette. which can lead to something big. start stopping with nicorette at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers with 2 unlimited lines for less than

this bill includes several provisions led by myself and members of the financial services committee, including representatives vargas, axne, presley, scott, cleburne, green. i support the committee's efforts to advance this bill to provide much needed relief to medical personnel, struggling renters and homeowners and people experiencing homesness, struggling small businesses and airline workers. nearly 1 in 5 renters are behind on paying their rent and collectively renters owe over $57 billion in unpaid rent, utilities and fees. the pandemic as worsened the housing insecurity as homeowners and renters struggle to stay afloat. many small businesses have closed their doors and many more are at risk of closure. and with limited travel, airline workers also remain at high risk of layoffs. the american rescue plan will support each of our communities with especially resources to revitalize the economy, defeat the virus and help working families make ends meet. under my committee's jurisdiction, the bill would help medical personnel by providing $10 billion to boost production of emergency

maxine waters, democratic congresswoman from california and the chair of the house financial services committee> 11 republicans voted to remove marjorie taylor greene from her committees. but given what has been revealed about greene, why didn't all of them vote that way? it speaks volumes about the current state of the gop. we'll break it down next on "velshi." ♪ after we make grilled cheese, ♪ ♪ then we're eating grilled cheese. ♪ ♪ because it's time. ♪ ♪ yeah. ♪ ♪ time for grilled cheese. ♪ obsession has many names. this is ours. the new lexus is. all in on the sports sedan. lease the 2021 is 300 for $359 a month for thirty nine months. experience amazing at your lexus dealer. ordinary tissues burn when theo blows. so dad bought puffs plus lotion, for thirty nine months. and rescued his nose. with up to 50% more lotion puffs bring soothing softness and relief. a nose in need deserves puffs indeed. you're clearly someone who takes care of yourself. so why wait to screen for colon cancer? because when caught in early stages, it's more treatable. and the chair of the house "velshi." and the cha

the hearing, house financial services committee will kick off soon. a who's who players, heads of gamestop, we'll hear from sit is a dell, reddit, a host of others, melvin capital, all the players on all the sides. it will be virtual. announcing he was going which way congress seems to be hinting at. both republicans and democrats i should stress have been looking at this from different sides but all at weighing in and maybe regulating what can be extreme behavior here. so we're on that but first i do want to let you know we're also monitoring the power outages that remain in texas. i'm told it is down to a few hundred thousand from better than 3 1/2 million this time yesterday. i don't know how accurate the figures are but they're expecting more bad weather. as you've seen what is happening to americans in new york city. we're getting a good deal of that in the new york metropolitan area. the fourth time in almost as many days. we're following that. we're following how the nation braces for that and higher prices come with that, and disruptions from

i think the republicans on the financial services committee are very aware of that.rles: to your note, i think we went, seven, eight years, without a new bank at all. the big banks got bigger. loans got harder and main street suffered. to your point, touche there. let me ask but speaker pelosi. she continues to come under fire increasingly for her role in the capitol hill riots but seems like non-stop incendiary comments. is this a good cop thing, her being mean cop, president biden being the good cop? if so can congress get anything done in this kind of atmosphere? >> this is the worst atmosphere in i've seen in my four years of congress. biden's inauguration remarks requesting unity has inbeen met. i think with respect to what happened on january the 6th, speaker pelosi without giving president trump any due process whatsoever, immediately moved to impeach him again. now we're learning is from the capitol police chief who pelosi asked to resign after january 6th, mr. sund, he requested from pelosi two days prior to january the 6th the national guard be on standby.

in the meantime, the house financial services committee readying for battle. charlie's about to break it on what the democratic led committee has in store for robinhood ceo ten we've and it dell founder ken griffin ahead of thursday's grilling. >>> and paul walsh clinking glasses with vintage wine estates on their way to the street and to investors. their plan to win over the quarantining crowd and compete with the hard schultzer craze is next. closing bell ringing in 51 minutes. again, records for the s&p, transports and dow right now are in play. stay tuned, we're coming right back. oh, yeah, and a potential guest. mr.-- well, let me just wait -- [laughter] he's coming up. my buddy. ♪ my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter... she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. the world's first fully autonomous vehicle is almost at the finish line

the key players in the reddit-gamestop short squeeze to testify before the house financial services committee facing questions from lawmakers about that age-old question, whether the markets are rigged existence the individual invest -- against the individual investor. our panel has a preview. they both have great knowledge from two different sides. markets mixed at this hour but definitely off the lows. in fact, the dow still on pace for its third straight record close. we've got it up 84 points. any gain for the dow will do the trick. oil and nat gas still rising as a deadly winter storm still paralyzes texas and now heads east leaving millions without power amid rolling blackouts and subzero temperatures. we're going to have a live report on the ground from the lone star state. and now that warren buffett's mystery stocks have been revealed, we are about to deconstruct why he bought or added to those positions and why he sold two names that are considered best in their class. you've got to hear about that. >>> in the meantime, fox business alert, winter weather still causing severe issues

how about when the chairwoman of the financial services committee told supporters at a rally in 2017? she was a member then, unlike the person we're talking about today. if you see anyone from the cabinet in a restaurant, in a department store, at gasoline stations, you get out, you create a crowd, you push back on them, and you tell them they're not welcome anywhere, anywhere with anyone. anymore. after she called for violence against public servants, did speaker pelosi condemn it? or did she look the other way and make her chairwoman again? i don't know if you want to amend this one and add others so you can keep your standard. the answer is obvious. what democrats -- while democrats attack congresswoman greene, they not only ignore the fractions within their own party, they reward these members with prestige and influence. when it comes time to vote, i expect democrats will codify this partisan power grab. i would advise them to think twice and pull this resolution from the floor while they still can. i've heard democrats quote senate minority leader to defend this resolution. i wo

she is chair of the house financial services committee which is of course holding the gamestop hearing tomorrow. we will get her game plan for that congressional testimony mike santoli is here with us of course tracking the market action as always mike, come to you first of all what do you focus on today sort of soft week so far and some of the more over priced tech stocks that are struggling most of all. >> exactly kind of listless though i do think we had a couple bounces off morning lows around 3900 level in the s&p 500 and then also a little more of a boost after the fed minutes were released not sure why there was any suspense about what the fed was going to say but nonetheless seemed to clear the way. the weakness we have, the restraint on the s&p 500 is coming from the big growth stocks apple most particularly is down a couple percent tesla coming up from losses, too. really just staying right within that kind of rally channel we've been in for a while. we kind of had a couple lower toward 3900. came into the week over bought came into the week with maybe seasonal headwinds but

. >> the house financial services committee held a hearing today on the recent volatility in the stockrice of gamestop and the recent decision to restrict trading. if you missed any of the hearing can watch it in his entirety -- it in its entirety. >> with the biden administration now leading the federal response to the coronavirus pandemic, follow the latest. search c-span's coverage of news conferences as well as remarks from members of congress. use the interactive gallery of maps. go to c-span.org/coronavirus. >> we are joined by presidents of the american federation of teachers, here with us this morning to talk about the efforts to reopen schools across the country. welcome to washington journal. guest: thank you. my kids communist weingarten host: how many members do you have, what types of educators do you represent? guest: we have about 1.7 million members, a

. ♪ >> on thursday, the house financial services committee hearing on the recent volatility in the stockrice of gamestop and decisions by some companies to restrict trading of the stock. witnesses include robin hood's ceo, citadel's ceo kenneth griffin, and gabriel plotkin and a financial analyst keith gill.

the house financial services committee is about to begin its hearing into the frenzy around gamestop so-called meme stocks a couple weeks ago. for a preview, we turn to kevin cirilli. kevin, set the stage for us. kevin: we are moments away from maxine waters convening this hearing on gamestop, on robinhood. it is drawing a lot of attention. three things to watch for. first, does gamestop -- do gamestop and robinhood plan for the long-term and try to have a seat at the table of the regulatory onslaught of questions they are facing after the political theater of today? will some republicans align with democrats, like congresswoman alexandria

house financial services committee on the robin hood stock tum ult. potentially there is headline risk. we could get some sense of regulation and disclosures. . i guess i care in the sense that i am trying to work out what jonathan: -- jonathan: i guess i care in the sense that i am trying to work out what the lawmakers are pushing for. tom: the only thing i can think that would be untold and responsible would be to talk about was there anything the various, any agreements between robinhood as they went for salvation in terms of billions of dollars. but you are not going to get that at a hearing. jonathan: i totally agree with you. no one is going to say, you're right, there was collusion. tom: i want to go back to claims. i think we forget it is the single immovable force within the stimulus debate. the survey today is 770,000, and on the last day of january last year, that statistic was 201,000. there's no other statistic that matters for the politicians. jonathan: we are not there yet. the labor market hasn't healed enough, and that is why the fed

of robin hood as well as to hedge fund investment firms will testify before the house financial services committee. they will discuss the recent trading turmoil and other stocks. they are probing how retail trading joe certain stocks to extreme highs while squeezing hedge funds that had been against them. >>> still ahead and streaming on the bay area, a powerful winter storm bringing some of the coldest temperatures in decades. >>> getting dangerous on the roads. the icy conditions leading to this. >>> we have a new view of the red planet. >>> a reminder to check out the news app. it gives you 24 seven access. >>> new video showing just how dangerous slick roads can be. this is an officer sprinting out of the way as another vehicle comes crashing into a stopped car. it had a pass and landed near them. this is in texas where they'd been dealing with the winter weather warnings. officers had been busy with hundreds of crashes across the state. there is also a power emergency with rotating outages. several cities are experiencing record low temperatures. >> a new photo shows a spectacular view of mar

matt: all right, key scenes from the financial services committee hearing, and it does beg the question understand how financial markets work? because it's not the impression i came away with after watching that hearing yesterday. bloomberg's dani burger joins us for more. so, did you watch the whole hearing, dani? i mean, it did seem like there was a lot of theater and a lot of people asking questions seemed like they hadn't really studied the issue quite yet. dani: yeah, i did watch the whole thing, and some of the questions were kind of confusing. at one point, someone asked vlad, why did you name the company robinhood? that was kind of an extreme example, but i felt like a lot of questions didn't get to the heart of the matter, which is the volatility when we saw gamestop spike, and when robinhood had to restrict trade. it felt like a lot of the questions were unable to get into the technical. you had some lawmakers who were able to venture into the one keenness of it. -- wonkiness of it, but instead it was, has trading become to gain a fight -- gamified? of course, retailers are no

i've served on the financial services committee. take the 2008 financial crisis for example. when lawmakers bailed out wall street and abandon black and brown communities who lost everything, many have yet to recover. so as we work to ensure an equitable recovery to the current crisis, we cannot afford to simply tinker around the edges. as lawmakers we have a responsibility to ensure our long-term recovery efforts leave no community behind, and that is why we are here today. we are here to demand responsive legislation to the needs of the movement who delivered this victory. to finally center our vulnerable communities. to demand a recovery that invests in people because that is what student debt cancellation is. it is an investment in the people, particularly black and brown families, who we know will spend that back into their communities and stimulate our economy at a time we need it most. now are our resolution has over 50 cosponsors in the house and a record level of support across both chambers of congress. we are joined by over 325 grassroots organizations in calling o

alert, investors big and small all around the world rivetted at this hour by the house financial services committee hearing entitled gamestopped: who wins and loses when short sellers, social media and retail investors collide? it became pretty apparent that robinhood's ceo vlad tenev was the biggest target. back in january as retail investors were piling into gamestop shares, ten never, with no warning, cut off customers' ability to buy gamestop shares. and that caused the price to plummet. >> in other words, you seem to reserve the right to make up the rules as you go along. so i have two questions for you. first, do you think you owe your customers more disclosure and transparency than you gave them? and second, do you believe your lack of candor with your customers might have contributed to the wild speculation -- >> i'm sorry for what happened. i apologize. >> your trading restrictions came out of the blue. >> we'll be committing to reviewing absolutely everything about this, but the 3.4 billion that we raised, i think, goes a wrong way to cushioning the firm from future market volatility and

hood into hedge fund investment firms will testify at a virtual hearing before the house financial services committee. they will discuss the recent trading turmoil in game stop and other stocks. they are probing how it drove certain stocks to extreme highs while squeezing hedge funds that had been against them. that is your cbs money watch report. furthermore, go online. >>> >>> one still define the public health order. it's nothing new. over the weekend we saw dozens of people without masks coming and going. the county's band doesn't single out churches. it includes all indoor gatherings. it comes after they ruled the ban on indoor religion services was unconstitutional meaning that those churches could reopen except for those in santa clara county. >>> i don't think that people are too worried. we don't look to the state regarding religion. so, god is our leader. >> last week, trying to block the bands they met they are not exempt from the high court ruling. the county says that they continue to pose a serious risk and they specifically noted that the framework doesn't single out houses of worship

house financial services committee. more companies say they plan to make their temp jobs a permanent part of their post-pandemic workforce. 40% of companies say they're going to make temp jobs permanent. about two-thirds of workers today are considering temp jobs themselves or part-time work to earn a little bit more money. also the job app. and google announcing a new set of features coming to devices on androids. they include a new password checkup tool. a way to schedule your text and other improvements to products such as talk back, maps, assistants and android auto. it will alert you to passwords that had previously been exposed. this will be on your phone, too, and check your credentials against a list of compromised passwords. also on the auto, you'll be able to play "jeopardy." i'm not sure that's great while you're driving but for long drives can be a lot of fun. >> a little quiz show in your car. >> what is not a good idea? >> next up, the hefty price tag to lift this sunken boat from the bottom of lake tahoe.

. >> on thursday the house financial services committee hearing on the stock price of gamestop and decisions to restrict trading of gamestop. robin hood ceo, and financial analyst keith gill. watch live thursday beginning at noon eastern on c-span, online at c-span.org, or listen on the c-span radio app. >> obama governor delivered the state of the state address. she would -- he docked about the response to covid-19 -- she talked about the response to covid 19. alabama governor deliver the state of the state address. she talked about the response to covid 19. erent. just like 2020 was different from every other year in memory. instead of seeing the members of the legislature in person, the capital building empty. because of covid-19, our legislators have taken the precaution of social distancing in their chambers as they prepare for the formal start of the session. to the people of the legislature let me begin with a word of heartfelt thanks. thank you for working with my administration and me, together we have moved from good ideas and solutions to the challenges and demands of this past ye

lawmakers on the house financial services committee grilled top executives of robinhood and other playersat, he was the once anonymous trader, he led them under the name roaring kitty. your reaction. >> i thought it was interesting. a lot of times when we have these hearings, whether it's the head of banks or roger clemmens, a lot of times it's fluff. a lot of this is old also grandstanding. in the internet age trading and how people get information is changing. that's one thing that will come from this. to see vlad come out and offer an apology, that's just crisis management there. i thought ken griffith's comments were interesting. at the end of the day, i think the market is going to move past this, that type of trading worked for some, the gamestop trading worked for some. it didn't work for others. i think ultimately people are going to be active in the market. they're going to be sharing information online. and regulators are going to have to figure out the best way to regulate that so that no securities laws are broken. cheryl: lindsey, that's the question mark for everyone, are we

charlie: before we get into that, let's do a little breaking news on the house financial services committeeinhood/reddit trading frenzy. everyone is talking about who is coming on the witness list. it could come today or could come monday. it's being finalized as we speak. again, some of the names have been bandied about by staff members. staff members have told this to various sources i have, the final say obviously is up to committee members led by maxine waters of the house financial services committee. i have seen these witness lists change at the last minute but names, you know, are going to be pretty interesting if this is who they call. ken griffin of citadel, gabe plotkin of melvin capital, remember, it was one of the funds that almost went under on the short squeeze. steve huffman of reddit, which was obviously at the center of the short squeeze. obviously robinhood is the app, free trading app, at the center of this as well. and a reddit blogger, i don't know the name of the person, it might be the guy everybody talks about being the famous one, it might be someone else, wait for

i know as a financial services committee is to ensure equity in our financial markets. and protections for investors. today we -- we'll talk to the witnesses regarding these events. it will be an opportunity for this committee to get the facts about the role emof the entities of the witnesses represent. now, i recognize the ranking member of the committee, the gentleman from north carolina, mr. mchenry, for five minutes. mr. mchenry: thank you, madam chair. let me just begin by saying i believe americans are far more sophisticated and informed and capable than people in d.c. give them credit for. but i called for this hearing last month i wanted this to be a fact-finding mission. we have speculation, we have headlines and finger pointing, but we don't have the facts. we need facts not just a lishes bits or nasty comments or reddit. there is plenty of that. we need the facts today. now, some of the floating new restrictions. without selling them. i think if we are -- we have learned anything from the past few weeks, it's that these average everyday investors are pretty d

alix: you have been listening to fed chair jay powell before the house financial services committee. joining us to break it down is michael mckee. we do not get any catwoman references today. what was your take away so far? michael: it is more like groundhog day. bill murray could be playing the chairman because we are getting what we got yesterday before the senate. the fed chair telling everyone the fed is still in line to keep stimulus going as long as the economy needs it. stocks turned around on that. what happened yesterday? stocks turned around. the fed does the inflation coming but it is going to be transitory because it will be based on supply-side shocks for commodities and things in short supply. then the economy will get going. there is not a problem. house members, depending on their political party, have pressed him on the question of whether or not they should put more stimulus into the economy and how much and where and he is completely declining to answer. they have tried every way possible and he is totally staying out of that today. nothing new from the chairman. h

visit ncicap.org] >> the house financial services committee here just wrapping up its hearing on the recent volatility in the stock price of gamestop and decisions by some companies to restrict trading of that stock. if you missed any part of this hearing, you can watch it in its entirety starting at 8:30 p.m. eastern tonight here on c-span. >> you are watching c-span, your unfiltered view of government. c-span was created by america's cable television companies in 1979. today, we are brought to you by these television companies that provide c-span to viewers as a public service. ♪ >> earlier today, nasa's robotic rover perseverance touched down on mars. this video shows the reaction from the control room. >> maneuver has started. about 20 meters off the surface. >> we are getting signals from roll. >> it's good. >> touchdown confirmed. safely on the surface of mars. [cheering and applause] >> at this time, perseverance is continuing to transmit through the orbiter to earth. [applause] >> we take you live now to a news conference with nasa officials on today's landing of the mars per

our role as a financial services committee is to ensure fairness in our financial markets and system,obust protections for investors and accountability for wall street. today we will hear firsthand from the witnesses and this will be an opportunity to get the facts about the role each of the witnesses represent played in the events we are examining today. now i recognize the ranking member of the committee, the gentleman from north carolina, mr. mchenry for five minutes >> thank you, madam chair, and let me begin by saying i believe americans are far more sophisticated, informed and capable than they're given credit for i wanted this to be a fact-finding mission and we have speculation, headlines and finger-pointing, but we don't have the facts we need facts, not just the salacious bits or nasty comments on reddit and, look, there's plenty of that we need the facts today. some of the left are already floating new restrictions or things to protect these so-called uninformed retail investors who in their eyes don't know the difference between the point and the dow jones without congress

the head of the house financial services committee says this is the first of three hearings to get to the bottom of what happened >> on the third one, we probably will have enough nofgs really determine who really did what and whether or not there was collusion, whether or not there's conflict of interest, whether or not there are things going on that's in violation of s.e.c. rules >> the hearing kicks off at noon eastern. >>> rush limbaugh, the controversial and hugely popular right-wing talk radio host has died at the age of 70 after a year-long battle with lung cancer nbc's geoff bennett looks back at his life and career. >> reporter: rush limbaugh was a broadcasting icon and troernl voice in republican politics. >> i have a question for the democrats. when are you going to get tired of losing. >> reporter: his self-titled show was the most popular show by the time he was 8 years old, rush limbaugh had set his sights on a career in radio getting his start by playing records on a toy radio in his bedroom that enthusiasm and singular focus carried through his teens. limbaugh quit col

. >> oh, yeah, the house financial services committee, marcus, is led by california's maxne waters. they are held via video conference. congress looking into whether there was suspicious trading adds reddit bidders traded gamestop. here's one of the main reddit users who goes by the nickname roaring kitty who posted the stock leading some people to buy. >> the idea that i use social media to promote gamestop to unwitting investors is preposterous. my post did not caused movement of billions of dollars intoney them. but what happened in january just demonstrates again that investing in public securities is extremely risky. >> another big issue is why robinhood, the stock trading app, stopped some of its users from buying gamestop shares. robinhood ceo telling congress the process wall street uses to clear those transactions is far too slow. marcus, it sounds like today is mostly going to be educational for members of the committee. chairwoman waters has talked about having as many as three more hearings then possibly introducing legislation to try to prevent what happened to gamestop

visit ncicap.org] >> today, the house financial services committee hearing on the recent volatility and the stock price of gamestop and decisions by some companies to restrict trading of the stock. witnesses include robinhood c.e.o., citadel c.e.o., the capital management c.e.o., lovett c.e.o. and financial analyst, keith gill. watch live today beginning at noon eastern on c-span, online at c-span.org or listen on the c-span radio app. >> the 117th congress includes over 60 new members this. diverse group includes first generation immigrants, state representatives, television reporters, and former college and professional athletes. watch our conversation was new members of congress. all this week at 8:00 p.m. eastern. tonight, we feature freshmen members who have backgrounds in conservative activism, including michele fischbach, diana harshbarger, and stephanie bice. watch interviews with new members of congress. tonight at 8:00 even on c-span. online at c-span.org or listen on the c-span radio app. studenn journal, we are joined by arthur brooks, professor at -- author of the book "lov

i spoke to the lawmaker who launched this hearing, chairwoman of the financial services committee maxinerst question, what do you hope to get out of this thing? >> we must start to find out exactly what happened, to that end i'm going to have a series of hearings, the first hearing i have invited robinhood in citadel, and melvin capital and reddit, and even keith gill and we're going to ask them exactly what did you do, what role did you play? and our second hearing we're going to bring in the experts to opine, or to share information with us about what was happening by the retail traders, what was happening with the hedge fund guys, what was happening with short selling, all of that. and then of course the third hearing, i think we will have enough information to make a decision about whether or not we need to do some corrections. as you know sec is the cop on the block, they're doing their own investigation now. and so by the time we get to our third hearing we will probably be able to determine whether or not there was conflict of interest, whether or not there was collusion, and we w

the big story is obviously jay powell, second day, today in front of the house financial services committee. the market very much testing chairman powell. johnson & johnson, that is a big story as well. that one shot vaccine very effective, the fda saying. president biden's review of the u.s. supply chain s -- supply chain story is something we need to be talking about as well. let's talk to michael mckee, bloomberg economic and policy correspondent. maybe the market is taking a cue from powell. using that is the case? do you think you will be happy -- do you think that is the case? do you think you will be happy to see yields rising today? michael: i don't think you will mind it. the fed chairman speaks to congress, but he is really speaking to the markets in these hearings. his message to the market is steady as she goes, but that is not changing its mind at all, no matter how he was asked -- mind at all. no matter how he was asked, he refused to say anything about stimulus. he basically said we will see rising inflation, but that will be transitory, and we are still far from our employme

house financial services committee. we will talk about the recent trading turmoil and gamestop and other stocks. the company is examining how retail trading drove certain stocks to extreme highs while squeezing the hedge fund to bet against them. >>> is the other rights to vote low income housing out of your neighborhood. >> susie steimle is here with a look at an article to repeal article 34. >> reporter: it is language in california's constitution that requires that voters approve public housing before it can get builds. state lawmakers have long been saying that this is racist language that needs to be removed. >> it went into the constitution in 1950. so that people could keep black people and low income people out of their neighborhood. >> so what does repealing article 34 actually look like? >> so because this is voters power right now, they have to vote to give up the power, which is something that has been difficult in the past. they have tried to repeal this language three times and each time california voters

this hearing before the house financial services committee has not been officially announced.adness of last week. the news coming as robinhood eases some restriction on gamestop this morning. raising its trading limit to now 20 of shares that you can buy. clients who already own 20 shares cannot buy new stock. the rollback of restrictions coming as robinhood raised $3.4 billion in cash since thursday ayou loan. that's more than it as raised since its founding eight years ago. gamestop shares are plunging, down 33% right now and this is the low of the morning on gamestop shares with this sharp decline of $76. republican senators are walking away from a two hour meeting with president joe biden with out any agreement on coronavirus relief. the gop plans a $618 billion price tag, about a third of the size of president biden's $1.9 trillion proposal. his provides $160 billion for vaccines, $50 billion for small business relief, and the gop plan has $1,000 direct checks to many adults. meanwhile, president biden is expected to sign a series of immigration executive orders today. th

the virtual hearing is underway and the house financial services committee questioning some of the key players involved in the unusual tock frenzy and they l came to social media to drive up the price of beaten down stocks. >> the idea that i used game stop to drive down the market is propost-roush. >> that's keith gill, known as roaring kitty on redit where he urged investors to invest in game stop. online stock trading company robin hood halted trading in small stocks promoted by redit users and ceo of bay area based companies spoke out saying everything went down in accordance with their rules at the time. >> look, i'm sorry for what happened and i apologize and i'm not going to say that robin hood did everything perfect and that we haven't made mistakes in the past. what i commit to is making sure that we improve from that . >> robin hood promotes itself as investing for everyone in the middle of park based company facing a lawsuit from the family of a young man that died by suicide recently after his online investments with the company went bad. michelle. and ask ask >>> today the

. >> republican representative tom emmer appeared inverted during yesterday's house financial services committeemiddle of his comments when chairwoman maxine waters asked if he was okay. emmer said that he does not know what happened, but a short while later the problem was fixed, and he was right-side up. >>> and the nominees are out for this year's class of the rock and roll hall of fame. first-time nominees include rapper jay-z, the go-gos, and the rock band foo fighters. the 16 contenders also include previous nominees such as tina turner, ll cool j, and devoment turner's nomination was for her solo work. she was inducted into the hall of fame in 1991 as part of ike and tina turner. the class of 2021 will be announced in may. >>> coming up on "cbs this morning," a look at the so-called free britney movement as a hearing gets under way today over the management of britney spears. agement of britney spears. these are real people, not actors, who've got their eczema under control. with less eczema, you can show more skin. so roll up those sleeves. and help heal your skin from within with dupixe

for the first time, the house financial services committee will grill executives from the trading app reddit, and other players in the drama. topics are expected to include why brokerages shut down trading and how to protect retail investors. shares of gamestop soared 1,600% in january after an unprecedented tug-of-war between amateur investors and hedge funds. the stock plunged in trades around $46 a share, just below that right now. >>> facebook has blocked people in australia from viewing and sharing news on its platform. it comes in response to a new law in the country requiring online platforms including facebook to pay news outlets for displaying and linking their content. this means that australian publishers will be restricted from posting news content on their pages on the social media platform. it also means facebook users worldwide will be unable to share or view news stories from australian publishers. anmel icg.d wi chocolate cream i the new treat also has chocolate cookie crumbles on top. krispy kreme is only selling it today to celebrate the mars rover landing on the re

the ceo's of reddit and the stock trading platform robinhood the house financial services committee is looking into several issues one did robin hood illegally restrict trading at the height of the frenzy for the benefit of its large wall street clients, especially hedge funds and did investors on reddit use the social media platform to manipulate the market, here's what the ceo of robinhood had to say. >>robin that securities put the restrictions in place in an effort to meet increased regulatory deposit requirements, not to help hedge funds. we don't answer to hedge funds. you may recall last month gamestop. >>shares soared 1600% and then sharply some democrats are calling for heightened regulation in the fall out a move opposed by most republicans. >>southern california gop congressman is facing scrutiny from his own party for voting to impeach donald trump representative david valadao from a san joaquin valley. he was one of 10 gop house members to vote to impeach the former president for his role in the capitol riot. the party has authored a resolution to censor valadao for that v

. >> on thursday, the house financial services committee hearing on the recent volatility in the stock price of gamestop, and decisions by some companies to restrict trading of the stock. witnesses include the robin hood ceo, citadel ceo, melvin capital management ceo, steve huffman, and financial analyst keith gill. watch live thursday beginning at noon eastern on c-span, online at c-span.org, or listen on the c-span radio app. >> today is presidents' day. here on c-span, we will take a look at the lives and accomplishments of former presidents. next, we take you to the place where ulysses s grant would write his memoirs before dying of cancer. >> when grant arrived at the overlook, and here he is, very ill, only a few days left before he passes away, and seeing this great beauty, this valley that once saw conflict and warfare, and where our nation was born, was now a peaceful valley where farmers were working. he must've taken some satisfaction in this,

chair, i'll reserve that and hopefully get an answer from the financial services committee or staff in the next several hours. i'll do it i can just also ask a little bit of a comment from my friend and fellow new yorker chairman maloney about the states and local governments -- i've heard it refer to a certificate of need that has to be filed prior to the disbursement of funds to states and counties and local governments. can you just describe a little bit or give me some perspective what would need to be concluded and demonstrates there is an impact on their budgets? >> you had to show that -- and it's going to be very easy for states and cities and counties to do, that it's had an impact on their budget. most of our states and cities and counties have huge budget gaps because of the moneys they had to expend. also the certificate of need was requested to have more flexibility, and all of the states, red and blue, are asking for more flexibility. >> and does this flexibility include so it'd not only be directed toward direct cost associated with dealing with the pandemic, but would i

. >>> next, members from the house financial services committee debating an increase in the minimum wageo $15 an hour, and providing covid-19 economic aid to those impacted by the pandemic. >>> i want to remind members of a few matters, including some required by the regulations which establish the

the house financial services committee will hold a hearing today on the gamestop short squeeze, that'seddit's co-founder and one of the short sellers. what can we gain out of this, as a member of the committee, what are you looking snore. >> for one, we need to look at this as a fact finding mission and not a motivation not to let any good crisis go to waste where dems might be trying to create more regulation, create more taxes. we need to fight for the little guy and get answers, if anything nefarious took place, that needs to come out of. let's be responsible adults inside the room. maria: congressman, thank you so much. congressman lee zeldin. we'll be right back. give me co. this is my granddaughter... she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. sfx: [sounds of everyday life events, seen and heard in reverse] ♪♪ ♪♪ ♪♪ ♪♪ sfx: [sounds of fedex planes and vehicles engines] ♪♪ sfx: [sounds of children laughing and running, life moving forward] tired of daily insuli

house financial services committee is investigating several issues with the game stop trading frenzy. among them did robin hood legally restrict training at the height of the frenzy for the benefit of its large wall street clients, especially the hedge funds and did investors on reddit use the social media platform to manipulate the market. here's what the ceo of robinhood have to say. >>robin that securities put the restrictions in place in an effort to meet increased regulatory deposit requirements, not to help hedge funds. we don't answer to hedge funds. >>last month gamestop shares soared 1600% and fell. some democrats are calling for regulation in the fallout. a move opposed by republicans. the new director of california's employment development department says the agency's doubling down on its efforts are increasing those efforts to stop unemployment fraud, while paying benefits to those 2 need them. the most the agency provided an update to those efforts so far one 0.5 million unemployment claims have been suspended due to fraud concerns out of those more than 1 million were di

jackie: welcome back investigating gamestop trading craze, the house financial services committee beganestop short squeeze maria spoke to home depot cofounder ken langone on that and the broader economy. >> certainly the dramatic rise of the price of the stock $400 a share got as high as and i don't understand it and i think a lot of people like myself understand it, i think it's a risky proposition because a lot of it is to unknown people are getting involved in something like this they're going to get burned they're going to get burned badly. we certainly need free market and we should have free market and we will have free market but there are a lot of people who lack the confidence to understand the risk they're taking in the only way they learn is when they get lost and it's too late. i'm looking right now on your screen and the stock is $46 a share i know if i was running gamestop right now i'd be making an offering to the public for as many shares to sell because the inherent value of this company and the reasonable value is probably about $15 a share where the soul started or ma

this bill includes several provisions led by myself and members of the financial services committee, including representatives vargas, presley, scott, cleborn, green. strongly support the committee's efforts to advance this bill to provide much-needed relief to medical personnel, struggling renters and homeowners and people experiencing homelessness, struggling small businesses and airline workers. nearly one in five renters are behind on paying their rent and collectively renters owe over $57 billion in unpaid rent, utilities and fees. the pandemic has worsened the housing insecurity as homeowners and renters struggle to stay afloat. many small businesses have closed their doors and many more are at risk of closure. and with limited travel, airline workers also remain at high risk of layoffs. the american rescue plan will support each of our communities with essential resources to revitalize the economy, depict the virus and help working families make ends meet. under my committee's jurisdiction, the bill would help medical personnel by providing 10 billion and the bill would help re

. >> on thursday, the house financial services committee hearing on the recent volatility in the stock price of gamestop and decisions by some companies to restrict trading of the stock. witnesses include the ceo of robin hood, the ceo of citadel, melvin capital management ceo, gabrielle plotkin and financial analyst keith gill. watch live thursday, beginning at noon eastern on c-span, online at c-span.org or listen on the c-span radio app. >> during a house judiciary subcommittee meeting, a number of legal experts talked about the president's clemency power and when it can be used under the constitution.