we'll talk with the head of the house financial services committee, patrick mchenry, and industry criticator elizabeth warren. former trump administration economic adviser gary cohn will be here and we'll talk to kara swisher and scott galloway about the stability of the sector as the head of tiktok prepares to testify before congress. >>> vladimir putin makes a bold trip to occupied ukraine following a tense week between the u.s. and russia, and ahead of a meeting with china's president xi. former trump national security adviser general h.r. mcmaster will join us for analysis. it's all just ahead on "face the nation." >>> good morning. welcome to "face the nation." >>> we had a sense of deja vu early saturday when former president trump hit send on a social media post saying he, quote, will be arrested on tuesday, protest, take our nation back. he's referring to the manhattan case focusing on the alleged hush money payments he made to porn star stormy daniels late in the 2016 campaign. that grand jury is still hearing testimony and will need to vote as to whether or not mr. trump should

>> federal reserve chair jerome powell it will be before the house financial services committee wednesday to scs the federal reserve's semi annual policy reportndhe state of the u.s. economy. you can tcthe hearing starting at 10:00 a.m. eastern on our free c-span now video at our online at c-span.org. ♪ >> c-span is your unfiltered view of government. we are funded by these television companies and more, including sparklight. >> the greatest town on earth is the place you call home. at parklet, it is our home too. and right now we are all facing our greatest challenge. that is why spark light is working around the clock to keep you connected. we are doing our part, so it is easier for you to do yours. >> sparklight supports c-span as a public servi along with his other television providers, giving you a front-row seat to democracy. >> on the senate floor, majority leader chuck schumer criticized fox news host tucker carlson for airing previously unseen video footage of the january 6 attack on the u.s. capitol. he also expressed disappointment in house speaker kevin mccarthy forgiven him a

joining me now is congressman byron donalds who sits on the house financial services committee. for being here. your thoughts on president trump about to be arrested on tuesday. >> i think this is one of the worst uses of the justice system we've ever seen. this kind of two-tier prosecution, this gotcha mentality with the criminal justice system is flat out wrong. and, maria, met me also say this: there has been in the past uses of the criminal justice the system in america that have been wrong. it's been about targeting, it's been wrong. two wrongs don't make a right. just going after your political adversary in president trump isn't going to pick you some till lahr of virtue. it's going to descend all of america into further chaos, not what we need at all. what alvin bragg is doing is wrong. he shouldn't be going after donald trump, period. maria: well, we've seen a lot of chaos over the last two years on joe biden's watch,9 and the administration keeps telling us that our banks are safe is. nobody believes them. look at this op-ed in the "wall street journal" this week. while

the white house says congress should not be let off the hook, needs to be taking more action. congressman, what are you going to do in the financial services committee the white house, the financial services committee and the house next week is having a hearing specifically on silicon valley bank. we're bringing in the fdic. we're bringing in the vice chair of the federal reserve to find out what happened here. we're interested in facts. we're not interested in hyperbole, not interested in hypotheticals. we want to know the actual answers and we're going to find them out next week and subsequent hearings. this is about making sure that what happened in silicon valley bank, what happened to signature bank ha doesn't happen to the rt of the system. i don't think it will. i think our regulatory framework is proper right now. i've spoke tone a lot of experts. they think the current amount of regulations are perfect. they think they work well. any additional capital requirements could actually hurt the banking sector and hurt individual borrowers by increasing costs and lessening the amount of money that is able to go out for lending. so right now we're

with the federal reserve chair how to say earlier this month testifying before the house financial services committee. i spice -- ask about challenges facing fir-time minority homebuyers. [video clip] >> i would like to follow up on questions from representative normand because have a concern about housing costs related to equity and negative impact on minority communities. i think you said in your paper activity in the housing sector continu to weaken, rgely reflecting higher mortgage rates. as she mentioned, the rates are higherot only impacting housing, but multifamily house a, and also becoming -- housing and also becoming more difficult for people in my district, 70% latino, touy their first home. the workforce entry-level housing as financing homes get harder and mortge rates rise the population of homebuyers are skewg towards older, wealthier and broader communities and in many cases it is our suburbs equityirms are buying out the housing. do you speak about the relationship between federal reserve interest rate hikes and housing equity and what needs to change here? >> we need to get inflatio

this time, it'll be the house financial services committee yesterday on capitol hill.op officials from the treasury, the fed and the fbi, c testified before the senate banking committee. is. this is a textbook case of bank mismanagement dairy. they were quite vulnerable to risk to shocks and they didn't take the actions necessary. let's bring in former chief innovation officer at the f d i c sultan. meggie. nice to see you. thank you for joining us again. hey thanks for having me. what's your biggest takeaway from yesterday's hearing. well, the biggest one was that over the course of two days over $140 billion was expected to leave silicon valley bank and that's what directly led to the closure. i think we all knew it was a lot of money. i don't think we realized it was quite that much. we also heard from officials there about how quickly it spread right you're talking about, you know, venture capitalists on social media, asking the companies that they were funding to move their money out. i mean, that was something we haven't seen in a bank run before. we haven't you

ed: federal regulators in front of the house financial services committee today to testify for the secondecent bank failures at svb and signature bank and standing with us on the latest is ram ceo --ramp ceo eric glyman. we had discussions with the ceo of mercury. your company, did it benefit from the days and weeks that followed be svb collapse -- the svb collapse? eric: our mandate and commitment to customers is to help them less -- spend less money and less time and we are happy to announce today that last year, ramp rule four times year-over-year and it is helping customers spend less. we automate 5.8 million hours of work and drive a better bottom line and we think events like last week and earlier this month with svb's failure and folks go out and look for solutions and look for partners like ramp. it is what we do day in and day out and helping customers and businesses have a better bottom line. ed: the root of my question is that not just diversifying banking but many startup founders and venture capitalist came to realize that they wanted to modernize how they conduct their finan

cheers and applause] ♪ >> federal reserve chair jerome powell it will be before the house financial services committee to scs the federal reserve's semi annual policy reportndhe state of the u.s. economy. you can tcthe hearing starting at 10:00 a.m. eastern on our free c-span now video at our online at c-span.org. ♪ >> c-span is your unfiltered view of government. we are funded by these television companies and more, including sparklight. >> the greatest town on earth is the place you call home. at parklet, it is our home too. and right now we are all facing our greatest challenge. that is why spark light is working around the clock to keep you connected. we are doing our part, so it

department the collapse of silicon valley bank and other bank players taken place before the house financial services committee accountability for the recent community banking, and risk management were among the topics discussed.

tomorrow, the fdic will face the house financial services committee as well. chairman there ahead of the janet yellen speech on this on thursday. hear from arkansas congressman french hill. we spoke with him a moment ago. coming up, tennessee senator bill haggerty on these hearings. true churs are moving this -- futures are moving this morning. the dow industrials down 1 point, nasdaq is up 2 points, s&p 500 down just a fraction. this after a mixed day yesterday on wall street. investors appearing less rattled by the banking sector stress. the dow industrials were up 195 yesterday, the nasdaq was down 55. european markets this morning look like this. the eurozone actually with a firmer tone earlier, the ft 100 higher by 3 points, cabbing cace up 9 points, dax higher by 22. markets fished mostly higher in asia, korea and hong kong had gains of 1% each. then there's this, a blockbuster story, why did the irs send an irs agent to the home of journalist matt taibbi on the very day he was testifying in front of congress on the twitter files. house judiciary committ

powell heading back to capitol hill for day two of testimony, this time before the house financial services committeeling senators yesterday the fed was caught off guard by some recent economic data and will need to act accordingly. >> the latest economic data has come in stronger than suggested, which would suggest the ultimate interest rates are likely to be higher than previously anticipated. if the totality were to indicate faster tightening is warranted, we would be prepared to increase the pace of rate hikes. >> and powell's comments catching many across wall street off guard. take a look at this. just yesterday before powell was on the hill, they were pitting the odds of a 50-point-basis rate hike. this morning the odds according to the fed watch tool, they're now surging more than 70%. others are quick to change their outlooks this morning. blackrock and schroeders increasing their rates the new target between 5.5% and 5.75%. joining me now, nick tear mohs with "the wall street journal. you're also an author. so we've got so much to talk about, nick. i think the first question, any expectatio

morning where federal reserve vice chairman fdic chairman will go under oath before house financial services committee after yesterday's senate rearing on regulatory regulators spops to collapses of silicon valley bank and signature bank. >> dow industrials 218, nasdaq up 109 s&p higher by 32, we are looking ahead to the final read of the fourth quarter gdp out tomorrow morning, we also get pce out friday morning the fed's favorite indicator on inflation. could be a market moving move next couple days ubs announcing bank is bringing back former group cec sergio he will moti, european markets, also rallying take a look, ft 100 up 63 cac quarante up 87 dax higher by 135 right now in germany asia overnight -- mostly green shanghai composite weak spot the best performer was hong kong, hng helping up almost 2% joining the conversation all morning long this morning bull's-eyepost manager adam john sop washington examiner kaylee mcghee white former chief economist joe lavorgna "mornings with maria" is live right now. >> have hi joe. >> morning, china not happy about potential meeting between taiwan's preside

. >>> josh gottheimer from new jersey, on the house financial services committee, thank you for joining former ambassador and republican presidential hopeful nikki haley tweeted that president biden is pretending this isn't a bailout. it is. the deall bank customers are on the hook. that's a public bailout. depositors should be paid by selling off silicon valley bank's assets, not by the public, unquote. does ambassador haley have a point? is this a bailout in the way? >> i disagree. this is about protecting depositors at banks across the country. of course, it's a systemic issue as the fed and treasury pointed out. if we let depositors feel across the country in small and medium-sized banks, small businesses, regular folks feel they can't trust the money they're putting in their local banks, the whole system will fail. frankly, jake, that's exactly what i'm worried about here. i heard this today, that people are pulling their money out because they're worried their deposits won't be there when they need to get them, need to make payroll, need to pay their bills. you can't have a system

the three will also be testifying in front of the house financial services committee tomorrow and the ranking member of that committee joins us now on a first on cnbc interview. california congresswoman maxine waters. congresswoman, welcome back to the show. it's good have you. >> thank you. delighted to be with you. >> my first question is, where is gary beckert? did you call on the ceo of svb? aren't there questions about why he he sold stock? >> i'm sure we'll have an opportunity to do that, but our first hearing is going to be with our regulators. we want to know what happened at the fed, did they pay attention? we want, of course, to have the treasury involved and fdic. first let me just say, the reason for getting them not only do they have the responsibility for the kind of oversight that, of course, could prevent these kind of collapses, but they did a fantastic job in a short period of time when they came together and they made the decisions within hours that they would insure the uninsured that they would make sure there wasn't a run on our small banks and that it would not

paul will speak before senate banking committee, on o capitol hill tomorrow he faces house financial services committee dow industrials up 8 servers await commentary s&p up 4 1/2 nasdaq hire by 24 1/2, interest rates on the move take a look at the 10-year treasury yield yield pulling back into that going into that commentary, yield on ten year down 1 1/2 basis points a level sitting at level of 3.947%, adp out tomorrow on jobs followed by february jobs' report on friday, the economic data of the week likely to set the tone for markets, yesterday, stocks extended last week's gains in fact, dow now up 5 of the will have a six trading sessions, said and done dow industrials up 40 points yesterday nasdaq lower, closed down 13 points s&p was higher by about 3 points, at 4:00 on wall street european markets like this take a look at eurozone ft 100 in london higher 23 points higher cac quarante flat up just about two-thirds of one point the dax higher by 5 points fractional moves in eurozone as well ahead of jay powell's speech. in asia overnight markets mixed, the chinese marketed the weak spot shanghai comp

the house financial services committee will be holding hearing this morning. erday for senate banking committee. what comes out of this, recommendations of steeper rules, what does that mean? >> why didn't the regulators go after silver g

maria: jay powell will continue two-day testimony, this morning in front of a house financial services committee so we will be zeroing in whether exactly what he said yesterday to the senate, interest rates are off and running 2 and 10 year right now 10-year has now turned negative down a fraction, sitting at 3.968% on yield look at two-year above 5% to the first time since june of 2007, this treasury yield yield most inverted since september 1981 suggests, a recession, on the way, earlier, in the program larry mcdonald told us expecting the stock market to crash within 60 days, we are waiting on jobs numbers this morning adp number out 12 minutes stay with us on this number could be a market mover the jolts report 10:00 a.m. earn big kahuna of all february jobs' report out friday all-hands-on-deck for that report, european markets, look like this, on a day that we are waiting for fed chief jay powell to continue that testimony, the ft 100 down 6 cac quarante down 9, dax higher by 35. asian markets most red overnight across the board with the exception of japan, nikkei average up a fraction look

. >>> tomorrow jerome powell will appear in front of the house financial services committee to continue the conversation. >>> all right, let's look at the markets and how they are reacting. we see the dow jones is down just a little more than 400 points. >>> still to come, thousands of metalworkers are working there last week and we look at the upcoming layoffs. >>> a lifeline for many restaurants but >>> let's take a look at the money watch report. meta-geared up to cut thousands of jobs and the newest round of layoffs will add to the 13% of metalworkers let go last november. ceo mark zuckerberg deemed 2023 as a year of efficiency and letting staff go as a last resort. he is removing team members and layers of middle management to expand the metaverse. >>> walgreens will not distribute abortion pills and some states where republican officials have threatened legal action even though abortion is legal there. coming up we hear from both sides of the issue from peop. >>> the pandemic has changed our lifestyle and eating outside has been a part of that in a big part of this bay area dining

. ♪ clarksville reserve general jerome powell will beefore the house financial services committee wednesdaydiscuss the federal reserve's semi annu picy report on the state of the u.s. economy. you can watch the hearing starting at 10:00 a.m. eastern on a free c-span now video app or online at c-span.org. ♪ c-span is a free mobile app featuring your unfiltered view of what is happening in washington live and on-demand to keep up with the day's biggest events with live streams of floor proceedings and hearings from u.s. congress, white house events, the courts, campaigns and more from the world of politics all at your fingertips. you can also stay current latest episodes of "washington journal" and find scheduling information for c-span tv network and c-span radio. plus a variety of compelling podcast. c-span now is available in the apple store and google play. downloaded for free today. c-span now your front row seat to washington anytime,

the house financial services committee plans to interview the head of the fdic and a member of the feds' board of governors. >> we need to get to the bottom of whether or not this was a supervisory problem, a regulatory problem, and a bank mismanagement problem. perhaps all three in all frankness. >> and bay area lawmakers among eight california congress members, calling on the sec to dig deeper into the origin of the silicon bank implosion. >>> urging regular investigations on whether short selling or other activities related to the banking market manipulation or other illegal activity. >>> on capitol hill, other lawmakers are discussing on whether to raise the $250,000 fdic insurance cap if another bank were to fail. the question though is by how much? >> is it $2 million? is it $5 million? is it $10 million? small businesses need to be able to count on getting their money to make payroll, to pay the utility bills. >> the uncertainty is complicating the decision that they will raise interest rates to cool inflation. >>> president biden has signed a bipartisan bill to declassify inform

she's the highest ranking democrat on the house, financial services committee. friend of russia. congressman, good to see this but. >> delighted to be with you, this morning. >> let's talk about -- there's a whole bunch of things to talk about, but first of all, thanks. there are still americans who are worried, maybe not legitimately, so but they're worried about their money in the bank and whether the bank's going to fail. and playing run is just psychological, it may have nothing to do with. fact do you think your bank's going to fail, your take your money out. one of the things that has to be on your mind, to pretend, california's not to stop that from happening again. >> well, let me just say this. i think the american people should take a look at what happened a couple of weeks ago in silicon valley and understand that there was a potential for bank bombs on regional banks all of this country. however, your government did something good. the feds got together, the treasure got together, fdic, they all got together, and they worked over basically a 38-hour

. >> powell will address the house financial services committee on wednesday. now powell's pessimism caused a sharp dip. the dow the hardest hit falling about 1.72%. >> you may not know this but oakland is named after the oak trees. a tree planting celebration in oakland. the mayor's deputy announced march 7 would be arbor day in oakland. cal fire awarded grant winners $50,000 to fund community tree planting projects. they talked how vital it is to the entire planet. >> responsible to celebrate arbor day. arbor day is not like any other holidays. all other holidays celebrate the past. arbor day is for the future. >> what you're thinking arbor day is celebrated next month nationwide. veterans have found a new home. we told but a group of veterans from vietnam suddenly told they could no longer hold their bi-weekly meetings at a south bay diner. they've been using it for years. another restaurant has opened its doors to those veterans. damian trujillo was at their first gathering at their new home. >> reporter: the veterans are back at it today telling war storie

he will be in front of the house financial services committee this morning.hat rates may have to go higher to rein in inflation. watch this. >> the latest economic data have come in stronger than expected. if a totality of the data were to indicate that faster tightening is wanted we would be prepared to increase the rate of rate hikes. maria: joining us now, larry mcdonald. thank you for being here. i want to get your take on jay powell yesterday. what did you make of the speech? >> well, it's kind of like he's over-cooking the goose. they're playing catchup and while they were doing quantitative easing in 2021, inflation started to rage. now they're trying to catch up. our 21 lehman systemic risk indicators that look at equity and credit point to one of the highest probabilities of a crash in the stock market looking out 60 days. maria: wow. 60 days you're saying you're going to see -- we're going to see a crash in the stock market within 60 days? >> yes. because the withdrawal of capital from the middle class families is so spectacular, for every 1% increa

. >> reporter: and tonight the house financial services committee has announced it will hold its first hearing into the failures of both silicon valley and signature bank later this month, lester. >> kristen welker at the white house, thank you. >>> in france tonight more violent protests erupting after french president emmanuel macron pushed through a highly unpopular change to the nation's retirement age molly hunter is there. >> reporter: across paris tonight, protests against french president emmanuel macron, hours after two no confidence motions were filed against his government. protesters gathered at the place de la concorde starting a massive bonfire, clashing with police in the square. on thursday, the reaction was swift after president macron and his prime minister forced the unpopular pension reform bill through parliament without a vote the bill raises the retirement age from 62 to 64 years old, and macron argues it's essential to prevent the pension system from running out of money. >> we showed that. it's the only solution we have. >> reporter: in recent weeks eight natio

he's going to start with the senate banking committee tomorrow, and then the house financial services committee is going to be wednesday. we are also going to get the akp monthly read on private payroll growth. that comes out wednesday at 8:15 a.m. eastern time. of course, initial claims and then friday we're going to get the report, the february jobs report. right now estimates are looking for a gain of 200,000 non-farm jobs. there are questions about a possible revision of january's blockbuster number. so there's a lot that's going to be breaking this week. now, on the earnings front, dick's sporting goods and crowdstrike are both reporting tomorrow. jpmorgan raising the cybersecurity company's price target to 137. crowdstrike is hitting just under 128 per share right now. we're going to get campbell's soup on wednesday, that's a big inflation read, if you will, the consumer read. ulta beauty, bj's wholesale, docusign, gap. gap's going to be an interesting one to watch, they've had some store issues. all those come out on thursday. the week is going to close out with the retail company the bu

she is the ranking member of the house financial services committee for it congresswoman things are much for your timely appreciated. >> thank you. >> thank you pretty needs and propose legislation in florida gun understood discreetly. without precautions will talk to one father who losses out of the park when shooting about his efforts to stop that measure. plus we'll talk to retired army colonel who may familiar he's helping to uncover war crimes in ukraine. were coming up on that next. when it comes to reducing sugar in your family's diet, the more choices, the better. that's why america's beverage companies are working together to deliver more great sting options with ls sugar or no sugar at all. inact, today, nearly 60% of beverages sold contain zero sugar. different sizes? check. clear calorie labels? just check. with so many options, it's easier than ever to find the balance that's right for you. more choices. less sugar. balanceus.org i'm lindsey vonn, and ever since i retired from skiing, i've had trouble falling asleep and staying asleep— you know, insomnia. before i found quvi

front and center topic as federal regulators are being called to testify before the house financial services committee they want a review of what happened at silicon valley bank and signature bank earlier this month as they look to prevent it from happening again. federal reserve chair jerome powell last week called the financial sector sound and resilient. >>> $20 billion, that is how much twitter ceo elon musk values the company at today. that is quite a drop from the $44 billion he paid to buy the network in october. the number was in an email he sent to employees while also announcing a new stock compensation program for them. musk also said recent mass layoffs were necessary to avoid bankruptcy. >>> is blockbuster about to have a blockbuster moment? there's a message when you visit the company's website that simply says "we are working on rewinding your movie." the company ceased most of its operations in 2014, but the cryptic message has a lot of people wondering what's really cooking. there is one last remaining blockbuster location in bend, oregon. >>> that is your cbs "money watch" report for

there was a hearing the other day in front of the house financial services committee by the chief restructuring officer for f t. x. was the witness at that hearing. and he just said it was plain old embezzlement, good old fashion, embezzlement. and that's really what it was. you know, the structure is, i think not so important. what is important is the fact that the entity within which depositors customers investors were putting their money was entirely ok. there was no production of documentation. there was no updated financial statement sent out. there was no audit. and. ready so therefore, there was nothing that the customers or the investors or the depositors could go on except for the word of san banks and free. and so, you know, like a snowball. there were a lot of prominent folks and institutions back this. and so therefore, on the basis of the prominence of those at these institutions, lots of other folks followed in i hear what you're saying. here's, here's what i think happens in cases like this with, with, with bank been freed. it seems to me and, and most of the people who are much

it comes to the silicon valley bank and the collapse, the congressman, chair of the house financial services committeeat it was the first twitter fueled bank run. can you explain to me how that it was fueled by posts on social media spreading concern and fear? >> so that was one factor but the reality is to be fair, this was a combination of a historic increase in interest rates which took investments, the value of investments that they were holding way down. this was confrontation of risks. we are not just a small number, of companies, but we had influence over the portfolio companies who told them to get out and created massive concentration risks. also to be fair, to your point, there were a group of individuals that i would argue were not venture capitalists, but venture catastrophes. in an attention economy get some sort of currency or satisfaction of going on twitter and saying in all caps, verbatim, chaos will ensue. you should be terrified. on monday morning there are mines around the banks of thousands of people, some will get their money out, most will not. that is not helpful. >> venture ca

guest: just over this weekend the house financial services committee had said they were going to schedule a meeting or a hearing that would investigate the collapse of silicon valley. and try and get to the root of the issue and how it happened. host: to hattie in franklin, louisiana. line for democrats. good morning. caller: good morning morning. i wanted to know, some years back when donald trump met with vladimir putin in our country, he had a private meeting with no secretary, nobody writing, taking no minutes, nobody came out and said on the republican side or the democrat side to say what went on in there with him having vladimir putin. host: what is your question, hattie? caller: why are they throwing everything on biden. he is in the office now. it doesn't make sense to blame whatever is happening. it would happen to all of us. if we all going to get destroyed, we all going to get destroyed. i want to know why haven't they, everything is coming up way back . why hasn't anyone said, why did a president of the united states had a meeting? host: got your point, hattie. more on the in

the house financial services committee is set to hold its first of several hearings on this on march 29th, kate >> all right allie raffa for us, thank you. >>> now to breaking news from miami beach one of the nation's top spring break spots. a curfew goes into effect hours from now after a state of emergency was declared the crackdown follows a weekend that got out of control and even turned deadly. guad venegas is there and a warning that some of the images are disturbing. >> reporter: chaos erupting on the streets of south beach this weekend spring break interrupted by two deadly shootings the first one on friday night gunfire ringing out as restaurants were packed with customers. the crowd scrambling ducking for cover, the shooting leaving one dead and another in critical condition. >> we are just out here to have a good time and it shouldn't be like this can't be dodging bullets. that's crazy >> they just killed somebody. >> reporter: then again on sunday. >> they're giving that boy cpr. >> reporter: another shooting at 3:30 this morning on the famous ocean drive, killing one and

the pace of rate hikes. >> he'll be back for another day of round 2 in front of the house financial services committees now is patrick mchenry, chairman of the financial services committee what did you make from yesterday's testimony? he giveth, he taketh away. maybe it will be a different message. maybe he'll be the good cop today, congressman, or do you think what he said yesterday was needed medicine for the markets? >> i think it's needed medicine. the main thing is the main thing to the fed they have to tackle inflation and return to price stability. look at the cost of food for the average american family. look at the cost of goods that every american family uses dramatically up. inflation and inflationary policies have a massive negative economic impact and we have to address that, and the fed has to be laser focused on its job number one, which is price developing. >> it reminds me of trying to figure out where the covid -- where the coronavirus came from. a lot of people said we don't need to know why do we keep looking in the pachlt i can't help it with inflation either i'm going to ask you

deposit insurance corporation and the treasury department are said to appear before the house financial services committee hearing is expected to be the first of several that will take a close look at the recent collapse of silicon valley bank and signature bank lawmakers say they want to review what happened and come up with more stringent regulations to prevent a repeat. all right. we've got some rain coming, but not tomorrow tomorrow night, but tomorrow looks like a pretty nice day. dr. morning commute dry afternoon commute unless you're in the far far north bay with calm conditions and winds dying down. we've got a frost advisory yet again tonight, so that's kind of been our m o really? for the last few days, we've had frost advisories each morning and that's how it goes again tomorrow morning, but it'll be the last one for a while. these are the highest from today. highs tomorrow will be pretty similar, pretty similar, probably upper fifties , some couple of low sixties live camera shot outside. no fog at the coast. few high clouds overhead. and rain on the way. certainly there's the system up there

the questioning may be different this is the house financial services committee, obviously the house is run by republicans now, will have more republican lawmakers asking the questions then you did in the senate banking committee, they will largely be asking the same kinds of things, i am sure we will continue to hear criticism of federal officials and why they did not stop this is, why the did not notice it sooner. also we are likely to hear some things about esg, and they are concerned that banks are paying attention to things like environment, maybe they were missing the boat on paying attention to baking standards and practices. i am sure we what you're more of that tomorrow from some lawmakers than we did today in the senate. >> bloomberg's political news director with the latest, let's get to vonnie quinn. >> the head of south korea's financial watchdog says the slumping property department may lead to controls on financing loans. they told bloomberg exclusively that authorities have assessed some 5000 projects relying on the loans and they are ready to act swiftly. measures hav

the house financial services committee on tuesday advanced no fewer than 7 bills, either opposing china or supporting ty, one. this recent spate of antique china actions from washington comes at a time of escalating tensions that now are even less likely to ease hydro castro al jazeera washington. be raining, government says is investigating the poisoning of at least $650.00 school girls by toxic gas local media. say the attacks have been occurring since november and have been reported over 30 schools or none of the girls have died. but many have suffered from respiratory problems. a government official says the attacks are believe to be a deliberate attempt to force the closure of girls schools. every year the grow well and barks on one of the longest migrations of any mammal. the 16000 kilometer round trip, sees the wells head to the arctic to feed and then back down to the lagoons of northern mexico to breed. but the numbers have been dropping, and in 2016 there were 27000 gray whales. but last year research has counted nearly $10000.00 fewer, a decrease of about 40 percent. john hal

is calling for reversal of the rollback of regulation over midsize bank, your on the house financial services committee. does this make sense to you because the flipside of the coin that they're not mentioning is the fact that they spent over $6 trillion in the course of two years that sent interest rates skyrocketing. >> first of all your lying again we had congressional testimony from vice chair at the federal reserve who is the head of a supervisory. even his own testimony said the bill under president trump did not take any authority away from the federal reserve and the san francisco federal reserve bank to oversee silicon valley bank or any other bank under their supervision so the white house and the treasury secretary are lying to the american people yet again, let's be very clear we have an issue with supervisory in my opinion over the banking system. at the end of the day the failure of silicon valley bank was on the banks management they did not have a risk officer in place they did not make sure they paid attention to the interest rate risk on their balance sheet with so much of the inflati

the house financial services committee on tuesday advanced, no fewer than 7 bills, either opposing china or supporting tie one. this recent spate of antique china action from washington comes at a time of escalating tensions that now are even less likely to ease heidi jo, castro, al jazeera washington, a cargo in person to try and have collided in essential grief, killing at least 26 people emergency teams around the scene just outside the city of the risk. searching for passengers, he may still be trapped in the wreckage. local media is reporting the accident happened to the interest of tempe tunnel. several caused the rails in some court from the, in the affairs of a color outbreak in syria, even as it struggles to recover from the aftermath of the massive earthquakes that struck more than 3 weeks ago. un humanitarian chiefs as a situation on the ground is dire, and more international aid is needed. growing demand, and scarcity, therefore, of critical items. tents being the obvious example, rising prices, australian supply chains, into the, into the region. to beginning to fly and supp

the house financial services committee is set to hold its first of multiple hearings about this on march 29th >> thank you >>> violence has shut down a spring break hot spot. the city of miami beach issuing a state of emergency and a curfew after a weekend of deadly shootings. two people were killed in two separate incidents the mayor says offer the last three weeks the city has impounded more than 70 firearms. a curfew went into effect overnight at midnight and lifts at 6:00 a.m. but city officials are expected to meet again today to decide if the same rules should be in place next weekend. >>> the u.s. is offering support to ecuador in the wake of a deadly earthquake that killed at least 14 people there and one other in perÚ secretary of homeland security alejandro mayorkas has america offered sympathy for the loss its and ensure the u.s. stands with ecuador as they recover the magnitude 6.8 quake rocked ecuador saturday afternoon they reported hundreds of damaged buildings including homes, schools and hospitals along with power outages for some in the affected areas. >>> to a case two

the house financial services committee is set to hold its first of multiple hearing about this on march 29th >> thank you >>> today is an important day for the president of france. emmanuel macron faces a vote of no confidence in the national assembly over a law his government ran through last week it increases the age of retirement in chance from 62 to 64 the legislation is deeply unpopular, and macron had to bypass parliament to enact it. while his premiership is expected to survive the vote, pressure is likely to continue today's political showdown comes on the heels of several days of street protests. >>>. >>> a state of emergency forced a top spring break city to shut down early a curfew went into effect at midnight from miami beach. the crackdown follows a weekend of deadly violence our guad venegas is there. but first, a warning some of these images are disturbing >> reporter: chaos erupting on the streets of south beach spring break interrupted by two deadly shootings the first one on friday night. gunfire ringing out as restaurants were packed with customers. the crowd scrambli

today in front of the house financial services committee.'s coming up a little bit later. >> keeping you up-to-date with news from around the world with first word, i'm lisa mateo in less than five weeks federal reserve chair jerome powell has changes 10 on february 1 he said the distillation area process had begun but on tuesday he told the senate committee the ultimate level of interest rates is likely to be higher than anticipated. he's ready for faster monetary tightening if economic data justifies it. in germany the chancellor may give companies tax relief on investment spending hunt is looking for measures to boost economic growth. he's under pressure to act because the tax break expires on april 1. ukraine says the proposal to buy ammunition isn't enough the country's defense minister says ukrainian forces made about four times as much the eu's defense ministers has given their cautious backing to sending ammunition to ukraine from existing stock. the white house has endorsed a bill that could give the president the authority to ban o

haidi: jay powell speaking before the house financial services committee.ooking to soften a little bit in terms of his positioning when it comes to this being data-dependent and they are not on a preset path. join him is ahead of fx research. let's recap in terms of how the markets are repricing at the moment when it comes to fed expectations, boe and ecb expectations. at the moment, we are looking at for the fed about two thirds chance or 67% possibility the fed hikes by 50 basis points. boe is sitting at virtually zero for 50 basis points and almost 100% probability that the ecb will go 50 as well. do you think that investors at this point have adequately internalized the assumption and is that being reflected in the fx space? guest: it's interesting that the fed boe and ecb, they have all repriced their terminal rate significantly higher. it then yields have shut up for all of these currencies but having seen that equivalent effect into the euro, the sterling? no. the economy is focusing on the u.s. data, the u.s. dollar and it's a one-sided sort of -- l