we saw the first round of hearings that share brown and chair mchenry hosted, that we looked at whatappened that weekend. as they resolve those institutions and they took the steps to help stabilize the banking sector, that was kind of the first round of hearings. next round of hearings will focus on actual management of the banks themselves, so those questions will be posed. then i think we will have a firmer sense of what happens. it is understandable that people want to do that. host:host: let's talk about the bank itself, it is the first thing that you talk about, three things that were happening. were the lawsuits related to venture capitalist money? guest: this is their bond portfolio. basically, interest rates have been a growing for a long time and as the fed announced that they would be going up, the banks would hedge those interest rate risk. i also have what is very traditionally called -- risk. that is another issue as well. and those help create come along with social media and other factors, this bank run that occurred about a month or so ago. host: a diversified deposi

keith mchenry, for chatting with us on the subject. i'd say you're one of the few people who are actually willing to go on the record and talk about it. i appreciate you. thank you so much for having me and such an honor to be on your program. i spoke sided to, to be invited. any take care. bye bye. everyone. sat in the break. we're going to talk about the ethics involved with this push for euthanasia. policies around the globe will be right back with more, a ah ah little more in ukraine is a proxy or it's a war against russia. it's a war where the expectation was that russia would collapse under the sheer weight of thousands of sanctions. not only from the u. s, but from the e u, and there was the expectation that the whole world would join in. and that the u. s . lost sight of their slipping power. and really the great majority of the population of the world did not go with oh, welcome back, i'm sorry now he's and you were watching 360 view. we've been talking about physician assisted suicide or euthanasia, practices across the globe

keith mchenry, for chatting with us on the subject. i'd say you're one of the few people who are actually willing to go on the record and talk about it. i appreciate you. thank you so much for having me and such an honor to be on your program so excited to, to be invited and take care. bye bye everyone. so after the break, we're going to talk about the ethics involved with this push for euthanasia. policies around the globe will be right back. ah huh. ah ah, well oh oh oh, oh, i ah with it. oh, well, come back, i'm sky now. hughes and you were watching 360 view. we've been talking about physician assisted suicide or euthanasia, practices across the globe. joining me now to share his horrifying story about a euthanasia program in canada called made or medical assistance and die which even offer to pay his family if he chose have medically assisted suicide instead of surgery. is brett by ky schmidt. bucky, thank you so much for joining me. extra. you know you have a disease called narrow a fibro. my toes is type 2 or an f 2, which for ou

keith mchenry, for chatting with us on the subject. i'd say you're one of the few people who are actually willing to go on the record and talk about it. i appreciate you. thank you so much for having me and such an honor to be on your program so excited to, to be invited and take care. bye bye everyone. so after the break, we're going to talk about the ethics involved with this push for euthanasia. policies around the globe will be right back with more for operation, the aerodynamics began shortly after world war 2 and lasted almost 3 decades. it wasn't a major effort to try and split the ukraine off from the soviet union, us intelligence together with hypnos, executioners trained hundreds of saboteurs to be deployed in the soviet union restore christ was another use of my little. so we'll have started with georgia store, which was you, and so she is more than yes. today, security service of ukraine use is not only the statistic methods, but almost the ideology of the nationalist a hello, welcome back. i'm sky now. hughes and you were

back, fcc chairman gary gensler on capitol hill we will have a preview of the hearing with patrick mchenryn't miss the interview with johnson & johnson cfo joseph wolk. >>> as we head to break, let's look at yesterday's s&p 500 winners and losers >> announcer: executive edge is sponsored by at&t business at&t 5g is fast, reliable and secure oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. ♪ ♪ do the work, before the work. bodyarmor lyte. more than a sports drink. >>> good morning wellcome back to "squawk box" here look at futures. the dow futures are up by 103 points the s&p futures up 16. nasdaq up 87. >>> the financial services committee will grill gary gensler for documents filed by former ceo sam bankman-f

i want to continue to follow up on chair mchenry's questioning. i will attempt to be more successful. in november 2020 when the working group on financial markets released its report on stable coins that recommended that congress enact legislation to establish a federal framework for stable coins. do you remember that report? >> i do, sir. >> is a member of the president's working group? >> we are, sir. >> and do you believe, did you support that recommendation of the president's working group? >> i did. >> and do you think that congress has been active on this topic? >> as best i know, congress is engaged with of the administration throughout the two years, so. >> you would call that active? >> we are looking for that framework and you support us in the framework for the stable coin, payment stable coin. >> if i could say on the stable coins, i think it's important to ensure that there's a safe and sound mess there and that if this committee and congress were to address this through the legislation to ensure that we don't undermine the hundred tr

tom mchenry who was behind the statue was vocal in support that the history during fallon's tim. he spoke at a meeting in 2021. >> oppression and mistakes, all of those happened under each flag and they deserve to be excoriated. they have been. reporter: after years of protest, vandalism, and debate, city leaders voted unanimously to revoke -- remove this culture two years ago. >> the statue represents a time in our history that was brutal for us native americans. the mexican communities that were living here. reporter: as far as next steps, the city says there is no current funding to replace it with another public artwork. the current plans are to restore it as a traffic median. >> there should be a statue that represents all of us. reporter: the city says the statue will be removeddoved int. the cof tnsn estimate at $450 lauren martinez, abc seven news. dan: new developments with the antioch police racist text message scandal as city council held a special session about it this evening. sky seven was over a rally this afternoon. dozens of people took part before marching, dema

never mind what representative mchenry had to say about that. thank you so much.eep us posted on all of this, okay? newly released data from u. s. border officials show a jump in border crossings last month. what this signals as officials prepare for the expiration of title 42. we're going to speak to one of the people involved in the recent settlement with the city of minneapolis, the settlement over unreasonable use of force used by former officer derek chauvin. years before he was convicted of murdering george floyd. we'll be right back. h hey hey, hey, get away 1 10. years ago, i invented the ring video doorbelll for momentnts like that and ring security cameras for moments like this video. protect your home away. i do learn more at ring dot com. brought in insure max protein with 30 g of protein . those who tried me felt more energy and just two weeks here, i'll take that. max protein with 30 g of protein, one g of sugar and nutrients for immune help. introducing pro allergies, steroid free allergy relief that starts working in 30 minutes. other allergy spray

mchenry for one minute. i want to thank the chair and the ranking member and thank members of the committee for workening a bipartisan way to work on the work that then chairman waters and then i, worked on reform in a balanced way and we reported that without a dissenting vote and dealt with a lot of large challenging issues there and we seek to work in a bipartisan way and we thank the administrator for being here and his leadership and his team's leadership to take into account the changing climate and make sure that we take care of those in our society that are challenged to pay these bills. we make sure that we have a program that's current with the risks and balance to the american people and i want to thank the subcommittee for dealing with this. and for a point of privy want to recognize long time staffing member, ed scala, and for the first time, his mother is here. [laughter]. [applause] >> and so -- so beatrice, bonnie, ed's sister and niece alexa, thank you for being here. thank you for keeping t

mchenry for one minute. i want to thank the chair and the ranking member and thank members of the committee for workening a bipartisan way to work on the work that then chairman waters and then i, worked on reform in a balanced way and we reported that without a dissenting vote and dealt with a lot of large challenging issues there and we seek to work in a bipartisan way and we thank the administrator for being here and his leadership and his team's leadership to take into account the changing climate and make sure that we take care of those in our society that are challenged to pay these bills. we make sure that we have a program that's current with the risks and balance to the american people and i want to thank the subcommittee for dealing with this. and for a point of privy want to recognize long time staffing member, ed scala, and for the first time, his mother is here. [laughter]. [applause] >> and so -- so beatrice, bonnie, ed's sister and niece alexa, thank you for being here. thank you for keeping t

tom mchenry who was behind the statue was vocal in support that the history during fallon's time is important. he spoke at a meeting in 2021. >> oppression and mistakes, all of those happened under each flag and they deserve to be excoriated. they have been. reporter: after years of protest, vandalism, and debate, city leaders voted unanimously to revoke -- remove this culture two years ago. >> the statue represents a time in our history that was brutal for us native americans. the mexican communities that were living here. reporter: as far as next steps, the city says there is no current funding to replace it with another public artwork. the current plans are to restore it as a traffic median. >> therehoulbe a stu tt y ys stat wl emedand moved into stor. the cost of the installation is estimatedlauren martinez, abc s. dan: new developments with the antioch police racist text message scandal as city council held a special session about it this evening. sky seven was over a rally this afternoon. dozens of people took part before marching, demanding change. we were inside city hall as the meeti

but, you know, people don't tend to remember mchenry very well. no matter. sure. you put in vp slot, but you know, for looking at vice president harris, you know, they're actually a number of different similarities between her in terms of a sense of being a more moderate democrats and other options that are out there as well as a pretty similar pulling to buttons dated mortality rates for men of bindings age are almost 5 times higher than 55 to 64 year olds. i know laura was was uncomfortable with the way that i by phrased the last question about bio and somehow being incapacitated but give him that the odds of him serving a full 2nd turn on not in his faith. and i mean, we have to be open and honest here is come, harris the right person to be on the ticket for 2024. i definitely, i think president biden, or actually a candidate bite. and when he made the selection for sen, carmella harris to be his running, made back in 2020 i. e. he's, he's all in. he supports all the work that she's done. the vin, some ups and downs. definitely. there's been some personnel issu

i talked to chair mchenry and chair brown.h did a series of hearings already with the regulators in the next set will be with the management team from svb. host: will they testify? guest: i believe they will. host: they will not plead the fifth? guest: they will be called to testify but i do know how they will plead. host: will there be lawsuits against them? guest: i imagine there may be. host: john is next, republican, thank you. caller: i'm calling in online. i think this gentleman is disingenuous. the american bankers association advocated for changes in 2018 that happened after the trump administration. under that legislation, they moved the 50 alien dollars -- 50 billion dollars which was a base for dodd frank to be applied to $250 billion. that increase made a big difference. if that had been 50 billion, there would have been more dodd frank applied. the point i want to make his since the banks collapse, they affect everyone. the fbi see rates will go up now and we who use local banks here are going to end up getting le

live now tojon mchenry, a republican pollster. he's in virginia.singly negative for an announcement campaign for a re—election campaign. to think this was the same sort of campaign you would run if you were the challenger, and presenting a dystopian america. and that he still has work to do seems a strange note to start the campaign with. the economy. _ to start the campaign with. the economy, compared to many places, things are picking up in the united states, he boasts of the infrastructure bill, a list of achievements in office, let alope lone what richard was talking about, the way he has brought together the international community and restored relations, compared to wh went before. they are major achievements that will play? the before. they are ma'or achievements that will pray?— before. they are ma'or achievements that win pray?— that will play? the “my is still out on the t that will play? the jury is still out on the economy. - that will play? the jury is still out on the economy. there i that will play? the jury is still out on the econo

evil, patrick mchenry or gary gensler? the turf war, i will not do it, there is a turf war. scenes between the cftc and the sec. there is a battle royale turf war going on between both of age is. commodities future trading association, traditionally regulated crypto, they thought they did, sec is encroaching on the turf, gary gensler, sec chair, some extent jay clayton, his predecessor during the trump years taken a more expansive view on what is security. the cryptos are unregistered with the sec they're securities and in fact illegal. this is playing outlined the scenes. i will say this, talk to the cftc, ba h what they're saying any long time legacy crypto should be contract not a security. would include ripple. >> xrp. >> i will get killed by the ripple people. xrp. liz: different platform. >> but they created xrp. xrp, ether, bitcoin, most of the long-term legacy cryptos are not cord securities according to the cftc against letter gensler takes the on have it h sit view. in the testimony he didn't talk about ether. it should be settled law. the up shot, watch the ripple

like patrick mchenry was talking about. to focus on key areas. can they find -- can to get something done in a fraught political environment? in an environment where we going to an election-year? i tend to think no, nothing is getting done in d.c. these days, but a continuing crisis could change that calculation. >> the banks are failing quickly but the actual action in congress is incredibly slowly, we have seen none. the fdic did not announce yet that the bank is in receivership. at some point does this help what biden has been saying, that republicans, it was bipartisan and 2018, that there should be stricter regulation? will this be his big message for 2024? that republicans are at fault here? >> if this plays out in that direction i think that could give him some the talk about, something the point to and it will give democrats in congress something to point to. again it will depend on where the economy ends up towards the end of the year as we head into 2024. if this is an indication of a problem of the regulations coming need tighter regul

here's the financial services committee chairman patrick mchenry during tuesday's hearing had that youow, to make an assessment under the law as exist, is ethera commodity or security. >> without speaking to any one. >> you've spoken to one, bitcoin. maria: tiana, your thoughts? jump in here? >> so we did not necessarily see bitcoin respond as we would expect during that inflation hike of 2021, 2022. but it's clear that a lot of these regulators are scared of crypto because it is a hedge against instability as we saw with the collapse, bitcoin i skyrocketed. if the fed is able to raise rates without introducing the central bank digital currency, do you think that bitcoin will maintain that rally or will it begin to fall again because investors have more trust in the u.s. dollar's value? >?maria: brock. >> so one thing i thinks that's worth noting here is that what we saw there is something that made it look like the republicans are effectively in favor of cryptocurrency and the democrats are not. as someone had that walks capitol hill and walking the halls of congress on a somewhat reg

. >> the chair of the house financial services committee congressman mchenry called the fed's reportelf-serving justification of democrats' long held priorities. doesn't look like congress is doing anything to change regulation or laws related to banking. there was an fdic report on the collapse of signature bank which blamed bad management but also said regulators just didn't have enough staff in new york. i mean, there's some pretty damaging bits of information in here. if you put aside the politics, the regulators don't enough staff? they didn't act? who are they being held accountable by, unless it's chair powell? >> well, it is chair powell and i think when the chairma goes to congress -- he testifies in front of the house and senate a couple times a year -- historically all the questions have been on monetary policy. we will start seeing a lot more quest on the regulatory policy. are they keeping up to what they these to do? do they have proper staff? are there issues going by that are not being covered. this is a huge finding, a bit of a seismic moment because we believe in th

former san jose mayor tom mchenry echoed a similar thought in 2021 when discussing the statue that heas instrumental in putting up in the city sins and oppression and mistakes. all of those happened under each flag and they deserve to be excoriated and they have been muhammad lonnie tribe chairwoman. charlene supports the $450,000 removal of the statue, but does not want to erase the history. she hopes the statue will be eventually moved to a museum because both sides of the story need to be represented for everyone to learn and grow. it's a time for healing now, right? to acknowledge the past, acknowledge the truths and the genocides that have happened here in california and around the world. because how are we going to start healing if we don't acknowledge the past atrocities and says today was that first step in san jose. dustin dorsey, abc seven news. legendary singer, actor and activist harry belafonte has passed away. he died from congestive heart failure. belafonte became a major star in the 1950s. his album, calypso sold more than a million copies, and that success catapulted

former san jose mayor tom mchenry echoed a similar thought in 2021 when discussing the statue that he was instrumental in putting up in the city sins and oppression and mistakes. all of those happened under each flag and they deserve to be excoriated. and they have been. lonnie tribe chairwoman charlene supports the 450,000 removal of the statue, but does not want to erase the history. she hopes the statue will be eventually moved to a museum because both sides of the story needs to be represented for everyone to learn and grow. it's a time for healing now, right? to acknowledge the past, acknowledge the truths and the genocides that have happened here in california and around the world. because how are we going to start healing if we don't acknowledge the past atrocities andat firstew all righ let's turn now to the weather going to get hot at least in parts of the bay area. spencer christian is here now with a first look at the forecast. oh, so nice out there. yes very nice. right now it's going to get even nicer, if you like, a warming trend. and that's what we have for you. check o

but financial services chair mchenry questioned whether he viewed ethereum as a commodity >> do you thinkty and then a security i think no should be a simple answer for you here. that uncertainty is bad, is it not? >> and i think that congress has said that there's one agency, the securities and exchange comm commission -- >> and you won't answer my question and you're the head of the agency give me a break. >> i'm answering it in the generic because you would not want me to speak of any one set of facts and circumstances. >> but you've already spoken have you said anything about bitcoin? >> my predecessor in the agency has done that. >> but you're not willing to do the same about either. >> to catch more, head to cnbc.com/cryptoworld dow down 106 "squawk on the street" returns after this our customers don't do what they do for likes or followers. their path isn't for the casually curious. and that's what makes it matter the most when they find it. the exact thing that can change the world. some say it's what they were born to do... it's what they live to do... trinet serves small and med

it's such an important topic we congratulate chairman mchenry holding this hearing and the sec accountabilitysclosure alone would be 2.35 times more expensive than all the rest of sec disclosures combined at this scale it's important that congress ask questions about the cost benefit analysis, about the underlying process, about compliance with the supreme court major questions doctrine, and we're glad they're going to do just that. >> don't you think the level of regulation is in response to the rate of innovation we had gensler on, it's been about facts, crypto, china, memes, trying to keep pace with what markets are doing >> that may be these are good questions for the chairman to ask. but what we're seeing is 50 to 55 regulatory priorities, that's how many the chair says he has that's the same thing as having no priorities. so i think deciding what the economy really needs, what the american economic situation really needs and having an appropriate role for this agency is a really important congressional oversight matter. >> are you actively looking for the sec to roll back or undo some o

chairman mchenry has directed each subcommittee to consider diversity inclusion issues during all of our hearings and to weave them in as our subcommittee and diverse inclusion was eliminated. as vice chair of that community, -- that committee i would like , to very much make it clear that flood insurance is not just a financial or industry related issue. it is an issue of equity and diversity and inclusion. this context lays out why it is so essential that we work together across the aisle to reauthorize the nfip on a long term and comprehensive way. currently nfip is authorized until september of this year. unless we authorize the program, its authority to provide new flood insurance contracts will end in its ability to borrow funds for treasury will but be erased. clearly, we cannot let this happen, the impacts will be devastating and it is far past time that we prioritize the long term reauthorization rather than kicking the can down the road once again. once again. in addition, we must also work on greater private industry participation in flood insurance to ensure a variety of