as head of the occ mr. otting would oversee supervision of all national bank ands federal savings associations as well as federal branches and agencies of foreign banks. having served in the lead positions at various institutions in the past, i'm confident that mr. otting will bring strong leadership to the occ. mr. quarrels has a wealth of government andprivate sector experience as well dealing with both domestic and international financial markets. he is no stranger to public service having previously served in multiple top posts in the treasury department. as vice chairman for supervision, mr. quarrels would play a key role in developing regulatory and supervisory policy for the federal reserve system. president obama never designated anyone for 24 role. insteld, former fed governor acted as the de facto vice chairman for supervisionin various ways. including by chairing the federal reserve board's committee on supervision and regulation, overseeing the large institution supervision coordinating committe

it is the reason for you to deal with the occ which is under your jurisdiction and have them when they audit banks and those banks have a prime plus for or prime plus five loan to a company that have ay, that they reserve of an extra 1% or 2% rather than 30% or 50%. secretary, could do more than any of us to get small business loans made by local banks. the debt clock has been behind you. you commented on that. that any tax reform that came out of your department or that was supported by your department would not increase that debt according to the cbo and we just voted in the house yesterday not to cut the cbo because they are the umpire here in washington to determine what increases and decreases the deficit. i hope you would use your power break up the too big to fail banks. the debt limit is just over the horizon. i hope that you would use your voice to remind us that it is not enough to deal with the debt limit in overtime. after you have used extraordinary measures to keep us from defaulting. the harm is to our economy now because investors have to price and the risk that america

it is the reason for you to deal with the occ which is under your jurisdiction and have them when they audit banks and those banks have a prime plus four or prime plus five loan to a company that is just a little shaky that they have a reserve of just an extra 1-2 percent rather than 30-50%. you, mr. secretary, could do more than any of us to get small business loans made by local banks. the debt clock has been behind you. you commented on that. i would hope any tax reform would not increase the debt and we just voted in the house not to cut the cbo because they are the umpire in washington to determine what increases and decreases the deficit. i hope you use your power to break up the too big to fail banks. the debt limit is just over the horizon. i hope you use your voice to know it isn't enough to deal with measures. the harder it is to your economy now because investigators have to price the risk america will default on its debt. you probably didn't think you would be dealing with armenian. your department needs an allocate one taxpayer lawyer for a few weeks. in making the decisio

story number two, a meeting did occur wi occ occur. >> it was a short meeting. after 20 minutes the meeting ended. >> later the sunday, new york times reports that donald trump, jr. took the meeting after being promised of damaging information of hillary clinton. >> story number three. >> information of hillary clinton were vague and meaningness and others exited the meeting quickly. >> on tuesday of new york times e-mail exchange, donald trump jr. , tweeted himself including a june 3rd e-mail quote, "information that would in criminate hillary clinton and would be useful to your father." >> "this is part of russia and its government support for mr. trump." >> trump jr. responds, if it is what you say, i love it especially later in the summer. tuesday night, story number four. >> this is observation research. it is unreported for years and not just for the campaign. i want to hit it out. really, it went nowhere. >> in paris, president trump tried to justify the idea of campaign meetings with russians and contact he has denied for r months. >> i think from a prac

and trying to get federal authorities to do more and some of the battles we had to fight where the occ, the office of the comptroller of the currency was always trying to pre-empt that, and i can't speak their motivations. auld talk about the safety of the banking system but they were both not doing a whole lot in terms of consumer protection and trying to prevent others who were trying to take consumer protection action from doing anything. and so they are very different approaches among differentials and that will happen. -- among different agencies and that will happen. >> i have some perspective of the last 40 or 50 years. i in the mid 'of 0s i was a wet behind the ears attorney on wall street. the new deal was accepted as a fact and complain we are the most regulated industry but i it was accepted. other thing that has clearly changed is the securities and exchange commission was considered the blue ribbon or gold standard of regulation. i haven't read your book so i don't know if you mentioned anything like that. but it understood it had two mandates and those mandates were not n

margin is split in dodd frank between the cftc and the prudential regulators including the fed, ftic, occ, et cetera. in the cft's final margin rules the agency took what i believe is a sown approach in distirnging derivatives trading with external parties that occur between affiliates within the same corporate group. you didn't subject to a much higher margin requirement. unfortunately the regulators did not fall suit with initial market redemption in their final rule. this is not only locking out billion dollars of dollars but also creating an unlevel playing field, i think very important for u.s. companies is both european and asian regulators have like the cftc provided for such exemptions. we get kind of a common theme with a lot of this stuff, you know, dealing with our international partners which you simply have to get it worked out. do you support a legislative exemption for initial margin for inner affiliate swaps to level the playing field for u.s. companies both in the u.s. and globally, and do you think such an approach would be good for the markets overall? >> thank you for

occ you can do it in ways that other folks can't.when you look at the protests against world bank, a lot of people noticed latency a lot of students of color those protests. nobody's going to bail them out of jail necessarily.n. they cannot afford to miss a semester of school, you can.thia again i'm not suggesting you put yourself on the line, maybe i am. i'm suggesting you think about ways your privilege can become an asset to movement.[applaus [applause] >> good evening. my question is that particularly since it's about race there is an open letter about black womeg saying at large the sink, you eat used to three grassroots organizing until you gather the vote. when it going to recognize us for what we have contributed not just to the democratic party but to the country at large. so too, your thoughts on that? >> i'm going to say something.t. then i guess you might agree with me. number one, when you are in theo community with money people listen. unfortunately they don't all see an investment or zip code that shows that they're ab

to the extent a bank is reviewed by the fed, the occ, the fdic and the consumer protection bureau, we think that one agency should be named as the lead agency and coordinate amongst all the rest of them. i do think that fsoc is an important area to get the regulators to make sure they're working together to deal with overlap. and then, finally, this is something i take very seriously. we have a lot of resorted dedicated to it. both within treasury and across the government. national security review is very very important and i can tell you that there's been many transactions already this year that we have indicated to the parties that we would not approve of them and would send them to the president and there have been voluntarily withdrawals. so the fact that you haven't seen a lot of information coming out, doesn't mean there's not a lot of working been done there is. it's a considerable process and we respect that. >> do you believe that process is flawed, have you discovered that in your review, the process particularly for non-banks? >> that's something that would be premature to

delays heavy across the occ occoquan.lines after green and yellow line issues. vre getting back to normal after an issue out at the franconia springfield stop as well. back to you health watch, stick to your workout. one way of improving your chances to work out with friend. >> but that friend doesn't have to be a human. holly joins us now in studio with the details. good morning. >> good morning. i don't think this is really all that surprising, right? you love your pets. you'll do anything for them. well -- >> spend time with them. >> it might help you in the process. new study from the uk will have you partnering up with your pet. researchers found that four legged friends can be the perfect motivation to keep you going during a work out. whether you're trying to drop a few pounds or just want to keep yourself active arc friend can keep you from slacking off or quitting after a few work outs. and that friend doesn't have to be human. according to web m.d., people benefit from walking, running and even swimming with the

i mean, you've got a banker who's going to be running the occ.ho's going to be running fdic. you've got a guy who was investing in financial companies who's going to be the fed governor in charge of bank supervision, and you're changing the focus of where the regulation comes from from the fed up to the fsoc which is run by the treasury secretary. so, you know, whatever may be happening in other areas concerning trump's initiatives, he is winning everything in banking. charles: all right. and bank stocks are starting to reflect that. dick bove, thank you very much. really appreciate it. >> thank you. charles: well, it might be getting lost in a fog of controversy, but president trump and the republicans making some big strides last week in fixing our broken immigration system. and, you know, we're not ignoring this one. >>> and check this out, a new supersonic jet concept, this one being developed by lockheed martin and nasa. not only is it super fast, it's also super quiet. remember those old booms back in the day? not with this one, coming up.

tomorrow likely the hottest day with temperatures above 100 degrees, in fact areas like brentwood, anti-occected to go -- antioch expected to go above 100 degrees today. just inside the bay may be a tad cooler, begin to see a cooling trend on sunday although it won't be by much. san francisco 72, livermore looking at 101. san jose 95. so again for sunday, just as warm, perhaps even hotter for the inner east bay. 58 degrees outside the door in san francisco. 54 at half moon bay. inner east bay 66 to start your day in brentwood. low 60's in san jose. 85 for navado, inch up the number for navaid doe. 100 degrees for sonoma. to the water we go where it is going to be beautiful. mid .0s in salsa let a. 7 east bay, almeda. the 9 for scanville, 102 for brentwood. south bay locations, 96 for morgan hill, 82 in san to cruz. 88 redwood city. 74 in san francisco. going to see the a's game later today, going to be a nice evening at the ballpark, starts about 6:05. 75 degrees at the start of the game. but we will see temperatures drop off, could be down to 65 degrees by the end of the game. so bring tha