treasury secretary janet yellen and federal reserve chairman jerome powell testify before the senate banking committee about the economy and federal response to the pandemic. then a senate armed services subcommittee holds a hearing on sexual assault in the military. on c-span2, the senate is back at 10:30 a.m. to work on nominations for assistant health and human services secretary and energy secretary. and on c-span3, potential changes to campaign finance and election law with former attorney general eric holder and michigan secretary of state jocelyn benson.

jonathan: chairman powell on capitol hill, day two today, in front of the senate banking committee.d morning. alongside lisa abramowicz, i'm jonathan ferro. live on tv and radio, here's the price action, about one hour and 12 minutes away from the opening bell. up 0.75% on the nasdaq. the s&p 500 up 0.4%. euro-dollar slightly weaker, coming in about 0.1%. accrued snapback, up by two point accrued snapback -- a crude snapback, up by 14% -- by 2.4%. we can head to washington now to catch up with don beyer, u.s. representative out of virginia come on capitol hill. just to go over some of the priorities on bipartisan interceptor proposal, i want to read a coat -- bipartisan infrastructure proposal, i want to read a quote. "it is nothing more than a partisan exercise so the democrats can set up a multitrillion dollar, one-sided spending bill." can you tell us why it is more sincere than that? rep. beyer: i was really disappointed in ranking member brady's comments because it didn't have any connection to reality. we invited all democrats and republicans to tell us what their priority sho

christine let's start with you when it comes to this hearing focused on robin hood what is the senate banking committee trying to accomplish here. well the committee is here to basically evaluate the dangers of financial speculation and perhaps oversee additional regulations and reform of the u.s. system or retirement savings and stricter oversight of securities dealers so not surprisingly robin hood is again at the center of these hearings and it has completely changed the marketplace and basically demonstrated how technology and social media have been combined to push the limits of market regulation and one issue that's getting a lot of attention right now is the game of the cation of the market so critics are saying that robin hood apps encourage more frequent use that is financially beneficial by luring the customer into betting more and enticing them to encourage repetitive use of the trading as robin hood on the other hand denies that calling its interface an intuitive and easy to use app that enables customers to understand control and direct their finances in a very responsible way so there's n

to do it and move quickly. >> senator sherrod brown, democrat from ohio, chairman of the senate banking committee, thank you for coming on here and sharing your perspective with us, sir. i appreciate it. >> chuck, one real quick thing. we call it now the senate banking and housing committee, because this committee has been all about banking, and it's going to be more and more about housing in the years ahead. so, i'm not correcting you, but just wanted to explain. >> you got it. no, no, good to know. the next time we come on, i look forward to talking some housing with you. >>> when we come back, as democrats debate going it alone without republican votes, many are saying, what would mitch do, as in mitch mcconnell? the panel is next. as in mitch mcconnell? the panel is next. this is a tempur-pedic mattress. and its mission is to give you truly transformative sleep. so, no more tossing and turning, or trouble falling asleep. because only tempur-pedic uses proprietary tempur® material, that continuously adapts and responds to your body, to relieve pressure. so you get deep, uninterrupted sleep. al

jay powell and janet yellen are appearing before the senate banking committee. we talked about the range of issues they will be addressing. there are other issues come up bitcoin among them, that could come up. also, the discussion of their collaboration. the head of the treasury, the head of the federal reserve, seemingly interchangeable in some ways. how do they work together in a new way going forward? then u.s. crude inventories. the suez canal issues, yes, it seems to be transitory, but it is some of the inventory data we will be looking for. the u.s. is selling five-year notes. we are getting towards the more interesting securities. perhaps we will get some indication of what longer-term treasury demand looks like both here and abroad. jonathan: looking forward to the supply a little bit later. the seven-year issue will get our attention tomorrow, i'm sure. let's turn to mona mahajan, i leonce -- mona mahajan, allianz global investors u.s. investment strategist. i am trying to understand how you approach a market like this right now. you drip since the end

today you are going to be hearing from gary gensler in front of the senate banking committee to potentially become the sec chair. very interested to see what he has to say about the gamestops of the world, the robinhood trading, and the froth people have been talking about. also today, the fed speak continues, the drumroll before the thursday jay powell presentation. today we've got lael brainard and mary daly speaking. very interested in what they have to say about some of the turmoil. lael brainard had some interesting things yesterday to talk about, some possible ongoing rico operation to come. some liquidity concerns in the repo market. at 1:00 p.m., joe biden will participate in a virtual lunch with senate democrats as the democrats try to get that $1.9 trillion stimulus bill passed by march 15. jonathan: thank you. let's turn to our guest, peter tchir, academy securities head of macro strategy. there was some negative connotation attached to being optimistic because everything was so negative. it was uncomfortable to be long. you are still long constructive. why? peter: i am, but it i

the brokerage operad been hood is back in the spotlight as the senate banking committee held a hearing on tuesday that call this business model into question bob republicans have praised the out for its.

first on the house financial services, the senate banking committee.e know that janet yellen is full tilt behind biden's plans and we will hear her. powell is going to say something he doesn't want. powell, his prepared remarks are out. he said fed stimulus is going to say and janet yellen say full employment could be back. is she the idea that people from prominent economist and high praise in 2022 not in 2023? it's interesting to hear her that the economy is going to be so strong and going to be interesting testimony regardless. >> kathleen hays there. and breaking news out of germany. the e.u. should not have an export ban and five-day lockdown over easter and because of the situation and coming on the leaders agreeing on an expanded period. markets are expected to open. germany a five-day lockdown . >> u.s. japan and emerging markets. the strategy, global markets. ♪ >> weakend dollars. >> if you look at this what we have been seeing and looks back to march. and easily what we have, the boston is indicating what could be the earning predictions and

. >>> joining me is democratic senator sherrod brown who chairs the senate banking committee. senator brown, welcome back to "meet the press." >> thanks, chuck. particularly an honor to be on after dr. fauci. thank you. >> you got it. let me start with something you wrote on thursday and get you to explain it a bit further. you wrote this. the best chance for our democracy lies not with the vein hope that republican leaders will grow spies, but the ability to show americans they don't have to -- that's set up to fail. on one hand, that message sounds defind. but it sounds a bit vague. what are you calling for here in that declaration. >> it's not defiant certainly. it's preppive. to build democracy, to save democracy, we need to make government work. that's why president biden's relief act is -- repair act is all about going big. we go big on unemployment benefits, on opening schools and putting shots in people's arms and money in people's pockets and workers and jobs. that's what this proposal does. that's why the house passed it. it's what voters voted for in november. it's w

coming out of washington, d.c., as you all know in terms of where this goes from the senate inking committee, -- senate bankingommittee, i think honestly republicans are starting to get out their calculators and say you can't afford to be spending this much money. that is why i think, to talk about a $2 trillion infrastructure plan, it's going to be hard for democrats to garner much republican support. jonathan: kevin, speed is important now. if they wait, things get better, and things have gotten better over the past week. two months earlier than anticipated, yet the price tag for the relief plan has not changed. isn't that nervousness around the story now if they wait long it gets harder and harder to push through a package this size? kevin: yes, and especially as this goes on and on. we talked about texas this week, florida, two public and-controlled states, but look at new york with governor cuomo. let's be candid. he is a very weak political governor right now. he is facing intense pressure from every which way, from the left, from the right, everywhere. at a time in which various sectors in the new york

treasury secretary janet yellen and federal reserve chairman jerome powell testify before the senate banking committee about the economy and federal response to the pandemic. then a senate armed services subcommittee holds a hearing on sexual assault in the military. on c-span2, the senate is back at 10:30 a.m. to work on nominations for assistant health and human services secretary and energy secretary. and on c-span3, potential changes to campaign finance and election law with former attorney general eric holder and michigan secretary of state jocelyn benson. there is more live coverage streaming on our website at 930 a.m. eastern, house homeland security subcommittee looks at how state and local officials are responding to domestic terrorism threats. at 10:00 a.m., sitting homeland security subcommittee examines how the federal government is preparing for the next national emergency. also at 2:30, the senate small business committee reviews the status of several covid-19 relief programs, including the paycheck protection loan program. again, that's all live at c-span.org. >> c-span is your unfilter

>> later this morning, powell and jyellen will be back for round two, this time nor the senate banking committeeember senator, thanks for being with us this morning. we got a warm-up act yesterday when the two went in front of the house. what questions do you still have after listening to all of that >> well, becky, i have questions for each of our witnesses, for chairman powell, i really want to get a better understanding of how they reconcile the revised forecast they have they have recently, as you know, significantly revised real gdp growth for this year getting closer to being in line with the consensus. they're at 6.5%. but they made a very, very modest, change in their projection for unemployment, and they actually project inflation to decline in recent months. that strikes me as a very unlikely combination and, you know, some could argue that that's a convenient configuration for justifying this extraordinary monetary policy that we have. but i'm not sure that it fits very well. so i want to explore that with the chairman >> wait a second, senator, before we move on, are you questioning

the senate banking committee will have a hearing on a hearing. i have to i find it interesting about what he thinks about gamestop gamestop and the retail trading. there is a tale of two sides, you have on one hand, retail traders getting involved with something that has been a hot area. on the other hand, how many people lost their shirts when it came to trading some of these rocket trades. the fed is set to speak. they key question in my mind and high have been trying to get my head around this is what does short-term inflation costs mean for longer-term inflation trends? so far, it has been that yes, we are going to get a resurgence. the longer trend is the same. what can shut that? at 1:00 p.m. today, joe biden is participating in a virtual lodge with senate democrats. interesting to see how chuck schumer plans to wrangle the democrats to get the 50 vote majority that he needs to push this through by march 15. they already killed the minimum wage aspect. there is pushback at the democrats, the left wing wants to give it some -- carl: -- jonat

here with more, pennsylvania senator pat toomey, ranking member of the senate banking committee. looks like it's here to stay it's not just that name. we're seeing it a lot of places. what do you need to know >> well, look, i'm interested in what we're going to hear i think from our colleagues on the other side and some of the witnesses we're going to hear that basically unsubstantiated warfare how the system is rigged against the little guy there's a lot of criticism about gamefication, as you know. the idea that you make the experience of investment enjoyable and easy is somehow a problem for some folks, not for me we might get into a discussion about payment overflows and whether that's a good execution mechanism. there might be some discussion about shorting regulations look, my view is the democratization of the markets has been fantastic zero commissions extremely narrow bid offer means retail investors can buy into stocks in a way they never could before being able to buy a fraction of a share. this is why over half of americans are now investors when 10, 20 years ago it wa

from time to time. 10:00 a.m., jay powell and janet yellin back to capitol hill before the senate banking committee. expect them to talk about the same they did yesterday. they expect inflationary pop. janet yellin more interesting. maybe she will say more about taxes but also more about a fund for the imf can go to emerging markets and possibly help them in their recovery from the pandemic. u.s. crude inventories, interested in seeing how much they are building. this is what's giving pressure to oil earlier in the week. 1:00 p.m., we are all about the auction this week. we have $61 million of five-year notes. yesterday completely -- the fed will hold rates regardless of where they are with inflationary impulses. jonathan: the suez canal. in the media everyone will go crazy about this, of the story is phenomenal, of the numbers are impressive. the numbers around it are always impressive. isn't this story the very definition of transitory? we will get excited about it, people talk about global trade backed up and then in a couple of days, maybe a week, it reopens and back to business and supply chai

today they will be speaking before the senate banking committee. let's talk a little bit about this. what did we learn yesterday? what do we need to learn going forward in terms of the narrative here? yesterday we didn't get very much of a pickup. i think it was a reiteration of what was happening on the inflation front, certainly from powell. will today be any different? let's find out the questions we might be hearing about. mike mckee is here to tell us all. michael: i wouldn't make a bet on the idea that you will get anything different today, although claude raines was shocked there were politics going on on the house floor yesterday, or in the house hearing room yesterday. a lot of effort to get powell and yellen to support one side or the other on the debate about what stimulus is going to do and all of this government spending to the economy. inflation is what we will get back to today. the question of whether or not this is going to create inflation, powell said yesterday and will say again today that it will in the short run. the fed is wa

treasury secretary janet yellen just wrapped up their testimony to the senate banking committee. we dig into their comments surrounding inflation, jobs, and support for the recovery. plus, you will hear from the intel ceo on his plan to spend billions on reviving manufacturing in the u.s. wall street analysts are wary of that strategy. we will talk to one of the foremost experts on infrastructure, the former world bank economist joins us to talk about president biden's multitrillion dollar economic plan centered around building and boosting infrastructure. let's take a quick shot of the markets. i put the dow and the nasdaq on here. jon ferro would not be happy with me. i let the s&p off. it is just not moving as much as the other two. the old economy is up 0.8%. the nasdaq 100 is down 0.8%. a real divergence in the market illustrated there. you can see the 10 year not doing much. crude up 6%. making up yesterday's drop and then some as the tanker stuck in the suez continues to hold up oil shipments. joining us for reaction to the fed chair and treasury secretary's testimony in f

should be more diverse but there were detractors as well including republican senators on the senate banking committeeasdaq was operating out of its scope and the rule would interfere with a board's fiduciary duty to shareholders arthur leavitt argued a similar case in a recent "wall street journal" op-ed in response to the criticism the nasdaq last month watered down the rule a little bit. it also means the proposal won't be sailing through the s.e.c. with the agency deciding to take a few more months to review its implications, guys. >> leslie, it's just a recommendation, right? >> just a recommendation. >> and if you can't make it, you have to explain why? >> you have to explain why it's almost as if you're disciplining a child to finish your green beans i recommend you finish your green beans. if you cannot finish your green beans, please explain why. >> some might argue it's too rigid. others might argue it's not going far enough to women, but what about racial diversity, what about sexual orientation, so what are your thoughts about that >> that's ight that's a big part of the criticism we've se

lisa: today what i'm looking at at 10:00 a.m., the senate banking committee another hearing on the retail trading boom. this comes ahead of some of the stimulus checks getting into the hands of households. also, looking out for roadblocks, which i believe is the love child of at-home remote learning. robinhood will get a direct lending and -- a direct listing. we are also looking at the house, discussing the stimulus bill, the $1.9 trillion effort. probably going to pass either later today or tomorrow. the key question is, what next? paul krugman saying this alone not enough to get us out of secular stagnation, an argument that is hotly debated and there will need to be follow on spending. that is where the emphasis will be. at 1:00 p.m., the treasury department is starting their bonanza of debt -- this -- debt sales. the key question, jon, who will be the buyers? will it be the fed? will he be local investors? will it be foreigners? who will come in and have the opportunity at 6% gdp plus or to the moon? potentially 9%, 10% gdp in the u.s.. are we justified for these incredibly low yield

it will be prodded by the senate banking committee and securities & exchange commission.: charlie, i hope some big ceos will not cry foul. a lot of corporate america was behinded biden administration. you knew this was coming if you supported him. this is the time to -- >> i wouldn't go that far to say corporate america supports this. now clearly corporate america likes virtue signal. there are many members like larry fink at blackrock, david salomon at goldman sachs that tout their adherence to these things but i think it is more kissing up to -- jackie: charlie i got to go. i got to go. thank you so much for that. we'll be right back. this isn't just freight. these aren't just shipments. they're promises. big promises. small promises. cuddly shaped promises. each with a time and a place they've been promised to be. and the people of old dominion never turn away a promise. or over promise. or make an empty promise. we keep them. a promise is everything to old dominion, because it means everything to you. these days, it's okay to do some things halfway... but taking presc

senator elizabeth warren clashed with treasury secretary janet yellen at a hearing of the senate banking committee wednesday over why the $9 trillion money manager company blackrock doesn't face more oversight from the treasury department. >> is blackrock currently designated to receive that increased oversight? >> it is designated, but i think it is important to understand -- >> it not receiving the oversight from the fed does potentially a $9 trillion investment company pose some risk to the american economy if it should fail? >> one needs to analyze what the risk is, an asset management company -- >> what the risk is if you're not actually doing the investigation? amy: blackrock is the world's largest asset manager. it also has close ties to the biden administration. new york governor andrew cuomo is facing another scandal after news outlets revealed cuomo's family -- including his brother chris, who hosts a show on cnn -- were given special access to covid-19 testing last spring. cuomo is already facing calls to resign for covering up thousands of covid-19 deaths at nursing homes and for his a

still to come, we take you live as jerome powell and janet yellen answer questions from the senate banking committeeiss the interview of the day pat gelsinger joins squawk alley in his fist interview since tking the job as ceo at intel inhe meantime, "squawk on the street" will be back in two. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> it is time for the etf spotlight. we're looking at the ticker smh. it's up over 100% over the past 12 months. slightly lower this morning. today, though, it is getting boosts from three of the top ten holdings intel, applied and lam all higher they are investing 20 billion to build two new plants in arizona which plant will be operational by 2024. the announcement signaling i

the senate banking committee confirmation hearings for resident biden's picks for head of the sec andfinancial protection bureau's are underway. with us is sonata bassett -- is sonali basak. sonali: there's a lot of noise around right now, but also a big question on how far he will go outside of the direct banking system and start to look at things like private equity. there's questions about political spending in corporations, and lastly, climate change and disclosures. i don't know if you are member last year, we had spoken to raj cohen at sullivan & cromwell. he said it is pretty expected that both on climate change and racial equity gender equity are places we could see increased disclosure. guy: i read a piece this morning talking about the fact that -- is pretty close to elizabeth warren, who we are going to be talking to later. is that comparison fair? is that a useful starting point when you think about how particularly the republicans are going to be addressing how we are going to be seeing main street regulators? sonali: that is the number one issue here. there is a big expe

. >> the senate banking committee heard testimony from finance experts on whether stock trading appske robin hood should have more regulation. they also talked about the role of the government in educating the public on investing and how low income families can benefit. this runs one hour, 50 minutes.

host: the two leaders were before the senate banking committee in the house financial services committeelk about the state of the economy, but more in particular the recovery after covid and the success or lack thereof of efforts by the fed and congress with the cares act and other covid relief measures. what did they say about how that money is working in the economy during covid? guest: i think that they certainly expect that it is going to accelerate their recovery and that we could really be seeing a strong economy soon. a lot of the money has not gone out the door yet, the treasury is working really fast. janet yellen said that they are working to get those impact payments out, the $1400 stimulus checks going to americans. they announced that they spent another -- they sent another one to be processed. they sent half of that money out. aid for state and local governments and job benefits, we will see that going out the door over the coming months and they expect that that will lead to more job creation, and of course all of that depends on the virus and whether the pandemic continue

they will be before the senate banking committee this morning at 10:00 a.m. a hearing on campaign and voting rights ethics with eric holder and michigan's senate of state -- secretary of state, janet lawson. that will be on c-span3. in the afternoon, a hearing on sexual assault in the military. a subcommittee hears from survivors of sexual assault in the military and survivor advocates. that is a 2:30 eastern on c-span. to illinois, we hear from stephen, independent line. caller: thank you for taking my call. the senate needs to pass the john lewis voting rights bill. there are several state legislatures that are radically attempting to limit people's access to vote. georgia is the most egregious example where there are long lines in a voting place, people are not allowed to take sandwiches or water to people standing in line. the georgia law would allow the legislature after a further conducted election to decide if they did not like the results and simply reverse the results, as trump tried to persuade several legislatures after he lost, pennsylvania, wiscon

senate committee and banking and housing affairs. welcome back. a senior affiliated scholar with the marcotte a center at george mason university. he is the director of the john w glenn junior business program at the university of virginia school of law. prior to that, he was a partner in the securities litigation and enforcement practice. he also served as deputy general counsel at the sec. welcome. professor fletcher, would you begin your testimony for five-minute, thank you. >> thank you for inviting me to testify today. i am a professor of law at duke university, where my research focuses on capital markets, and market and if you lay sure. our capital markets exist to channel investor capital into uses. it also is providing investors with simple returns, allowing and to save for retirement or send their children to college. we are here today because we are seeing trading activity that seems to be divorced from this essential purpose. since the start of the year, gamestop stock has gone through quite a bit of volatility. it started at a little

love to have a commitment that you would work with me and others, i think there's other senators in the banking committee and other senators have that experience the same circumstance and i would like to see our state and city, local units of government have the flexibility under the belief that you cannot take the financial condition of covid and just a vacuum. all the things that pile on when a business is already so fragile is when utility bills, individuals and families are struggling to pay their bills. we can't take that just in isolation. secretary yellen, i would just ask two things. want to make sure you are aware of the circumstance, tremendous damage to small business and consumers in kansas and elsewhere. ask if you also would see that flexibility makes sense to you on a commitment that you would work with me to make sure that we can convince you and that you have an understanding of the circumstance, and then and idea of the timeframe in which the kites might be in place so that relief could be used? >> senator, first of all let me say appreciate your describing to me the problems that your

the focal point of a clash between janet yellen and senator elizabeth warren during the senate banking committeeey will push to designate the firm as too big to fail. yellen says the focus should be on risky activity rather than singling out individual companies. coming up, intel's $20 billion push to regain the chip manufacturing lead fails to win over shareholders. this is bloomberg. ♪ want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. x

was the focal point of a clash between janet yellen and elizabeth warren during a senate banking community -- committeeanted to know if they would push this. yellen argued that the focus should be on the risking -- risky activity rather than singling out companies. the move follows departures during the pandemic, the payments are said to be between 100000 and $200,000. coming up in the next hour, we will be discussing the post-covid economic scenario with jim sweeney. this is bloomberg. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. (woman) i don't want to look like this anymore. (man) what is happening to my body? (woman) why can't i lose weight? (announcer) you may be suffering from insulin resistance. measure your waist. females measuring more

treasury secretary janet yellen and federal reserve chairman jerome powell testified before the senate banking committeebout the economy and federal response to the pandemic. at 2:30, the the senate armed services subcommittee holds a hearing on sexual assaults in the military. on c-span two, the senate is back at 10:30 a.m. to work on nominations for health and human services secretary and deputy energy secretary. en c-span3, a senate committee meets at 10:00 a.m. to review potential changes to campaign-finance and election law with former attorney general eric holder and michigan secretary of state jocelyn benson. there's also more live coverage streaming on our website at 9:30 a.m. eastern, a subcommittee looks at how state and local officials are responding to domestic terrorism threats. at 10:00 a.m., a subcommittee examines how the federal government is preparing for the next national emergency. also at 2:30, the senate small business committee reviews the status of several covid-19 relief programs including the paycheck protection loan program. that is at c-span.org. >> visit c-span's new online

treasury secretary janet yellen federal reserve chair jer role powell testify before the senate banking committeet the economy and federal response to the pandemic. then at 2:30 senate arm services sub committee holds hearing on sexual assaults in the military. on c-span2 the senate is back a 10:30 a.m. to work on nominations for assistant health and human services secretary and deputy energy secretary and on c-span 3, a senate committee meets at 10 a.m. to review potential changes to campaign finance and election law with former attorney general ericer and michigan secretary of state janet benson more live coverage streaming on our website at 9:30 a.m. eastern a house homeland security sub committee looks at how state and local officials are responding to domestic terrorism threats at 10 a.m. a senate homeland security sub committee exams how the federal

neil: you know in the meantime, guys, this gamestop hear something going on in the senate banking committee we're raising the issue, we have to do something. politicians of both parties are itching to do something. we don't know what. clearly the tone seems to be a i will pull a bite from the conference ongoing, that, something has to be done. i want you to react to this. >> -- for the stock market which is supposed to be a place where a person can grow wealth by investing in companies that have good prospects but when fast-moving, high-risk speculators dominate we have a classic recipe for market disruptions. what we saw in january with gamestop and robinhood what we saw during the great recession with wall street churning out subprime mortgage-backed securities. neil: what she is saying there, essentially, keith, we're repeating errors of the past and not acting soon enough. i'm not sure what soon enough would be, or actions she is contemplating but what do you think? >> right idea, wrong attribution. the concept of the use of markets via social media with manipulation. there are have bee

and exchange commission and the consumer financial protection bureau appeared before the senate banking committee confirmation hearing. they answered questions on student loan debt, crypto currency and consumer protection. this is three hours.

but there were a fair share of detractors as well it included republican senators on the senate banking committeeerfere with a board's fiduciary duties in response to the criticism, nasdaq last month watered down the rule a bit, but the ongoing controversy means the proposal won't sail through the sec with the agency deciding to take a few more months to review the implications this is noteworthy as we look at some of the big hurdles and challenges that can come up with some of these proposals to improve diversity. >> yeah. one to watch i know you're all over it. still ahead, vertical farming company is going to go public, arrow farms via spac the ceo will join us after the break. four, five, turn, kick. we got chased by these wild coyotes! they were following her because she had beef jerky in her pocket. (laughing) (trumpet playing) someone behind me, come on. pick that up, pick that up, right there, right there. as long as you keep making the internet an amazing place to be, we'll keep bringing you a faster, more secure, and more amazing internet. xfinity. the future of awesome. ♪♪ in boxing or

. >> treasury secretary janet yellen told members of the senate banking committee she's hopeful for the economy and expects a return to full employment in 2022. 2022. federal reserve chairman jerome powell joins the 210 minute hearing. >> -- the committee will come to order. thank you all for joining us. this hearing again is in the virtual format. for those joint remotely a few reminders. once you start speaking there would be a slight delay before your displayed on the screen. to minimize background noise please click the new button until it is your turn to speak and ask questions. you should all have one box on your screens labeled a clock that will show how much time as her many peer for all the five-minute clock still a place for your questions. 30 seconds remaini

treasury secretary janet yellen and federal reserve chair jerome powell testified before the senate banking committee about the economy and federal response to the pandemic. at 2:30 p.m., the senate armed services subcommittee holds a hearing on sexual assaults in the military. on c-span two, the senate is back in 10:30 a.m. to work on nominations for assistant health and human services secretary and deputy energy secretary. en c-span3, a senate committee meets at 10 a.m. to review potential changes to campaign finance and election law with a former attorney general eric holder and michigan secretary of state jocelyn benson and there is more live cover streaming on our website. at 9:30 a.m. eastern come a house homeland secured he septa many looks at how state and local officials are responding to domestic terrorism threats. at 10:00 a.m. come a senate homeland security subcommittee

eastern on c-span, janet yellen and jerome powell testify before the senate banking committee about the economy and federal response to the pandemic. at 2:30, a senate armed services subcommittee holds a hearing on sexual assaults in the military. on c-span2, the senate is back at 10:30 a.m. to work on nominations for the assistant health and human services secretary at deputy energy secretary. on c-span3, a senate committee meets at 10:00 a.m. to review changes to campaign finance and election law with eric holder and jocelyn benson. there is more live coverage streaming on our website. at 9:30 a.m. eastern, a house subcommittee looks at how state and local officials are responding to domestic terrorism threats. the subcommittee examines how the federal government is preparing for the next national emergency. also at 2:30, the senate small business community reviews the status of several covid-19 relief programs, including the paycheck protection loan program. that is all live at span.org -- at c-span.org. >> c-span is your unfiltered view of government. created by america's cable tele

he is on the senate banking and budget committees. use reconciliation process once per fiscal year. they did it already for the american rescue package. is this one going to be a infrastructure package? >> edward, i'm not sure what exactly it is going to be but they certainly seem to be throwing a lot of things at it to try to make it fit into the rules of budget reconciliation. so very well could be. i get a little concerned when you're talking about transforming the tax code, talking about infrastructure bill, talking about climate change, all in the same package. awful lot of that stuff i think belongs in its own lane, not in one big clump. so you know, i think mitch mcconnell referred to it as a trojan horse and i think he has reason to be concerned. edward: there are some concerns there now. listen to something, this is treasury secretary janet yellen yesterday from her testimony talking about that potential 3 trillion-dollar package. she chose her words carefully. listen to this. >> we intend to put forward a proposal to invest

this morning it's up another 15% and by the way, the senate banking committee holds a hearing on gamestop volatility day. of markets all over the place. how about bitcoin? $55000 per coin up nearly $3000. here's another big move. the yield on the 10 year treasury on the way down to 1.53%. it was 1.6 a few days ago. lower long-term interest rates apparently helping technology this morning. that's what's happening to your money all over the place today. politics, today the house takes up the $1.9 trillion covid package, no big changes expected from the senate version. blue states are likely to get their 350-dollar bailout. the teachers will get their $128 billion even though public schools failed our children and you will get $400 billion with of checks whether you need the money or not. here comes the money. investors and voters demanded. we have bit-- we have a big show as republicans began eight impeachment trial against new york governor cuomo. fascinating reports on the virus. eight out of 10 of those hospitalized are overweight or obese. wait until you see president biden stumble his

and exchange commission and the consumer financial protection bureau appeared before the senate banking committee a senate confirmation hearing. they answered questions on student loan debt, crypto currency and consumer protection. this is three hours. >>> the hearing will come to order. this hearing will format a few reminders as we begin, once you start speaking there will be a slight delay before you're displayed on the screen. to minimize background noise, please click the mute button until it's your turn to speak or ask questions. you should all have one box on your screens labeled "clock" that will show you how much time is remaining. for witnesses you'll have five minutes for opening statements. for all senators the five-minute clock still applies for your questions. at 30 seconds remaining for statements and questions you'll hear a bell ring to remind your that your time is almost expired. it will ring again when your time has expired. if there's a technology issue we will move to the next witness or senator until it's resolved. to simplify the speaking order process, ranking member toome

. >> wednesday morning, the senate banking committee hears testimony from the treasury secretary janethe federal reserve chart jerome powell, on the economy and cares act relief package. watch live at 10:00 a.m. eastern on c-span, online at c-span.org, or listen with the free c-span radio app. ♪ >> 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 by these television companies who provide c-span2 viewers as a public service. ♪ peter: it was on february 24 of this year that the energy & commerce committee held a hearing on media and disinformation. one of the members of that committee, representative jerry mcnerney of california, is our guest on "the communicators" this week. but we wanted to show you a little bit of what he had to say at that hearing. [video clip] rep. mcnerney: the rampant disinformation and conspiracy theories we witnessed to overturn the election result pose a great threat to our , security, safety, and way of life. but the foundation of our democracy is rooted in

for the head of the securities and exchange commission faced questions tuesday from the senate committee on banking housing and urban affairs gary gensler who previously served as chairman of the commodity futures trading commission from 2009 to 2014 was asked about a myriad of issues ranging from the recent reddit fueled game stop stocks saga to big oil into the overall health and well being of markets and the economy so let's go over what that the nominee may have and take a look at what's moving markets with ahmed riaz go if investment strategist with insignia oh and boom bust co-host christine thank you both for being here christy i want to start with you gary gensler faced questions over whether individual investors are being hurt by extreme trading and heavily shorted stocks driven by social media what did we hear from gensler and what is he expect to do if he is confirmed. gary is expected to focus on tougher regulation just as he did when he ran the commodities futures trading commission so right now you have the s.c.c. and the s. the f.t.c. reviewing whether crane practices are consistent