Immediate compupport cspan as a public service. Along with these other Television Providers. Giving you a front row seat to democracy. Energy secretary Jennifer Granholm testified on President Bidens 2025 budget request for her agency before house energy and commerce subcommittee. She also discusses u. S. Liquid natural gas exports, appliance efficiency standards, and electric vehicle supply chains. This is three and a half hours. [inaudible conversations] the Subcommittee Energy climate and security will now come to order and id like to take a moment to welcome our newest member to the subcommittee congressman rick allen from georgia welcome to the subcommittee. The chair will not recognize himself or five minute Opening Statement. Welcome to todays hearing to review the department of Energy Performance and fulfillment of the statutory responsibilities. We will examine the departments fy 2025 budget request to congress. Welcome back to the Committee Secretary granholm. The department
Caroline im Caroline Hyde in new york. Ed and im in san francisco. Caroline tesla asked its investors to approve a pay package. Ed chipmaking orders dive at asml. Our chip stockpiles back . Caroline we will bring you into a conversation with the French Company a toss. In the equity market pulls back a little bit from where it had been. Nevertheless we see bond markets outperform, currently seeing a 20 year yield down to, three basis points. Moving on and looking on the world of crypto. Its been on the downside as the u. S. Dollar is falling. The first time in six days we saw the dollar give up strength as we digest what has been a slightly more hawkish of. Risk assets are still cautious out there. Ed tesla continues to dominate headlines. Down for a fourth straight session. The stock is trading at its lowest level in almost a year and i dont think this has to do with the headlines on the bloomberg terminal. The idea of incorporating in texas, thus about the downward pressure. There is
Is waiting to see, even when you look at the market it looks like the 10year is sitting above 4. 3 the 2year well above 5 then youve got crude oil prices that are creeping closer and closer to 100 actually this morning theyre off by 1 , back to 22. It was around 93 yesterday. A lot of concerns over at Goldman Sachs. Theyre suggesting they they 12 months from now the price will be 100 for a barrel of wti. Weve been talking about this it would filter through, but the you know, it depends on how you believe. Theres two sides to everything, it seems like. I could debate either side it does hurt demand. Were going to be about 4 a gallon and that may cause people to rein in spending on other things its deflationary and inflationary i could see both ways. It works its way into every single thing from items that have to be delivered to manufacturing. The one thick we did see from bank of america, remember we had them in and we talked about what they saw over the last month much more went to en
Formation of a multimillion dollar clean energy marketplace. So i would say its important for carbon, and frankly its important for economic competitiveness that we keep pushing on the frontiers, maintain what i consider to be an edge in at least most areas of the Clean Energy Transformation thats coming. So i think its very much in our interest to get the signal straight, get industry, get utilities, get other, get investors, bankers, understanding this is the direction one of my ceo friends like to say and i would apply it to the Paris Agreement, you cant keep waves off the beach. Rose we conclude this evening with chris kelly and Molly Shannon talking about the film other people. I was nervous writing about that time because it is very auto biographical and i dont know if i want to be that personal and there are other cancer movies and other movies with other themes. I had a thousand reasons why not to do it and at the end of the day i just thought no, i keep thinking about this tim
Formation of a multimillion dollar clean energy marketplace. So i would say its important for carbon, and frankly its important for economic competitiveness that we keep pushing on the frontiers, maintain what i consider to be an edge in at least most areas of the Clean Energy Transformation thats coming. So i think its very much in our interest to get the signal straight, get industry, get utilities, get other, get investors, bankers, understanding this is the direction one of my ceo friends like to say and i would apply it to the Paris Agreement, you cant keep waves off the beach. Rose we conclude this evening with chris kelly and Molly Shannon talking about the film other people. I was nervous writing about that time because it is very auto biographical and i dont know if i want to be that personal and there are other cancer movies and other movies with other themes. I had a thousand reasons why not to do it and at the end of the day i just thought no, i keep thinking about this tim