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[inaudible conversations] good afternoon everyone and welcome. E. This is a joint hearing of two subcommittees a committee on oversight and accountability. The subcommittee i chair the subcommittee on Cybersecurity Information Technology and government innovation at the others a subcommittee on Economic Growth and Energy Policy and regulatoryh, affairs. Its chaired by my esteemed colleague from texas. We will have Opening Statements from the chairng and Ranking Member of both subcommittees. Thats a total of four Opening Statements so ill keep mine brief. Cybersecurity has beenor a major focus ...

Permanently. So i dont know. Sorry. What do you say should we just make get official here at cnn for de work between do we have those powers that even a question. I mean, everyone in here is like golf, do it. Well, thats thats official. Dun dun, dun. Lets make it a lot. Across the land. Okay. We can all agree that even although i heard you creep up to fourandahalf, what four, we said four. All right. Im just making sure but how do. You. Can appreciate it . And do our Cnn News Central starts now all right. Happening now, a crucl vote tt will answer a keques. Doesouse Speaker Mike Johnson had an...

Let me let me use your microphone, president peskin. Thank you. Thank you so much. And first of all, thank you all so much for being here. I want to just start by expressing my appreciation to Mary Ellen Carroll for her continued support of manager king and facilitating the various meetings that take place with the Disaster Council. Theres a lot of work that needs to be done in San Francisco to address this. Many of the things that we know could happen that we may be surprised by. In addition to those things that we know are coming and having some consistent meetings with our various city serv...

Good morning, welcome to bloomberg daybreak europe. Im anna edwards. Morning, a lot going on today and the Global Market maybe is the turnaround, that i guess is your top story anna . Dont call it a comeback, not yet. U. S. Futures point higher as we said in our headline. An interesting idea as to why there was not as much conviction to the downside as we had assumed, given what we were seeing in markets. Saw the dipsys we open up at the start of the trading session reduced as we went through the day. Corporate earnings, the number of company saying the profits will be beat estimates. 1. 21, t...

Lacqua we speak with the vicechairman of blackrock, the worlds biggest money manager. After the financial crisis, what have we learned . We have too much leverage in the system without any doubt. When you have too much leverage, bad things happen. Things tend to be amplified. Thats the key thing. Thisve also learned that notion of letting the market be totally free, that wasnt a good idea. What stands out is banks needed much more capital than they had at the time. We had capital levels that were excessively low. In some cases, these banks were leveraged nearly 100 times. That, to me, has alwa...