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Against shortterm Municipal Bonds. Banks buy them from money market funds and then can get loans aga against them at the Federal Reserve, to address strain in another market, 3. 8 trillion market for state and local government bonds and airport bonds, all kinds of stuff in there. Only a part of that is eligible for financing at the fed these are assets that were held by money markets and money markets have been shedding assets in part because theyve had draw downs from corporate borrowers andenutional borrowers seeking to raise cash. Part of the seizing up of the financial system, the fed tryi...

The hearing will come to order. Director wray, appreciate you coming over. Try to get you out of here by 1 00. You have an agency to run. Well do seven minute rounds. If theres cleanup, well try to accommodate. Briefly, the oversight hearing comes at an important time. Even though theres no evidence the russians changed the tally of the 2016 election, i think they exceeded their wildest expectations in terms of interfering with the 2016 election. I think all of us are interested in what to do to make sure it doesnt happen in 2020. I am very interested in what china is doing, section 2015 autho...

The oversight committee. He address Election Security and fbis response to domestic terrorism and white supremacist violence and other topics are chinese espionage and threats from an official. This is just under three hours. [inaudible conversations] [inaudible conversations] come to order we appreciate you coming over director ray we will try to get out of here by 1 00 oclock you have an agency to run and if there is any cleanup we will try to accommodate. Very briefly the oversight hearing comes at an important time even though there is no evidence the russians change the tally of the 2016 ...

Us. The reason why im excited about today is cashmere has been a pioneering kind, trailblazing voice in surfacing these issues of the social impacts of technology. What were always focused on at all tech is human, is really this gulf between how fast innovation moves and how slow our ability to consider its impact on how we live, love, learn, even die, how we get jobs, how we see the world, the future of the human condition. These are big questions, and thats why these are questions we cannot deal with sitting alone in front of a screen, come together because we need all different backgrounds,...

Hello. Good to have you with us. I am sally bundock. Lets now dissect the top business stories. We start in the us where tesla has revealed the biggest slump in earnings in more than a decade as the road gets increasingly rocky for the electric car industry. Tesla made profits of 1. 1 billion in the first three months of the year. Thats a fall of 55 on this time last year. Revenues were 9 lower and both numbers were worse than investors had been expecting. But tesla shares which have taken a pounding this year jumped around 11 in after hours trade after the company promised quicker progress on...