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A senate agent on robo call fraud. A pennsylvania sheriff, u. S. Postal inspector and Telecommunications Consultant testify on the impact of robo call scams and how to better educate the public. An hour and 45 minutes. The hearing will come to order. Good morning. Protect american seniors from scammers who seek to defraud them is a central goal of this committee. In the past six years we have held 23 hearings on fraud and scams targeting our seniors. Using phones and the internet, they have proven to be relentless. To protect our nation seniors, we must continue not only to prosecute con artis...

Using just phones and the internet, fraudsters have proven to be relentless. Seniors,t our nations we must continue to not only prosecute con artists, who steal literally billions from our seniors, but to find new ways to block illegal spoofing and robo calls the Network Level. Last year, robo callers generated more than 26 billion unwanted calls that reached mobile phones. Were included, the number soars to 48 billion. May, our residency received 93 average robo calls each day. So far, robo callers are on pace to generate 50 billion unwanted illegal robo calls targeting american consumers. Ov...

Heres the jargon, the yield curve inversion. This is fed day and a very big day. In advance of the official word on rates, stocks have been all over the place this morning, up and down, moment to moment. Right now we are looking like a loss of maybe 112 points for the dow and down 45 on the nasdaq. This is whats hitting the market, china. China says it will impose 5 to 10 tariffs on 75 billion worth of u. S. Goods. That is obviously a negative for china trade. Its escalation and therefore, bad for the market. Elsewhere, later today, the president leaves for france for the g7 summit. Interest r...

But also to find new more illegal ways to block spoofing and robocalls at the Network Level. Robocallers generated unwanted 26 billion calls that reached americans mobiles phones. Land lines are included, 48 billion. Oars to in maine alone our residents an astonishing 93 last year. Ocalls calls to average of 73 in our state. So far this year scammers are on generate more than 58 billion unwanted illegal rodeo targeting american consumers. Hese scammers overwhelmingly are initiated offshore, using new technology to perpetuate their schemes. A practice focus on called spoofing. This allows scamm...

The hearing will come to order. Good morning. Protecting american seniors from scammers who seek to defraud them is a central goal of this committee. In the past six years, we have hearings on frauds and scams we must find ways to combat those who steal billions from our seniors and block moving and robo calls. Callers generated more than 26 billion unwanted calls that reached mobile phones. When land lines are included, the number source to 48 billion. Alone, residents received 93 million robo calls last year. Of 73 callsverage to each person in our state. So far, scammers are on pace to gene...