Podcasts about senate banking committee

Our podcast show being released today will focus on S.  919, the Guiding and Establishing  National Innovation for U. S. Stablecoins Act of 2025 or GENIUS Act which was reported out of the Senate Banking, Housing, and Urban Affairs Committee by a bipartisan vote of 18-6. The bill would establish a regime to regulate stablecoins.  Our guest today, Professor Art Wilmarth of George Washington University School of Law, published an op-ed on March 6 in the American Banker in which he wrote that the “..bill would allow stablecoins, which are volatile deposit-like instruments, to be offered to the public without the essential protections provided by federal deposit insurance and other regulatory safeguards regarding banks that are insured by the Federal Deposit Insurance Corp. By placing the federal government's imprimatur on poorly regulated and unstable stablecoins, the …bill would greatly increase the probability that future runs on stablecoins would trigger systemic crises requiring costly federal bailouts to avoid devastating injuries to our financial system and economy.” Our podcast show was designed to be of interest to both crypto neophytes and experts. During this podcast, we explore the following issues:            1. What are stablecoins, and what are their present and potential use cases?            2.  How do stablecoins differ from other types of crypto like bitcoin?            3. How many companies issue stablecoins today?  4. What is the total volume in dollars of outstanding stablecoins?  Has it been growing?  Do all stablecoin issuers also issue other types of crypto?            5. Do any banks issue stablecoins?  If not, why not? 6.  Are there any federal or state regulations that apply to stablecoins today?  What about state money transmitter laws?  7.  Do stablecoins provide a better way to improve the speed and reliability of payments compared to other ways of making payments? Do they offer any benefits that are NOT currently offered by tokenized bank deposits and the instant payment and settlement services offered by FedNow and the Clearing House's Real Time Payment Network?  How do stablecoins on public blockchains compare to tokenized deposits held on private electronic bank ledgers, in terms of safety, reliability, and efficiency. 8.   Professor Wilmarth describes a typical stablecoin transaction and the fact that stablecoin issuers often pay interest on stablecoins that are the equivalent of money market mutual funds and way more than banks pay on passbook or statement savings accounts or checking accounts.            9.  How do stablecoin issuers generate revenue? 10.   What are the potential risks of stablecoins, especially if they can be offered by nonbanks and are not covered by federal deposit insurance?  Would they present the same risks as money market funds, which the Fed and Treasury bailed out in 2008 and again in 2020? Have there been any examples of these risks being realized?  Have there been any failures? What happens if a stablecoin issuer fails?  Does bankruptcy law (as amended by the GENIUS Act), provide a feasible process for dealing with failures of stablecoin issuers?  If nonbank stablecoin issuers become large financial institutions and get into serious trouble, would the federal government be able to finance another series of massive bailouts similar to those of 2007-09 and 2020-21 without risking a crisis in the Treasury bond market and/or another surge of inflation? 11.  Will Big Tech firms issuing stablecoins be able to dominate our banking system and economy and would that necessarily be a bad thing? 12. Which firms are likely to be the most significant issuers of stablecoins if nonbanks are allowed to conduct that activity?  If Big Tech firms are allowed to offer stablecoins, could they use stablecoins to offer banking services and eventually dominate the banking industry?  What should we learn from China's experience with Ant Financial Group (Alipay) and Tencent (WeChat Pay), China's two largest Big Tech firms, which became dominant providers of financial services to Chinese consumers and households? 13.  We then discussed the so-called GENIUS ACT which the Senate Banking Committee passed by an 18-6 bipartisan vote on March 13. What are the major features of the Act?            14.  What are your major concerns about the bill? 15. What would the stablecoin market look like if Congress passed the GENIUS Act in the form that it was approved by the Senate Banking Committee? 16.  Should we require all issuers and distributors of stablecoins to be FDIC-insured banks?  Why do you believe that federal banking laws governing FDIC-insured banks provide a far better approach for regulating issuers of stablecoins? [After the recording of this podcast, the bill ran into rough sledding on the floor for a couple of weeks with some Senators, like Senator Elizabeth Warren, raising consumer protection issues similar to those raised by Professor Wilmarth and other Senators raising concerns about President Trump's family substantially benefiting from enactment of the bill. However, on May 19, after negotiations among Senate Democrats and Republicans to amend the Bill to add consumer protections, limits on tech companies issuing stablecoins and ethics standards for special government employees, like Elon Musk, the Bill advanced on a bipartisan procedural vote to prevent filibustering in the Senate, 66-32, making it likely that the Bill will pass the Senate by a super-majority vote. The fate of the Bill in the House is less certain.] Alan Kaplinsky, Senior Counsel and formerly the Chair for 25 years of the Consumer Financial Services, hosted the podcast show.

The Consumer Financial Protection Bureau is set to withdraw a Biden-era rule aimed at cracking down on data brokers and their selling of Americans' personal and financial information. In a notice in the Federal Register, the CFPB said legislative rulemaking on the data broker industry “is not necessary or appropriate at this time,” and the agency does not plan to “take any further action” on the proposal. The notice was issued by Russell Vought, acting director of the agency, head of the Office of Management and Budget and a Project 2025 architect. The withdrawal of the rule, which was first reported by Wired, comes after President Donald Trump's initial nominee to lead the CFPB signaled to Congress in February an openness to continuing Biden administration data-broker rules. Jonathan McKernan, a former Treasury Department and Federal Housing Finance Agency staffer, told the Senate Banking Committee that Rohit Chopra — President Joe Biden's CFPB director — “was onto something” with his policies targeting data brokers and data aggregators. The CFPB's withdrawal notice took particular issue with the rule's focus on the Fair Credit Reporting Act, saying that the proposal was “not aligned with the Bureau's current interpretation of the FCRA, which it is in the process of revising.” The Senate on Wednesday voted 54-43 to confirm businessman Emil Michael as undersecretary of defense for research and engineering and the Pentagon's chief technology officer. In that position, Michael will serve as the primary advisor to the secretary of defense and other Defense Department leaders on tech development and transition, prototyping, experimentation, and management of testing ranges and activities. He'll also be in charge of synchronizing science and technology efforts across the DOD. Michael comes to the job from the private sector, where he's been a business executive, advisor and investor. He told members of the Senate Armed Services Committee that he's been involved with more than 50 different tech companies during his career. Perhaps most notable, from 2013 to 2017, he was chief business officer at Uber. In government, he previously served as special assistant to the secretary of defense when Robert Gates was Pentagon chief. The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast  on Apple Podcasts, Soundcloud, Spotify and YouTube.

S4:E170 The Weekly Update and a discussion with co-host Paul Clark and guest co-host Josh Miller about startup investing for GenZ and Millennials. We're talking about small investments in Startup Funds that offer diligence, deal flow and diversification at a low cost provided that Congress successfully changes the definition of an Accredited Investor. We'll be talking more about a rule change for Accredited investors over the next month with Chief Counsel of the Senate Banking Committee which has purview over such a rule change. Next week we will be getting pitches from 3 of my favorite startups from the Spring ATDC Showcase. These companies are candidates for our ATDC Fund and for VentureSouth. (interview recorded 4.24.25)Follow David and Paul: https://x.com/DGRollingSouth https://x.com/PalmettoAngel Connect On LinkedIn: https://www.linkedin.com/in/davidgrisell/ https://www.linkedin.com/in/paulclarkprivateequity/ We invite your feedback and suggestions at www.ventureinthesouth.com or email david@ventureinthesouth.com. Learn more about RollingSouth at rollingsouth.vc or email david@rollingsouth.vc.

It's the Friday News Roundup! We're talking about the Eagles visiting the White House (and the players who skipped it), the Community College of Philadelphia asking City Council for more money (while its ousted president files a lawsuit), and a Philly judge in hot water because of his wife's cheesesteak business (is the real crime the $35 steaks?!).   Our Friday news roundups are powered by great local journalism:  ⁠Community College of Philadelphia's board names provost Alycia Marshall as interim president⁠ ⁠McCormick Makes Big Play in Bitcoin While His Committee Considers Regulation⁠ ⁠Dave McCormick is investing in bitcoin as he sits on the Senate Banking Committee and will mull crypto regulation bill⁠ ⁠A Philly judge could face discipline for promoting his wife's popular cheesesteak shop⁠ ⁠Ousted CCP president alleges in court complaint that board chair pressured him ‘to direct CCP business to political allies and vendors'⁠ Get so much more Philly news & events in your inbox with our newsletter: ⁠Hey Philly⁠ We're also on Instagram: ⁠@citycastphilly⁠ Learn more about the sponsors of this May 2nd episode: ⁠Aura Frames⁠ - Get $35-off plus free shipping on the Carver Mat frame with Promo Code CITYCAST Advertise on the podcast or in the newsletter: ⁠citycast.fm/advertise⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

America's pensions are in big trouble. Many are underfunded vs their payout commitments. Many are being recklessly managed, overinvested in far too speculative assets for the safety of their constituents.Ted Siedle is a former SEC attorney. His firm, Benchmark Financial Services, Inc. has pioneered over $1 trillion in forensic investigations of the money management industry. He's nationally recognized as an authority on pensions and investment management matters, having testified before the Senate Banking Committee regarding fund scandals and is an expert in various Madoff-related and other litigations.In 2017, he secured the largest SEC whistleblower award in history of $48 million, and in 2018, the largest CFTC award in history at $30 million.Join me and Stephany Pomboy as we interview Ted and take your questions live.WORRIED ABOUT YOUR RETIREMENT? SCHEDULE A FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com_____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

*The is the FREE archive, which includes advertisements. If you want an ad-free experience, you can subscribe below underneath the show description.The President of the United States first signed an EO (January 23, 2025) to create a working group on digital assets. Next he signed an EO (March 6, 2025) to establish a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile. Although the same reserve plan failed for the state of Wyoming, the EO establishes the digital reserve federally. Wyoming is, however, leading the way in experimenting with Stablecoin, while a bank in the state also became the first to send and receive digital U.S. Dollars. Wyoming-based Custodia Bank worked with a Texas bank to send tokenized digital dollars from an account into the digital realm and back again. Wyoming plans to unveil their Stablecoin in June 2025. Back at a Federal level, the Senate Banking Committee sent a stablecoin bill to the full chamber for debate in early March. By early April Satoshi Nakamoto, the supposed founder of Bitcoin - though “he” could be a “she” and is in fact more than one person - mysteriously reappeared for the first time since 2008 when Bitcoin was speculated on and created by 2009. Who or what they are is unknown to everyone except the Department of Homeland Security which knew the identity officially back in 2019 and yet failed to reveal it to the public. This is interesting because doing something like creating such a secure alternative to the U.S. Dollar is usually seen as an act of terrorism and a threat to national security. Although an EO on Central Bank Digital Currency has been signed, banning its use, and an anti-CBDC Bill has cleared the House Financial Services Committee, Bitcoin and others are taking its place. The Trump family is heavily invested, too, with their crypto firm, World Liberty Financial, pushing to launch a decentralized finance platform DeFi. While proponents of Bitcoin, for example, say “its decentralized,” “rejected by the banks,” “not legal tender,” “it's stable,” and “not traceable,” this is in fact not the whole story. When it becomes legal tender and regulated in the United State then it will also become “stable” and centrally regulated. Bitcoin will also become even more highly trackable through AI, pattern recognition and government subpoenas, among other things. Now that the U.S. in issuing tariffs as part of a trade war, BlackRock CEO Larry Fink has joined the chorus of voices warning that the U.S. dollar's reserve currency status is at risk. Fink has even gone further and suggested a likely replacement: Bitcoin, which could replace the dollar as a reserve and change the whole system. “The question of a potential dollar confidence crisis has now been definitively answered—we are experiencing one in full force,” ING analysts including Francesco Pesole wrote in a note seen by Bloomberg. “The dollar collapse is working as a barometer of ‘sell America' at the moment.” The dollar's decline is seen by some as boosting the bitcoin price as traders bet bitcoin will follow in gold's footsteps, performing as a safe haven asset. The overall story seems to be this: some mysterious figure creates Bitcoin, banks oppose it like they famously did the Federal Reserve Act in 1913, which triggers public support and demands for it, then banks officially adopt it as a model, then the same people pushing bitcoin say it is the solution to the Great Rest which is rejected and replaced with Trump's Golden Age Reset, which itself leads to the U.S. Dollar losing status and being replaced by…. Bitcoin - while investors put their money in a digital, not physical, assets. As with Hawk Tuah Girl's $50-million pump and dump, this Bitcoin-cyrpto evolution has the ability to be the largest of such schemes in world history, and probably the largest transfer of wealth in world history too. It is set up to be the legendary world currency.-FREE ARCHIVE (w. ads)SUBSCRIPTION ARCHIVEX / TWITTER FACEBOOKMAIN WEBSITECashApp: $rdgable EMAIL: rdgable@yahoo.com / TSTRadio@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/tst-radio--5328407/support.

In this special live episode of Owl Have You Know, James Weston, the senior associate dean for degree programs and Harmon Whittington Professor of Finance, reflects on his 25 years at Rice University.Join James and host Maya Pomroy '22 as they explore his journey from the Federal Reserve to Rice Business, the evolution of the school over the past two and a half decades, and his vision for the future of the university. They also dive deep into his groundbreaking research on racial disparities in auto loan pricing — a study that uncovered significant biases against minority borrowers. Plus, get the inside scoop on his experience running a bar in Rice Village.Episode Guide:01:20 James Weston's Career Journey04:25 Early Career and Mentorship08:56 Teaching Philosophy and Student Relationships13:52 Research on Auto Loans and Discrimination18:58 Linking Mortgage and Experian Data20:14 Evidence of Discrimination in Auto Lending22:48 Challenges in Passing Auto Lending Regulations24:00 The Realities of Owning and Operating a Bar30:24 Transition to Administration at Rice Business33:47 Reflections on a Diverse CareerOwl Have You Know is a production of Rice Business and is produced by University FM.Episode Quotes:How Dean James pursues scientific rigor34:50: [James Weston] I sort of view the thing that ties together all my papers as a foundational social scientist trying to measure things that are hard to measure. And so when I see things that I think have a lot of social import or a research question that I think has either a practical application or some large social question that I think needs answering, the fun for me is trying to figure out how to measure it and trying to come up with a clever way of identifying the research question in a way that's unambiguous and in a way that we can solidify and say, like, that's the answer. And I know it with as near scientific certainty as I can — you know, the existence of the Higgs boson particle.35:19: [Maya Pomroy] We can't get into that right now. Yeah. 35:33: [James Weston] But, but you know, but I'm saying, like, to treat it like a scientist.35:36: [Maya Pomroy] Yes.35:37: [James Weston] And study it like it's a real causal question. Yeah. And you attack it with the scientific method, and you attack it with the scrutiny and the scientific rigor that they use across campus.On pushing for transparency in auto lending23:20: My hope is that the Senate Banking Committee continues to take action on it, and we see more—just something similar to the Home Mortgage Disclosure Act, where auto dealers just have to report. They have a spreadsheet, and you just have to send it to the Fed the way every bank does with every mortgage application. And hopefully that transparency attenuates the discrimination the way it largely did in home mortgages. It took time. It was a 10-year process. It'll probably take that long on auto lending. And we're not the only voice in this choir. There's lots of other people now that are sort of jumping on the bandwagon.How Dean James views his new job role30:48: Moving into administration means, in my mind at least, it means I'm not working anymore. In the sense that I'm not executing the primary missions of the school, which are teaching and scholarship. And so I'm not teaching as much anymore, and I'm not doing as much scholarship anymore, which means I'd better be doing something to collect the paycheck. And the way I genuinely view it is that now I'm trying to enable the rest of my faculty to do better teaching and better scholarship. My role is as a service leader, which is how I view this job—as a tour of service, not a career pivot. I didn't take this job to then become dean someplace, to then become provost someplace, to then become Supreme Commander of University somewhere. But, like, it was someone else's turn to do this very important role, which is to coordinate all the programs, get the teaching schedules done, make sure I'm protecting junior faculty and their teaching loads, make sure I'm putting the right people into the right classes, making sure we're keeping track of it.Show Links: TranscriptThe Hidden Inequality in Auto-Lending | Rice Business WisdomGuest Profiles:James Weston | Rice University

For a dozen years, millions of U.S. investors have unwittingly had their pensions, college savings and other funds used to underwrite companies working for the Chinese military. That means they've helped our mortal enemy buy the weapons that may be used to kill them – and countless other Americans.  President Trump has announced an America First Investment Policy to end this insane practice. But top Wall Street leaders like Jamie Dimon, Brian Moynihan, Ted Pick and David Solomon are helping to raise at least another $7 billion for one such company called CATL. Their “China First” policy subverts Mr. Trump's, and threatens our national security. Today, Paul Atkins will have his nomination to chair the Securities and Exchange Commission considered in a Senate Banking Committee hearing. We need to know: Will he help enforce America First investing – or further enable the Chinese threat?    

Legislators and regulators are strongly focused on policy related to payment stablecoins, most recently with the passage of the Genius Act in the Senate Banking Committee. On this episode of the ABA Banking Journal Podcast — presented by nCino — ABA's Brooke Ybarra and Kirsten Sutton discuss the current policy and technology landscape on stablecoins. Among other topics, they talk about: How stablecoins work and why people are interested in this kind of digital asset. Use cases for payment stablecoins, such as cross-border payments. Challenges that stablecoins may pose for today's anti-money laundering and Bank Secrecy Act framework. The outlook in Congress for the Stable Act in the House and the Genius Act in the Senate and what these bills would do. Key principles for thinking about stablecoins, including economic effects, disintermediation of financial institutions, regulatory arbitrage and consumer protection. How ABA is engaging on Capitol Hill and with regulatory agencies on stablecoin issues.

In this episode of Byte-Sized Insight, we break down the biggest takeaways from President Donald Trump's Crypto Summit, including the groundbreaking move to establish a Strategic Bitcoin Reserve and a US Digital Asset Stockpile. What does this mean for Bitcoin's role in global finance? How is the market reacting? And could stablecoins play a role in securing the dollar's dominance?To make sense of it all, we're joined by Bill Hughes, senior counsel at Consensys, and Cointelegraph market analyst Marcel Pechmann, who provide expert insights on regulation, market impact, and what comes next for crypto under the Trump administration.(00:36) Flashback to the Crypto Summit and Trump's initial promises(01:48) What was signed to action at the 2025 Crypto Summit(03:11) The strategic Bitcoin reserve and the digital asset stockpile(05:49) The crypto industry's reaction to the Crypto Summit(07:04) Bill Hughes' (Consensys) take on the summit(09:35) What does this mean for U.S. crypto businesses? (11:00) Effects of the Crypto Summit on the crypto marks (14:43) What did the White House say about stablecoins? (16:41) The U.S. Senate Banking Committee advances the GENIUS billDon't miss this deep dive into one of the most pivotal moments in crypto policy.This episode was hosted and produced by Savannah Fortis, @savannah_fortis.Follow Cointelegraph on X @Cointelegraph.Check out Cointelegraph at cointelegraph.com.If you like what you heard, rate us and leave a review!The views, thoughts and opinions expressed in this podcast are its participants' alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast's participants may or may not own any of the assets mentioned.

Stablecoins, or cryptocurrencies pegged to a stable asset like gold or the U.S. dollar, have ballooned into a $227 billion market. While federal regulation has been slow to materialize, that may soon change. On Thursday, the Senate Banking Committee will mark up the bipartisan GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), which aims to establish a regulatory framework for stablecoins. Meanwhile, The US Securities and Exchange Commission may be preparing to end its enforcement action against Ripple Labs after more than four years.00:00 Intro00:19 Sponsor: Uphold00:36 DeFi Broker rule00:58 House Floor Debate01:34 Dems fight back against bill03:05 Why the bill doesn't work04:37 Vote results05:08 Dex volume05:56 Elizabeth Warren against STABLE Act 06:31 Stablecoins06:53 Stripe panic acquisition07:20 Stripe stablecoins will 10X business08:20 Ripple Monica Long: Floodgates oopen09:55 SEC closing XRP case?10:31 Wyoming stablecoin11:30 Gov. Mark Gordon, the world is watching13:04 Outro#Crypto #XRP #ethereum~DeFi Bill Passes!✅Stablecoin Bill Tomorrow!

The Senate Banking Committee will vote Thursday on a bipartisan deal to regulate stablecoins as House Republicans push for quick action on their own bill.~This Episode is Sponsored By Coinbase~ Get up to $200 for getting started on Coinbase➜ https://bit.ly/CBARRON00:00 intro00:15 Sponsor: coinbase00:47 $AVAX Crashing00:16 Avalanche ETF Incoming01:33 VanEck Flips To Avax From SOL02:10 Anthony Scaramucci on AVAX03:30 Transactions Climbing04:05 L1's Growing04:29 Avax Upgrades & Speed05:15 USDC Speed Increased05:32 Avalanche RWA Flips Solana05:56 BUIDL on Avax06:09 Crypto Summit Takeaways06:32 Sergey Nazarov on Stablecoins Moving Quickly07:25 What's Holding BlackRock's BUIDL Back?08:15 Accredited Investor Rule Sucks09:07 Trump removing accredited investors09:29 SEC changing rules10:02 Investing in Entertainment10:52 Venture Funding11:19 Larry Fink's Top Priority12:45 Stablecoin Bill Coming Soon!13:23 Stablecoin Hearing13:42 BNY Mellon on Stablecoins14:49 Warren Buffet Cash Position15:13 GDC 2025 on March 18th15:42 Off The Grid Players16:03 XBOX Handheld Incoming16:24 PlayStation Announcement Soon?16:34 Solana Revenue Crashes17:03 Avax Revenue Growing17:29 Avax Flipping Solana?17:50 outro#Crypto #Bitcoin #Ethereum~Hold AVAX?

U.S. President Donald Trump and British Prime Minister Keir Starmer meet at the White House on Thursday. Starmer is the second European leader to meet Trump this week following French President Emmanuel Macron.Trump has threatened to double tariffs on China. An initial 10 percent tariff on Chinese goods went into effect earlier this month. He said the 25% tariffs on Mexican and Canadian goods would go into effect on March 4, as planned.Several of Trump's economic picks faced questions at a Senate confirmation hearing. Jonathan McKernan, nominated to lead the Consumer Financial Protection Bureau, testified before the Senate Banking Committee on his selection. Alongside McKernan, the panel also considered the nomination of Bill Pulte as head of the Federal Housing Finance Agency.

Victoria Guida of Politico and Brendan Pedersen of Punchbowl News sort through how and why the Trump administration is remaking banking regulation. Is the CFPB neutered for the next four years or maybe forever? Will the OCC take over the FDIC's exam functions? Why did big bank CEOs meet with the Senate Banking Committee? What's DOGE up to at Treasury?

In the latest episode of the Market & Economic wrap podcast, Trevor Garvin, Head of Multi-Manager, covers the surprising announcement by South Africa's Finance Minister regarding the delay of the national budget speech to 12 March 2025. Trevor discusses where the delay stems from, the market's initial reaction to the news and the potential implications and leadership skills required to navigate these challenges. In addition, he provides an overview of global market trends, including strong earnings reports from US tech companies, the easing of inflation fears, and the impact of potential US-Russia negotiations on commodity prices. Tune in for a comprehensive analysis of these key points and other news, including the performance of domestic equities, European markets, and the Japanese Nikkei, as well as insights from Federal Reserve Chair, Jerome Powell's testimony to the Senate Banking Committee. LinkedIn · YouTube

Het staatsfonds van Abu Dhabi heeft voor 436,9 miljoen dollar aan Bitcoin gekocht via de Bitcoin-ETF van BlackRock. Mubadala Investment Company, zoals het fonds officieel heet, voegt daarmee een significante positie toe aan hun portfolio. Het fonds beheert ongeveer 284 miljard dollar aan vermogen en belegt in diverse assets, waaronder nu dus ook Bitcoin. De interesse vanuit institutionele beleggers lijkt toe te nemen. Het pensioenfonds van de Amerikaanse staat Wisconsin verdubbelde hun positie dit kwartaal naar 321 miljoen dollar aan Bitcoin. Zij zijn niet de enige Amerikaanse staat die in Bitcoin belegt. Ook twee grote Amerikaanse banken mengen zich in de discussie: State Street en Citigroup gaan bewaardiensten aanbieden voor Bitcoin. Citigroup heeft aangegeven nog meer diensten te willen ontwikkelen. Ondertussen vragen aanbieders van Ethereum-ETF's de toezichthouder om staking goed te keuren voor hun beleggingsfondsen. De koers van Bitcoin bevindt zich momenteel in een prijsbereik dat volgens analisten is uitgespeeld. Een uitbraak lijkt aanstaande, maar de richting is nog onduidelijk. De macro-economische omstandigheden spelen daarbij een belangrijke rol. Jerome Powell sprak deze week bij het Senate Banking Committee over het monetaire beleid van de Federal Reserve. In Argentinië is ophef ontstaan over een memecoin genaamd Libra. President Milei deelde een tweet waarin hij deze munt leek te promoten. De koers steeg direct hard, maar later bleek het om een scam te gaan. Het project was opgezet door een bedrijf dat via social media het vertrouwen van investeerders misbruikte. De tweet van Milei bleek nep en de koers stortte in, wat leidde tot grote verliezen voor beleggers die in de munt hadden geïnvesteerd. Co-host is Bert Slagter, analist bij kennisplatform Bitcoin Alpha. Gasten Bert Slagter Links Staatsfonds Abu Dhabi stapt in Bitcoin Pensioenfonds Wisconsin verdubbelt Bitcoinpositie Wall Street-banken kijken óók naar Bitcoin De memecoin van Milei Host Daniël Mol Redactie Daniël MolSee omnystudio.com/listener for privacy information.

The National Federation of Independent Business released their Small Business Optimism Index, Kevin has the details. The Port of L.A. and the Port of Long Beach reported their 2024 put through volumes, Kevin has the details. Transportation Merger & Acquisitions gained momentum in late 2024, Kevin has the numbers and the expectations for 2025. Oil prices react to the effects of sanctions on Russian and Iranian oil supplies, escalating trade tariffs, global economic growth, Federal Reserve Chairman Jerome Powell's comments to the Senate Banking Committee that they are in no rush to cut interest rates and anticipated reports on U. S. and global supply and demand forecasts.

The National Federation of Independent Business released their Small Business Optimism Index, Kevin has the details. The Port of L.A. and the Port of Long Beach reported their 2024 put through volumes, Kevin has the details. Transportation Merger & Acquisitions gained momentum in late 2024, Kevin has the numbers and the expectations for 2025. Oil prices react to the effects of sanctions on Russian and Iranian oil supplies, escalating trade tariffs, global economic growth, Federal Reserve Chairman Jerome Powell's comments to the Senate Banking Committee that they are in no rush to cut interest rates and anticipated reports on U. S. and global supply and demand forecasts.

12th Feb: Blockchain DXB Podcast

In remarks before the Senate Banking Committee, Fed Chair Jerome Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s 2% goal. He also reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to get interest rates lower. Rick Polsinello, Senior Market Strategist at Franklin Templeton Institute shares his insights on Powell's latest comments on interest rates, where the Fed could be heading in coming days, whether companies are set to beat earnings expectations this quarter and if gold is priced to perfection for a future inflation surge. Presented by: Ryan HuangProduced by: Yeo Kai Ting (ykaiting@sph.com.sg)Photo credits: pixabay & its talented community of contributorsSee omnystudio.com/listener for privacy information.

Scott Wapner and the Investment Committee debate the state of the bull market following Fed Chair Powell's Testimony before the Senate Banking Committee. Plus, the desk debates the latest Calls of the Day on Schwab, Vertex and Transocean. And later, the Committee reveal their latest portfolio moves.  

Elon Musk joins President Trump in Oval office defending the Department of Government Efficiency (DOGE) cutting federal spending; Federal Reserve Chair Jerome Powell tells the Senate Banking Committee the Fed is not in a hurry to reduce interest rates given the strength of the economy; Senate is on a path to confirm Director of National Intelligence nominee Tulsi Gabbard and will take a pivotal procedural vote on Health & Human Services Secretary nominee Robert F. Kennedy, Jr.; President Trump meets with Jordan's King Abdullah about U.S. 'taking' Gaz to rebuild it; Vice President JD Vance speaks about European 'excessive regulation' at AI Summit; New York City Mayor Eric Adams (D) thanks the Justice Department for moving to dismiss the federal corruption charges against him. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Donald Trump hosts Jordan's King Abdullah II at the White House on Tuesday as he escalates pressure on the Arab nation to take in refugees from Gaza.The Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is "strong overall," with low unemployment and inflation that remains above the Fed's 2% target, Fed Chair Jerome Powell said in opening remarks prepared for delivery at a Senate Banking Committee hearing.Steve Bannon pleaded guilty in New York state court to a fraud charge related to his fundraising campaign for the U.S.-Mexico border wall.

It was a mixed day on Wall Street as Jerome Powell testified to the Senate Banking Committee. Supermicro (SMCI) added postmarket volatility after releasing its preliminary earnings ahead of its expected 10-K filing. Tesla (TSLA) experienced intraday volatility before ultimately selling off. As for the winners, Intel (INTC) rallied off American A.I. optimism as Coca-Cola (KO) gained thanks to a strong earnings report. Caroline Woods turns to the day's biggest headlines.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetworkFollow us on Facebook – / schwabnetworkFollow us on LinkedIn - / schwab-networkAbout Schwab Network - https://schwabnetwork.com/about

Looking ahead, this week's economic highlights will include the latest inflation report in the US, as well as the NFIB survey and the retail sales report for January. On the central banking front, investors will be watching the semi-annual testimonies by Federal Reserve Chair Jerome Powell to the Senate Banking Committee and the House Financial Services Committee on Tuesday and Wednesday. Investors will also be watching for more tariff talk, after US President Donald Trump said he was planning reciprocal tariffs on US trading partners, which would mean raising the level to match what the US is charged by others.

Stories we're following this morning at Progress Texas: Elon Musk and DOGE have been granted access to the highly-sensitive payments system at the heart of the U.S. Treasury Department: https://abcnews.go.com/US/treasury-dept-elon-musks-team-access-federal-payment/story?id=118380399 ...Senator Elizabeth Warren, top Democrat on the Senate Banking Committee, is demanding answers from new Treasury Secretary Scott Bessent: https://www.nytimes.com/2025/02/03/us/politics/warren-bessent-treasury-musk-doge.html ...Meanwhile, Musk and DOGE have launched an all-out attempt to dismantle and destroy USAid, the U.S. government's primary foriegn aid agency: https://www.theguardian.com/us-news/2025/feb/03/elon-musk-says-usaid-is-beyond-repair-and-he-is-working-to-shut-it-down Governor Greg Abbott laid out seven emergency items in his State Of The State address yesterday - limiting the 89th Legislature to dealing with those items for the rest of the session's first 60 days: https://www.keranews.org/2025-02-02/gov-abbott-lays-out-his-agenda-for-texas-with-emphasis-on-vouchers-water-and-property-taxes ...Outgoing Texas Democratic Party Chair Gilberto Hinojosa and a gathering of other Texans responded in a pre-recorded video: https://www.kxan.com/news/texas-politics/texas-democrats-abbott-doesnt-have-a-clue-about-everyday-citizens-needs/ Next time you get targeted online by MAGA hate, keep in mind that most of that is likely coming from bots: https://www.expressnews.com/politics/article/texas-house-speaker-bots-20068116.php The early giving period for this year's Amplify Austin Day has begun! Support Progress Texas at https://www.amplifyatx.org/organizations/progress-texas-institute. Progress Texas is now ranked in the top 3% of all podcasts worldwide for listenership - thank you! ⁠https://www.listennotes.com/podcasts/progress-texas-podcasts-progress-texas-pHdPjbaN-7B/⁠ The merch to match your progressive values awaits at our web store! Grab your goodies at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://store.progresstexas.org/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. We're loving the troll-free environment at BlueSky! Follow us there at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bsky.app/profile/progresstexas.bsky.social⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Thanks for listening! Find our web store and other ways to support our important work at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://progresstexas.org⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

This week, John and Elliot discuss FDIC's recission of job offers to 200 new examiners, an alert about check fraud through theft of US mail, an announcement that Belize is the most compliant with FATF's 40 recommendations, FINTRAC's operational alert about Laundering the proceeds of illicit synthetic opioids, the Senate Banking Committee's inquiry into debanking, and other items impacting the financial crime prevention community.

The episode where we logged on and won forever. Probably the biggest week in crypto history...  In this episode:  Ross Ulbricht is granted a full pardon  Did Ross Ulbricht deserve a life sentence? SAB121 is finally gone  Why SAB121 was bad Crypto ball review Trump launches a memecoin Trump is inaugurated OCP2.0 is over  CBDCs are banned We review Trump's Executive Order No Strategic Bitcoin Reserve, but a stockpile instead Larry Fink calls for 600-700k BTC Mark Uyeda, announces the formation of a new task force: SEC Crypto 2.0 Senator Cynthia Lummis announces the formation of the Senate Banking Committee on Digital Assets A US court in Texas overturnes the sanctions placed on Tornado Cash

President-elect Trump's pick for Treasury Secretary is testifying before the Senate Banking Committee. Plus, we have an exclusive sit-down interview with Citi CEO Jane Fraser on the heels of the bank's strong quarterly results. And USAA's CEO is on the ground in California as residents begin to rebuild their lives in the wake of the devastating wildfires.

Leslie Sack, Director of Advocacy at the Structured Finance Association, joins host Patrick Dolan to review the latest shifts in financial regulation and leadership. Sack provides her perspective on French Hill's expected agenda as the new chair of the House Financial Services Committee, the challenges facing Caroline Crenshaw's renomination to the SEC, and Tim Scott's priorities as the new chair of the Senate Banking Committee. We also examine the potential candidates for leading the CFPB, OCC, FDIC, and the SEC.

Host Christine Lee breaks down the latest news in the crypto industry as "Razzlekhan" releases a new music video before prison.The U.S. Consumer Financial Protection Bureau is proposing to put digital wallets under the same standard as bank accounts. Meanwhile the Republican-led Senate Banking Committee seeks to create a digital assets subcommittee. Plus, "Razzlekhan" releases a new music video as she prepares for prison. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry.-From our sponsor: In Chinese, belief means trust. For 10 years, Consensus has united those who believe in building a new internet where everyone has value. Join us at Consensus Hong Kong February 18 - 20, 2025 where belief becomes real. Connect with global leaders, innovators, and investors shaping the future of Web3, and experience the power of collaboration at the industry's most influential event. Register now: https://go.coindesk.com/3BeigBq-This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Crypto News: Donald Trump and Fed will push for Quantitative Easing (QE) which will pump Bitcoin and Altcoins. The Senate Banking Committee launches subcommittee dedicated to crypto. $870 billion asset manager Standard Chartered to offer Bitcoin & crypto custody services in Europe. Show Sponsor - ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/ 

When testifying to the Senate Banking Committee back in 1987, the newly-appointed Fed Chairman, Alan Greenspan, provided some insight into his views on communication: “Since becoming a central banker”, he said, “I have learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.” His successors have generally tried to be more open with regard to both their opinions and their intentions. However, there are times, when the Fed will want to communicate to financial markets without piquing the interest of either the general public or the administration.

What is the transition like from government service to a C-suite leadership role at a cutting edge tech company? How are regulators thinking about crypto and other financial innovations? And is public service something that's still inspiring or something that we ought to aspire to?Join Heath Tarbert, Chief Legal Officer and Head of Corporate Affairs at Circle, as he draws on his extensive and prodigious career in public service–serving as Chair of the Commodity Futures Trading Commision, associate White House counsel, Supreme Court clerk, special counsel to the Senate Banking Committee, and more–to break down the legal side and wide-ranging impacts of financial markets around the globe.Listen as Heath discusses the intersection between law, finance, and public policy, the future of cryptocurrency, the value of humility, and much more.Read detailed summary: https://www.spotdraft.com/podcast/episode-67Topics:Introduction: 0:00Building a career around banking and financial markets: 8:53Being picked to lead the Commodity Futures Trading Commission: 16:50Advice to young people considering careers in politics and public service: 22:13Breaking down CFTC regulation of cryptocurrencies: 30:17Why the CFTC chose to engage with cryptocurrencies: 37:26Why Heath joined Circle as Chief Legal Officer: 41:40Should lawyers move beyond legal into business operator roles?: 47:15Rapid-fire questions: 49:16Book recommendations: 53:31What Heath wishes he'd known as a young lawyer: 55:21Connect with us:Heath Tarbert - https://www.linkedin.com/in/heath-tarbert-b2140a15/Tyler Finn - https://www.linkedin.com/in/tylerhfinnSpotDraft - https://www.linkedin.com/company/spotdraftSpotDraft is a leading contract lifecycle management platform that solves your end-to-end contract management issues. Visit https://www.spotdraft.com to learn more.

www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/Host: Mark TreichelGuests: John McKechnie and Jeff PacinoKey Topics Discussed:1. Leadership Changes:- Discussion of Trump's election victory and its potential impacts- Changes in Senate Banking Committee leadership with Sherrod Brown's defeat- Tim Scott expected to chair Senate Banking Committee- Elizabeth Warren potentially becoming ranking Democrat on Banking Committee2. NCUA Board Implications:- Anticipated leadership transition from Chairman Todd Harper to Kyle Hauptman- Analysis of NCUA Board dynamics and chairmanship powers- Discussion of Hauptman's term expiring in August 2025- Need for credit union industry experience on the NCUA Board3. Critical Industry Issues:- Potential tax reform efforts in 2025- Importance of credit union advocacy and GAC attendance- Changes in regulatory approach under new leadership- Consumer compliance and budget considerations4. Political Dynamics:- Discussion of Republican control of Congress- Two-year window for administration priorities- Importance of maintaining relationships across party lines- Changes in House Financial Services Committee leadership with McHenry's retirementExpert Analysis: The episode features experienced regulatory and industry veterans providing insights on navigating the changing political landscape and its implications for credit unions.

Big trouble is ahead for many banks that have commercial real estate in their portfolios. Federal Reserve Chair Jerome Powell warning, “there will be bank failures” at the Senate Banking Committee in early March. Due to declining values and defaulting loans in the commercial real estate space, smaller banks are feeling the pinch. Specifically, small and midsize banks could collapse in the coming months. On today's show, we're going to discuss this issue and what it means for you.

Ron Hammond of the Blockchain Association joins me to discuss the crypto victories in the 2024 election. Topics:- Election results: Donald Trump and Pro Crypto Candidates win - Bernie Moreno defeats Sherrod Brown - Tim Scott takeover of Senate Banking Committee from Elizabeth Warren- Gary Gensler to resign soon? - Gensler's replacements and Hester Peirce as temporary SEC Chair? - Crypto Legislation through the Senate in the lame duck? Show Sponsor -

Subscribe to Unchained's new regulatory newsletter Unregulated. With the presidential race in the spotlight, it's easy to overlook the powerful role that Congress could play in shaping crypto policy in the coming years. From committee chairs to legislative allies, crypto advocates are keenly focused on the outcome of key Congressional races. Kristin Smith of the Blockchain Association and Alex Grieve of Paradigm join us today to break down which races and committees are critical for crypto, why the industry is more visible in Washington than ever, and what the chances are for lame duck legislation this year.  Read more: How Congressional Committee Leadership Could Shake Out for Crypto This Election Show highlights: Why this election is “incredibly important” for crypto  How the presence of Fairshake is increasingly noticed by Washington Why some committees are more important than others for the industry Why the Senate Banking Committee is key Whether Alex and Kristin are concerned about Sen. Warren becoming chair of the Senate Banking Committee What could happen to the House Financial Services Committee Who is likely to take on both of the Agricultural Committees, which is in charge of the CFTC How the Senate Commerce affects the crypto industry How the members of the House Energy Committee don't have a strong stance on crypto What the stance of the Finance Committee on crypto is Why there is an opportunity in the House Ways and Means Committee Whether crypto tax legislation is in the works Who could be the SEC Chair under a Trump or Harris presidency Who could be the next Chair of the CFTC Whether Yellen will be replaced on Treasury, with many pro-crypto options on tap Why the Federal Reserve matters much more if they get to regulate stablecoins What the odds are for crypto legislation being passed this year Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot Mantle Robinhood & Arbitrum Guests: Kristin Smith, CEO of the Blockchain Association Kristin's Op-ed on Unchained: In the Ongoing SAB 121 Fight, Here's How Crypto Can Move Forward With Bipartisan Support Previous appearances on Unchained: Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End  Can Crypto Be a Force in the Midterms? Yes, Say Kristin Smith and Jake Chervinsky What the Crypto Industry Could See Under a Biden Administration Alexander Grieve, VP of Government Affairs at Paradigm Links Previous coverage of Unchained on the elections: With Rate Cuts and Upcoming Elections, What's the Best Play in Crypto? Why Congressman Ro Khanna Is Hopeful the Democratic Party Will Embrace Crypto Why Gary Gensler Will Likely Be Out as SEC Chair No Matter Who Wins the Election Congressman French Hill on Crypto and His Top Pick for the Next SEC Chair Timestamps:  00:00 Intro 01:55 Why this election is pivotal for crypto 04:50 How Fairshake's presence is catching Washington's eye 16:39 Which committees matter most for crypto? 22:49 Why the Senate Banking Committee is crucial 28:54 Concerns about Sen. Warren as potential chair? 38:15 Possible shifts in the House Financial Services Committee 41:47 Who could control the Agricultural Committees and CFTC oversight? 47:35 How the Senate Commerce Committee impacts crypto 51:04 House Energy Committee's stance on crypto 53:21 Finance Committee's crypto perspective 55:03 Opportunities in the House Ways and Means Committee 57:28 Is crypto tax legislation in the works? 1:01:23 Potential SEC Chairs under Trump or Harris 1:03:57 Who could be the next CFTC Chair? 1:05:46 Will Yellen be replaced with a pro-crypto Treasury option? 1:08:06 Why the Fed's role could be pivotal for stablecoin regulation 1:10:46 Odds of crypto legislation passing this year Learn more about your ad choices. Visit megaphone.fm/adchoices

How will the 2024 election affect the economy, the markets, the deficits, and your wallet? Our favorite economist is back on the podcast for a third time with his straightforward opinions!    Bob Stein is the Deputy Chief Economist at First Trust Advisors, where he's responsible for commenting on and forecasting the U.S. economy.    In this Off the Wall discussion, Bob shares his thoughts and predictions for the 2024 electoral races for the House, Senate and White House, and their impacts on the American people.    Bob breaks down the scenarios and possible outcomes for the election, including what would happen in a parallel universe (thanks for the fun prompt, Dave). So, buckle up and get ready for some ponder-worthy possibilities!    “As of today, the one thing I can tell you for sure is that my odds will change between now and Election Day, maybe multiple times, maybe by dinner tonight. But as of right now, I think Donald Trump has about a 60% chance of winning. Harris only 40.” – Bob Stein    Episode Timeline/Key Highlights:  [00:00] Introducing Bob Stein & the topic of today's episode.  [02:28] What is the likely outcome of the House election and how will it impact the US economy?  [04:06] Will Hakeem Jeffries become speaker of the House and a presidential candidate for 2028?  [06:48] What is the likely outcome of the Senate election? What are the odds the Democrats take the Senate?  [10:25] If Republicans take the Senate, what impact will it have on the economy, markets, deficit, and people's wallets?  [11:31] Bob's predictions on the 2024 Presidential Election results.  [15:06] If Trump or Harris won, how would it affect the economy, markets, deficits, and people's wallets?  [18:33] If Harris won the election, would tax cuts get extended?  [20:48] Potential outcomes of a red sweep, blue sweep, or divided government.  [23:48] What are the realistic policies being supported by Trump and Harris?  [29:06] Are there any policy ideas that the presidential candidates are putting forward that you think, if it's enacted, would be potentially harmful to the economy or the average American?  [30:07] Potential changes to the Supreme Court after the election.  [33:46] Low probability surprises we could see happen in the 2024 Presidential Election.    Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.      Resources Mentioned:  First Trust: https://www.ftportfolios.com  Listen to our first episode with Bob (Predictions for the Economic & Political Landscape 2022): https://bit.ly/3fU48CH  Listen to our last episode with Bob (2024 Presidential Election Predictions): https://bit.ly/bobstein2  Subscribe to our blog: https://bit.ly/MonumentWealthBlog  Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered    About Bob Stein:  Bob is Deputy Chief Economist at First Trust Advisors, L.P., where he is responsible for forecasting the U.S. economy and writing economic commentaries. With Bob's projections, First Trust has won numerous awards for its economic forecasts, including being ranked #1 in the world by Consensus Economics for accurately predicting GDP growth and Consumer Price Inflation in the United States in 2022. In addition, First Trust is consistently ranked in the top five by Bloomberg for forecasting economic indicators. Bob has also won several Crystal Ball Awards from Zillow for forecasting home prices. Prior to joining First Trust in 2006, Bob was Assistant Secretary for Economic Policy at the U.S. Treasury Department. While there, Bob was responsible for briefing the Secretary of the Treasury on U.S. macroeconomic developments, formulating policy proposals, and helping generate the official economic forecast used by the President for budget proposals. Day to day, he led a team of twenty economists conducting in-depth economic analysis and research.    Between 1996 and 2002, Bob was an economist on Capitol Hill, including the last two years (2001-02) as chief economist for the Senate Budget Committee. While on Capitol Hill, Bob also worked for the Senate Banking Committee and Joint Economic Committee. Prior to his tenure on Capitol Hill, Bob was an economic journalist for Investor's Business Daily. Bob received a BA in both Economics and Government from Georgetown University. He has been a CFA charter holder since 2003.    Connect with Bob Stein on LinkedIn: https://www.linkedin.com/in/robert-stein-4234ba18  Follow him on X: https://x.com/BobStein_FT    Connect with Monument Wealth Management:  Visit our website: https://bit.ly/monumentwealthwebsite   Follow us on Instagram: https://bit.ly/MonumentWealthIG   Connect on LinkedIn: https://bit.ly/MonumentWealthLI   Connect on Facebook: https://bit.ly/MonumentWealthFB   Connect on YouTube: https://bit.ly/YouTubeMWMFit  Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered    About “Off the Wall”:  OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.    Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com. 

Scott Wapner and the Investment Committee discuss their strategy following Powell's testimony at the Senate Banking Committee this morning. Plus, the desk discusses the latest Calls of the Day on Netflix, American Express, Devon Energy and more. And later, the Committee talk about some stocks that are hitting new 52-week highs. Investment Committee Disclosures

Federal Reserve Chair Powell is testifying to the Senate Banking Committee today. The issue is whether Powell (who is not an economist) will be able to answer any perceptive questions that might be asked. If US inflation is lower than in Europe, why is the Fed not cutting rates? Why emphasize data dependency when data is unreliable and policy works with a lag?

For some of you it took until today to get back in the swing of things. I know our phones were lighting up all morning long.  Welcome back! This is the early edition of the Business News Headlines where all we ask is that you give us eight minutes to share some of the top business news stories of the day and we kick things off with a look at what small business owners are thinking about...well, business. Meanwhile, and if you want to reach out to us on social media you can hook up with us all day on Twitter or "X" @IOB_NewsHour and on Instagram. Facebook? Sure were there too.  Here's what we've got for you today: The National Federation of Independent Business and their latest survey; What small business owners are dealing with and their confidence; Fed Chair Powell made comments in the Senate Banking Committee; What we know about ourselves could be in jeopardy. We'll explain; The Wall Street Report; Etsy is making a giant U-Turn in their business model and why. Thanks for being here! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on  PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.  

Terry Savage, nationally syndicated financial columnist and author, joins Lisa Dent to talk about Federal Reserve Chair Jerome Powell’s hearing before the Senate Banking Committee, and whether we are finally seeing an end to inflation. Terry also answers all money-related questions from WGN Radio listeners. Follow The Lisa Dent Show on Twitter:Follow @LisaDentSpeaksFollow @SteveBertrand Follow […]

Plus: Starwood Capital Group's $10 billion real-estate fund is scrambling to avoid a cash crunch. Sen. Sharrod Brown, chairman of the Senate Banking Committee, has called for the ouster of FDIC chairman Martin Gruenberg after allegations of widespread harassment and discrimination at the agency. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Volatility is back and Bitcoin mania is here again. Need a new CTP Stock! China stocks on a run... PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Volatility is back - Bitcoin mania - Need a new CTP Stock! - LSD - making an interesting comeback Market Update - NVDA had 2 down days! - Markets still want to go higher - not matter what the data - Yields move up with CPI - Big rebound for NVDA - not letting it go down too much... CPI Release - Total CPI increased by 0.4% month-over-month, meeting expectations, while core CPI (excluding food and energy) also rose by 0.4% month-over-month (0.3%). - On a year-over-year basis, total CPI was up 3.2%, compared to 3.1% in January, and core CPI increased by 3.8%, versus 3.9% in January. - Excluding shelter, CPI rose by a more modest 1.8% year-over-year. - Despite the headline disappointment for core CPI, the market seems optimistic about the future, anticipating a reduction in the isolated impact of the shelter index in the coming months due to an expected moderation in rent prices. (in other words, thinking the Fed's PCE will not be so hot next time and the Fed will still cut sometime this year) CPI Report key takeaways: - The food index showed no change month-over-month and increased by 2.2% year-over-year. - The energy index rose by 2.3% month-over-month and declined by 1.9% year-over-year. - Used cars and trucks saw a 0.5% increase month-over-month and a 1.8% decrease year-over-year. - The apparel index was up 0.6% month-over-month and unchanged year-over-year. - The all items index, excluding food, shelter, and energy, increased by 0.3% month-over-month and 2.2% year-over-year. Inflation - YoY Inflation - ACTUAL Layoffs - Does not fit the narrative - Layoff announcements in February hit their highest level for the month since the global financial crisis, according to outplacement firm Challenger, Gray & Christmas. - The total of 84,638 planned cuts showed an increase of 3% from January and 9% from the same month a year ago, with technology and finance companies at the forefront. - From a historical perspective, this was the worst February since 2009, which saw 186,350 announcements as the worst of the financial crisis was seemingly coming to an end. - Here is where it gets interesting: The layoff numbers, however, are not feeding through to weekly jobless claims, suggesting that unemployment is short-lived and workers are able to find new positions. Powell - On one hand he stated that the Fed is watching and not ready yet to cut rates - data dependent - A couple days later he indicated that interest rate cuts may not be too far off if inflation signals cooperate. - In remarks to the Senate Banking Committee, the central bank leader didn't provide a precise timetable of when he sees easing happening, but noted that the day could be coming soon. Mnuchin to the Rescue? -NYCB had bad month - and got worse - Lost 7% of deposits - Bond rating cut - Investment firm lead by Steve Mnuchin swooped in with a cool $1 billion rescue package - Remember NYCD bought Signature Bank - obviously so much crap in that portfolio it helped poison NYCB Oracle Earnings - New ATH - Reports Q3 (Feb) earnings of $1.41 per share, excluding non-recurring items, $0.03 better than the FactSet Consensus of $1.38; revenues rose 7.1% year/year to $13.28 bln vs the $13.29 bln FactSet Consensus. - Q3 Total Remaining Performance Obligations up 29% to $80 billion. - Q3 Cloud Revenue (IaaS plus SaaS) $5.1 billion, up 25% in USD, up 24% in constant currency. - Q3 Cloud Infrastructure (IaaS) Revenue $1.8 billion, up 49% in both USD and constant currency.

US equity futures are indicating a slightly higher open as of 04:45 ET. This follows higher markets in Asia, while European equity markets have opened mixed. Mixed takeaways from Fed Chair Powell's Senate Banking Committee testimony on Thursday, in which he said the Fed is not far from achieving confidence on the inflation trajectory. This comes ahead of nonfarm payrolls data later today, which is forecast to show a step down in headline employment, no change to the jobless rate and moderation in hourly earnings growth. Companies Mentioned: Apple, HelloFresh

Ben and Tom discuss yesterday's 30-year bond auction, Yellen's comments at the Senate Banking Committee hearing, earnings results from PEP, and some big economic data coming up next week. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

On Legal Docket, a case about an individual's right to trial by one's peers; on the Monday Moneybeat, the Senate Banking Committee grills bank CEOs on capital requirements; and on the World History Book, the trauma behind a Civil War-era Christmas carol. Plus, the Monday morning newsSupport The World and Everything in It today at wng.org/donate.Additional support comes from Ambassadors Impact Network. Inviting entrepreneurs with a mission to connect with faith-based investors who share their vision. More at ambassadorsimpact.comFrom Samaritan Ministries. It's Biblical, affordable health care sharing with no network restrictions. More at: samaritanministries.org/worldpodcastAnd from WaterStone, helping believers transform non-cash assets—including real estate—into tax-deductible donations to preferred charities. More on how charitable giving can make a bigger impact at WaterStone.org.

Dave Rubin of “The Rubin Report” talks about Tesla and Twitter CEO Elon Musk's tense interview with CNBC's David Faber at Tesla's annual shareholder meeting where he was asked about his controversial tweets and support of conspiracy theorists; Kamala Harris trying to convince her audience that what Republicans call gender ideology is really women's history; John Fetterman's hard to watch questioning about bank bailouts as a part of the Senate Banking Committee; Ilana Glazer telling “The Late Show's” Stephen Colbert that he's one of the “good” white people; CNN's Jake Tapper admitting that the Durham Report, which looked into the Trump-Russia investigation, exonerates Trump and looks bad for the FBI; how well Eric Swalwell's argument with Tucker Carlson about the Trump's collusion aged; Barack Obama telling Nate Burleson his concerns about political media bias and political polarization; and much more. WATCH the MEMBER-EXCLUSIVE segment of the show here: https://rubinreport.locals.com/ ---------- Today's Sponsors: Chamonix's Genucel serum with plant stem cell technology helps get rid of those bags and puffiness under your eyes. Act now and save over 70% off Genucel's most popular packages and for a limited time get a complimentary Spa Essentials Box with every package order. Plus a free upgrade to priority shipping. Go to https://Genucel.com/DAVE