| Summary: | CNBC live broadcast from the Capitol Hill where the House Banking Committee was holding a hearing on hedge funds. The broadcast starts with an episode of CNBC’s “The Money Wheel,” presented by Felicia Taylor and Karen Gibbs, where they discuss live the hearing at the Capitol Hill. Guest in the program are: David Katz (Matrix Asset Advisors), Kevin McCullough (CNBC, Business Anchor), Neil Cavuto (CNBC, Business News), and Joe Kernen (CNBC, Stock Editor). It features excerpts of speeches and interviews with: Arthur Levitt (Chairman, Securities and Exchange Commission), David Wilhelm (Chairman, Democratic National Committee), Dick Armey (Republican, U.S. Representative from Texas's 26th congressional district), Stan Collender (Price Waterhouse), Philip Mccrimmon (I.R.S.), Tom Hakala (KPMG Peat Marwick), Warren Isabelle (Pioneer Capital Growth Fund), and Henry Waxman (Republican, U.S. Representative from California's 30th congressional district). Other topics covered in the program include: tax cuts in the U.S.; the situation between Israel and the Occupied Palestinian Territories; the conflict in Bosnia; elections in South Africa; the tobacco industry; and financial markets. The CNBC broadcast continues with “Inside Opinion” hosted by Ron Insana which also covers live the House Banking Committee’s hearing on hedge funds. The episode features interviews with: Lloyd Bentsen (U.S. Treasury Secretary) and Jim Rogers (Co-host, Your Portfolio) as well as excerpts of speeches held at the Capitol Hill, including those of Arthur Levitt and George Soros. The tape continues with CNBC’s “The Money Wheel” and it features interviews with David Blitzer (Standard & Poor’s) and Dan Dorfman (CNBC, Financial Correspondent), as well as the live speeches from Capitol Hill of Jim Leach (Republican, U.S. House of Representatives from Iowa's 2nd district) and George Soros (Soros Fund Management).
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