0
0.0
tv
eye 0
favorite 0
quote 0
financial services committee tomorrow and then the senate bank committee on wednesday.an of the fed tomorrow. >> well, maria, it's very clear to me they're a lot more hawkish, they want to be cautious, and they don't want to cut too early because that could create reverberations of the other kind. but for sure inflation's coming down, this economy seems to be going in a different direction, so we have mixed data, and i cannot wait to see what he says to congress and what he talks about with the capitalization requirements for banks. maria: and, cheryl, good numbers from target today. >> yeah. target was actually -- what a story this morning, right? that was fascinating to watch. again, we've got the jobs numbers coming out, to her point, on friday. can't wait for the revisions, maria. [laughter] a month ago i told you, i said forget if january, let's just talk about the february number because this is ridiculous are, how they're calculating -- maria: look at this stock. target is up 9.33% right now on this better than expected report. the stock has been gaining momentum
financial services committee tomorrow and then the senate bank committee on wednesday.an of the fed tomorrow. >> well, maria, it's very clear to me they're a lot more hawkish, they want to be cautious, and they don't want to cut too early because that could create reverberations of the other kind. but for sure inflation's coming down, this economy seems to be going in a different direction, so we have mixed data, and i cannot wait to see what he says to congress and what he talks about...
0
0.0
Mar 7, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
financial services committee. all coming up tonigh on c-span. >> c-span's "washington journal," a live forum involving you to discuss the latest issues in government, politics and public policy. from washington, d.c. anro coming up thursday morning, we'll discuss tomorrow's state of the union address, government funding deadlines, and conflicts in gaz ukraine, with nebraska republican congressman adrian smith, texas democrat congressman marc veasey, democrc congressman brad sherman, and republic fa keen. join us on c-span, c-span now our free mobile app, or online at c-span.org. >> two years ago, democracy faced the biggest threat since the civil war. today, though bruise, our democracy remains unbowed and unbroken. >> thursdaye union address to outline his priorities for the country. watch our live coverage beginning at 8:00 p.m. eastern with our preview program followed by president biden's state of the union speech, then alabama senator katy britt will give the republican response and we'll get your reaction by
financial services committee. all coming up tonigh on c-span. >> c-span's "washington journal," a live forum involving you to discuss the latest issues in government, politics and public policy. from washington, d.c. anro coming up thursday morning, we'll discuss tomorrow's state of the union address, government funding deadlines, and conflicts in gaz ukraine, with nebraska republican congressman adrian smith, texas democrat congressman marc veasey, democrc congressman brad...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
powell appeared before the house financial services committee, the first stop on his two day tour of capitol hill and he pointed to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed's target and he reiterated that members are being careful not to mistep in either direction, whether that is cutting interest rates too soon or too little too late. he will have more to say in front of the senate banking committee on thursday. in other news making headlines, a former google software enginer has been indicted in california on charges of stealing trade secrets related to the compay�*s artificial intelligence technology. our asia business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. he was arrested at home in california charged counts of stealing on behalf of
powell appeared before the house financial services committee, the first stop on his two day tour of capitol hill and he pointed to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed's target and he reiterated that members are...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
powell appeared before the house financial services committee, the first stop in his two day tour of to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed's target. and he reiterated that members are being careful not to misstep in either direction, whether that's cutting interest rates too soon or too little too late. he'll have more to say in front of the senate banking committee on thursday. a former google software engineer has been charged in the us with stealing trade secrets about artificial intelligence while secretly working for two chinese companies. joao da silva in singapore has the details. it's a story that reads very much like a spy novel in the age of intensifying competition for al supremacy. according to the indictment, he was hired by google as a software engineer in 2019. a few years later, he alleged
powell appeared before the house financial services committee, the first stop in his two day tour of to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed's target. and he reiterated that members are being careful not to misstep in...
0
0.0
Mar 20, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
. >> next a discussion about the digital payment economy house financial services committee chair
. >> next a discussion about the digital payment economy house financial services committee chair
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
powell appeared before the house financial services committee, the first stop on his two—day tour ofd to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed's target and he reiterated that members are being careful not to mistep in either direction, whether that is cutting interest rates too soon or too little too late. he will have more to say in front of the senate banking committee on thursday. taylor swift is in the middle of a series of six concerts here in singapore and this morning we are looking at the pop icon's ripple effect on the economy, especially on smaller businesses. beyond travel and tourism, there's the beads, the buses and the beverages which are getting a swift lift. # look what you made me do, look what you made me do, look what you just made me do... these are some of our favourite songs or song lyr
powell appeared before the house financial services committee, the first stop on his two—day tour ofd to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed's target and he reiterated that members are being careful not to mistep...
0
0.0
Mar 6, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
financial services committeeive at 10:00 , c-span now our free mobile video app.puty administrator joined others to talk about the agency's mission and project management host bid the exchange monitor. this is about an hour.
financial services committeeive at 10:00 , c-span now our free mobile video app.puty administrator joined others to talk about the agency's mission and project management host bid the exchange monitor. this is about an hour.
0
0.0
tv
eye 0
favorite 0
quote 0
financial services committee un-aware at the moment of the stomach churning drop in the stock and bank may be fayettevilles a problem more anticipated and shutting down the emergency program and implemented a year ago as silicon valley bank collapsed taking down other regional bank withs it. ensuringly kidty if the bank -- insursuringly quitty and gold ad bitcoin at the moment in gustable slightly all time high and it made yesterday and up about 6% at the moment to $67,000 and gold recently hit an all time high as well and we got it here. let's fix that chart for you. we do have the yellow medal up about $10 to $2,152 a troy ounce. bitcoin billionaire mike and bing capital cochair steve here to assess all the breaking news and first wall street journal top fed journal and what bizarre timing that jay powell was before the house financial services committee had no idea what was happening with new york community bank stock and what do you think he learned and what would he have done with right after he finished testimony in q2? >> new york community banks problems well known for awhile n
financial services committee un-aware at the moment of the stomach churning drop in the stock and bank may be fayettevilles a problem more anticipated and shutting down the emergency program and implemented a year ago as silicon valley bank collapsed taking down other regional bank withs it. ensuringly kidty if the bank -- insursuringly quitty and gold ad bitcoin at the moment in gustable slightly all time high and it made yesterday and up about 6% at the moment to $67,000 and gold recently hit...
0
0.0
tv
eye 0
favorite 0
quote 0
financial services committee that happens today at 10:00 a.m. and tomorrow in front of the senate banking committee. were watching to see what he says about a rate cut lawmakers will question them on the handling of inflation and plans to raise bank capital requirements as well, we get the february adp number out this morning at 8:15 a.m. eastern this could be a market mover, 150,000 jobs added to the private sector in the month of february, then will get the january jolts report the number of job openings at 10:00 a.m. eastern followed by the january jobs report on friday by the labor department, joining me c-uppercase-letter out in chief strategist david could love. thank you for being here what are your expectations for jay powell this morning. >> i think he will come out a little bit more hawkish than he did in his last testimony he talked about three rate cuts in 2024 and i'm old enough to remember when we were at six or seven rate cuts for 2024 which was a few months ago but now were looking at rate cuts and originally going to start march
financial services committee that happens today at 10:00 a.m. and tomorrow in front of the senate banking committee. were watching to see what he says about a rate cut lawmakers will question them on the handling of inflation and plans to raise bank capital requirements as well, we get the february adp number out this morning at 8:15 a.m. eastern this could be a market mover, 150,000 jobs added to the private sector in the month of february, then will get the january jolts report the number of...
0
0.0
tv
eye 0
favorite 0
quote 0
financial services committee rate cuts are coming this year.ll testify once again in front of the senate banking committee right now. we will preview this morning, the house dodging a partial government shutdown after $460 billion funding bill, more stress on the banking sector as the new york community bancorp a new infusion of cash set to receive a billion-dollar investment, everything you need to know about the regionals and the impact on the broader market. european markets are lower, take a look at the eurozone a mixed story with the cat caught up six attacks and accept sexiness and p100 in london is lower by 17, the european central bank making the decision at 8:15 a.m. in asia overnight markets finish mostly lower, look at the asian embassies with the bright spot in korea, the others lowers lower across the board, biden delivers the third state of the union address amidst polls for the president as the majority of voters say they are disappointed with biden's handling of the economy and foreign policy. president trump says he's ready to
financial services committee rate cuts are coming this year.ll testify once again in front of the senate banking committee right now. we will preview this morning, the house dodging a partial government shutdown after $460 billion funding bill, more stress on the banking sector as the new york community bancorp a new infusion of cash set to receive a billion-dollar investment, everything you need to know about the regionals and the impact on the broader market. european markets are lower, take...
0
0.0
Mar 20, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
financial services committee.ything could be released to the four? >> i do. i think patrick has been an amazing job. by doing when you get any credit for statement of financial service committee, one of the reasons i've been able to dos f, patrick has been very helpful in helping me to maintain both theo because there's a sacrifice. i can't do everything you would normally do but he's allowed me to follow my passion and to thee about. he's got two pieces of legislation, he's got more, of the two that that i think are go find the way to the floor, the first one i believe is ready. his team has done an amazingingt with all of our members on the market structure bill for digital assets. great start. he's also got some stablecoins legislation that he's been working on with democrats inwhid that one, too. >> that when has got some work still needs be done. i think patrick would tell you that. but he's trying to find a way to make that work because look, this is all about the future of the dollar. it's that just about t
financial services committee.ything could be released to the four? >> i do. i think patrick has been an amazing job. by doing when you get any credit for statement of financial service committee, one of the reasons i've been able to dos f, patrick has been very helpful in helping me to maintain both theo because there's a sacrifice. i can't do everything you would normally do but he's allowed me to follow my passion and to thee about. he's got two pieces of legislation, he's got more, of...
0
0.0
tv
eye 0
favorite 0
quote 0
you're going to be speaking with jay today, he'll testify before the house financial services committeemorrow in front of the senate banking committee. what do you want to focus on with jay powell this morning? >> jay powell comes back to the hill this week, facing two big issues. first, the avalanche and tore os spending has made the fed's job of controlling inflation much tougher. the fiscal stimulus, the avalanche of spending has made it tougher for the fed to get interest rates in the position to lower them. it's higher than the fed's target. households confronted 17% higher prices than they faced under donald trump. so number one, that's going to get a lot of questions, is he going to lower rates. the job against inflation, the biden infl inpl inflation is no. the second point is the biden regulatory policy, trying to push the fed to increase regulatory costs on banks at the moment when they're trying to struggle with those high interest rates that were necessary to fight biden's inflation and nonperforming assets increasing in the commercial real estate sector and other sectors. s
you're going to be speaking with jay today, he'll testify before the house financial services committeemorrow in front of the senate banking committee. what do you want to focus on with jay powell this morning? >> jay powell comes back to the hill this week, facing two big issues. first, the avalanche and tore os spending has made the fed's job of controlling inflation much tougher. the fiscal stimulus, the avalanche of spending has made it tougher for the fed to get interest rates in the...
0
0.0
tv
eye 0
favorite 0
quote 0
wednesday, jay powell testifies before the house financial services committee, congressman byron donalds questions. thursday, mitch mcconnell announces his exit, senator marsha blackburn on who is coming in behind him. friday, our political power panel fact checks president biden's third state of the union younionaddress. it's all right here on "mornings with maria" " j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. moving forward with node-positive breast cancer is overwhelming. but i never just found my way; i made it. and did all i could to prevent recurrence. verzenio reduces the risk of recurrence of hr-positive, her2-negative, node-positive, early breast cancer with
wednesday, jay powell testifies before the house financial services committee, congressman byron donalds questions. thursday, mitch mcconnell announces his exit, senator marsha blackburn on who is coming in behind him. friday, our political power panel fact checks president biden's third state of the union younionaddress. it's all right here on "mornings with maria" " j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan...
0
0.0
Mar 19, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
financial services committee.y anything could be released to the four? >> i do.een an amazing job. by doing when you get any credit for statement of financial service committee, one of the reasons i've been able to do is make henry was truly my mentor when i first came to congress, patrick has been very helpful in helping me to maintain both jobs and do what you need to do because there's a sacrifice. i can't do everything you would normally do but hs allowed me to follow my passion and to the stuff that i'm really passionate about. he's got two pieces of legislation, he's got more, of thewo that a very intriguing to me that i think are going to find the way to the floor, the first one ieleady. his team has done an amazing job working not only themselves but with all of our members on the market structure bill for digital assets. hink that's a great start. he's also got some stablecoins legislation that he's been working on with d the white house disputed we noticed that one, too. >> that when has got some work st
financial services committee.y anything could be released to the four? >> i do.een an amazing job. by doing when you get any credit for statement of financial service committee, one of the reasons i've been able to do is make henry was truly my mentor when i first came to congress, patrick has been very helpful in helping me to maintain both jobs and do what you need to do because there's a sacrifice. i can't do everything you would normally do but hs allowed me to follow my passion and...
0
0.0
Mar 4, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
first on wednesday before the house financial services committee, then on thursday before the senate banking committee. also on thursday, watching president biden gives the annual state of the union addre before a joint session of congress to outline his priorities for the country. live on the c-span networks or on c-span now, our free mole video app. also head over to c-span.org for scheduling information or to watch live or on-demand any c-span is your unfiltered view of government. we are funded by these television companies and more, including>> do you think this a community center? it is way more than that. comcast is ping committee centers to create wi-fi enabled buildings so uden anything. >> comcast supports c-span as a public service along with these otr television providers, seat to democracy. on mondays, when congresslike e some time to look at the week aheadn an normal because there is a holland goingjoining us to taket is eric foley, congressional reporter with the hill newspaper. let's talk budget firsy9■. congrr short-term funding deal at the end of last week to buy th
first on wednesday before the house financial services committee, then on thursday before the senate banking committee. also on thursday, watching president biden gives the annual state of the union addre before a joint session of congress to outline his priorities for the country. live on the c-span networks or on c-span now, our free mole video app. also head over to c-span.org for scheduling information or to watch live or on-demand any c-span is your unfiltered view of government. we are...
0
0.0
Mar 4, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
financial services committee, then on thursday before the senate banking committee.so on thursday, watching c-span's live coverage as president biden gives the annual state of the union addre before a joint session of congress to outline his priorities for the country. live on theree moso head scheduling information or to watch live or on-demand any time.>> c-span is your unfiltered view of government. we are funded by these television companies and more, including
financial services committee, then on thursday before the senate banking committee.so on thursday, watching c-span's live coverage as president biden gives the annual state of the union addre before a joint session of congress to outline his priorities for the country. live on theree moso head scheduling information or to watch live or on-demand any time.>> c-span is your unfiltered view of government. we are funded by these television companies and more, including
0
0.0
Mar 5, 2024
03/24
by
CSPAN3
tv
eye 0
favorite 0
quote 0
see the house financial services committee live at 10:00 p.m. -- a.m. eastern. >>> two years ago, democracy faced its greatest threat in civil war in today although bruce democracy remains unbroken. >> there is a, president biden delivers the annual state of the union address during a joint session of congress to outline his priorities for the country. watch our live coverage beginning at 8:00 p.m. eastern with the preview program followed by president biden's state of the union speech. then alabama senator katie britt will give the republican response and we will get your reaction by taking your phone calls, texts, and social media comments. watch the state of the union address live thursday at 8:00 p.m. eastern on c-span. our free mobile video at four online at cspan.org. get informed straight from the source on c-span. unfiltered, unbiased, word for word from the nation's capitol to wherever you are because the opinion that matters the most is your own. this is what democracy looks like. >> the head of the faa reiterated to lawmakers that air safety
see the house financial services committee live at 10:00 p.m. -- a.m. eastern. >>> two years ago, democracy faced its greatest threat in civil war in today although bruce democracy remains unbroken. >> there is a, president biden delivers the annual state of the union address during a joint session of congress to outline his priorities for the country. watch our live coverage beginning at 8:00 p.m. eastern with the preview program followed by president biden's state of the union...
0
0.0
Mar 7, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
financial services committee, spoke about the collapses of silicon valley bank and signature bank last two of the largest bank failures in u.s. history. congressman mchenry discussed the role of the federal reserve and federal deposit insurance corporation bank regulation and risk management. thisookings institution. q3 david: good morning, everybody, i'm director of financialhere a. i'd like to welcome you to this event, both the people in the room and people watching remotely. our subject today is what lessons we have learned from the really interesting episodes of march, 2023. a year ago the global financial system sthiferred most significant banking stress since the global financial crisis of 2007-2008. as you all probably know, silicon valley bank failed prompting the fdic take it over in the middle of the day, couldn't even wait until the weekend, which is really unusual. it's tempting to see this as a one-off event. silicon valley was, for want of a better term, unusual. almost all its deposits were uninsured, it was woefully■; unprepared for an increase in interest rates, but i
financial services committee, spoke about the collapses of silicon valley bank and signature bank last two of the largest bank failures in u.s. history. congressman mchenry discussed the role of the federal reserve and federal deposit insurance corporation bank regulation and risk management. thisookings institution. q3 david: good morning, everybody, i'm director of financialhere a. i'd like to welcome you to this event, both the people in the room and people watching remotely. our subject...
0
0.0
Mar 4, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
see e house financial services committee live at 10 a.m.n now, or online at the. . -- at c-span.org. announcer: as president biden prepares for his state of the union address, c-span encourages you to express your opinion and engage. we want to know which issue is most important to you? >>one of the most important issues for me is the fentanyl crisis. also the mental health crisis that's going on in this nation. >> is jacob rountree. i do research in history and social theory. i think the most see discussed is the gains -- the threats that artificial intelligence poses to our civilization which might undermine our ability to have a fully employed economy and might threaten our my name is snyder, i'd like the president to close the border. we are getting too many people illegally and here. it is getting overwhelming and a lot of crime. >> i am aisha from new jersey. i would like to see the president address anything related to gaza and palestine. ow. it sucks to see ignorance and people
see e house financial services committee live at 10 a.m.n now, or online at the. . -- at c-span.org. announcer: as president biden prepares for his state of the union address, c-span encourages you to express your opinion and engage. we want to know which issue is most important to you? >>one of the most important issues for me is the fentanyl crisis. also the mental health crisis that's going on in this nation. >> is jacob rountree. i do research in history and social theory. i...
0
0.0
Mar 6, 2024
03/24
by
CSPAN3
tv
eye 0
favorite 0
quote 0
watch the house financial services committee tonight at 9:00 eastern, only on c-span. or, on c-span now, our mobile app, or online at c-span.org. >> if you ever miss any of c- span's coverage, you can find it anytime online at c- span.org. videos of key hearings, debates and other events feature markers that guide you to interesting and newsworthy highlights. these points of interest markers appear on the right- hand side of your screen when you hit play on select videos. this timeline makes it easy to get an idea of what was debated and decided in washington. scroll through and spend a few minutes on c-span's points of interest. >>> a healthy democracy doesn't just look like this, it looks like this, where citizens can see democracy at work. get informed straight from the source on c-span. unfiltered, unbiased, word for word, from the nation's capitol to wherever you are. because, the opinion that matters the most is your own. this is what democracy looks like. c-span powered by cable. >>> ceos from johnson & johnson, merck, and -- testify on the cost of prescription
watch the house financial services committee tonight at 9:00 eastern, only on c-span. or, on c-span now, our mobile app, or online at c-span.org. >> if you ever miss any of c- span's coverage, you can find it anytime online at c- span.org. videos of key hearings, debates and other events feature markers that guide you to interesting and newsworthy highlights. these points of interest markers appear on the right- hand side of your screen when you hit play on select videos. this timeline...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
powell appeared before the house financial services committee, the first stop on his two day tour ofthis year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed�*s target and he reiterated
powell appeared before the house financial services committee, the first stop on his two day tour ofthis year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed�*s target and he reiterated
0
0.0
Mar 26, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
gavel of the house financial services committee, congressman blaine luetkemeyer a former banker and long serving member of that committee and senator kyrsten sinema, a former member of the banking committee and a ladeals. we do not know what the fall election will bring. but the departures from congress and ongoing partisan divide make it even harder to assess the outlook for banking legislation moving forward. we remain hopeful, of course. and, we will continue to do our part to support members of congress and candidates in both parties to understand the critical role banking plays in our economy. now, with congress divided, the focus of the attention has shifted to the regulatory agencies. folks, the banking agencies have been busy. ight say too busy. i refer to this as a regulatory tsunami, a tidal wave of regulation that has crashed wn on the banking industry in recent months. we have seen a proposal to dramatically increase capital requirements that will limit already well-capitalized bank's ability to support the economy. proposal to slash the caps on debit card interchange limitin
gavel of the house financial services committee, congressman blaine luetkemeyer a former banker and long serving member of that committee and senator kyrsten sinema, a former member of the banking committee and a ladeals. we do not know what the fall election will bring. but the departures from congress and ongoing partisan divide make it even harder to assess the outlook for banking legislation moving forward. we remain hopeful, of course. and, we will continue to do our part to support...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
powell appeared before the house i appeared before the house financial services committee, the first 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed's target and he reiterated that members are being careful not to miss
powell appeared before the house i appeared before the house financial services committee, the first 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed's target and he reiterated that members are being careful not to miss
0
0.0
tv
eye 0
favorite 0
quote 0
services committee in the house.hank my guests this morning, great show, you guys. >> thank you, maria. >> thank you. maria: great to see you all. we will see you soon. see you again tomorrow, same time, same place. stu, take it away. stuart: good morning, everyone. it has been a i tumultuous 24 hours in politic the
services committee in the house.hank my guests this morning, great show, you guys. >> thank you, maria. >> thank you. maria: great to see you all. we will see you soon. see you again tomorrow, same time, same place. stu, take it away. stuart: good morning, everyone. it has been a i tumultuous 24 hours in politic the
0
0.0
Mar 29, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
florida congressman around house financial services committee member byron donalds is here, ahead of the football pce index, -- february pce index, reacting to why so many are unhappy with their fina finances. morgan ortagus and kevin o'leary will weigh in on all the top stories of the he day. that's coming up at the top of the hour. you're watching "mornings with maria" on this good friday. stay with us. ♪ if you have wet amd, you never want to lose sight of the things you love. some things should stand the test of time. long lasting eylea hd could significantly improve your vision and can help you go up to 4 months between treatments. if you have an eye infection, eye pain or redness, or allergies to eylea hd, don't use. eye injections like eyla hd may cause eye infection, separation of the retina, or rare but severe swelling of blood vessels in the eye. an increase in eye pressure has been seen. there's an uncommon risk of heart attack or stroke associated with blood clots. the most common side effects were blurred vision, cataract, corneal injury, and eye floaters. and there's st
florida congressman around house financial services committee member byron donalds is here, ahead of the football pce index, -- february pce index, reacting to why so many are unhappy with their fina finances. morgan ortagus and kevin o'leary will weigh in on all the top stories of the he day. that's coming up at the top of the hour. you're watching "mornings with maria" on this good friday. stay with us. ♪ if you have wet amd, you never want to lose sight of the things you love....
0
0.0
tv
eye 0
favorite 0
quote 0
at this hearing powell is telling lawmakers on the house financial services committee that data is lookinghe dangers of cutting rates too quickly, would like to see more. with the high points he's making note of that housing services inflation a.k.a. rent is coming down, goods prices are too and he says he feels good about achieving a soft landing. >> no reason to think the us economy is in short-term risk of falling into recession. having said that, there's always a problem, a possibility, meaningful possibility that economy will fall into recession. i don't think that possibilities elevated at the current time. >> reporter: patrick mchenry asked powell how much rate cutting we will see this year. powell's answer is noncommittal as always, depends on the path of the economy. wall street not expecting cuts in march. everyone in addition to the march meeting, four more opportunity before the election. powell facing pressure from both sides of the aisle but the fed does not want interest rate decisions to come across as politically motivated. we will see what happens. neil: they can move bet
at this hearing powell is telling lawmakers on the house financial services committee that data is lookinghe dangers of cutting rates too quickly, would like to see more. with the high points he's making note of that housing services inflation a.k.a. rent is coming down, goods prices are too and he says he feels good about achieving a soft landing. >> no reason to think the us economy is in short-term risk of falling into recession. having said that, there's always a problem, a...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
you even told the house financial services committee that you think it is very plausible that you withdraw the role. as one analyst put it, i don't think they will pass a final rule without powell support suggesting the rules will have to be weakened to appease powell. i am having trouble reconciling the statements you made last year which you say you hold onto, statements you made when the headlines were all about three giant bank failures and now you are reporting efforts to quietly we could rules that would strike that the capital standards for diabetics and prevent more big failures. are you committed to finalizing the strongest version of the basel three capital rules this year? chair powell: let me first say we have taken and are taking many more steps to deal with the problems that revealed themselves with silicon valley bank around supervision, strong liquidity. >> i'm just asking about the basel three roles. chair powell: the basel three roles are not directly related to silicon valley bank. they are a longer run thing and i would just say, we put them out for comment. we put them
you even told the house financial services committee that you think it is very plausible that you withdraw the role. as one analyst put it, i don't think they will pass a final rule without powell support suggesting the rules will have to be weakened to appease powell. i am having trouble reconciling the statements you made last year which you say you hold onto, statements you made when the headlines were all about three giant bank failures and now you are reporting efforts to quietly we could...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
powell - appeared before the house financial services committee, the first up in his two—day tour ofg without significantly increasing unemployment. but while rate cuts are likely this year he said that the fed is looking for more evidence that inflation is falling sustainably back down to the feds target, and he reiterated fed's target, and he reiterated that members are being careful not to miss step in either direction, whether that is cutting interest rates too soon, or too little, too late. we will have more to say in front of the senate banking committee on thursday. erin delmore there. _ finally, today is world book day, a global celebration of books and reading. last year's event provided a 30%jump in book sales here in the uk, and the boost is much needed, with fewer than half of uk kids saying they enjoy reading, in a recent survey. they are pointing the finger at parents who fail to set an example, telling kids to read while scrolling their phones. guilty as charged! cassie chadderton is chief executive of world book day. good morning to you. firstly, do you have children?
powell - appeared before the house financial services committee, the first up in his two—day tour ofg without significantly increasing unemployment. but while rate cuts are likely this year he said that the fed is looking for more evidence that inflation is falling sustainably back down to the feds target, and he reiterated fed's target, and he reiterated that members are being careful not to miss step in either direction, whether that is cutting interest rates too soon, or too little, too...
0
0.0
tv
eye 0
favorite 0
quote 0
financial services committee wednesday the senate banking committee thursday this is the annual humphrey-hawkinstimony lawmakers will ask him about, the central bank handling of inflation whether or not cutting interest rates, plans to raise bank capital requirement a big subject as well we had a big week with of jobs data february adp january jolts number on wednesday, followed by important labor department report friday ceo of crossmark chief investment officer bob doll welcome back thank you. good morning. >> what are you expecting from the fed, first talk about jay powell, what do you think he is going to be messaging to congress wednesday and thursday? >> look maria going to walk that fine line too soon to think about cutting rates inflation we've got a couple bad newborns cpi, ppi a couple weeks ago, so he is going to walk that fine line to say we done a lot of work inflation has come down not red to cut because we need more signs heading toward 2% number we target i don't think we get to 2% that is a whole 'nother story. >> sounds present given where we are right bob? look, you've got an
financial services committee wednesday the senate banking committee thursday this is the annual humphrey-hawkinstimony lawmakers will ask him about, the central bank handling of inflation whether or not cutting interest rates, plans to raise bank capital requirement a big subject as well we had a big week with of jobs data february adp january jolts number on wednesday, followed by important labor department report friday ceo of crossmark chief investment officer bob doll welcome back thank...
0
0.0
Mar 20, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
. >> next, a discussion about the digital payment economy with house financial services committee chair patrick mchenry and others. they t digital payment trends, how small businesses rely on these payments and combating fraud. this is hosted by punch bowl news. it runs just over an hour. hour. >> good morning, everyone. thank you so much for joining us. myam c.e.o. and one of the founders of punch bowl news. we're thrilled to be here this morning, to be having a very■% important conversation about the digital payment ecosystem. this is a half day summit that is in partnership with mastercard. i want t our team at punch bowl news as well as the mastercard team for pulling this together. what a great group of speakers as well ak encourage you to test out their wares throughout the morning. we have food over here. here. subscribers the fault the header invoice invite only copies that shouldn't have jasmine and dario about that.uld chat with you and, in a d.c. weight i would to thank c-span for joining us this morning it is their 45th niversary. that is a big deal for us to have them here
. >> next, a discussion about the digital payment economy with house financial services committee chair patrick mchenry and others. they t digital payment trends, how small businesses rely on these payments and combating fraud. this is hosted by punch bowl news. it runs just over an hour. hour. >> good morning, everyone. thank you so much for joining us. myam c.e.o. and one of the founders of punch bowl news. we're thrilled to be here this morning, to be having a very■% important...
0
0.0
Mar 9, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
financial services committee. he serves as acting speaker. this is wrapping up his tenth n congress representing california -- north carolina's tenth district. >> ten r chairman of financial servicesse committee, acting speaker and now this is your -- you will be not be standing for reelection. now we can tell it like it is. dhat for a while. >> everybody says well because you're not running for reelection. >> no no. it's true, so i mean, you have an amazing reputation for being a straight shooter in a town that's getting -- some would argue more crooked as time goes on. so let's -- let's start right with the real question. a year ago we had a bunch of banks failing and the governmentt, treasury, the fdic, the fed broke the glass, rang the alarm bell some risk authority some would say bail out on insurance depositors. did they do the wrongdi thing? >> there's two elements in the moment of crisis and the other is what comes thereafter. two elements. the n the first i calmed the crisis and the second not so good so
financial services committee. he serves as acting speaker. this is wrapping up his tenth n congress representing california -- north carolina's tenth district. >> ten r chairman of financial servicesse committee, acting speaker and now this is your -- you will be not be standing for reelection. now we can tell it like it is. dhat for a while. >> everybody says well because you're not running for reelection. >> no no. it's true, so i mean, you have an amazing reputation for...
0
0.0
Mar 22, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
financial services committee due to the committee's jurisdiction over foreign that is located withinchallenging aspects is the tension of two■l widely shared goals of protecting our national security while fostering an economic environmt. congress has struck reforms. most notably, 2007 and in 2017. today i invite you to join me to our panel friends in that your s the correct balance between national security while allowing the national investmentn our economy, let's cut straight to the chase. >> well, we have to keep our that has been sustained since president carter on through now. one of the greatest strengths we have is the investment we get a. trade is very important. that said, as you know, sir,■: oversight capacity there are serious national security issues that are drawn and chinese actors have been interesting in the way that ey found vulnerability not only in our laws and the gaps and their capabilities to use nephariously third party actors and gain access to places where we have the needs in terms of our national security. the great balance to continue with our open invest
financial services committee due to the committee's jurisdiction over foreign that is located withinchallenging aspects is the tension of two■l widely shared goals of protecting our national security while fostering an economic environmt. congress has struck reforms. most notably, 2007 and in 2017. today i invite you to join me to our panel friends in that your s the correct balance between national security while allowing the national investmentn our economy, let's cut straight to the chase....
0
0.0
Mar 23, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
financial services committee due to the committee's jurisdiction over foreign investment or cfius that is located within treasury. one of the most challenging aspects is the tension of two widely shared goals of protecting our national security while fostering an economic environment. congress has struck reforms. most notably, 2007 and in 2017. today i invite you to join me to our panel friends in that discussion. from your view point what is the correct balance between national security while allowing the national investment in our economy, let's cut straight to the chase. >> well, we have to keep our open investment policy that has been sustained since president carter on through now. one of the greatest strengths we have is the investment we get from abroad. trade is very important. that said, as you know, sir oversight capacity there are serious national security issues that are drawn and chinese actors have been interesting in the way that they have found vulnerability not only in our laws and the gaps and their capabilities to use nephariously third party actors and gain access t
financial services committee due to the committee's jurisdiction over foreign investment or cfius that is located within treasury. one of the most challenging aspects is the tension of two widely shared goals of protecting our national security while fostering an economic environment. congress has struck reforms. most notably, 2007 and in 2017. today i invite you to join me to our panel friends in that discussion. from your view point what is the correct balance between national security while...
0
0.0
Mar 26, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
joining me tennessee congressman andy ogles and member of the house financial services committee in thenk you very much for being here this morning. what is your expectation when you come back from recess in terms of the business at hand. >> there is a lot of pressure to put something forward on ukr ukraine. i would argue that secure our border before we secure another countries border, that has been the promise and that everyone has said we should die on, it's an 85% issue, our southern border we have fentanyl coming across the border and we talked about this ad nauseam and we don't seem to do anything about it we know we have here is coming across our southern border, why are we talking about ukraine not our own country? maria: is a great point and people want to understand why the republicans have had no luck securing the border, why? >> obviously we have an administration that is willfully allowing people to come into this country any time they ask for more money for the quote unquote border and imagine you're at the grocery store in the checkout line and the line is backing up with
joining me tennessee congressman andy ogles and member of the house financial services committee in thenk you very much for being here this morning. what is your expectation when you come back from recess in terms of the business at hand. >> there is a lot of pressure to put something forward on ukr ukraine. i would argue that secure our border before we secure another countries border, that has been the promise and that everyone has said we should die on, it's an 85% issue, our southern...
0
0.0
Mar 6, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
financial services committee at 10:00 a.m.rn time today, this testimony coming on the heels of the growing course of comments from other fed officials making remarks. vice chair warned late last month of easing too much also governor christopher waller who says there's no rush to begin cutting interest rates to normalize monetary policy. joining me now with someone who's been in the room, roger ferguson you're also a cnbc contributor it's great to have you here on a morning like this. >> great nice to be here with you. >> give us a sense take us into the room. what are your expectations for his testimony on capitol hill today. do you believe he'll deviate at all from what he said during the last fomc meeting and what we're hearing recently we're just hearing from fed officials. >> i think he'll stick to what he's heard from his colleagues i think he's going to reinforce the no rush to cut message which was being delivered by many for a variety of good reasons. i think he likes the way the market is probably set up right now, e
financial services committee at 10:00 a.m.rn time today, this testimony coming on the heels of the growing course of comments from other fed officials making remarks. vice chair warned late last month of easing too much also governor christopher waller who says there's no rush to begin cutting interest rates to normalize monetary policy. joining me now with someone who's been in the room, roger ferguson you're also a cnbc contributor it's great to have you here on a morning like this. >>...
0
0.0
Mar 6, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
watch the house financial services committee hearing tonight at 9:00 eastern on c-span.ee phoebld video app, or online at c-span.org. >> a healthy democrat steu doesn't just look like -- democracy doesn't just look like this, it looks where americans can see democracy at work. when citizens are truly informed, our republic thrives. germed straight from the source. on c-span. unfiltered, unbiased, word for word. from the nation's capital to wherever you are. because the opinion that matters the most is your own. this is what democracy looks like. c-span, powered by cable. >> as president biden prepares for his state of the union address, c-span encourages you to opinions. we want to know which issue is most important to you as the president's state of the union address approaches >> my name is julia from vermont. during the 2001 i would love to hear the president address our unity as a country. i think it's very important topichat spans multiple issues. in all states in the u.s. there are issues with unity and coming together as a nation to make us stronger and >> my name
watch the house financial services committee hearing tonight at 9:00 eastern on c-span.ee phoebld video app, or online at c-span.org. >> a healthy democrat steu doesn't just look like -- democracy doesn't just look like this, it looks where americans can see democracy at work. when citizens are truly informed, our republic thrives. germed straight from the source. on c-span. unfiltered, unbiased, word for word. from the nation's capital to wherever you are. because the opinion that...
0
0.0
Mar 20, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
. >> next a discussion about the digital payment economy house financial services committee chair patrick mchenry and others r payment trends, how small businesses rely on these payments. in combating fraud this is hosted by punch bowl news it runs just over an >> good morning everyone. thank you so much for joining us. my name is ana palmer i'm ceo at one of the founders of punch bowl news. we're thrilled to be her this morning to have a very importanl payment ecosystem. this is a half base some of this in partnership with mastercard. i want to thank well for pulling this together. what a great group of speakers really encourage you to check out their wares. purchase throughout the morning minutewe've got food over here. going to thank alsubscribers thr invoice invite only copies that shouldn't have jasmine and dario here who could chat with you about that. and, in a d.c. weight i would to thank c-span for joining us this morning it is their 45th anniversary. that is a big deal for us to have them here with us this morning. washington certainly change would c-span started showcasing the
. >> next a discussion about the digital payment economy house financial services committee chair patrick mchenry and others r payment trends, how small businesses rely on these payments. in combating fraud this is hosted by punch bowl news it runs just over an >> good morning everyone. thank you so much for joining us. my name is ana palmer i'm ceo at one of the founders of punch bowl news. we're thrilled to be her this morning to have a very importanl payment ecosystem. this is a...
0
0.0
Mar 9, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
financial services committee but was massachusetts famous when they was interim speaker, he was the guy with the bow tie who smield broadly when he finally got relieved of that great job of being speaker of the house. and aaron is going to moderate a that on resolution, the dodd-frank act told us we weren't going to have to have a mores rekeufs bank because we set up a resolution to avoid this, it wasn't invoked for various reasons. so what have we learned about resolving? re-- about resolving failed banks? his panel will be jared banks garycon., fo economic council and vice chair of i.b.m. and alexa filo, senior policycans for financial reform priestly worked for deutsche bank and u.b.s. and was for 13 years a bank examiner. she can tell us works and why they miss these things. what we're going to do, i'm going to to ask tobias first to talk about bank supervision and what we learned about bank supervision and its weaknesses in the recent, or the year-ago tobias: david, thanks for hosting this event and thanks for brookings staff to organize. so the one-year anniversary for what we
financial services committee but was massachusetts famous when they was interim speaker, he was the guy with the bow tie who smield broadly when he finally got relieved of that great job of being speaker of the house. and aaron is going to moderate a that on resolution, the dodd-frank act told us we weren't going to have to have a mores rekeufs bank because we set up a resolution to avoid this, it wasn't invoked for various reasons. so what have we learned about resolving? re-- about resolving...
0
0.0
Mar 6, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> fed chair jerome powell on the hill before the house financial services committee with a more dumpyted
. >>> fed chair jerome powell on the hill before the house financial services committee with a more dumpyted
0
0.0
Mar 7, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
you even told the house financial services committee representatives yesterday that you think it's, quotey plausible, close quote, that you withdraw the rule. as one analyst put it, i don't think they will they won't pass a final rule without powell's support, suggesting that the rules will have to be appease p. chair powell, i'm having trouble reconciling the statement you made last year, which you say you hold on to, statements you made when the headlines were all about three giant bank failures, and now your reported efforts to quietly weaken the rules that would strengthen capital standards for giant banks and prevent more bank failures. let me just give you a chance to clarify the record here. are you committed to finalizing the strongest version of the basil three capital rules this year? chair powell: let me first say that we have taken and are taking many more steps to deal with the problems that revealed themselves at silicon valley bank. that's around supervision -- senator warren: i'm asking about the basil three rules. chair powell: basil three rules are not directly related.
you even told the house financial services committee representatives yesterday that you think it's, quotey plausible, close quote, that you withdraw the rule. as one analyst put it, i don't think they will they won't pass a final rule without powell's support, suggesting that the rules will have to be appease p. chair powell, i'm having trouble reconciling the statement you made last year, which you say you hold on to, statements you made when the headlines were all about three giant bank...
0
0.0
Mar 6, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
financial services committeeive at 10:00 , c-span now our free mobile video app. the deputy administrator joined others to talk about the agency's mission and project management host bid the exchange monitor. this is about an hour. >> good morning, eve if you'll take your seats, we will go ahead and get started. welcome to day 3 of the nuclear deterrence summit. i'm brian, vice president and group pli monitor newsletters and conferences. as with the past two days we have a great lineup of speakers and paneli before we get started i just want to go over a few housekeeping items here on our last day. first the safety moment, reminder to those who have been here the last couple of days that the announcement really for some of the new guests this morning. should there be any kind of emergency or alarm that causes us to evacuate the building, please exit the doors to your right, my leftnd up the escalators that you came down on, get up to the lobby level, take an immediate right out the doors to the north■■ safel acrs the street to the park area, that's our muster poin
financial services committeeive at 10:00 , c-span now our free mobile video app. the deputy administrator joined others to talk about the agency's mission and project management host bid the exchange monitor. this is about an hour. >> good morning, eve if you'll take your seats, we will go ahead and get started. welcome to day 3 of the nuclear deterrence summit. i'm brian, vice president and group pli monitor newsletters and conferences. as with the past two days we have a great lineup of...
0
0.0
tv
eye 0
favorite 0
quote 0
financial services committee and the senate banking on thursday in his annual testimony, the yield ise ten year at 4.18% that is down to nap basis points, the lawmakers question will likely focus on the central bank handling of inflation on whether or not they will cut interest rates and on the bank requirements what are you expecting? >> i'm not expecting too much that's expected from the fed we have to remember that economy was strong for number of years and they kept rates near 0, why do we think and they economy begins to slow they will ease immediately there is no correlation so i think investors got ahead of themselves in 202030 expecting a massive rhonda rate cuts and it's not happening now. yesterday we heard it might not happen in one or two cuts this year end why would they be aggressive we have sub 4% unemployment and wage growth over 4% the fed has never cut and the environment and initiated a rate cut cycle. think investors need to pay back expectations and maybe level for longer and it can still be reasonable for stock and bond investors. maria: a great point, jumping we
financial services committee and the senate banking on thursday in his annual testimony, the yield ise ten year at 4.18% that is down to nap basis points, the lawmakers question will likely focus on the central bank handling of inflation on whether or not they will cut interest rates and on the bank requirements what are you expecting? >> i'm not expecting too much that's expected from the fed we have to remember that economy was strong for number of years and they kept rates near 0, why...
0
0.0
Mar 7, 2024
03/24
by
FOXNEWSW
tv
eye 0
favorite 0
quote 0
services committee today, he made the remarks yesterday, he indicated that rate cuts could be coming this year. while he said they are not immediately ready to start cutting rates, they are starting to see signs with inflation, they might be able to cut the rates. the market is clearly cheering that on with these new record highs. we'll keep watching that. meanwhile this. >> these brazen, heinous attacks on our subway system will not be tolerated. >> john: new york governor hochul deploying the national guard in the subway to combat crime. remember when senator tom cotton suggested that four years ago, the media made him a pariah for even suggesting it. his reaction this hour. >> sandra: and we expect president biden to blame the border crisis on congressional republicans like congresswoman elise stefanik, bringing a border patrol agent with her as her guest tonight. she'll join us live next. the ti. people tell me they'd love to buy gold. but because it's gold - they think it must be complicated. it isn't. not with rosland capital. with rosland... the entire process from start to fi
services committee today, he made the remarks yesterday, he indicated that rate cuts could be coming this year. while he said they are not immediately ready to start cutting rates, they are starting to see signs with inflation, they might be able to cut the rates. the market is clearly cheering that on with these new record highs. we'll keep watching that. meanwhile this. >> these brazen, heinous attacks on our subway system will not be tolerated. >> john: new york governor hochul...
0
0.0
tv
eye 0
favorite 0
quote 0
powell is set to testify in front of the house financial services committee about the state of our economyd remain higher for longer. the con looks pretty strong. you should buy company with products that people are crazy for. you find stocks that do that. we have a chief investment officer of shine wealth management, robert schein. figure out the who makes them and figure out the stock behind them and buy them? >> the late great charlie monger, warren buffett diversify with american businesses. weight loss craze, look at companies like eli lilly, it is the new nvidia of pharmaceuticals. it could be a soon a one trillion dollar market cap because of that. liz: the stock is on sale today. >> so is all the market. liz: for eli lilly and say amazon because of prime,. >> strong, prime, everything else. liz: people love that. berkshire hathaway which owns0 plus businesses among them, things people love -- 70 businesses about. fruit of the loom, justin boots or dairy queen. >> keep in mind markets are down. we have a war chest for $170 million, for berkshire hathaway he can go shopping if he nee
powell is set to testify in front of the house financial services committee about the state of our economyd remain higher for longer. the con looks pretty strong. you should buy company with products that people are crazy for. you find stocks that do that. we have a chief investment officer of shine wealth management, robert schein. figure out the who makes them and figure out the stock behind them and buy them? >> the late great charlie monger, warren buffett diversify with american...
0
0.0
Mar 6, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
financial services committee reiterating that he expects interest rates to come down this year, but isn't ready yet to say just when. steve liesman is here with more on those details day one of the testimony formally known as humphrey hawkins. what did we learn headline wise, steve? >> i think the headline is the federal reserve is -- the chair sees the economy continuing to remain strong, sees the labor market continuing to be strong, as well. but also he sees inflation coming down, and this that context, he said that he's -- he believes that interest rates can come down significantly over the next several years not just this year, but also next year. he also, i would say, dom, put the bar not as high as maybe we thought it was he said they're just looking for a bit more evidence that inflation is continuing to come down and also in that context, we're looking for better inflation readings -- not better inflation readings than we have had, just the same ones we've had. i don't know if we have that bite, if we could run it, guys if not, i think i'll just paraphrase it, dom >> okay.
financial services committee reiterating that he expects interest rates to come down this year, but isn't ready yet to say just when. steve liesman is here with more on those details day one of the testimony formally known as humphrey hawkins. what did we learn headline wise, steve? >> i think the headline is the federal reserve is -- the chair sees the economy continuing to remain strong, sees the labor market continuing to be strong, as well. but also he sees inflation coming down, and...
133
133
tv
eye 133
favorite 0
quote 1
financial services committee on wednesday and senate banking committee on thursday.andling of inflation and plans to raise capital requirement as well as plans to cut interest rates, mark. what do you think is going to be said at this humphrey hawk o hus testimony. >> inflationary data has not been fantastic. if you look at the year over year numbers, yeah, they seem to be trending lower but i mean, 0.4% month over month, that's a high number. and that equates to 4.8% over the course of a year on a run rate basis which is over twice the fed's target so it looks like it would be very, very difficult for the fed to cut rates. do i think it will be a market mover? interestingly enough, maria, we came into this year expecting, what, six and-a-half to seven rate cuts this. year.maria: that was fantasy. >> we're down to three and-a-half and the market is up 7 and-a-half percent. the market has done a good job of shrugging that stuff off and instead focusing on a.i. and the glp-1 drugs like ozempic. that's what's keeping the market going. when you look at the market's perfo
financial services committee on wednesday and senate banking committee on thursday.andling of inflation and plans to raise capital requirement as well as plans to cut interest rates, mark. what do you think is going to be said at this humphrey hawk o hus testimony. >> inflationary data has not been fantastic. if you look at the year over year numbers, yeah, they seem to be trending lower but i mean, 0.4% month over month, that's a high number. and that equates to 4.8% over the course of a...
0
0.0
Mar 5, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
in front of the humphry hawkins as we used to call it, house financial services committee tomorrow, senatettee the following day, the markets are giving him a weak i equity market and frothy treasury market. 10:00 eastern, what was going on, 2, 10 and 30s minus 6.2% on the updated durable goods, biggest month over month drop in nearly four years. transportation, down .4 biggest monthly drop in nine months. then ism services, your employment index. by the way we have two employment numbers this week drops back below 50. all of this, of course, you can see on the charts at 10:00 eastern, any maturity they all move lower. but here is something fascinating. last year the first leg of humphry hawkins, house financial services side was on march 8th. but let's go back three or four weeks and look at the chart. this is a two-year. you see that huge drop. that was 3/8, the day of humphry hawkins last year. it had a huge effect on 2 year note yields. let's keep that same date and go down the yield curve. here is a 10-year, much smaller move. 10-year yields at that point in time were basically tradin
in front of the humphry hawkins as we used to call it, house financial services committee tomorrow, senatettee the following day, the markets are giving him a weak i equity market and frothy treasury market. 10:00 eastern, what was going on, 2, 10 and 30s minus 6.2% on the updated durable goods, biggest month over month drop in nearly four years. transportation, down .4 biggest monthly drop in nine months. then ism services, your employment index. by the way we have two employment numbers this...