janet yellen is speaking right now at the imf. we will go to her when she begins her q and a portion. the s&p 500 off by 1.7%, the nasdaq losing 2.2%. this is bloomberg. ♪ >> it shouldn't be surprising what's going on in the markets. i am surprised every time i see someone on tv is surprised by it. we had zero interest rates for a decade, massive stimulus, the first land war in europe in 70 years, the highest inflation in 40 years, and the fed had to move. scarlet: that was james gorman, ceo and chairman of morgan stanley. james gorman speaking earlier on the earnings call along with citi and jp morgan. let's get more on the overall bank earnings picture. office stephen biggar -- also with us . what is the big takeaway? sonali: you have the stocks of jp morgan, citigroup higher on the day, two are up more than 4%, showing you the boost in net income is staving off a few worries given the you are seeing some provisioning for loan losses tick higher. jamie dimon said if the economic environment were to get worse, those provisions ca

i go one-on-one with treasury secretary janet yellen. we talk about inflation, the economy and the financial crisis in the uk. and then, the grades are in and they are not good. historic setbacks in schools across the country after covid. we search for solutions as the 11th hour gets underway on this monday night. good evening once again, i am stephanie ruhle. this is the final two weeks before election day and both parties have started a full court press for messaging what's at stake. earlier today president biden told democrats that his agenda is on the line. >> we just have 15 days until one of the most important elections in our lifetime. the choice could not be clearer. the stakes could not be higher. >> voting is now underway in several states, nbc news reports that nearly 8 million people have already cast their votes, either in person or by mail. meanwhile, new cnn polling shows that a extremely tight race for governor in wisconsin. while democrats have pulled ahead in michigan and pennsylvania. new reporting shows the former pre

. >> please welcome treasury secretary janet yellen. >> thank you very much, everyone for joining us today. since january of last year, the biden-harris administration has made racial equity a central piece of our economic agenda. advancing racial equity is not just a moral priority, it is also vital to our economic success. led by president biden and vice president harris, our efforts to build a fairer economy with their economic recovery, we know that communities of color were hit hardest by the pandemic. in reaching and supporting these communities, this core priority and our implementation of the american rescue plan, 2.5 years into the pandemic, data indicates our recovery has been historically equitable with record drops in the unemployment rate for many communities of color. it's not enough to help families simply recover. together, we are also building a stronger and more inclusive post-pandemic economy. investing in disadvantaged communities has far-reaching effects beyond the communities themselves. it can offer high returns on investments in used economic return. the trife

and with that i want to thank treasury secretary janet yellen, chair rows.hank you both very much for this fun conversation. [applause] >>

. >> next, treasury secretary janet yellen participating in a forum on the u.s. economy. cecilia rouse also joining the conversation. . >> thank you for joining us, 2022 freedman's bank forum and now, please welcome u.s. treasury secretary of staff. >> good morning, everyone. you can feel the excitement in the air. thank you for joining us at the treasury. two months before the end of the civil war, senator charles sumner championed the bill to create freedman's savings bank. the objective of the bank was clear. a savings bank institution created for former slaves and their descendants. as frederick douglas, who later led the bank said, the mission of fieldman's bank is to show our people the -- of wealth and beg being of the world. president lincoln signed it into law a few weeks before his death. the bank grew quickly. opening in 38 branches across 16 states yet all of us know the legacy of fieldman's bank is one of tragedy. overwhelmed by the panic of 18 3 combined with mismanagement, a general loss of trust in the institution and a systemic failure to invest in former

yesterday cnn's phil mattingly sat down with the treasury secretary, janet yellen, who said this. >> this point. >> seeing the third quarter gdp report, john, is she right? >> she's right in the sense there's nothing in the report itself that screams of a recession, but i do think if you start looking underneath the hood a little bit, particularly at where that growth has come from in the third quarter, largely from exports. i do see many signs that the global economy is weakening. if you look at china, if you look at asia. the sentiment weighed down across all of the markets. i think it will ultimately have some negative spillover effects on be the u.s. economy. >> i think the scorecard, i'm paraphrasing phil mattingly, the scorecard they're trying to give is all correct but it doesn't match the mood of the electorate. the mood is very inflation focused. people don't feel great about the economy. >> that's exactly right. consumer sentiment here. we're in consult. the other thing to note is inflation expectations also remain elevated so folks continue to expect high levels of inflati

i want to turn now -- we have schmail -- we have prime minister schmail and janet yellen and the u.s. has been a strong supporter and we had been able to disperse $8.5 billion of u.s. money plus other nations to reach the immediate needs of ukraine during this crisis. we have had discussions already this morning on additional steps that can be taken over the coming weeks and months. let me turn to krista lena and others and prime minister schmail. >> prime minister, are you on the line? did we --? president zelenskyy, >> here he is. >> good to see you, welcome . >> prime minister, go ahead. >> to ladies and gentlemen, russia carries out [indiscernible] as president zelenskyy said, hundreds of rockets damaged infrastructure and children's playgrounds and public transport. -- ministers lady is -- ladies and gentlemen --[indiscernible] as president zelenskyy and -- drones have damaged infrastructure and children playgrounds and public transport stops. 134 wounded 90 killed. the purpose of this is the desire to put ukraine on -- in this regard our response must be fast in this decision. m

ha does janet yellen think?they had. she thinks we're in significantly better shape than two years ago. however she's clear and knows we're not out of the woods and while things are looking positive it's not over. she can only do so much but she talked about the fed. watch this. >> i have confidence that inflation will come down over the next year or two, so i believe that what they're doing will work. >> do you believe its peaked? >> i'm not positive. i don't want to forecast month by month inflation numbers. the month recent data suggests we still have inflation that's unacceptably high, but there are good indications earlier in the pipeline that inflation will come down. >> compare us to the rest of the world we're doing well, but the midterms are two weeks away and lot of the things that the biden administration has done really good things, on infrastructure, on infrastructure spending and the inflation reduction act, last week being able to buy hearing aids over the counter, huge positives, but a lot of thi

treasury secretary janet yellen has cautioned stressors in the global economy could disrupt the u.s. m. yellen says the role faces a dangerous and volatile environment and risks to financial stability could materialize. she says now banks are well-capitalized with corporate balance sheets in good shape. vietnam's central bank has surprised the second rate hike. the decision comes a week after the state bank of vietnam widened as its untoward record low. officials pledged to intervene to me -- to me too dollar demands. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn, this is bloomberg. shery: coming up, at a brazil's runoff presidential election, we look at where the candidates stand on climate policy and what the outcome could mean for the fight against global warming. this is bloomberg. ♪ shery: two candidates representing opposite ends of the political spectrum. let's look at how those possible outcomes will impact climate policy, especially concerning the amazon forest.

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treasury secretary janet yellen says inflation has stopped around the world and economic growth is slowingdiscussed the nation's economy and the global economic outlook. capping the price of russian go -- oil and providing additional funding to ukraine and lower income countries.

in a few minutes, you'll hear from janet yellen on the state of the u.s. markets as recession fears kaes late around the world we begin with the talk of the tape today may as well be the tale of the tape concerning headlines out of the uk regarding the bond market mess there it only underscores the still growing risks in thi

eastern, treasury secretary janet yellen will hold a press conference of the annual international monetary fund and world bank meetings being held in washington, d.c. at 230 p.m., liz cheney, vice chair of the january 6 committee talks about the constitution and defending democracy. she will speak at the university of notre dame and you can watch live coverage on the free c-span now video app or online at www.c-span.org. >> c-span's campaign 2022 coverage of the midterm elections continues with candidate debates ound the country. beginning live tonight at eight p.m. eastern, from wisconsin, the incumbent democratic governor will face his alnger. at 9 p.m., the democratic congressman peter welch and republican gerald malloy debate for the open senate seat in vermont and it 10:00 p.m., incumbent colorado governor faces his republican challenger. don't miss a single election moment on c-span and take it -- and take us with you on the go with c-span now and be sure to visit www.c-span.org/campaign 2022, your website for all our midterm election coverage on demand. c-span, your unfiltered view

ask you about janet yellen, seems like she is the wild card.eard more from her the last couple days. heard more from her last week. maybe she is trying to provide cover if the fed makes adjustments. >> i am not seeing the fed stepping down, that is not pivot but step down. that means they will hike 75 basis points at the next meeting on november 2nd. then they will hike 50, 25, on the way to zero. while that doesn't sound like a lot, the market is excited that is a signal that the fed is starting to turn. all year the fed has made the case that they need a reverse wealth effect. they need people to demand less because their portfolios are no longer making them money. we saw this in the summer when the stock market rallied 17%. jay powell gave an unemphatic eight minute speech at jackson hole saying i am not going to pivot. that is the word we were using then. the market fell apart right after that. i don't see anything that suggests that the fed is going to turn, at least in start to say now it is okay for us to back off, it is okay if the stoc

treasury secretary janet yellen has proposed changes for the world bank and regional development bankve beyond country-specific loans. the changes look to address a slow of private capital to emerging economies. janet yellen endorsed the notion that multilateral government bags can substantially increase lending without substantially increasing risk. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. ♪ shery: coming up, as we look ahead to china's 20th communist party congress, we talked to human rights watch about how the landscape for lgbtq plus life is changed during xi jinping's decade in power. this is bloomberg. ♪ shery: in the lead up to the chinese party congress, bloomberg equality focuses on lgbtq rights in china, were read him has come under increasing pressure. what does president xi's likely return meet for these groups in chinese society. joining us is now yaqiu wang, a researcher at human rights watch. give us the state of lgbtq plus rights ri

secretary janet yellen. >> reporter: as democrats scramble to coalesce around a message to hang on toajorities -- >> i don't see signs of a recession in the economy at this point. >> reporter: treasury secretary janet yellen sitting down with cnn to deliver her own. >> we have unemployment at a 50-year low. there are two job vacancies for every american who is looking for work. we have solid household finances, business finances, banks that are well capitalized. and we've been creating average 300,000 jobs a month. >> reporter: it's an economic scorecard that hardly tracks with an exceedingly unsettled elec electorate. >> the disconsent seems to be very real. the misdirection of the economy seems to be very negative. why? >> inflation is very high. it's unacceptably very high. and americans feel that every day. >> hello, syracuse! >> reporter: the split screen that is weighing down americans for month. on the day the economy delivered a bounce back quarter of growth, soaring costs, a reality with no near-term solution that has included not just democrats' midterm prospects. >> in term

cheers. >> don't miss stephanie ruhle's fuel interview with janet yellen tonight on the 11th hour. >> excellent new reporting is shedding more light on florida governor ron desantis' migrant stunt. oh, and yeah, the whole thing was just as shady as you would expect. we'll be right back. let's dive in! but what about your back? it's fineeeeeeee! ugh! advil dual action fights pain two ways. advil targets pain at the source, acetaminophen blocks pain signals. advil dual action. this is gloria. she hasn't worked this hard to only get this far with her cholesterol. taken with a statin, leqvio can lower bad cholesterol by over 50% and keep it low with two doses a year. side effects were injection site reaction, joint pain, urinary tract infection, diarrhea, chest cold, pain in legs or arms, and shortness of breath. with leqvio, lowering cholesterol becomes just one more thing life throws your way. ask your doctor about leqvio. lower. longer. leqvio. research shows that people remember ads with young people having a good time. so to help you remember that liberty mutual customizes your home

we will also hear from the world thank president and treasury secretary janet yellen. watch live coverage starting at 1:45 p.m. eastern on c-span, c-span now, or online at www.c-span.org. >> this afternoon, national security advisor jake sullivan will discuss u.s. security strategy and challenges. hosted by the center for new america security and georgetown university, watch live at 2:10 p.m. eastern on c-span, c-span now, or online at www.c-span.org . >> c-span is your unfiltered view of government. we are funded by these television companies and more midco. ♪ ♪ >> medco support c-span as a public service along with these television providers, giving you a front row seat to democracy. >> we take you now to a discussion led by the u.s. treasury council for racial equity. it's on the importance of economic opportunity for minority owned businesses and entrepreneurs. this was held during the treasury department bank foreign. -- bank forum. ♪ >> thank you. thank you so much. we have the unenviable position of following the vice president and being the last discussion befo

ahead of that meeting, janet yellen saying she's not seeing signs of recession in the economy.ct interest rates to peak at 5% in march our next guest is out with a new book about yellen's legacy joining us now is an old friend, "wall street journal" senior writer good morning to you, john. congratulations on the book. >> thank you so much it's great to be back here with you. >> it's a great read and quite insightful about the way she thinks and everything that's happened with her. take us inside the thinking of treasury right now but also inside the fed, your old beat in life, in terms of the way they're thinking about all of this and whether you think she's going to be proven right or wrong ultimately >> well, so in terms of the thinking, the way i frame it is, we've been through three shocks in this economy, the first one was covid, the second one was washington's response to covid and all the money that it poured into the financial system and economy, the third shock we're going through right now is pulling back all of that stimulus i think the -- thethinking at the fed and

janet yellen gets rich giving speeches to the companies she regulates.t's corruption, but never charged. she's still free. in fact, she's the treasury secretary. you get poorer. the solution, more abortions. that's the message they're selling. and maybe not surprisingly it doesn't work. that's not what voters want. so what do voters want? what do they tear about? if you look at the polls, they care about the quality of their own lives. so they care about the economy and they care about crime. this is very obvious. you don't need to look at polling to know it, but every poll shows it with maximum clarity. how does the media respond to this? well, of course, doing their job. they've done everything possible to minimize both issues. the economy and crime. they've told us the economy is not in a recession. no, it's not. when, of course, by every measure it is very much in a recession. and on crime, they've told you don't even talk about it. only racists worry about crime. racists. the one thing you don't want to be called. so how should republicans respond t

[applause] janet yellen: thank you very much, everyone, for joining us today. since last january, the biden harris administration has made racial equity a centerpiece of our economic agenda. advancing racial equity is not just a moral priority, it is vital to our economic success. led by president biden and vice president harris, our efforts began with economic recovery. we know that communities of color were hit hardest by the pandemic. in reaching and supporting these communities is the core priority in our implementation of the american rescue plan. data indicates pandemic recovery has been historically equitable with record drops in the unemployment rate for many communities of color. but that is not enough to help families simply recover. nger and more inclusive post-pandemic economy. investing in disadvantaged communities has far-reaching effects beyond the communities themselves. it can offer high returns on investments in used economic return. the trifecta of legislation enacted over the past year, the bipartisan infrastructure law, chips and science ac

cnn's phil mattingly sat down with janet yellen to get her perspective in this exclusive interview. >> reporter: as democrats scramble to coalesce with a message -- >> i don't see signs of recession in this economy at this point. >> reporter: treasury secretary janet yellen sitting down to deliver her own. >> you have unemployment at a 50-year low. there are two job vacancies for every american who's looking for work. we have solid finances. finances that are well equitalized. >> reporter: it hardly tracks with an unsettled electorate. >> it feels to be largely negative. why? >> inflation is really high. it's unacceptably high and americans feel that every day. >> hello, syracuse. >> reporter: split screen that has weighed down democrats for months. on a day the u.s. economy delivered a bounce back quarter of growth, campaign ads continue to hammer inflation that remains at a decade high. costs driving the economy to the top of voter concerns. it's clouded democrats' mid term prospects -- >> in terms of the time horizon, yours is not very helpful when there's a mid-term election in 12

janet yellen and washed the notion that development banks can increase lending without significantlyase their risk. the latest you see the minutes sure some officials wanted a50-basis point hike in september. decision-makers ultimately agreed to a 75-basis point hike. momentum is building for a repeat of the september hike. the central bank is fighting inflation nearing 10% in the bloc, while risking a looming downturn. president biden is pardoning thousands of americans convicted for possession of marijuana, and ordering a review of its legal status, in a major step towards decriminalizing the plant. he has issued a blanket pardon for all prior federal charges of simple possession. he also urged governors to do the same for state offenses. the biggest etf investing in u.s. cannabis companies surged 34% in one hour on the news. the thai prime minister will visit the scene of the country's worst mass killing on friday after ordering an investigation. a 34-year-old man killed at least 38 people, most of them children, a rampage which began at a daycare center the man has been identifie

will likely decide the balance of power in washington and the white house and treasury secretary janet yellen slamming opec's decision recently to cut oil production as gas prices rise once again. welcome to fox news life, i'm arthel neville. hi, eric. eric: hello, everyone, thank you for joining us on this sunday. i'm eric shawn. the the cost to fill up your tank well, it was going down for 3 months but you know in the last two weeks it's been rising officials say partly because of refinery maintenance shutdowns ant -- and opec's latest cuts as retirees will soon get the biggest social security living increase that they've seen in decades. in a moment we will hear from the wall street journal jon hilsenrath. analysis in moments. arthel: the white house trying to get in front of rising gas prices and inflation among top voter concerns. hey, lucas. lucas: price of regular unleaded gasoline nationwide is 3.91 according to triple a. president biden lashing out against saudi arabia and opec for cutting oil production former secretary of state mike pompeo responded this morning on fox news sunday.

eastern time on c-span, you can see the treasury secretary, janet yellen, talk about the u.s. economy during a news conference. coverage on c-span, c-span.org and the free c-span now video ap whent mes to election 2022, the wisconsigornor debate tonight bween tony evers and his republican challenger. that being hosted by the wisconsin broadcasters association. live coverage at 8:00 eastern. to eve, grand rapids, michigan, good morning. go ahead. caller: good morning, john. good morning to the c-span space. this is what i want to say. i cannot believe people are still saying they do not believe this about the insurrection when they watched it with their own eyes. i would like to say also the people complaining about people being dead and voting, don't they know that during the pandemic, people voted and then they died. your vote does not count because you died during the pandemic? host: one more caller this morning. rita in wisconsin, independent. are you going to watch the wisconsin governor's debate? caller: you betcha. i was so shocked yesterday about what was going on. the

have not admitted there is evidence of that happening so far, john. >> john: on september 11th, janet yellen when asked if gas prices would go up, she said it's a risk, now she is saying nothing. >> sandra: bring in charles payne, we are fired up right now because you and i just got done talking about it. an administration that embraced, took credit for, touted that drop in gas prices that we did see for several weeks, it was welcome news for the american consumer. my question to you is, if they are going to own those gas prices on the way down, are they going to own them on the way up? because that was an acknowledgment then that the markets were functioning soundly, and efficiently. when prices seem to go up, they say hey, there's, you know, price gouging going on, or people are colluding to run up oil and gas prices, will this administration own it if gas prices do go back up to highs? >> absolutely not, the answer is absolute not. they didn't own it, from the day of the election they have gone straight up. from the day of the inauguration and they blamed it on vladimir putin. and profite

neil: you know, janet yellen is weighing in with some of the debt news and inflation is not becoming embedded in the u.s. economy. that might be news to come inshrewding the ceos we were mentioning before. yourself included and says that some of the cost of production of chipping are coming down. u.s. on responsible path this would continue to decline in the debt. $1.5 trillion in the latest period is a theme that will pick up steam. in other words i guess by that she means deficits will continue coming down. do you see that? >> no, that's a stunning statement and debt coming down has everything to do with covid spending and i do believe we're going to be over $1 trillion again this year in deficits so i hate hearing that and wish they'd tell us like it is. we're $31 trillion in debt and higher interest rates means the cost of debt's going up and on the inflation front i have an e mail from one of my listeners saying they bought four tires for $900 and they were $500 two and a half years ago. if janet yellen doesn't think inflation is embedded, she needs to get out and start speaking

i think the yield on a one year t-bill when treasury secretary janet yellen made that comment was aboutis 4%. you have a 16 fold increase in the cost of funding that debt. and remember, that debt keeps having to be rolled over. the government has very short financing on this national debt. so it is already a problem and it will become a much bigger problem and it is one of the reasons that the fed is going to chicken out against the fight against inflation because the u.s. government would be forced to default on that debt if the fed actually let interest rates high enough to bring inflation down to 2%. charles: a hell after dilemma. last fiscal year, 450 billion just on interest and could go to a trillion? let me ask you you have strong opinions about the administration. they are in panic mode. saudi arabia dissed president biden. they stopped production. they want to stop oil exports among other things. you like that idea? >> that would be disaster for the united states. remember we export energy to help pay for all the goods that we import. we already have record trade deficits. if w

there have been some stories about janet yellen and others potentially calling around, ministers. i will say this. there have been some white house officials who are maybe talking to saudi arabia saying, hey, listen, we have a relationship, do you want to damage that relationship any further by making a cut we're going to ultimately see what happens here, dom, but, again, 1.5 to 2 billion barrels a day. that will be the biggest cut since covid hit. we'll be here all day and probably into the night from opec's headquarters here in austria. >> there are a lot of countries involved here, a lot of voices, a lot of views, reasons to act the way that they do is this expected to be a quick and easy meeting or are we expecting a lot of thisdrama and kind debate to play out over several days now >> i hope not. right now the talk is that the decision may be made, that the meeting could be kind of quick the meeting is scheduled for 8:00 a.m. eastern time, 2:00 p.m. here, a press conference, of course, once they finish that decision we've seen it go multiple days let's hope that's not the cas

[narrator] yieldstreet: private market investing. >>> we have a big overtime secretary yellin, janet yellenretary, a cnbc exclusive, 4:00 eastern time looking forward to that. victoria green, adam parker, the rest of the crew there stephanie link, let's do final trades >> home depot. i haven't recommended a housing stock in a very long time. it's down 29%. trades at 17 times earning, 2.6% yield. i think they can have sustainable mid-single-digit comps going forward. i like that one. >> even with housing >> it's down a lot a lot of bad news. >> josh brown? >> i would say berkshire hathaway this is a stock that should hold up regardless of what goes on. >> all right.adobe this has a stock, its end market is an industry start, in an acquisition of fig ma. we think you can look back at the history of management's acquisitions, they've done a great job of making great ones that have increased the total adjustable market for the company. so we think it's worth a look here >> farmer jim? >> alaska airlines the stronge est balance sheet in the sector we see what's going on with news from american a

treasury secretary janet yellen is among democrats who back the debt limit's permanent remail. tobias first room -- so the government had taken many steps for turkeys requirements to join nato. say "it is our hope that turkey will recognize this". turkeys president says he is willing to meet to discuss the country's. still, he was to address security concerns more. one of china's top chip designers has already navigated through u.s. export restrictions. this manufacturing company will produce advanced silicon. u.s. security measures were aimed at limiting china's development but -- believes it's trips are not covered by the sanctions, according to people with direct knowledge of the matter. the impact of the covid-19 outbreak will have long-lasting impact on rural thailand according to an report from the world bank. poverty decreased from 50% to 6.8% but is now increasing since 2020. this comes amid the covid crisis which is paying -- playing a factor in a rural income diagnostic analysis. global news, 24 hours a day on air and on "bloomberg quicktake", powered by more than 270

directly to leaders of the world bank and international monetary fund as well as treasury secretary janet yellen.

treasury secretary janet yellen says inflation has stopped around the world and economic growth is slowingshe discussed the nation's economy and the global economic outlook. capping the price of russian go -- oil and providing additional funding to ukraine and lower income countries. >> good afternoon everyone. let me start by thanking the imf and the world bank for this week's meeting. thank you all, to their leadership of the g7 and g20. we've had a very productive week. before i take your questions, i would like to touch upon her progress in four areas. first, i spoke this week to my counterparts in the g7 and the broader community about the diverse and difficult challenges that faced global economy today. many of these challenges stem from russia's terrible war in ukraine and the continued recovery from the pandemic. inflation is elevated in many countries, growth is slowing globally. we are also seeing swings and capital flows and strong movements in financial markets. but we are taking strong action both in the united states and globally to contend with these headwinds. in the united

treasury secretary janet yellen is among democrats who back the debt limit's permanent remail.s first room --

including our collect janet yellen says inflation is up around the world.conomy and the

overnight in a new interview, treasury secretary janet yellen said she sees no signs of a recession in the near term. we have unemployment at a 50 year low. there are two job vacancies for every, um american who's looking for work. we have% solid household finances. a new government report finds us gross domestic product grew 2.6% in the third quarter after six months of a shrinking economy report. nothing bad about the report. we've created more jobs were in a situation where and you look, the price of gasoline is falling. the federal reserve is still expected to raise interest rates again next week in hopes of getting americans to cut back on their spending and bring down inflation. a key issue in the midterm elections. now just 11 days away, i can make the difficult decisions as you do in the operating room as a surgeon. i'll make them cutting our budget as well to make sure we don't have to raise taxes on the population already desperately in pain from the high inflation rate, president biden, visiting upstate new york claimed they will be double ahead for the economy if republican

that 1:30 janet yellen talks about the u.s. economic outlook at the international monetary fund in washington, d.c. then liz cheney talks about the constitution and defending democracy at the university of notre dame. you can also watch live coverage of the free c-span now video app or online at c-span.org. >> c-span's campaign 2022 coverage of the midterm elections continues with candidates debat fm around the countrynning live tonight at 8:00. incumbent democratic governor tony e verse debates challenr tim michael's. then at 9:00 peter welch and republican jedalloy debate for the open senate seat in vermont. dope miss a single election moment on c-span. c-span now is a free mobile video app. visit c-span.org/campaign2022, your website for all of our election coverage on demand. c-span, your unfiltered view of politics. >> we take you live to the u.s. capital, where the house is said to gavel in for what we believe will be a brief session this morning. no votes have been scheduled today. live coverage of the u.s. house on c-sp

and at a higher price than what us treasury secretary, janet yellen want it. so more like the $60.00 bow mark instead of $40.00 a barrel. and by the way, year old crude is currently averaging around $74.00 a barrel. so why the higher cap? because washington is worried about spooky investors and the free market, which is after all, a cornerstone of western capitalism. so the last thing that market need right now is more volatility to add to the high inflation. but europe isn't happy with washington right now because it needs much cheaper energy in the wake of sanctioning its own cheap gas supply from russia. brussels is also reportedly upset that the u. s. isn't as willing to act more recklessly with its oil supply like the you have and figures that this high priced cap won't hit russia's revenue hard enough. so brussels is learning pretty quickly that when push comes to shove, washington is not going to sacrifice its economy and industry are purely ideological purposes. to the extent that the you has in the interest sticking to russian president vladimir could

and part of the reason for that is the war in ukraine, no. janet yellen, who is the us treasury secretary, essentially the finance minister. she has been speaking here in washington, and she said it was important that the international community wants together to make sure that russia continues to suffer for the war in ukraine. one thing we want to be clear about is that russia should not profit from having and started this atrocious war in ukraine, and shouldn't be beneficial from profits it result from and those, those atrocities the i m f is insisting that the priority should be helping those who can least afford to help themselves. the poorest and community is just a couple of days since the head of the i m f said that inflation was essentially attacks on the poorest parts of every single community. but the reality is, this isn't going to get better any time soon. the i m f long term forecast is that growth will be down and inflation will be high. continuing into 2023 before it starts to death. and for that, many things have to break their way. there hasn't to be any more climate emer

she said so her that. >> so here's how it works.speect janet yellen gets rich giving speeches to the companies she regulates. that's corruption. int she's never chargethat's cd she's still free.he in fact, she's the treasury secretary. and you yocretary.u get poorer. but we have a solution. you seem to have more abortions .sellin that's what she said.g. that's the message they're selling. tand maybe not surprisingly, it doesn't work. that's not what voters want.so w has wantso what do voters want? what do they care about? well, if you, they look at the i they care about exactly whatso e you'd expect them to carey e about, which is the quality ofch their own lives. soey car they care about the ecy and they care about crime. this is veryth o obvious. y you don't even need to look atti polling to know it.th but every poll showsimum ito with maximum clarity. o how does the media respond to t us ?they've done >> well, of course, doing their job, they've done imize both possible to minimize both issues, the economy r and crime. they've told us thece economy is not in a recession. no, not o

and with that i want to thank treasury secretary janet yellen, chair rows. thank you both very much for this fun conversation. [applause] these public investments are not enough. particularly when it comes to equity investment. that's what we're going to talk about today. in particular, want to bring to light a set of investments from treasury through states, the state small business credit initiative. this is a unique opportunity with public funds to connect communities of color and other underserved communities with the high-growth equity capital. how do we do it? we know that the pipelines are not there. we do that this market is not serving communities of color very well. you all know the statistics i'm sure the folks watching online show the statistics that black founders are getting 1.2% of venture funding that latinx companies are getting 2.1% and women founders 2%. of that 2%, only 1.8% of that went to women of color. keep in mind, venture capital is just a small slice of the equity capital that is available yet we know that these early infusions par

and they're going to suddenly go, look, we'll threaten you in other ways. janet yellen, treasury secretary, this is not a white move, and then suddenly the weapon ization of human rights. you mentioned that you mentioned sanctions against iran just a moment ago, many, many would say that sanctions against iran are also targeting china. so i guess in some sense, you're going to get 2 birds with one stone there that way when it comes to opec actually saying we're gonna, we're gonna cut production. we haven't seen any retaliatory matches from washington yet, but i guess what could america and it's western allies do over the opec decision that clearly not happy about it? well, given that they are tied in to a near, liberally comic framework and the interest rates are correlated to oil prices, historically, that's why i'll prices and the, and the power of this region i'm speaking to you from is so absolute and usually has been arguably a proxy for united states policy. why it's so important. what can the united states all it seems to be able to do is use cultural weapons, restart. it was only a

. -- gold spot $6560/ .we know that janet yellen s&p futures pretty much flat and of u.s. dollar index 1003 hundred $40. let's go to our mliv managing editor, market, you are looking at central bank balance sheets, good morning. mark: good morning, fran. this white line shows combined balance sheets of the four trump largest central banks. the blue line or the turkish line, is the total market cap of all stock markets in the world. since late 2008, early 2009 these have been exceptionally correlated. my colleague called this a naive overlay chart because they should not be so directly correlated. it may become self-fulfilling, people have convinced themselves that qe was the reason behind beat explosion we saw in asset prices. and there is truth there, should there be a direct correlation probably not. this decline in balance sheets is mainly about fx, valuations and a dollar strengthening, not about aggressive qt around the world which is really only happening in the fed and many countries are not doing it. as qt accelerates, you can expect more reasons to sell stocks. bu

treasury secretary janet yellen has cautioned about stresses in the global economy and markets couldrupt the u.s. financial system. the world faces a dangerous and volatile environment and risks to financial stability could materialize. she says banks are well-capitalized with corporate balance sheets in good shape. being on central bank has a prize for the second straight 100 basis point rate hike in a bid to support the weakening currency. this comes after the state bank wiped a trading banner as the currency falls to a -- ban as their currency falls we record low. global news 24 hours a day, on-air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. shery: you are watching daybreak australia. the outlook for corporate credit is getting worse, let us bring in annabelle for morning calls. a lot of concern about a key cash flow indicator. what are the details? annabelle: they use what they call a traffic light system for gauging the health of a corporate credit market, they have three different aspects or pillars of this. the earnings