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June 23, 2024
In our road map, time warner, 21st century fox and cbs reporting a mixed set of results. Tesla shares sharply higher despite a wider than expected loss. And groupon down almost 30 in the premarket on a trio of negative news. First, stocks looking to maintain upward momentum a day after the nasdaq 100 closes at that record high. Adp said the private sector added 182,000, trade deficit narrows in december to a sevenmonth low. Fed chair yellen set to testify on capitol hill in the next hour. Late y...
June 23, 2024
Internet caucus taking a look at internet privacy and personal data protection. The chair of the Federal Reserve, janet yellen, testified on the u. S. Economy and Monetary Policy appearing before the House Financial Services committee on wednesday for about three hours. The committee will come to order. Without objection the chair is authorized to suggest a recess for the committee at any time. This is the annual testimony on the Federal Reserves supervision and regulation of the Financial Syste...
June 23, 2024
Corridors and they were confident they would get the must be back because i said what are you presuming for the number of healthy subscrapers under age 30 . Well, a third of our subscribers will be young and healthy. And i said you know what are you guys smoking . Thats not going to happen. Whats going to happen when it community . Well, well lose money and the government will make it up to us. This was set up for failure from day one. The Insurance Companies knew it was going to fail. They rele...
June 23, 2024
Reforms along with her description of how the fed is using the flexibility embedded in doddfrank to tailor regulations appropriate to the sizes and risks of different types of banks. Congress specifically permitted the fed to differentiate among companies on an individual basis or by category considering their capital structure, riskiness, complexity, size and other factors. The fed should use this authority. Likewise, doddfrank provided the fed with new responsibility to collectively regulate t...
June 23, 2024
Financial institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the Financial Stability of the United States. Youve come out and some of t...
June 23, 2024
Provide liquidity when there is a financial panic and lenders are worried about the state of Financial Institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist tha...
June 23, 2024
Thank you very much. Thank you for calling this hearing, mr. Chairman, and trying to get to the bottom of some of these questions. I appreciate the line of questions. I want to follow up, i believe mr. Pummill made a statement to the extent i think you said it was virtually impossible to fire a gs employee . Could you clarify and explain that a little more from your experience . In my experience its not very much. Ive been with the va for five years. The Civil Servants i believe this is federal ...
June 23, 2024
Not credible, thats a problem. I know youre in the process now. Do you have any idea what the time frame might be when youre nto the Second Chance . So last year working jointly sent very detailed evaluations the living wills to the firms. And directed the firms to take action to improve their resoveability that were quite specific. And quite detailed. Weve received those plans. Were evaluating them jointly with the fdic. And we will be making decisions in the coming months. The time of the gent...
June 23, 2024
The president president tgif, everybody. The Unemployment Rate has fallen to 4. 9 . Even as more americans join the job market last month. This is the first time the Unemployment Rate has dipped below 5 in eight years. Americans are working. All told over the past six years our businesses added 14 million new jobs. 71 months of private sector job growth. Over 2014 and 2015 our businesses added more jobs than any time since the 1990s. Most importantly this progress is translating into bigger payc...
June 21, 2024
My question is whats needed politically to get European Countries to exploit their shale resources . If you were to encourage it how would you encourage it . The first thing i would find a way to reward the owners and all those that get affected by the shale production. But honestly this is not all. In spain, for instance we have a big debate. Its not old. But one thing i would do. The second thing, i think that for many years in europe there was this idea of dont touch, dont tell in terms of el...