I would like to call the meeting to order at this time and i would like to come if i may give just a brief overview of what you can expect. There will be an Opening Statement of the chair. An Opening Statement of the Ranking Member. And Opening Statement from chairwoman waters. Introduced andbe will give their Opening Statement. And then there will be q a. The title of todays hearing is protecting homeowners during the pandemic. Oversight of Mortgage Services. Without objection, the chair is authorized to declare a recess of the subcommittee at anytime. Also members of the committee who are not members of this Sub Committee may participate in todays hearing the purposes of making an Opening Statement and asking questions of witnesses. Members are reminded to keep their video function on at all times even when they are not recognized by the chair. Embers are also reminded that they are responsible for muting and unyielding themselves. This is Something Worthy of repeating because i have
Chair, Opening Statement of the Ranking Member, Opening Statement from chairwoman waters, the witness of will be introduced, witnesses were given Opening Statement then will have two and a of witnesses and adjournment. The title of todays hearing is protecting homeowners during the pandemic oversight of mortgage servicers implementation of the cares act. Without objection that shares authorized to declare a recess of the subcommittee at any time. Also without objection members of the committee who are not members of the subcommittee may participate in todays hearing for the purposes of making an Opening Statement and asking questions of witnesses. Members are reminded to keep their video function on at all times, even when they are not recognized by the chair. Members are also reminded they are responsible for muting and and getting themselves. I think this is something thats worthy of repeating because i have made the mistake of not honoring this responsibility. I hope i dont make tha
X are preparing to ditch the u. K. At least the republican senator say they will vote to block the current version of their partys health care bill. What does this mean for tax reform . This is bloomberg surveillance. Mario draghi will speak shortly. We also have all your currency checks. Ecks. First things first, lets check quickly on your stock market. Global stocks, mixed. Investors believing an appearance by janet yellen. She speaks in london later today. They are looking to her for a close on the outlook for President Trump says the Supreme Courts partial revival of the travel ban is a clear victory. People from six majority muslim countries will now be barred, unless they show a genuine relationship with a personal entity in the u. S. The court will consider in october whether the executive order is constitutional. Republican senators will look to block the latest version of the partys health care bill. A new estimate from the Congressional Budget Office found the bill would leav
Theres quite a lot going on in the markets. Investors once again trying to adopt status quo as they are trying to figure out what happens next. It is a cautious tone at the end of a positive week for global stocks. Next week we have a major speech from donald trump. A lot of industry and Market Participants probably waiting to hear what comes next in terms of his reflationary measures. Tactically00 unchanged. I want to show you volatility. We are seeing a Little Movement when it comes to these yields. 12 54. 05. One of the stress tests when it comes to Political Risks in europe is the spread between the german and french 10year yield. Let me bring you to my bloomberg terminal. Weve been watching it all week. We are seeing a takeup for the spread as investors, after news that Marine Le Pens team met with top bankers, figuring out what her chances becoming president are, they dont want to get burnt on the markets. We will get back to these indices shortly. First lets get the bloomberg fi
Yesterday after those minutes from the Federal Reserve. You can see the eurodollar pretty much unchanged, off 0. 1 . Lets look at how european stocks are doing following the recession lower. The stoxx 600 off by 0. 6 . European stocks set for there were drop in more than a month. Thanks underperforming. Part of that down to the minutes we got from the fed, signals that the Federal Reserve may look at shrinking the Central Banks Balance Sheet. Also, about equity prices being high. You are seeing a weaker dollar, stronger yen. If you look at the bloomberg dollar index, we seeing that recover a little bit. It is ever so slightly higher. Eurodollar, we are also closely watching after comments from ecb president mario draghi. 1. 0646. Lar at the bund yield one basis point number as well. Now lets get the bloomberg first word news. Saidtian President Trump an apparent poison gas attack in syria which killed more than 70 people has changed his thinking on the civil war. He called heinous acti