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June 30, 2024
Thats the responsible thing to do. Thats what i think this house will do. Thats why on both sides will choose to do. Both with they vote here and when they take it up in the United States senate. With that, mr. Speaker, i reserve the balance of my time. The speaker pro tempore the gentleman from oklahoma reserves his time of the the gentlelady from new york. Ms. Slaughter thank you, mr. Speaker. Sorry about that. I hope it wasnt anything i said. Mr. Speaker, for months the majoritys been holding...
June 30, 2024
Impact of this legislation but theres no doubt that this is backing off of commitment that this nation has made so that all people in our country can freely participate in home ownership. Theyll try to minimize and say its only Credit Unions and banks under only issue 500 or fewer mortgages. But when you add all those folks up, that ends up being a whole lot of mortgages, mr. Speaker. If it was only certain types of data. That data is critical to making sure people are included in the American D...
June 30, 2024
Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yel...
June 30, 2024
[background noises] good morning. Today we welcome for nominees to testify before the committee as we consider the nominations to serve as commissioners of the federal trade commission. Joseph simons has been nominated to serve as commissioner and tc chairman and his credentials are impressive. He served as the f tcs antitrust enforcer among other positions of the commission. Most recently he served as partner and cochair of the antitrust group at the law firm of paul, weiss, ripken and garrison...
June 30, 2024
[background noises] [background noises] good morning. Today we welcome for nominees to testify before the committee as we consider the nominations to serve as commissioners of the federal trade commission. Joseph simons has been nominated to serve as commissioner and tc chairman and his credentials are impressive. He served as the f tcs antitrust enforcer among other positions of the commission. Most recently he served as partner and cochair of the antitrust group at the law firm of paul, weiss,...
June 28, 2024
European equities into the close. We have been seeing broadbased gains in european equities. The stoxx 600 rebounding between two weeks of declines. Cac40 not only apple forming the stoxx 600 today and not only since the French Election, but also in 2017. 40 up more than 90, while the stoxx 600 up some 8 . That is more pronounced since the French Election, something we will talk about in a moment. Here is the stoxx 600. I have shown you the imap, so you can see how various markets are performing...
June 28, 2024
Tenyear yield did fall below 2. 3 on the third miss in a row largely better than expected from jpmc and wells and earn,s season kicks off. A big week for retail walmart gets an upgrade from goalsm Goldman Sachs. Financials are driving, but is the real consumer economy primed for a rebound Jpmorgan Chase falling despite posting better than expected Quarterly Results the bank got a boost from lending but hurt by weakness in trading. Jamie dimon says, the u. S. Consumer remains healthy, evidenced i...
June 27, 2024
D. O. J. s order and take it to court. Bank bailout. Paschi will be the first to youd use it. Who if anybody will be next . Matt . Matt we are les than an hour from the European Market open. Less than half an hour, i should say. 29 minutes. It is going to be an exciting day because of all of this bank news even though most are already, where do they go . San anton . Futures up across the board. Down days in asia and a down day in the u. S. We didnt hit that 20,000 mark on the dow yesterday but w...
June 27, 2024
Essentially met the feds goals certainly on the employment side and nearing it on the inflation side. 2 inflation goal. She continues to expect, however, gradual rate hikes and says the fed or the committee has decided its appropriate to move to a neutral stance of Monetary Policy rather than one that is accommodative or stimulating the economy. Not acting, the fed chair war n warre warrens waiting too long risks rapid rate hikes. No evidence that the fed chair says its fallen behind the curve a...
June 25, 2024
Now. Good morning and welcome to World Wide Exchange on cnbc. Im sara eisen alongside don chew. Lets check on the Global Market this is morning. Breaking the nasdaq winning streak we saw some raem declines yesterday in u. S. Stocks and looks like the selling continues this morning sort of in a marginal way. Dow futures down 20, s p down 3. Nasdaq down nine. Wall street cover story leads with a earnings report. Big Companies Like mcdonalds and starbucks. Whats interesting again were talking about...