You know its been a tough day in the markets when we bust out prince yep, investors were crying as the brandnew fed chairman, Jerome Powell testified before the House Financial Services committee for the first time in his new role and sounded hawkish than they were expecting sent the dow down 300 points steve. Cant get over the prince reference. Respect. Very cool. Heres the question will powell be singing a different do you know on thursday you know, thats possible fed chair j powell was doing just fine in the testimony until congresswoman maloney asked him what would change the rate hike forecast from three to four. He started by saying a strong economy. And heres what he continued with we have seen fiscal policy become more system you lative. I think each of us is going to be taking the developments since the december meeting in and the writing down our new rate paths before we go into the meeting and i wouldnt want to prejudge that. Jp morgan said todays comments appear to open the
And there will be some pressure to see whether its possible to get some signed letters on a couple of key issues where to intellectual property, and probably also relation to indigenous people. John, you cover the complete and we are now in the midst of our teachers president ial campaign and you have the concept of free trade under attack in both parties right now from donald trump on the right and from Bernie Sanders on the left. You have a sense when you call it a new kind of nationalism or a moment of the least economic nationalism here in the states. What does the new progressivism look like im cant decide whats is the also do you think more of a political hide running against free trade as a principal . Or is it a very pragmatic thing in the way stephen just laid out . I think we will hear more of that this week. I suspect, i was on the white house called us with this gesture was very much this is obamas top priority. He will push for i think for Justin Trudeau to Say Something q
History. This month marks 40 years since operation baby lift. The emergency evacuation of children out of vietnam as the war came to an end. In april 1975, ktvu reporter claude man climbed aboard an Airways Plane carrying children from vietnam. Entering San Francisco at the presidio. The children were on their way to oregon. From a war ravaged country where food was scarce, many of the children suffered from malnutrition. Others were sick. One child clutched a dog tucked into his sap satchel. None of them knew where they were going. Its not clear how many of the children brought to the u. S. As orphans had parents who hoped to join them later. But on this april 23rd flight, 45 of the children were placed with relatives in the United States. In all, some 2,500 children were brought from vietnam to the u. S. In just over a month. About half of those children passed through the presidio when they first arrived in the United States. President gerald ford met the first plane when it arrived
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