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June 26, 2024
Good morning. Im wilfred frost alongside Courtney Reagan in for sarah today. Good friday morning to you. We made it. Its friday. Nice friday song in the background for us. Sarah will join us later this hour with a preview of her exclusive interview with treasury secretary jack lew. She canceled todays holiday for this interview. Well worth it. It shows shes willing to cancel a days holiday for jack but not me. Try not to take it personally. I cant, its impossible not to. All of our viewer also w...
June 25, 2024
Good morning and welcome to World Wide Exchange on a thursday on cnbc. Im sara eisen. Along with don chew who is in for wilfred today. Good to be here again. Especially on a golf story. Lets check in on Global Markets and show you what futures are doing. The dow closing higher by 40 points thanks in part to apple and goldman sax. The losing streak is done. It continues this theme where it was minor losses and minor gains and it looks like equity futures just slipped into the red. They were highe...
June 25, 2024
Decades ago, and thats the prohibition of discrimination in housing based on race, sex, religion, national origin, physical or mental disability and family status. Its the Fair Housing Act. The Fair Housing Act was in many ways the culmination of the legislative fight for civil rights in the 1960s. It was the first effective federal law guarding against discrimination in the sale and the rental of housing in the United States and for nearly 50 years, it has been employed to assure that every ame...
June 25, 2024
[applause] good morning and welcome to the center for American Progress. My name is carla martin. Im the the Vice President for policy. It is my honor to welcome to this exciting event. Our lineup today is a real testament to the importance of this issue to this administration and to president obama. Nearly one in three americans has some type of criminal record that creates barriers to employment, housing and many other pathways to opportunity. Some americans with criminal records are even barr...
June 25, 2024
And then drive it forward in 2017. Thanks for listening. [applause] i know j stand before you and lunch but i am happy to take any questions for you. Just an opportunity to talk about a book. It is called fixing the future and how canadas government worked together to rescue the canada pension plan. It is an interesting story and the same issue as the Social Security except we ended up with a situation where we doubled the contribution rate and built up the reserve fund and stabilized the contri...
June 25, 2024
Reporter ah, yes. Just as the tsa administrator and the folks at Homeland Security are preparing for a press conference out here, ive got to show you the scene at midway airport. Its like this, neil, at a lot of places all around the country. Apparently, tsa does not have enough employees to handle the massive lines. I dont know if you can tell, this is actually not a bad day here. This is fairly normal out here, and maybe you see you cant even really see how bad it normally gets because right n...
June 25, 2024
Mister secretary, welcome. Thank you very much evan. [evan] an honor to have you here. Its great to be here. Let me ask you to grade the nations Transportation System dont grade on a curve, i want hard grading like you used to get at davidson, and at nyu law school, i want you to do elite grading here. If you had to assess the health and the well being of the nations Transportation System, what grade would you give it . Well, i think itd be about a d. [evan] itd be a d . Yeah. You run your depar...
June 25, 2024
Melissa back to the markets. The dow ending the day down more than 50 points. It had been down nearly double that. Todays big drag, nike, proctor gamble, apple as well. Trader Scott Shellady at the cme, watching oil and gold fall. Lori rothman is on the floor of the new york stock exchange. Lori you have your eyes on two consumer stocks with doubledigit losses today. Reporter no surprise on hershey. They were doing a flirtation with mondelese, maker of cadbury eggs. Mondelez said no deal there. ...
June 25, 2024
Banks are get out of certain communities and countries and they are also denying services to millions of lower income americans, not because the risk is too high, but simply because the profit margin are not considered high enough. There have been serious consequences on vital Correspondent Bank relationships that are critical to bier flows also. Another Major Property in several communities here, including in a district like mine, is that banks are closing branches. In fact economists from the ...
June 25, 2024
The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy responsibilities. The act has made the fed omnipotent but cannot make...