President Trump Campaign is dominating democrats when it comes to fundraising in just one week during his california trip, a whopping 14 million to kickoff 2020 campaign. A record january. Raising 60 million. Trump has almost 92 million in the bank, almost three times more cash in all 2020 democrats have combined. Senator Bernie Sanders has the most of the dems running for president , 16. 8 million in cash, joe biden has 7 million, mayor pete 6 million and while senator Amy Klobuchar and Elizabeth Warren have around 2 million in cash on hand. Many problems are plaguing some candidates in the field because it hasnt narrowed much in the primary dragging on. The campaign for Elizabeth Warren took out a loan. Pete to judge 13 million. Their up against billionaire Michael Bloomberg sent over 150 million on super tuesday but biden and buttigieg spent 0 on super tuesday. Thank you very much. Andrew cuomo giving Mike Bloomberg some advice, suggesting the former new york city mayor should break
Im Francine Lacqua in london. These are your markets. 0. 4 . An markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. Not so after the apple news yesterday. There is more concern about the deadly coronavirus trade looking at treasuries, they are rising. Americans reopening after a holiday. Yesterday was president s day. Jumping as much as 24 after unsuccessful bid for the small arrival. This may be the kickoff of banking consolidation in italy and then further into europe. Coming up on bloomberg surveillance, our exclusive conversation with the hsbc Financial Officer on the banks job cuts. First word news. Viviana hsbc is set to slash 80 of its workforce. The lender taking more than 7 billion of charges and suspending buybacks as part of a restructuring plan. Plans to exit some businesses and cut costs. Hsbc still hunting for a permanent chief executive. We also spoke to the lender cfo about the coronavirus outbreak
Jury will come to order. Senator brown has been delayed a bit but im going to go ahead because as i think most people realize we had to readjust the time of the hearing to accommodate the fact that both have been called on the floor at 1030. That means senators will really need to stick to their five minutes and even then we may not get through for everyone and i apologize. I will stick around for 15 or 20 minutes into the first boat so we can go as long as we possibly can. I will wave my questions. I wont waive my introductory misstatement and i will start with that right now. Welcome, chairman powell today the Federal Reserve chairman Jerome Powell update the command Monetary Policy development in the state of the us economy. Us economy continues to expand in 2019 exceeding 2 growth for the Third Straight year as the American People enjoyed to the longest continued economic expansion in american history. The labor market is strong with the labor force at an alltime high of 164 millio
Proposal. As well as Economic Growth and the impact of the tax cuts and job that jobs act. Jobs act. Todaym pleased to be here to discuss the budget. Trumps Economic Freedom agenda is working. Reform andegulatory trade deals are improving the lives of hardworking americans. Unemployment remains historically low. And it is at or near alltime lows for africanamericans, hispanic americans, and veterans. The Unemployment Rate for women reached its lowest point in 70 years. Before President Trump came into Office Experts were predicting that we would grow by 14,000 jobs for month per month. We averaged 175,000. Wages for unsupervised workers in 2019. 3 which meant that roy wages rose faster for workers than it did for their bosses. Last months Labor Participation rate prime age adults reached 83. 1 . An 11 year high. American families are earning more each year, thanks to the tax cuts and jobs act, paying significantly lower taxes. They also have more Career Opportunities than ever before.
Tour takes you to amarillo, texas. The treasury secretary Steven Mnuchin testified to congress. Theielded questions about 4. 8 trillion proposal and Economic Growth and the impact of the jobs act signed into law december, 2017. [camera shutters] sen. Grassley we are pleased to have treasury secretary mnuchin, here today testifying about the president s fiscal year 20202021 budget, the president s budget includes proposals to confront a number of important issues, i want to work with the president , the secretary, and others in congress, to address these and other pressing issues, within our committees jurisdiction. Drug pricing, and employer pension crisis are two such issues that must be dealt with, this Budget Proposal comes at a time when the economy is very strong, especially for working families. Better trade deals, less regulations, lower taxes from tax reform, we have translated into wage increases. Especially for lower wage earners. And historically tight labor market. Over six