Here and pw partner mitch rochell. Happy monday everybody. Good to see you. Congress back in session, weve got markets trading up, deal on china in terms of a meeting, of course, early october, lot to talk about this morning. Also on deck, my interview with treasury secretary Steven Mnuchin. Were going to talk about trade, the fed, fannie and freddy, reform, fannie mae and freddy reform, the latest iteration of a plan, certainly out of the treasury this morning, about Housing Finance and housing reform. Well talk about fannie mae and freddie mac. And the founder of papa johns pizza speaking out this morning exclusively to me in his first interview since being pushed out of the company that he founded. John bar a aso is here talking about peace talks with afghanistan, Niles Gardner is here talking brexit and senior judicial analyst judge Andrew Napolitano on big techs antitrust suit and doug collins on the upcoming Inspector General report as well as the new move out of the judiciary to
And freddie mac is in the conservatorship of veneers september 2008 and paulson describe the conservatorship as a timeout. Today fannie and freddie continued to dominate the market approximately 70 percent of the mortgages are back for the federal government while fannie and freddie with the Housing Market experiences a downturn the status quo is not a viable option. The Housing Finance system with two Government Enterprises in conservatorship as not a sustainable solution. Taxpayers today have to much risk with to a bigger role in the Mortgage Market. Those that have released proposals including the i see the day in several coauthors and many others. About what the future system should look like. In the meantime continuing to serve as a conspirator in regulator and as the Federal Home Loan Bank fhfa has undertaken a number of initiatives including those that began prior to the directors 10 year. One significant undertaking is the securitization platform that was originally intended to
Europe, germans biggest brought to to mes by american authorities either way we will be affected, welcome to the world of Systemic Risk its back. Opec a deal to get oil prices up will they stick to it jury out oil prize down a faction today. And, of course, Varney Company is all over the election the story this morning number one, media, more apoplectic attacks on donald trump number two, liberate barrierian gary johnson another aleppo moment, three trump goes into attack mode follow hillarys money that crooked woman he says. Just wait till you see what amazon is doing you are watching it now, i have been around a long time, you dont every see anything like that Varney Company is about to begin. Stuart get out of the way from getgo slightly other opening for stocks today, Economic Growth is still well below 2 , that was news this morning, oil consider this please. The saudis opec agreed to production cut, just as 9 11 victims get right to sue saudis a coincidence . We are on it oil dow
Is a very reasonable people here in congress. There are many who want to do what is right. There are many who want to Work Together to conduct the business of our nation. I would say to them in all my colleagues, now is the time. Now its time for for congress to stop fighting battles. Now is the time for congress to come together to do what is right for the nation and now is the time for congress to come together and fulfill americas financial obligations. I began my remarks and i thought appropriate to conclude with another one. Lincoln once said, and i quote him, i am a Firm Believer in the people. If given the truth, they can be depended upon to begin a national crisis. And bo. That is why we are here today. We need to give the American People the truth. The real fact, only then, whenever one understands the facts on the church would be able to meet this financial crisis. Senator hatch. Thank you, mr. Chairman. 20 thank you for holding todays hearing on the debt limit. I also want t
Cristina alesci tells us about her firsthand experience. It is monday. My producers will try to stop me with tonights mystery guest. Headlines from bloombergs olivia sterns. Thank you so much. American express has agreed to spin off half of its is this joint unit. It creates a venturer with a group that includes the sovereign wealth funds. It is expected to be completed in the second quarter. Recently produced the movie robocop and is said to have a new round of firings in the entertainment division. Are part of the effort to improve profitability. They are said to be taking place other base as well as ones worldwide. Outdoor america has vowed to raise as much as 1500 Million Dollars in a u. S. Ipo. It is the latest step in the plan to spin off a billboard division. They plan to sell 20 million shares for 26 and 28 each. Cbs will own 83 after the filing. Those are the top headlines. Back to you. The u. S. And the European Union are hitting russia was some of the toughest western sancti