Page 27 - Stress Testing News Today

And the president said may not be politically correct to say that. but what does it say to you about his sort of vision for diplomacy? >> well hes reached out his hand to despots and dik-- and ds and stress testing the relationship with u.s. allies. weve seen it over and over again. but sam and i were talking about this in the green room. it is also -- it is not politically incorrect, it is politically tone deaf because there is a bipartisan coalition in the house and the senate that favor russi...

Denuclearization. lets bring in general jack keane, fox news senior strategic analyst and chairman for the institute for the study of war. what do you make of that move, general? >> thats exactly what was told to director pompeo when he was on his visit with kim jong-un. he went over there with the full knowledge of who kim jong-un is because the cia is the best profilers in the government. and i think he was stress-testing north korean leader to determine is he sincere about denuclearizing? if ...

>> he has two people who believe strongly in trumps long held view, like the only thing -- >> two people, yeah, okay. >> but these are people -- >> but gary cohen doesnt agree. >> right. >> people like steve -- >> right. >> steve moore who is an economic adviser in the campaign, saying, what is he thinking. >> sure. >> and if you look at how the tax bill ended up, it ended up in a traditional republican manner, alla, gary cohen, and steve, everyone else, pivots to trade and shocked, but they sho...

All major banks have increased the amount of provision against those loans. however, as a result of the feds work, even worst case scenario from stress testing, it shouldnt be anywhere near what we saw back in 2008. >> thats a great point. richard is absolutely right, that the financial system, the formal panicking system itself is definitely safer than it was, no question. banks have offloaded a lot of their riskiest stuff. the shadow banking center, hedge funds. thats interesting to me is the ...

Workers at the plants are forced to, who up to 18 hours a day and paid as low as $1 an hour in violation of chinas labor laws. they say workers suffer regular verbal abuse. the ivana trump brand said it stopped using the facilities back in march, although the watch group contens that ds that the case. the three now face trial. lets turn to business now where the nations largest banks have passed the latest federal stress testing and are set to issue pay-outs to shareholders. cnbcs joins us liv...

Access, unauthorized access. they have no coordinated effort on every single day to try to monitor and tack that. matter of fact, they could not even provide someone, cms and hhs, the two folks responsible for the healthcare.gov website, couldnt even provide someone in a classified setting to come up and talk about the breaches which they know have happened. thats just unconscionable. so what we do is youre encouraging people to go to a site that our own government knows doesnt meet safety stand...

Okay. >> mr. park, youre going back to something i hoped you wouldnt do, maybe gao can answer, volume on day one was not what it expected on day one, was it? the volume on day one if everyone is going on the site to see what it is all about, mr. browner? >> i dont have those specifics, mr. chairman but i will say this. these volumes, you go for examples on irs, e volume and people filing taxes on 11th hour, this is the same problem that irs deals with on annual basis. what you need to do is appr...

Available fixes for what appears to be a very large phone center. >> what he is saying, echoing what a lot of silicon valley execs were saying, stress testing on the fly. you go live with something. something -- you stress test a system with 20 million people logging on at once with two months to a deadline. they should have been doing a slow rollout, slow beta test, people can log on gradually in the months prior, not just at the two-month deadline and he says he doesnt know a lot of the contra...

>> this was like one of the largest gun busts i think in new york history. >> and "the new york times" the federal reserve says some major banks are coming up short during stress testing. aimed at insuring whether they can weather another financial crisis. the report indicates some banks are making the same mistakes they made during the recent economic crisis. and jeffrey sachs, i have to call you in here, there is no way that if a couple of these banks hit rough times, the federal reserve would...

Glad to get back to cnbc. but, yes, i missed a bit of this mini rout, but investors must not get too earned. were still up 16% for the year on the s&p and this despite quantitative easing will be taken away and its all about the tapering that people are nervous about. we think it will start in mid september. elsewhere the fed has found out 18 large banks are weak in at least one key capital area, all part of the stressors. they havent named individual banks, but its all about reporting modeling ...