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June 21, 2024
My family live. I cant. I am tired. Im yolande knell at the camp in jordan. Its one of the mass camps set up to help people exiting syria. Im here with the rest of todays news. Edging towards one of the great space moment moments, the roset spaceship sends a probe to land on the comet. Another fine for another big banking scandal. Here we go. Five global banks are fined 3 billion for their role in rigging rates in the Foreign Exchange market. Let me tell you, its a massive market with 5. 3 trill...
June 21, 2024
Economic symposium in jackson hole is officially underway. Markets around the world can set their clock for the first keynote speech from fed chair janet yellen. Yesterday, Michael Mckee caught up with Kansas City Fed chair after george. Esther george. He asked her about the International Impacts of Monetary Policy. We live in the global world, obviously, and the connections are growing between our countries as the fed thinks about Monetary Policy. It is focused on the u. S. And its mandate, but...
June 21, 2024
Its leader. Once again, oil holding near a 5 1 2year low. Theyre recovering today after yesterdays sliding. Theyre still trading for less than 62 a barrel. Meantime, the drop in oil prices killing bonds. Bonds issued by the staterun industry have now fallen to 55 cents on the dollar. The yield is up to almost 50 , brendan. In washington, the house is set to pass a spending bill today that would avert a Government Shutdown. Yes. Lawmakers also plan to approve a twoday stop gap bill that would giv...
June 21, 2024
The National Retail federation reporting on average, shoppers spent 6 less this thanks giving weekend thn they did a year earlier. Friday, it looked like it was going to be better. 11 lower in total. Online sales were all sort of on to them at this point. Today dubbed cyber monday, the traditionally Biggest Online shopping day. The consumer will spend 2. 5 billion online in one day. Well check in with Courtney Reagan in 20 minutes along with our industry analyst. And we have congress returning f...
June 21, 2024
Mcdonalds surging nearly 5 after ousting its ceo. Wlas what is the new plan for the fast food giant . This remains the big question. And one hour from now, some huge earnings hit the tape google, amazon advisoryvisa biogen to name a few. Well have the numbers and instant analysis as well. A ton coming up next hour. Were just ramping up on the whole earnings thing. Digesting names like ali alibaba. The dow is up about 148 points this hour. That outperformance from a couple of individual movers. B...
June 21, 2024
Governor advocating on behalf of the people. Were sitting in the first studio of frank lloyd wright. Wright was actually born in Richland Center in wisconsin which is not too far from here. And he was, his family took him first to massachusetts for a time, and then they returned to madison. And he grew up in madison, spent his teenage years there and attended some of, very briefly, a few years, at the university of wisconsin before he decided to take off and find his fortune in chicago. Decided ...
June 21, 2024
The bigger banks that were diversified didnt fail. We did it anyway. The big banks didnt want to do it because it was a cross subsidy to the small state banks. The savings loan refused to go along but they refused to take their own and ensured next year. The second thing is we tax equity before you can pay the equity holders. This is a huge incentive for all the banks. To leverage as much as possible. And so the bank capital went down from 20 to 5 , the regulatory minimum, immediately. And those...
June 21, 2024
I appreciate what the secretary is doing with the restructuring and coming up with a strong internal audit system. However i must express that i am skeptical about how that is going to work. We have the whistleblower protection act but its not enforced. My concern burst of office we have heard so much testimony in thandthe committee about a cultf secrecy and culture of retaliation, and retaliation is a huge deterrent to hearing the complaints. So my first question is to you we heard theres been ...
June 21, 2024
Manufacturing a new Competitive Edge in this global economy. The best thing washington can do is to encourage further growth in investment. As president obama noted in his recent speech touting 3d printing hubs, if you want to attract more good manufacturing jobs, you need to be on the cutting edge. Our company could not agree more. Id like to thank the committee for holding this hearing and id be happy to answer any questions you might have. Thank you, mr. Cobb. Our next witness is Peter Weijma...
June 21, 2024
He was born and raised in the netherlands and moved to new york in 2010. Thanks for being here. Good afternoon, mr. Chairman and members of the committee. Im peter weijmarshausen. Im ceo and founder of shapeways. Im honored to be here today to discuss how 3d printing is fueling Small Business growth enabling anyone to create a business with fiscal products at low capital cost. As a kid in the netherlands, i loved playing with computers resulting in a passion for open Source Software. Driven by t...