All down quite sharply. The worst day in u. S. Stock. Ince june 24 the nasdaq and s p 500 moments ago had been down more than 2 . Today wasory going to the fact the s p 500 had not traded 1 or greater for 43 days. And we see the selling has been excelling at the all day. We are right near session lows. Todays selloff really taking a toll on a weekly basis as well. This is a weekly chart of the s p 500 in white. The s p 500 weekly decline is represented by that candle and its the worst since this one back in february. The brakes is doing the opposite, having its best week since january. We may see a continued selloff in stocks as the vicks rises. Risk, we have the defense tradeoff as well. The Defense Sector trading sharply lower. This includes telecoms. All of these are dividends yields but today, these stocks are selling off as rates are going higher. Year going and two higher today. Reflects double line talking about the fact the fed is likely to raise rates this year. Lets get a che
Concrete and buildings. 0 for the valley and 2 for the mountains, so a slight chance of storms well to the north of us. Were below average for today and we like that, crystal . Well, feast your eyes on this. This is at brown here and if youre about to hop to the freeways here, looking good. Of things. The 10 and 17 are starting to really feel the commotion of rush hour here. 10 eastbound in the red one and here to the stack, averaging 22 milesperhour. How about the 17 southbound . Averaging 17 milesperhour so down to the 40s here. Thank you. New this morning a man accused of driving into a group of officers goes before a judge. Were live with the top story with nico. Reporter well if youre a defendant and youre accused trying to kill three Police Officers, yourself going to spend the night in jail. Here, you can see the man had trouble even standing up here. The judge had to interrupt the state prosecutors to tell him to keep standing. He rammed the car into three officers here on came
The meeting is coming to order and were going to declare the recess at any time and its called sem annual system on the sup super vision and i recognize myself for three minutes to give an opening statement. As we know the act decreased way beyond the monetary responsibilities. The act is made the fed omnipotent. Through the exercise of the heightened standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh wrote that Central Bank Power is premisable when the scope is limited and the track record strong and the aaccount blt assured. None of that do we observe today where as the feds has taken us and the big banks are now bigger and the small banks are fewer and the Economic Growth lags and theres evidence that the economy is more stable. Two mu fed authorities granted under dod dx frank have been problematic. The see kra si make it impossible to measure the over sight or the integrity of the test findings. As columbia has testifie
Experts. That point by which they would have enough enriched uranium to build a Nuclear Weapon. How far is iran from breakout now as a result of this implementation . Sir, over the course of the last three months iran has moved from breakout time of about two months to at least one year. Okay. The International Atomic Energy Agency is being asked to do some significant work in terms of compliance with this agreement. And i actually wrote to the president about this urging that we be certain that we provide Additional Resources to the iaea to do this work. I know the administrations proposal provides a modest increase, but i think the iaea has already indicated that its not sufficient. Would you speak to the importance of making certain that we in a bipartisan way allocate sufficient resources recognizing we dont fund the entire operation but that we meet the financial requests of iaea so they can do the work that were asking them or requiring them to do. Yes, sir. I am in regular conta
The lead coordinator at the state department. The hearing is two hours and ten minutes. This hearing will come to order. This morning the committee extensiveour oversight of the Obama Administrations nuclear itsement with iran and nationalces for the security of the United States, the consequences for the allies, as many know here, i feel those consequences are quite dire. Implementations day. An historicked turning point in the middle east. Irans recordnap praia statusits reconnected to the International Trade system. Now with access to 100 billion assets and sanctions instantly, iran has become the dominant country in the region. The regime has achieved this all itsout having to end aggression against its neighbors and it still calls for the inrthrow of the governments and saudi arabia and other states. It mass done with without its support for terrorism. And the iranian economy was prior to this hemorrhaging. Hemorrhaging because the sanctions we had pushed had worked. Sanctions we