Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
He is the author of are we there yet . the american automobile past, present, and driverless. Its available for signing at the conclusion of the program. Please, without further ado, join me in welcoming him this evening. Thank you so much. Really generous and sweet introduction. Thank you so much. That was really lovely. Thank you, amanda. Really generous and sweet introduction. I think everybody for being i especially amanda told me that the smithsonian associate people have reminded me how engaged these audiences are. So i feel like i have to be up on my toes and really give you my a game to take that seriously. And to be a little intellectual, be a little heavy. Theres a lot of material in the book. Everything from teaching my daughter to drive to a freudian analysis. And a little bit of this theory of how one understands that. The reason i am doing that is to put us in the present moment where, as some of you may have heard, Driverless Cars are on the horizon. But at the end of th
Concerns about a second wave of covid19 with cases surging past 2 million in the United States. Texas numbers have been hitting new highs and houston is reconsidering reimposing its stayathome order. We will continue to follow that. I want to welcome in kailey leinz. Is drivingabout what stocks down. Between 5 es ranging and 7 . In terms of what is driving it, probably eight multitude of factors. The grim outlook from the Federal Reserve yesterday. Layered on top of that, concerns about a possible second wave of the coronavirus and the fact that we have run very far, very fast. There may have been a little profit taking involved in this equation as well. You had small caps really underperforming. They have kind of been a proxy for that recovery trade. They were down 7. 6 today. Yields on the long and with the 10 year yield down about six basis points. On the day, out of the 505 stocks in the s p 500, only one closed up, kroger, one of the classic kind of coronavirus safety plays. Did i
Free cspan radio apps. A conversation with Donald Trumps former National Security adviser hr mcmaster and bridgewater ceo David Mccormick, talked about the us economy and National Security hosted by the hoover institute. Welcome to the inaugural episode of statecraft innovation and leadership and we are fortunate to have with us David Mccormick, ceo of Bridgewater Associates responsible for overseeing strategy, governance and operation. David joined bridgewater in 2009, previously served as president and coceo of the forthcoming ceo this year, before joining bridgewater david with u. S. Treasury undersecretary for International Affairs in the george w. Bush administration during the Global Financial crisis and prior to that served a senior post on the National Security council and the department of commerce. From 19992005, david was the Technology Entrepreneur serving as ceo and president of publicly traded software companies, free markets inc. And prior to that was a consultant at mck
I really enjoyed it. It is a gripping story and well told. So my first question why did you decide to write this now . Was there something more you wanted to say, what motivated you . It was written to the young entrepreneurs know how hard it can be and how hard rewording it can be so that it offers an encouragement to think if i want to start my own business, i should do it. The other thing i wanted to do that before i got too old to remember because looking at this from when it dictated at the Stock Exchange and then going through all the technology was really an Inflection Point in the Financial Service industry and i wanted to tell the story from the inside so people would see the human aspect to it. Host so, the title the harder the work the luckier you get, is that tongueincheek or did you believe that . Guest sam is the one that put the phrase together but then as i was talking to the people at simon schuster, and of course it isnt about time and time again. It sounded like it s