Red that is a quarter of global infections. California is reporting its biggest daily jump yet. Tech wins praise from washington. For their stance on user data in hong kong. Futures kicking off trading slightly higher by two tents of 1 . We have another tech rally. The rest of the market was more subdued. The nasdaq ended at a record high. The s p 500 saw many stocks down but we have gained enough to push it to a onemonth high. Megacaps pulling the gauge higher, despite the fact that the pandemic sensitive sectors Like Airlines sank. The dollar fell against the g10 peers. Look at oil. It is unchanged. Through the entire month, we have seen wti trading within a tight range of two dollars. It is still hanging around the fourmonth high. We got a report showing that stockpiles rose by more than 5 Million Barrels last week. Lets see how things are shaping up for the asian market. Midweek session , futures are mostly higher pointing to slight gains. Falling. Shares are like, we have aussie h
The Chinese Market has been pretty resilient amid the turmoil. The nikkei to do five higher by 6. 7 . Bluechip stocks stocks looking attractive, up 0. 8 , the cheapest since 2009. Wont be surprising for investors to be picking those out. The rest of asia was pretty much down. The hang seng rising 4. 5 . The benchmark in new zealand higher. Lets flip the board and see where we are in terms of futures. A higher open. It is surprising unlimited qe did not raise the s p more than most people thought. Futures acrosstheboard pointing to a higher open later today. Now, hong kong is taking drastic measures after a surge in imported Coronavirus Infections. From midnight wednesday they will ban nonresidents from visiting for 14 days and will stop bars and restaurants from serving alcohol. Lets bring in stephen engle. Lets start with these latest measures. Why is the government feeling they are necessary . Stephen last week they put in another step where they required a 14 day quarantine for all
[indistinct conversations] good afternoon, everyone. Thank you for coming. My name is ben harris, and as of this very morning, i am the Vice President and director for economic studies of the Brookings Institution. It is a true privilege and honor to have the opportunity to again be joined at this famed institution. There are many reasons why i found a return to brookings appealing, but a major motivation is events like the ones we are hosting today. Fdic chair marty gruenberg, who will be introduced by aaron klein and moments, was one of the key officials to help mitigate the fallouts if the Silicon Valley bank and Signature Bank failures early this year. We are very lucky to happen with us today. I suspect that this afternoons event must feel like a bit of a victory lap to the fdic chair given in 2019 he sadness very real and ward in great detail about the risk of failure by a large Regional Bank. His remarks, which are required reading for anyone trying to understand the issue, he w
A little easier to do yours. Sparklight supports cspan as a public service, along with these other Television Providers, giving you front row seat to democracy. Now the chairman of the federal deposit insurance corporation, Martin Gruenberg talks about the regulation of large regional Financial Institutions in the wake of the Silicon Valley and Signature Bank collapses. From the bookings Brookings Institution, this is just over an hour. [indistinct conversations] good afternoon, everyone. Thank you for coming. My name is ben harris, and as of this very morning, i am the Vice President and director for economic studies of the Brookings Institution. It is a true privilege and honor to have the opportunity to again be joined at this famed institution. There are many reasons why i found a return to brookings appealing, but a major motivation is events like the ones we are hosting today. Fdic chair marty gruenberg, who will be introduced by aaron klein and moments, was one of the key offici
Monday, september 18 at 9 00 p. M. Eastern, cspan now our free mobile a video app, or online at cspan. Org. Announcer now the chairman of the federal deposit incorporation talks about the regulation of large, regional financial is additions in the wake of the Silicon Valley and Signature Valley Bank collapses. From the boxing Brookings Institution, this is just over an hour. [indistinct conversations] good afternoon, everyone. Thank you for coming. My name is ben harris, and as of this very morning, i am the Vice President and director for economic studies of the Brookings Institution. It is a true privilege and honor to have the opportunity to again be joined at this famed institution. There are many reasons why i found a return to brookings appealing, but a major motivation is events like the ones we are hosting today. Fdic chair marty gruenberg, who will be introduced by aaron klein and moments, was one of the key officials to help mitigate the fallouts if the Silicon Valley bank an