Works ceo will be joining him along with other content and we are out of time, from myself and tyler matheson, mike santoli has you on the other side. Stocks surge as Congress Says that help is on the way when thats still the question. Good evening and welcome to cnbcs continued coverage of markets and the economy in turmoil. I am brian sullivan. In a year of firsts it was another recordbreaking day on wall street. The dow soaring 2,112 points, thats its biggest point gain ever and the first time the index has risen more than 2,000. That move translates into an 11. 37 gain making it the largest climb and the biggest since 1933 on this as they close on a massive package for the American People that could be in the trillions of dollars and well have much more on that coming up and first, lets get to the markets and the money on another wild and record breaking day on wall street we begin with bill nygree in. We need to hear from you on a night like this. These are the machines coming in
Order. The joint subcommittee hearing is titled concern continued oversight on Regional Bank failures. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. Without objection, the chair is authorized to declare a recess of the committee at any time. With that, i now recognize myself for four minutes. Todays hearing will help the Financial Services committee learn more about recent Bank Failures, including management missteps, supervisory failures, and rapid fire bank runs in the age of social media. I think our witnesses for testifying today. The recent banking crisis was fueled by failed Bank Management, lack of hedges against Interest Rate risks, failed military policy, failed supervision, and overspending by the administration and democrats that led to historic inflation, prompting increased Monetary Policy action. Today, we will hear about what went wrong from the Bank Management themselves in state r
Is titled concern continued oversight on Regional Bank failures. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. Without objection, the chair is authorized to declare a recess of the committee at any time. With that, i now recognize myself for four minutes. Todays hearing will help the Financial Services committee learn more about recent Bank Failures, including management missteps, supervisory failures, and rapid fire bank runs in the age of social media. I think our witnesses for testifying today. The recent banking crisis was fueled by failed Bank Management, lack of hedges against Interest Rate risks, failed military policy, failed supervision, and overspending by the administration and democrats that led to historic inflation, prompting increased Monetary Policy action. Today, we will hear about what went wrong from the Bank Management themselves in state regulators. This is important, as the c
shepard: now the treasury department, a newly obtained internal probe reveals they cited officials for soliciting prostitutes. and accepting improper gifts including trips. the government watch dog website obtained this report through freedom of information request detailing unethical and possibly criminal conduct. or that is how it is described to us. the report claims an employee used a government computer to find hookers on craigslist. and another staffer golfed with bank executives when the department was conducting bank examinations. in april this guy, mr. hot tub and the general services administration made headlines for throwing an $800,000 las vegas party all on the taxpayer dime and of court, who can forget the secret service hooker fiasco down in colombia early this year.