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Diversity officer. She tells us how facebook plans to double the number of female employees globally over the next five years, and why the company is setting such an ambitious target in the middle of a media firestorm. First to our top story. Facebooks plans to create its own Cryptocurrency Libra is not , getting love from lawmakers. And you can add fed chair Jerome Powell to the list. Take a listen to what he told the House Financial Services committee. While the project sponsors Public Benefits including improved Financial Access for consumers, libra raises serious concerns regarding privacy...

Aoc and Rashida Tlaib will be questioning the fed chair, Jerome Powell. Income inequality, Climate Change, oh, the evils of capitalism. Stay tuned. All right. Now look at the markets. We have seen a copy of mr. Powells opening remarks. He will say the economy performed reasonably well in the first half of the year. He did also say uncertainties in outlook have increased in recent months. To me, thats the money statement. That seems to be whats moving the market and look at this. The market is moving up. We opened this morning we didnt open yet, but first thing this morning we were down a few p...

Of 131. 10. S a bit ago, we crossed the 3000 fed for the s p 500 on the chairs remarks. The 10 year yield at 2. 06 right now. Dq a day be interesting. Q a will be the interesting. We will see if that moves anything. Terms of analyst action, deere is down about three quarters of 1 . It had a huge move higher over the last few months, up 20 or so. Analysts saying maybe that is baking in the full valuation now. Comcast up 2. 1 on an upgrade now as well. Guy Jerome Powell is in the room. We will take you there very shortly. Stoxx 600 up, the euro up come of the german twoyear narrowing its losses ...

The committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I recognize myself for four minutes to give an opening statement. Today this committee convenes for a hearing on Monetary Policy and the state of the economy. Chairman powell, welcome back. Today i would like to start by addressing the current elephant in the room when it comes to Monetary Policy and the fed. This president has made it clear that he has no understanding or respect for the independence...

Data out this morning was up slightly joining us for the entire hour is from ariel investments, pushing back against the earnings theme youre feeling good . Id say im better than the market is feeling. I think the market is looking for soft earnings, maybe 3 decline in earnings. Were hoping that we might get a positive number, but not as bad as the markets think lets drill down on all of the big stories. Lets start with you, bob. All three major indices at new highs. And let me show you, a nice group of Retail Stocks hitting new highs. Walmart, home depot, dow tjx, autozone. A small group of C...