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Louisiana senator chaired the two hour hearing. Good morning, everyone. Thank the member for attending and thank our witnesses for being a part of this important hearing. It is my pleasure to bring the Energy Community to the opening session on the subject of natural gas and importing energy and exporting gas; can this be reversed. Senator senator ron whied wydide for hi n i want to thank senator ron wyden for his support and look forward to working with him and all members of the community on both sides. Members of this committee attended numerous meetings to consider the 2005 energy act. And we discussed the need to import more natural gas to meet our growing energy demands. Thanks to a extraordinary and Swift Advances in technology to locate, capture and produce natural gas, this committee will talk about the expanded opportunities to export liquidified natural gas and c ....
Actions on that agenda and zef an announcement commissioner rosales. Yes. I have to step away from the vote on 5 b on advise of council my law firm sfmta has been a oversee of income to my law firm. Thank you very much and because we have voted on the agenda items the commissioner will step away for both items on the agenda. Okay. So lets consider on the approvals sorry any Public Comment on that item . Are there any questions on the approval of the minutes or changes seeing none. I move. Okay. Is there a second. Any questions on the item 5 b the bike share as a matter of fact, were going to take both items madam secretary cail the roll and commissioner mondejar. Commissioner singh. Commissioner rosales ab stenos or recuse all arrest commissioner johnson. There are 3 is thank you very much lets go get commissioner rosales and move into the regular agenda okay. Ill do that. Thank you very much commissioner rosales. And madam secret ....
Hawkish. It looked at what we have some way to go on rates higher than people expected. That sent the market on the journey on the dow and s p down aggressively a lot of Companies Going down. The market decided we can ignore we will have to be potentially more aggressive on rates at the moment the time is coming it may come as soon as next meeting. The market decided to ignore the bit about inflation. Inflation needs to come down aggressively ive never thought about it as appropriate test for slowing the pace of increase the market ignored the cumulative tightening and the lags associated with the Monetary Policy with the inflation. If you wanted, there was a dovish narrative as well as the hawkish point. The market decided to focus on one side of the story. That was a minimal change from the federal reserve. You got the mixed picture on what would happen next guess what we ....
Sales decline in the united states. Lets begin in washington where Phil Mattingly has details on negotiations. What are the outstanding issues and the talks . Days beforeour more we reach the deadline when negotiators are supposed to finalize a potential budget deal. What it has been. Finding a revenue. To basically bridge a gap stop negotiators working with 1 trillion. The biggest Sticking Point for democrats is benefits. Between the suggested numbers in the top line number is had how much federal and please how to put in to retirement accounts. Some democrats are weary. But what about Unemployment Benefits . Democrats are trying to push for an increase in the deadline. People familiar said it will not happen. A Sticking Point. They wanted this included. The ....
Lower by 126 points, the s p lower by 14 and the nasdaq lower by 29. Yesterday, though, stocks did get a boost from last months Federal Reserve meeting. The notes are suggesting quantitative easing will likely end in october. The central bank will move slowly to raise rates after that. Today, the focus turns to the other side of the pond. Were waiting for a position decision from the bank of england. Thats going to happen around 7 00 a. M. Eastern time. Bank of england expected to leave its key rate on hold at a record low 0. 5 . As for the u. S. Economic calendar, here is what were watching. Jobless claims expected to increase by 4,000 to 319,000. Then wholesale trade is out at 10 00 a. M. Corporate news, bank of america is reportedly seeking fed approval again for a 5 cent quarterly dividend. In march, the firm revised an okay to boost its way out, but it had to withdraw the plan after discovering it miscalculated capital level ....