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Testimony before the Senate Banking committee. There is senator richard shelby, the committeef and we have his opening remarks and we will take you live to capitol hill and she starts. Meantime, lets go to the markets desk and matt miller. Its very close to a bear market on the nasdaq. Not thats true but were seeing the kind of selloff we saw in europe in u. S. Markets. A special chart for you this is possibly the greatest chart i have ever seen. Markets. Ok at we are seeing drops of about 1 on the s p 500 and a little more on the dow jones. 6 10sdaq is down about of 1 after it closed in the g...

That is the game at the moment fascinating to hear what they said yesterday. We will come back to that in a moment. First up, lets get you up to speed with caroline hyde. Caroline thank you. Brent crude has risen ahead of a meeting between iraq and iran in to ron later in tehran later. The Saudi Oil Minister described it as the beginning of a process. Irans oil chief will meet his venezuelan counterpart. David cameron has edged closer to membership of the european union. With the u. K. Prime minister to in brussels next month, he won the backing of angela merkel. The dutch prime minister, the ...

Yellen live in an hour. First up, though, stocks in sellingoff mode away the world. Oil prices down sharply. Gold rallying to a one year high after yellen highlighted some of those risks to growth during ideas testimony on the hill but did not rule out gradual Interest Rate hikes. Shell be back there an hour from now, this time as we said before the Senate Banking committee. Some trying to argue this this morning is related to what she said. Do you buy that . I know Everyone Wants to be on fed centric, but im sitting here watching the rio tinto ceo basically saying this is it, were going to ha...

Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for thi...

Oil is nearly unchanged. We begin with janet general on the hymn, day one of congressional testimony. The market awaits any change in Interest Rate policy. Disney and time warner both report earnings but fail to catch a bid. Yes, earnings were beat. Most stocks sharply lower. Well fill you in. Trumpsanders taking the state t. Race moves on to South Carolina and nevada. But first up, were less than an hour away from generals spy annual testimony on the economy and Monetary Policy. This morning, shell appear before the House Financial Services committee. Tomorrow, of course, the Senate Banking c...