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CSPAN2 Federal Reserve Chair Jerome Powell Testifies On Economic Outlook July 13, 2024

The committee will be in order. The chairman is on his way. He wants me to give my Opening Statement and hopefully he will be here. Ere honored to have chairman powell. We thank him so much for testifying today. I look forward to hearing your the current state of the economy and the potential challenges ahead. Like to thank you for your thoughtfulness as you help through what omy in some ways are extremely times. Ging as you have said in your testimony, by some measures, our strong. Is the National Unemployment rate duringom 10 at its peak the Great Recession to only 4. 7 President Trump took office. And it has continued to fall. Only 3. 6 . Ds at addeconomy has continued to jobs now for 109 consecutive months. Than nine years. Inflation remains low. Fed ....

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BLOOMBERG Bloomberg Markets Americas July 13, 2024

No response as of yet from the company. This is less than the amount Travis Kalanick has sold already since the lockup expired. Guy here in europe, very light volume. Stoxx 600 down by 0. 1 . Bottom,stocks at the firmly in the red. The euro is actually negative today. Saw germany avoiding recession, but the euro is down because that is going to make it less likely that we get german fiscal stimulus. But weig move, though, are trading around the 1. 10 level. The german tenyear has bounced back by 10 basis points this week. Today we are down by another four basis points, so we are starting to get a little but of traction back in the bond market right now. I suspect the euro is about the german story. The german tenyear story i think is more about the trade story. Vonnie hong kong crippled by chaos for a fourth straight day. Public schools are closed through sunday. Companies telling employees to stay home. Major events are being ca ....

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CSPAN3 Senate Hearing On 5G Technology Cybersecurity July 13, 2024

Good morning, this hear is cool called to order. I want to welcome all the witnesses and thank you for your thoughtful, written testimony and looking forward to your oral tangherlini. Id ask my written Opening Statement be entered into the record. I want to make a couple comments. About really kind of what i want to see the goal of this hearing to be. Its similar to the the goal of every hearing is a base account problem solving process. This committee under my chairmanship developed a a Mission Statement to enhance the National Security of america to promote more effective and accountable government. The reason im pointing it out today is i cant think of a hearing that that Mission Statement is more applicable to. When we
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CSPAN2 Federal Reserve Chair Jerome Powell Testifies On Economic Outlook July 13, 2024

[inaudible conversations] the meeting will be called to order. The chairman is on his way. He has asked me to gavilan and begin my Opening Statement and hopefully he will be here. We are very very honored to have chairman powell. We thank him for testifying today. I look forward to hearing your perspective on the current state of the economy and the challenges ahead. I would like to thank you for your thoughtfulness as you help steer the economy through in some ways what are extremely challenging times. As you have said in your testimony some measures, our economy is strong. The National Unemployment rate fell from 10 at its peak during the Great Recession to only 4. 7 when donald trump took office. And it has continued to fall. It stands that only 3. 6 . And jobs for 109 consecutive months, more than nine yea ....

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CNBC Fast Money Halftime Report July 13, 2024

Biggest take aways and ive gone through some of your testimony again, apologize if youre repeat, but in terms of outlook and some of the things that weve done in the recent years with regard to the tax cut and jobs act, different regulatory changes, to either maintain the growth weve seen or expand it, what recommendations would you give well, first, i think the outlook is still a positive one. No reason this expansion cant continue and a lot of value in continuing it. And were trying to use our t l tools to accomplish that were seeing this, in this the 11th year of an expansion, now the longest in u. S. Recorded history. What were seeing is that income gains are being, are the highest at the lower end of the wage schedule scale. And so its very positive. Were also seeing people being pull ed back into the labor market theres a lot to like this rare place of the 11th year of an expansion and i think were certain sli committed to doing what we can to extend it in that vein, i know your ....

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