Concerns over Marijuana Companies and banking. This is just under three hours. The committee will come to order without objection the clair is authorized to declare a recess of the committee at any time. All members have five legislative days within which to submit materials to the chair. This hearing is for the purpose of receiving the second of treasurys annual report on the Financial Stability of oversight counsel. Now recognize myself for 3 1 2 minutes to give an Opening Statement. Mr. Secretary this is your first appearance before the house. After the tax cuts and jobs act has been signed into law. I want to let you know on behalf of the majority, our grateful we are to you and to the president for your leadership and for helping make this act signed into law. It is truly, truly historic. After eight years of failed economic policies that led to the slowest weakest recovery, the economy is starting to take off in wages are finally growing again. Consumer optimism abounds. Interest
Secretary of the treasurys oversight. Mr. Secretary this is your first appearance before the house after the tax cut and jobs act has been signed into law. On behalf of the majority we are grateful to you and the president for your leadership and to help make this act signed into law that is historic. After eight years of failed policy that led to the slowest and weakest recovery the economy is starting to take off and wages are growing. Consumer optimism abounds. Its ironic but predictable that equity markets would swoon over the prospects of highest Interest Rates and inflation associated with Economic Growth. Low Interest Rates may have benefited some on wall street but not helpful to main street. We knew the fed would face challenges when the economy took off. If youre listening, good luck chairman, you volunteer for the job. Today the economy is getting stronger due to policies of the Trump Administration. Averaging 3 growth unemployment is a 17 year low. Wages grew at the fastest
Cutting the First Quarter iphone production in half that is according to japans Nikkei News Service which says apple told suppliers about the plan citing slower than expected holiday sales. Weve been down this road before, kara regarding the nikkei and unnamed sources difference this time is its going into some pressure on the stock already. But how seriously do you take this well, i dont know. I think well have to see. I think the question is if these phones are too expensive we talked about this before. This screen on the phone i think is the focus of the article. This screen that is just much more a big component of the price. And whether this phone has rolled out globally. I mean anecdotally, a lot of people i have the iphone 10 but a the love people i know oment opted for the 8 because it is cheaper, they like the format. I think what is most interesting is they may not keep making them after september in this fashion. Which would mean a failure of the iphone especially if it was,
Logically say they probably require ratification. And if they require ratification, one could make an argument that they perhaps were not proper. Okay. Ill allow a colleague to pursue this, because if they choose because im out of time and for the record will ask mr. Williamson what is noble about the cost of purchasing this care without contract 7 billion do we know it or is it noble . But i realize i dont have time now. Well ask this question for the record and yield back to the chair. Thank you, mr. Orourke. Now five minutes. Thank you mr. Chairman. I am aiming this in the direction of mr. Murray and boyle. Not sure which. Theres a business in my district that supplies specialized shoes. Diabetic shoes and to vets through the va. However this business didnt have a contract. In november of 2014 11 notified them that the custom orthotic appliance and related Service Released a request for proposals. The business filled out the paperwork, denied for not meeting minimum technical requir
Seat back seat rally where all the wrong stuff the minerals the oil complex, led the market beautifully . With the dow climbing 369 points, the biggest twoday gain since december, 2008. S p pole vaulting. Nasdaq rocketing 2. 5 . Arent we supposed to want to roll costs down and down and down some more . Not up huge as they were today . I know its tough to explain how oil is spiking, almost 10 the biggest oneday move in six years. It will be a positive. Today it was certainly hailed by investors as a big one. Lets go there, though. Because its what happened today and it was a very important day because it was a stress reliever. A stress reliever, for many of the biggest investors of capital all around the globe. Let me set the scene up for you. The proximate cause of the nasty selloff we traveled through the weakness in chosen, it was exacerbated into belief until yesterday that the fed seemed unaware and how frail the worlds economy had come. But yesterdays comments from new york fed pr