This able is no less perilous than previous decades. There is growing evidence communist china is directly responsible for the deaths of 140,000 people around the world. The wuhan virus killing 31,000 in america. It has cost 32 million americans their jobs. A number of government sources say there is a high level of confidence communist china is covering up the origins of the wuhan virus and they are now comfortable in questioning whether the virus came from a laboratory at the Wuhan Institute of the virology. Thats a question we raised on this brad cast for the past couple weeks. Sources say the laboratory was working on a virus carried by horseshoe bats in southern china. How or why that occurred if it did occur is still unknown and far from certain. We are learning the Wuhan Laboratory was operating far below its biosafety designation. And the u. S. Embassy in beijing sent cables back to the state Department Warning of those safety issues. President trump with this reaction. Preside
This able is no less perilous than previous decades. There is growing evidence communist china is directly responsible for the deaths of 140,000 people around the world. The wuhan virus killing 31,000 in america. It has cost 32 million americans their jobs. A number of government sources say there is a high level of confidence communist china is covering up the origins of the wuhan virus and they are now comfortable in questioning whether the virus came from a laboratory at the Wuhan Institute of the virology. Thats a question we raised on this brad cast for the past couple weeks. Sources say the laboratory was working on a virus carried by horseshoe bats in southern china. How or why that occurred if it did occur is still unknown and far from certain. We are learning the Wuhan Laboratory was operating far below its biosafety designation. And the u. S. Embassy in beijing sent cables back to the state Department Warning of those safety issues. President trump with this reaction. Preside
People reach for yield now, and is an impetuous toward bubble creation and certain Asset Classes . It can be. Thats why we are watching very carefully. Is there any one particular air yaur worrying about right now in terms of asset bubbles . I mentioned leverage lending and corporate debt markets, especially lower rated companies. I think we are seeing deterioration in lending standards. We are attentive to risks that can develop that banks or others may be taking on Interest Rate risk. If Interest Rates, when Interest Rates ultimately begin to rise, that if firms or individuals have taken risks and arent adequately prepared to deal with them, that can cause distress. Among the institutions that we supervise we are certainly looking at management of Interest Rate risk. We are using stress testing in this latest round. We had specific scenarios designed to look at how large banking organizations would fare if Interest Rates were to increase rapidly. And were focused on how firms are man
The speaker pro tempore the prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Almighty god of the universe, we give you thanks for giving us another day. We pray for the gift of wisdom to all with great responsibility in this house, for the leadership of our nation. May all the members have the vision of a nation where respect and understanding are the marks of civility and where honor and integrity are the marks of ones character. As members take time in the coming week for constituency visits, give them the ability to hear the voices of all in their districts, even those with whom they disagree. This is difficult to do so endow them with patience and a discerning ear. Bless us this day and every day and may all that is done within these hallows halls be for your greater honor and glory. Amen. These hallowed halls be for your greater honor and glory, amen. The speaker pro tempore the chair has examined the journal of the last days proceedings and anno
Cramer and david faber. This could be a very big day in the markets. The day after the attempt to pass plan b in the house has failed. We saw the futures down as much as 200 points. Right now were down 162 on the dow. The s p looking to lose about 19 at the open. Most notely were seeing a spike in vix futures. Its indicating more volatility ahead. Europe, largely taking the cues from here in the United States, and the news last evening about plan b. We are seeing a 1 loss in italy, germany is down by. 9 . Of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. An attempt by House Speaker boehner to avoid that class and pass the socalled plan b tax bill. That failed. The measure that would have kept current tax rates for those making less than 1 million a year. It never even made it to the house floor. Speaker boehner is scheduled to hold a News Conference about an hour from now. Of course, well bring that to you live. Here