I am Maria Bartiromo tuesday march 19, your top stories right now, 6 00 a. M. On the east co coast. The fed and focus, futures indicating again at the start of trading, take a look, as the Central Banks march meeting begins today at 9 00 a. M. Eastern the markets are lower the dow industrial down 56, the nasdaq 1055 and s p 500 lower by 11 and three quarters. The meeting is coming up and were watching for any clarity on when the Federal Reserve cut Interest Rates this year. Data on deck Housing Starts and Building Permits 8 30 a. M. Eastern. European markets are mixed. Eurozone next down two points, the cat crown up to 20 and dax higher by 30 points. The bank of england will make the right decision on thursday. In asia overnight markets finish mostly lower, the bank of japan raising Interest Rates for the first time in 17 years. That has the average overnight up two thirds of 8 , the others were lower. The worst performer hong kong with the decline of one and a quarter percent. Back at
Was the third negative week. On the s p 500, down. 10 . Second negative week in a row for the u. S. Markets. We continue to see the strength in the boards with wall street fading. We bounced over. 10 . The decent appetite moving on to the poboard. The slippage in the basket of media names. You have Universal Music Group and ung at the bottom of the chart. That stock down more than 1 . The travel and leisure basket at the bottom. Te telcos reversing. Vodafone is weaker at the start. The chemicals basket are giving back territory. Real estate is below the flat line. We push higher. Banks with 1. 7 bounce for the italian lender. 1. 5 pop for the commerce maker. We have retail out pacing industrial. Household goods up. 25 . We have autos with strength. All trading higher. Oil and gas also seeing a further improvement and technology with the top position and modest uptick in europe. Lets take stock with the ftse 100 this morning at 7,731. We are trading above the 7 threshold. Descent bounce
A hearing on federal Law Enforcement use of financial this follows a congressional investigation examine how the fbi and other Law Enforcement agencies have used their authority to monitor the Financial Data of the ameri evidence on generally six 2021. This is just under three hours. Subcommittee will come to order without objection the chairs authorized to declaree to todays hearing on the weaponization of the federal government the chert not recognize the gentleman from kentucky mr. Matthew to lead us on the pledge of allegiance. I pledge allegiance to the flag of the unite states of america. And to the republic for which it stands one nation, under god indivisible, with liberty and justice for all. Appreciate the enthusiasm. [laughter] wi start with Opening Statements and then move into our witnesses the chert recognizes himself or an an Opening Statement. Bignment was colluding with big tech to censor americans as the first thing we learnedlearn but now it is Big Government inclung
Us in a couple minutes. Plus, nova nordisk is experimenting with an obesity drug. And big tech struggles. Apple, those shares are looking for a bounce after a sixday selloff. Tesla, similar story. No longer one of the most valuable s p 500 companies. Lets begin with the 1 billion Equity Investment led by liberty strategic capital. Hes going to join us in a few moments. Got some clarifications today. More data on deposits, the percentage that are insured and so forth. I think its important to know when the former secretary of treasury did a previous deal, which was a deal involving a bank that really was one of the worst run banks in the country, came in, had the bid that was best for the ftic. The cover bid, much lower. It ended up making him a lot of money. Thats being dredged up as somehow against him. The reason i mention that is because the risks may even be bigger here. If only just because were dealing with so many rentcontrol units and the law changed ip2019 to make it so those
Outlined at the Central Banks Monetary Policy before the Senate Banking housing and urban affairs committee. He also talks about the state of the eco inflation, Interest Rates and bank Capital Requirements. This is two hours and 15 minutes. If you would like to give it again you could certainly dor that. The fed has power in shaping our economy. Your job is to promote stable and maximum employment. Today the cost of living is still too expensive for most americans. The fed has one tool available. That tool does nothing to address the cause for wide costs remain too high. Corporations price gouging to boost profits and make the shareholdersrs richer. Higher rates of doomed force, higher Interest Ratesont ons to lower but high Interest Rates are rising housing costs hindering wage growth stifling Small Business that. Now is the time for the fed to decide whether its going to make good on its commitments into families by lowering Interest Rates and the Financial System from wall street ex