And check out the nasdaq. Also at record levels, a whopping 44 this year. Did you guys all have your money in nasdaq stocks this year . As you know, were not allowed to hold individual stocks. But you can hold nasdaq and qqqs. Its on pace to have the best performance in 2003. You act like you didnt have it. I have a 401 k . You want me to ask. Where do you have europes, steve . In a boat, a couple of boats. Yes, thats right the s p, half a percent. That index is up just 24 this year. And, of course, you made some money in treasuries as well if you invested at the right time. Take a look at treasury yields. There we go. 4. 01 on the 30year, 3. 87 on the 10. 3. 87 on the 5, and 4. 29. I dont know. Do you think 2024 is the year when we disinvert . Thats a question we have to be watching. Yeah, definitely, absolutely. Do you think happens . Why has it been inverted for so long is the question . As the fed does its thing, you would expect a disinversion yield curb. Eventually. It may not ha
Order. Without objection, share off the rise to the clearer recess at anytime. This hearing is entirely on youll test when it secretary the treasury of the state of the International Financial system. Without objection, all members of five minutes within which to submit extraneous into aerials to the chair for inclusion in the record. I will note of the outset of this hearing we have a hard stop as a crew to see the secretary at one pm this afternoon. We will strictly observe it. Now i recognize myself for four minutes to get an opening statement. Welcome, secretary yellen. I appreciate you being here today. Todays hearing is about the state of the International Financial institutions. I want to take a minute to talk about the debt ceiling crisis that we narrowly avoided. First, were all glad that they seized behind us and. No one wanted to default no legislative branch official no executive branch official your statement says waiting until the last minute hurts american credibility i
To see any sort of intervention in the session today . Did just get more jawboning, across from the japanese finance minister and even he seems to recognize that his comments at ba you, because he has put out a statement saying he is watching fx moves with a high sense of urgency as usual. Something he has said in the past but we will watch for a more concrete action coming through the end, holding above that 150 mark. It is really a function of the yield gap between the fed and the boj. You can see the 10 year yield just coming online fairly steady but at that level you are around six times higher than the counterpart in japan. The ggp 10year at yields. A stocks wise traders are focusing in on those bond market moves. And corporate earnings. You just mentioned meta but shares sliding and you can see that after hours move their down around 4 . The warning amongst others and on the economic outlook, so not a great lead into the session today. It is not just earnings in the u. S. There a
The speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers rooms, washington, d. C. May 23, 2024. I hereby appoint the honorable Celeste Malloy to act as speaker pro tempore on this day, signed, mike johnson, speaker of the house of representatives. The speaker pro tempore the player will be loved by offered by chaplain kibben. Chaplain kibben would you pray with me. Eternal god, we pray to you as wepter this memorial day weekend. That you would bless our efforts to honor our fallen heroes. In the fanfare of parades and picnics, barbecues and summers beginning, may we take time to recall the countless sacrifices that were made to defend our freedoms and uphold our liberty. These noble men and women have stood firm. In the face of wars, alarms, and up against the anguish of adversity they would not be moved. May they rest knowing that they gave themselves fully to the work you, o lord, set before them to a
Of some showers. Ill have all the details coming up. Well, good morning. Leading the program this morning. The infected blood scandal in independent inquirys final report is set to be published later on today. Yes. So the scandal has been subject of the biggest ever pubuc subject of the biggest ever Public Inquiry in the uk. After tens of thousands of people were infected with contaminated blood, while Political Correspondent Katherine Forster has more. Some of my friends have said to me, are you sure . Are you sure this is the nhs . Are you sure this is the nhs . Are you sure this is the nhs . Are you sure this is the infected blood . Sure this is the infected blood . Scandal . Is a story so shocking it almost beggars belief. In the 1970s and 80, the nhs gave contaminated blood to over 30,000 people. To haemophiliacs whose blood doesnt clot properly and to people needing blood transfusions infected with hiv or hepatitis c, over 3000 have died. Sue wathen was infected died. Sue wathen