Prove it. Got an insanely addictive gain for econ nerds everywhere. Power lunch starts right now. Welcome to power lunch. Econ nerd Brian Sullivan with three hours left in the trading session. Stocks, as you can see, at session lows, mildly in the green. But if this recent trend continues, it may not be for long. Trying to lead the dow higher at this hour, you got merck and other names out there. As you can see, the dow is up just 19 points. Goldman sachs doing okay. And were pleased to have seema mody riding shotgun with us today. Hi, everyone. Im seema mody. Heres what else is up on power lunch at this hour. Housing starts falling more than expected last month after two straight months of gains. U. S. Attorney general Loretta Lynch says this weekends explosions in new york and new jersey are being investigated as an act of terror. And the National Hurricane center says Tropical Storm lisa has formed in the atlantic. It is not expected to make landfall in the u. S. Lots to get to this
The meeting is coming to order and were going to declare the recess at any time and its called sem annual system on the sup super vision and i recognize myself for three minutes to give an opening statement. As we know the act decreased way beyond the monetary responsibilities. The act is made the fed omnipotent. Through the exercise of the heightened standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh wrote that Central Bank Power is premisable when the scope is limited and the track record strong and the aaccount blt assured. None of that do we observe today where as the feds has taken us and the big banks are now bigger and the small banks are fewer and the Economic Growth lags and theres evidence that the economy is more stable. Two mu fed authorities granted under dod dx frank have been problematic. The see kra si make it impossible to measure the over sight or the integrity of the test findings. As columbia has testifie
Bennet. Lord, we praise you for his diligence, integrity, intellect, and courage for he has left exemplary footprints for us to follow. Be with his beloved widow, joyce, comforting her and his loved ones and friends in their grief. Lord, we also remember Sergeant Christopher eni, officer jacob chestnut, detective john gibson, and Sergeant Clinton holtz, u. S. Capitol police who gave the last full measure of devotion. Remind us that earth has no sorrow that heaven cannot heal. Today give our lawmakers the singularity of heart to seek, find, and follow your will so that their legacy will also be exemplary. We pray in your merciful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Mcconnell mr. President . The presiding officer the majority leader. Mr. Mcconnel
And we be the calculations show that this can be funded especially in the federal gears with no addition at all to the deficit. Finally preschool for all promotes access to all day kindergarten and encourages the expansion of highquality programs to include kids only in low income populations but middleclass as well. We also have a 250 milliondollar Grant Program for preschool development which will help save local agencies and governments build a fundamental component of that highquality preschool program. You heard it hear first applicationhere firstapplicatioe at the end of july for that program. We will continue to work with you and states and communities to ensure that our youngest citizens have access to learning and pay paradigm for success in school and life. Let me turn to the teachers. The president s plan for 2015 continues and built upon a significant focus on teaching and learning from the administrations first term. Several years ago the administration officially launched
Great is it on the Rearview Mirror . You watching Market Makers. We have breaking economic news. The fed index, scarlet fu has the headlines. We are going to cover it here. The philly fed index coming out at six points, way under expectations. It is the worst since march 2013. 2013 . Pardon me, march 2014. Everyone is talking about how strong the u. S. Economy is, how great we are doing across the board. This is a surprise. I did not expect this. Horrific retail Sales Numbers yesterday for the month of december. Two pieces of Economic Data about the pace of the u. S. Economic recovery and ultimately , not just the demand of consumers. We are going to talk about the greatest buying opportunity in the month of january. Top Global Finance and business stories of the morning. Switzerland rock Financial Markets around the world. They lifted its policy of capping the swiss franc against the euro. A huge move against the dollar. Swiss stocks plunged. Switzerland is an export reliant nation by