Just like year, the unlikely reformer, carter glass and financial regulation. The format today, matts going to talk for however long he wants. We have a few images to supplement then hell take some questions, so come on up. Welcome. Id like to thank chuck and the other people at the Historical Society for having me here today. This is a strange introduction. I had a funny thing happen getting here. I live in chevy chase, maryland, and i didnt want to drive and look for a parking space so i called lyft and they came within a minutes. I was barely putting on a tie, learning how u to tie a tie again and when i get in as he was pulling away, i realized i did not put a belt on my trousers so i had visions of being on cspan with my trousers falling down, luckily, chuck brought me a belt. Youre saved from that, if not my speech. Ill talk for 20, 25 minutes then take your questions. Carter glass was a major figure in American History. A recent writer, richard farley, called him quote, the sing
Me as a Landmark Book on mutual funds by Oxford University press early in the last decade. He followed it up with this book just last year, the unlikely reformer carter glass and financial regulation. The format today, matt is going to talk for however long, we have a few images to supplement his discourse and then you will take some questions, right . So come on up. applause id like to take chuck and the other people for having me here today. I live in cherry chase, maryland and i did not want to drive and look for parking space so i called a lift and they came within a minute. I was barely putting on a tie in learning how to tie a tie again. When i got in the lift as hes pulling away, i realize i did not put a belt on my trousers. I had visions here being on cspan with my trousers falling down. Luckily chuck and one of his colleagues brought me a belt. You are safe from that at least not for my speech. I will talk for 20, 25 minutes and then take some questions. Carter glass was a ma
Each year. We are thrilled francine could join us on the simulcast because we actually got lucky with what has happened with the scheduling. In france, with some shockingly weak Economic Data. Francine this is pmi. What a delight to be spending four or five hours together. I think they are trying to see who breaks first. My money, i dont know if it is on me are you, actually. We will see after the second hour of the simulcast. France coming out with pmis that were pretty terrible, and that has taken the market by surprise in europe. There was that and germany. Both leaders saying they are hoping not to go into full lockdown again. I know you are also watching the u. S. Postmaster general testifying to the senate. It has really captured the. Magination of europeans tom weve got to postmaster general testifying today, and the huge backstory is do they fold the post Office System challenges into further stimulus. Jeanne zaino made it very clear it is to mr. Trumps benefit to have that dea
Fbn power to prosperfbn power to prosperp . Prospern wer to Prosper Network ahead i with georgia doug collins, next hour mornings wit, stay with us. Bu vo at audi, we design cars that exhilarate with versatility, whether on the track or the everyday drive. Ilosophy extends to how we connect at your door. Ether a remote test drive, audi at your door can do this and more at participa audi at your door. Ma go thanks so much f[z im mari june 17. Fbtoeast coast coronavirus cases once again aases. Good news on pandemic this promise inngatients. Federal reserve chairman powell capitays there are sig rebound in the uncertnty remains and ier n pushstimulus. Markets are higher, were at the highs of the futures indicatinge will see of yesterdays big rally. The dow 58, ands p 500 up expected retail sales yesterday fueling a rally for stock and at the close the dow inde 526 points, better thanthe nasdaq was 170 s p was up 58 yesterdayofr olice an executive order pushingor training. Emphasized thepo
Are watching cnbc. Good morning and welcome. We are keeping a close eye on the rally in airline stocks. You can see hear the industry reaching the Biggest Airlines in america up 5 to 7 to 8 this morning in trade. The dow would open down by about 358, s p losing about 45, implied. The nasdaq down by 104, 105 if these future losses hold into regular trading after the opening bell 9 30 eastern time today. This is after a broad rally where the dow dropped to 560 points and the nasdaq capping the first fourday winning streak since early february. In the bond market, we are seeing a bit of movement there more mark theedly to the day dropping down 21 basis points. Noticeable move lower in the 10year benchmark note yield the 30year at 1. 31 there oil prices after closing down yesterday, the lowest since late last month, the iea is out with a new forecast this morning saying Global Oil Demand will fall this year by a record 9. 3 Million Barrels a day. Wti trading at 19. 70 they say this erases