Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today bernie is expected to win the california and texas primaries, all hands on deck for the moderates, they are panicked at the thought of the bernie nomination but there is still bloomberg. He says even if he doesnt do well today he is not bowing out. Democrats are locked in a 3way battle, totally split, at war with themselves. Just wait till you see joes latest gaffes, that is plural. Varney and company is about to begin. Tomorrow is super tuesday. I was waiting for a black man to pick me up and
We have that and so much more on making money. Charles call it a comeback, walmart on fire right now. Yet another quarter of strong growth. The results showing that the American Consumer splurging confidentially. Also right now we see auto sales through the roof, home loans are skyrocketing, thanks to you, the American Consumer. Fiscal policy, lots of help from the fed creating many are calling goldilocks economy. Is it too much of a good thing . Lending tree chief economist, and hiha herzog and david dietze of point view wealth management. Walmart numbers are pham noll. Comp store sales 3. 2 , three thousand grocery pickup stores, 1400 same day delivery. You know this is a company as large as it is important as it is people were writing off less than two years ago . 21 straight quarters of growth, thats what walmart as seen. You touched on a point also very important, online growth. Walmart spent a lot of capex trying to make sure that their online growth, the ability to buy things on
President trump. We have live too capitol hill on the breaking stories and allstar panel. All that and much more on making money. [. Charles markets opened much lower. They began to slowly climb higher after fed chair Jerome Powell testified the Federal Reserve optimistic about the u. S. Economy. The fed likely keeping Interest Rates unchanged this coming months. The dow coming down moments ago, neil just mentioned this, on reports china talks hit a snag how large those foreign purchases will be. I want to go to edward lawrence. He is on capitol hill. With more on powells testimony. Edward . Reporter charles, Federal Reserve chairman Jerome Powell says Monetary Policy is in good place. He signaled there would not be a rate cut in december unless data comes in weaker than they thought. There were a lot of questions from representatives on the committee, about the federal funds rate if there is enough room to handle next downturn or recession. Historically they need five point to handle
From their platforms. This is a matter of serious importance to the safety and wellbeing of her nations communities. I sincerely hope we can engage in a collaborative discussion about what more can be done within the jurisdiction of this committee to keep our communities safe from those wishing to do us harm. Today we welcome representatives from the Worlds Largest social Media Companies and on line platforms. We hear from ms. Monika bickert, head of the local policy management for facebook. And mr. Nick pickles Public Policy director of twitter. Mr. Derek slater global director of information policy at google and mr. George salim Senior Vice President of programs for the antidefamation league. Over the past two decades the United States has let the world in development of social media and other services that allow people to connect with one another. Open platform like Google Twitter facebook and instagram and youtube have dramatically change the way we communicate and have been used p
Background sounds. [background sounds] the task force will not come to order. The chair is authorized to declare recess of the committee any time that went out objection. There authorized to participate inconsistent we put the practice. Challenges and opportunities. The chair will now recognize himself performance for an opening statement. Thank you everyone for joining us today for what should be a very interesting hearing on the task force to explain the dangerous threat of Identity Theft. Ai is making it easier. How we can safeguard one of the most important things to have in our Digital Economy. That is our identities. Identity fraud is the usually important problem. In 2018 alone, almost 15 billion is estimated to have been stolen from us consumers online. If this doesnt include the more indirect future cost of having a compromise identity. Today criminals have lots of tools. They get sensitive Consumer Financial data, and there is a complicated situation that a member of Congress