Is it a u . Maybe its an l. Or perhaps its a z. Or maybe its a w. Or a nike swish. We keep hearing people argue about the shape of the recovery. But this whole debate misses the point. The defining question of this market is very simple. Will we have a depression . Anything that makes a depression less likely causes stocks to explode higher thats what yesterdays rally was about. Even though we gave up some of the gains today, im calling it a consolidation day no matter what dow sinking, nasdaq dipping 5. 4 when you have a bag r big rally yesterday and it us diddant give up everything because of a Late Afternoon sell off, it is a of a kelgs. The issue is not whether well have a rapid v, recovery u, bounce the w, l shape, i dont know the l, of course, is the house of pain for ages maybe we havent started talking about the swish because of the Michael Jordan series. The market slows down dramatically all the people fretting about the shape of the recovery are getting ahead of themselves.
The Senate Banking committee thato the Senate Banking commite that the cf pp director to capitol hill to answer questions. Spinnaker hearing will go toward her. Today we will receive testimony from cfp direct her Kathy Kraninger. Including the rulemaking seemed supervisory regulatory activities. The report also provides insight into what the cfpb plans to undertake in the upcoming were period. Consumer protection is vital for the properly functioning Financial Market it is best determined by the robust quantitative analysis. Under director and Kathy Kraningers leadership ensures that they are datadriven, appropriately tailored to satisfy the obligations and based on sound evidence and legal support. Thereve been promising changes that are cfpb leadership under Kathy Kraninger but it remains abundantly clear that the fundamental structure of cfpb must be reconsidered to make it more transparent and accountab accountable. Last week the Supreme Court heard arguments for the cfpb case that
Activities. The report also provides insight into what the cfpb plans to undertake in the upcoming were period. Consumer protection is vital for the properly functioning Financial Market it is best determined by the robust quantitative analysis. Under director and Kathy Kraningers leadership ensures that they are datadriven, appropriately tailored to satisfy the obligations and based on sound evidence and legal support. Thereve been promising changes that are cfpb leadership under Kathy Kraninger but it remains abundantly clear that the fundamental structure of cfpb must be reconsidered to make it more transparent and accountab accountable. Last week the Supreme Court heard arguments for the cfpb case that examines the constitutionality of the Leadership Structure. March 2, 2020, the wall street Journal Editorial Board referred to this as a constitutional case of the year and stated that the question presented goes to the heart of the separation of powers and whether the Administrative
In the days and weeks ahead, we expect to see the number of cases, the number of deaths, and the number of affected countries to climb even higher. W. H. O. Has been assessing this outbreak around the clock, and were deeply concerned both by the alarming levels of spread and severity, and by the alarming levels of inaction. We have therefore made the assessment that covid19 can be characterized as a pandemic. Pandemic is not a word to use lightly. Or carelessly. Its a word that, if misused, can cause unreasonable fear or unjustified acceptance that the fight is over. That the fight is over, leading to unnecessary suffering and death. Describing the situation as a pandemic does not change w. H. O. s assessment of the threat posed by the virus. It doesnt change what w. H. O. Is doing, and it doesnt change what countries should do. We have never before seen a pandemic sparked by a coronavirus. This is the first pandemic caused by a coronavirus. And we have never before seen a pandemic tha
Movers. Here is what is new at this hour. Mingling with the titans of Silicon Valley, oracle billionaire Larry Ellison is hosting a fun raiser for President Trump on the west coast before the president heads to arizona where he will have a Campaign Rally tonight. Were live on the scene. Plus billionaires debut. Mike bloomberg getting set to make his first appearance on the debate stage as his democratic rivals get is set to attack him. The growing homeless crisis in the state of california. How one city there is addressing the problem as dozens of people are literally setting up camp in rvs along a major highway. Melissa that is a pricey spot. Hillary vaughn is live in rancho mirage, california. Blake burman at white house. Jackie deangelis on the floor of the New York Stock Exchange. Hillary, lets start with you. Reporter melissa, this is not the first time oracle founder Larry Ellison hosted a sitting president at his exclusive invite only golf club, Porcupine Creek this is the first