The Federal Reserve announcing another program that primary dealer Credit Facility this is one of the biggest programs the Federal Reserve has yet to do. It is call the kitchen sink of lending programs it provides shortterm, overnight, and term funding up to 90 days for a broad range of assets i can tell you the kinds of assets that now primary dealers can bring to the fed to get funding. Investment grade corporate debt, securities, commercial paper, municipal securities, mortgagebacked securities, assetbacked securities, even Equity Securities excludeing etf. Bring us your poor, tired, hungry, weak the fed is saying bring us your paper, well, obviously, give it a haircut but well also lend it overnight. So now the fed, implementing almost all, still a few left of the financial crisis era programs from the Great Recession that had in place today. It put in place the commercial paper facility and has really long Quantitative Easing Program and bringing rates down to zero. What is left i
Implemented properly. Agriculture, nutrition and Forestry Committee members talked to farmers, Rural Utility Service officials and Healthcare Industry leaders about issues impacting Rural Communities. Including access to Rural Broadband, Water Infrastructure and Health Care Services and agricultural production. Good morning. I call this hearing of the Senate Committee on agriculture and nutrition and forestry to order. Todays hearing advances this committees continued oversight of the department of agricultures implementation of the 2018 farm bill. A principle duty of this committee is to ensure that the department had the authority and resources to provide the agriculture producers with the necessary tools to feed a troubled and hungry world as well as this country. But the responsibility of the committee and the usda does not stop there and it is critical as Partnership Supports businesses and the electric cooperatives and telecom providers, schools and clinics and the product manufa
Captioning performed by vitac families in Rural Communities are also concerned about access to health care. Especially with the Mental Health and Opioid Crisis taking a devastating toll on small towns. We address this head on through expanded telemedicine to provide critical treatment for those who suffer from addiction and mental illness. To ensure that every family has safe Drinking Water, we prioritized rural Water Infrastructure investments for small towns. Rural communities need strong locally owned businesses and good highpaying jobs. Rural Small Business investments are critical to creating jobs, promoting entrepreneurship and revitalizing main street. In michigan where we make things and grow things, agriculture and manufacturing are both at the heart of the economy. Thats why we created opportunities to support bio based manufacturing. Companies are creating new products from americangrown crops. We also provided permanent funding for value added agriculture grants to help far
Reduced share count, we also announced we would increase our dividend by 10 . Hsbc first half net profit tops 18 billion more than doubling on the year before sending shares to the top of the stoxx 600 Ceo Noel Quinn says they will gain from the performance. If all goes to plan this year, we should be above the prepandemic level we are paying a flat 10 cents. Investors in high spirits as diageo posts a beat in full sales and operating profit the ceo says double digit net sales in beguinness is a driver for the group. People love guinness right now. And daimler helps offset pressure with the bullish guidance for the trucking sector we will hear from the ceo martin daum this hour we certainly have been following the busiest weeks for earnings across europe bmw released their numbers for the full year outlook. Updating the full year outlook the margin is at 12. 6 for the first half of 2023 also saying that it is 11. 3 when one just takes a look at the three months of the Second Quarter fo
Leaders are not allowing lengthy debate. Later this week theyll take up a bill funding defense related programs, also for energy, water, legislative branch, v. A. , military construction. Votes later. Live coverage now here on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Lord our god, thank you for giving us another day. As they are returning to the capitol, please be with the members of this peoples house and all their undertakings today. You know them through and through. You know how they relate with one another and know them as the American People do as the 115th congress of the United States. Lord, help them to know you. As ultimate truth, send your spirit upon them that you might find a dwelling place among them so that all your people can place trust in them as leaders as well as their representatives. May all that is done this day be amen. Ur greater glory the speaker pro tempo