To the primespeak minister and we are joined by the Deputy Governor of swedens riksbank. We will also be speaking to the Prime Minister of italy. Ceo. He saudi aramco there are plenty of good interviews coming up. Trumps new trade barriers are putting more pressure on the nafta talks when they resume later this week. Ont is as important taxes washing machines and solar affect canada and mexico. We are working very hard to make sure our neighbors to the south recognize how important nafta is and that it benefits not just our economy, but his economy, and the World Economy. Very much open to re trade deals involving more people. Has withdrawner the offer he made last week to give donald trump more than the initial 1. 6 billion he requested for the u. S. Mexico border wall. Republicans called the move a step back in the continuing debate for immigration. Donald trump tweeted, crying Chuck Schumer understands that if there is no wall, there is no daca. The u. S. Federal reserve governor Je
Russell 2000 up by. 78 . West texas at 53. 13 up 1. 48 or nearly 3 . The 10year note theres the yield at 2. 28 . The price is lower, the yield a little bit higher. Mandy drury today on the floor of the nyse with bob pisani. Seems like this has been where all the actions been this week, ty. Seemed like the likely place to come down to. Bob, fantastic job yesterday covering the big event. But in terms of todays action, we opened up with big volume. 249 to the up side. Why are we losing steam here . I think there is some realization that greece is still very iffy and china, the gains yesterday, theres a lot of companies that respect even trading there. Some people are saying we dont know whats going on in china. The bottom line is were keying off of greece and china. We did have very smooth opening at the New York Stock Exchange. The nyse said that outage was caused by a Software Rollout that caused Communications Issues between customers. Talk about that later. But it was a strong open a
Regulatory changes, but firms are also changing their own Risk Management practices in some sense in some cases in a more conservative direction. We have seen an increase in algorithmic and High Frequency trading. That may be leading to changes in market trading practices. In the Corporate Bond market there have been increased reporting requirements that may be reducing the desired sizes of trades. All of these factors could potentially account for whats going on but we have not yet been able to figure out what the contribution of each is or just how serious. The concern is while daytoday and normale time of most measures of liquidity seem to be roughly unchanged, there is a concern in stress situations it may be and weve seen some cases where its less available. In any market you need risk and liquidity, do you not . You dont have a market would you the . We need liquidity in markets. Maybe even highleveraged banks were exposed and providing high liquidity and vulnerable if liquidity
Congress and nonfiction books. Here is what is happening on cspan2. Janet yellen tells lawmakers the outlook for in the rates part of her second day of testimony on capitol hill. Then democratic president ial candidate Hillary Clinton talks about her corporate Profit Sharing proposal at a town hall in dover, New Hampshire. And Congress Asks us soccer officials why they didnt expose the scandals in fifa. Janet yellen was back on capalitalol hill today saying it is likely the fed will raise Interest Rates. She highlighted improvements in the Labor Department as well. This is an hour and 45 minutes. These hearing are among the new opportunity we have for public discussion with the chairwoman of the Federal Reserve. They manage the supply of money and monitoring the health of the system. Through the special programs the feds Balance Sheet expanded to an unprecedented size of 4. 5 trillion trillion. 20 of all treasury securities are hailed on the feds Balance Sheet. Furthermore, rather than
That. Some people suggested recently that american works need to be willing to work longer hours. I dont think Many Americans work fewer hours by choice unless there are Health Issues or child care limitations or other responsibilities. I think Many Americans working part time would like to work full time. The slack in the labor market seems to indicateu kateicate we have a ways to go. Discuss the concern for the number of workers working part time but would like to be in the workforce. We have a larnl share of the workforce, believing it is around four and half percent working less hours than they would like to work. The broader measure is the measure of the Unemployment Rate we normally look at is 5. 3 . Broader measures that capture that part time for economic reasons a measure like you six. We have a picture in the Monetary Policy report and we show how high that is and of course it is always higher than the narrowing concept of unemployment it is very much higher than you would ex