Testified on increasing housing supply at reducing costs for borrowers but this before the Senate Banking committee. Its an hour and 45 minutes. [inaudible] [inaudible conversations] committee on Housing Urban Affairs is called to order. Thanks to the two witnesses joining us. Home is more than four walls and a roof for the play and do their homework home as we plan for the future and build wealth. Home is millions of families during the middle class. Homes are an anchor in our lives for too many families are in the country home they can afford and build their life around feels out of reach. I hear it and ohio, hear from everywhere from people mine by the city similar to where i grew up in mansfield. Fiftyfour apartments for working families just opened 54 partners at 50011 interested families but i hear it from rural Washington County in Southeast Ohio marietta, church town, they struggled for years 48 homes for seniors right here in Franklin County in central ohio, columbus populatio
Stoppage of Alaska Airline flights across the country. What were learning about the impact to travelers here in the bay area. Good morning. Thanks for joining us. We begin with a live look at sfo this morning, as you can see, this is one of the many airports impacted by the nationwide ground stoppage for Alaska Airlines. This is because of a computer issue. Fortunately, those planes are flying again. Bob redell joins us from oakland international. A lot of travelers are still going to be dealing with the residual delays. How bad is it out there . Reporter fortunately, not bad at all. Oakland International Says they only had four theys, two outbound, two inbound, and those delays were 30 to 40 minutes. No cancellations. There is one flight to hawaii that was delayed a couple of hours. Sfo said they had five Alaska Airlines flights that were delayed on departure. The faa ordered the ground stop for alaska and horizon air at 7 30 this morning because of that computer issue. The problem wa
High, a little bit lower than what weve seen in the last few days. But, again, all of these markets kind of waiting to see what the cpi signals today if inflations getting worse or not. The first couple of years, were in that seasonal oneoff situation or youre in a situation where you have higher prices moving their way through the line once again. Check out precious metals. Commodities across the board have been higher. Gold at another alltime high. You also had silver hitting its highest level since june of 2021. Copper at its highest level since the beginning of january since 1 18. Aluminum higher. All of these things reflecting commodities across the board. Cpi is a little hotter. Goods inflation is a little hotter. Well see. Weve had shares on the other side of the vote, what they thinks going to happen. Im in the Roger Ferguson camp because i try to follow people who have been right. Tom lee has been right too. Thats the thing. Hes been betting on the markets, and he thinks this
Democracy. A look that what challenges the property Insurance Market. Witnesses discussed the impact of rising Interest Rates, oversight of state Insurance Marketplaces and insurance providers departing california, texas and other states his hearing is on the Senate Banking housing and urban affairs committee. [background noises] [background noises] [background noises] [laughter] [background noises] the command banking housing and affairs come to order. Welcome back witnesses who have been here before and welcome colleagues and staff. The first hearing post labor day. A few Financial Decisions are more important than buying a home. Homebuyers make an investment in themselves, their families, their communities. Homebuying is an act essentially active optimism. It is also stressful. Families buying a new hole have so much to think about making sure they cover their down payment, navigating the mortgage included thing a process. Ovmoving in, getting kids set ua new school theft shall divi
Upon buying is a act of optimism. It is also stressful. Families buying a new home have so much to think about, making sure they are covering their down payments, moving in, getting kids set up in a new school if they have children. Homeowners are confident that their monthly Insurance Premiums will provide a backstop against the physical and natural other dangers or incidents or accidents noting their coverage can help homeowners speak better at night. Or that is how it is supposed to work. Owners have faced a surprise when it is time to renew. Homeowners have spent time years making their payments without fail are shocked to find their insurance or too many cases will not renew their policies at all. Entire markets leaving consumers with few options that cost more. Consumers are counting on their insurance now more than ever. Since the beginning of the year to country has experienced 15 weather disasters, each resulting lay losses of more than 1 million. 15 million 15 weather disaste