Reserve vice chairman for bank supervision. Idaho senator mike crapo is chair of the banking committee. Thank you very much. And would the witnesses for our hearing please come and take their seats and while theyre doing that, senator shelby cant be here for his questioning time and so hes asked for just like a minute to make a quick statement. Ill be real quick today. I just want to say i wont be here. Ive got to preside over a appropriation hearing. But i believe that president has sent twous two good nominees. One we waited a long time for the vice chairman for the supervision of the fed. I think these are outstanding nominees. I hope you the hearing goes well and we can expedite the nominees and get them in place. Thank you. Thank you, senator shelby. All right. The hearing will come to order. This morning well consider the nominations of mr. Joseph otting to be comptroller of the currency and randal quarrels to be a member of the board of governors of the Federal Reserve system an
Reserve vice chairman for bank supervision. Idaho senator mike crapo is chair of the banking committee. Thank you very much. And would the witnesses for our hearing please come and take their seats and while theyre doing that, senator shelby cant be here for his questioning time and so hes asked for just like a minute to make a quick statement. Ill be real quick today. I just want to say i wont be here. Ive got to preside over a appropriation hearing. But i believe that president has sent twous two good nominees. One we waited a long time for the vice chairman for the supervision of the fed. I think these are outstanding nominees. I hope you the hearing goes well and we can expedite the nominees and get them in place. Thank you. Thank you, senator shelby. All right. The hearing will come to order. This morning well consider the nominations of mr. Joseph otting to be comptroller of the currency and randal quarrels to be a member of the board of governors of the Federal Reserve system an
Statement. Ill be real quick today. I just want to say i wont be here. Ive got to preside over a appropriation hearing. But i believe that president has sent us two goodnominees. I hope the hearing goes well and we can expedite the nominees and get them in place. Thank you. Thank you,senator shelby. All right. The hearing will come to order. This morning well consider the nominations of mr. Joseph otting to be comptroller of the currency and randal quarrels to be a member of the board of governors of the Federal Reserve system and vice chairman for supervision of the board of governors of the Federal Reserve system. Welcome to both of you. Thank you. And congratulations to you on your nominations to the important offices. I see that you have friends and family sitting with you. I welcome them heretoday as well. These two positions are critically important to ensuring a safe, sound, and vibrant Financial System. Were fortunate to have two highly qualified individuals to consider for the
Appropriation hearing but i believe the president has sent us two good nominees. We waited a long time on the vice chairman, supervision for the fed. I hope the hearing goes well and we can expedite these nominees and get them in place, thank you. Thank you, senator shelby. The hearing will come to order. We will consider the nominations for the comptroller of currency, joseph otting and Randal Quarles to be a member of the board of governors of the Federal Reserve system and vice chairman for supervision of the board of governors of the Federal Reserve system. Welcome to both of you and congratulations on your nominations to these offices. You have friends and family sitting with you and welcome them here as well. These positions are critically important to assure a safe, sound, vibrant Financial System. We are fortunate have two qualified individuals to consider for these posts. Joseph otting bring particular understanding of the Banking System from a long career in national service.
Calling his fire and fury ultimatum a load of nonsense. Not even holding the 22,000 level for the dow right now. Its at 21,941. Down over 100 points as investors flee to the safety of the safe haven assets, plus, President Trumps battle with Senate Majority leader Mitch Mcconnell rages on for the third day now. The unicorn ipo as prove numbers and trust me they are not looking today, Charlie Gasparino will break it for us. Welcome, everybody. We are less than an hour to the closing bell right now. Lets start the countdown. Lauren stocks drop for the third day. The dow, s p and nasdaq and even the little guys, the russell 2000 are in negative territory. This could be the first time all three close lower for three days in a row, First Time Since april. The nasdaq is the worst performer today, down 1 and a half percent. Investors are fleeing to the safety of u. S. Debt, the yield on the tenyear treasury, 2. 1 . Gold, that looks good in times like this. This is where nervous investors put