It is wednesday ear in new york city. I am erik schatzker. I am stephanie ruhle. So much news breaking this morning. It would be a blockbuster all the action is in washington. Janet yellen will be back. Rememberces committee its chair by republicans. It is alive right now. It has kicked off. There will be opening statements. Lets take a few minutes to take in our chief washington correspondent peter cook. Lets talk about the kind of question janet yellen will be facing . Senatorsbecause the are a little more gentle but also because this is a committee shared by republicans who have strong feelings about the fed. That is right. It starts with the chairman who basically spent the last few months as chairman of the committee trying to review the Federal Reserves hundred year history, specifically talking about legislation that would change if they rein in the Federal Reserve. That will be a big focus for them and will likely come up throughout the day. The committee does not like freelanc
Before july 7. All 12 districts reported Economic Activity continued to expand since the last beige book. Characterized the growth as moderate. The other seven, modest. Boston and richmond saw a slightly slower pace of growth. Consumer spending helping to drive much of that growth come especially in car sales and tour is him. Consumer spending continued to increase at a moderate pace since the Previous Report with generally modest growth among nonauto retailers and moderate to strong growth in be cool sales and tour is an activity. ,or districts reported robust very strong auto sales with more optimism from all districts for the months ahead. This is interesting. Richmond mentioned that recalls were weighing on car sales while chicago noted an increase thinks to the recall. Other highlights, tourism activity increased across all districts. The same story for manufacturing. A different one for real estate. There is the beige book saying Residential Real Estate continued to vary by distr
Of the current Interest Rate environment, but we dont try to time our decisions based on capitalizing on Interest Rates at the moment. I think for the long term, maintaining the deep and liquid u. S. Treasury markets is something thats very important to u. S. Economic security. You dont need to time it. Look at the deals apple and verizon did for multiple billions and know its better paper, i believe, than apple. I think we have the best paper in the world. And i think that the markets around the world refleblcted th. Theres a reason the dollar is the worlds reserve currency, why the appetite for u. S. Treasury debt is to high. I think, you know, as you look at the way weve created new products, its really reflected the evolution of market appetite for different kinds of products, and well continue to try to be innovative in terms of introducing products that help to keep the deep liquid markets that we have, but i think any attempt to try and design our products to capitalize on an In
Judge to pursue civil rights communication. Becoming the first of many legislative victories over the next 50 year that is have been critical tools for protecting civil rights. Throughout the past 50 years, our university has been grounded by the legacy rendered by the out comes of the dedicated commitment of countless locals, as well as National Civil rights activists. Signed in law on july 2nd, 1964, the Civil Rights Act outlawed segregation. Todays keynote speaker, attorney genric holder has made protecting civil rights a tough priority of his administration at the department of justice. In his commencement address, he offered the following insight about the future path of civil rights in our country. It is not enough just to open the gates of opportunity. All of our citizens must have the ability to walk through those gates. This is the next and more profound stage of our civil rights. I believe that presentations and discussions in todays symposium highlight the critical importanc
Again and said, ill bet it makes you mad, dont get . [laughter] that was such a good start, i told all over iowa. Scott, you might be the ones turning it around. [inaudible] thats what i did. You probably heard in utah. You are exactly right. Let me see if i can do to i wanted to make four points. Let me see how quickly i can make it. Went i think about my job as United States senator given my background, i think about how can i give bill haslam more tools to be a better governor . Because i know if i give them those tools he will do something with them. And i think of the federal government in the internet age as a place where we ought to invest in things that empower states and people to do things for themselves. Kind of in the way apple created ipad with that telling you what the app is, you can create an app and a lot of people can use it. So here are four tools that we worked on, three in a bipartisan way, one is not one is partisan in washington by dont think it is so much among