Points at the s p. The dow up 72 points the nasdaq looking to be higher by 32 points in asia we saw a pull back from yesterdays gains off the china u. S. Trade truce hang seng is off just a fraction over in europe, european equities are mostly higher the dax is up by 0. 8 . Perhaps europe is still digesting the news that Christine Lagarde will head the ecb. The first woman to do so treasury yields fell back below 2 yesterday and remains there right now. 1. 895 the global story here, the benchmark german bund yield has fallen to a new record low, negative 0. 385 right now. It was negative 0. 4 earlier. The italian tenyear has gone from 2. 8 to 1. 7 in the space of about three weeks. Lagardes appointment seen not just in the german bund yield as not potential hawk, she will be more dovish, but someone who can operate politically and avoid a clash on the italian budget. Both appointments being European Commission president and ecb president being german and french shows the power brokers,
Over 2 twentytwo seasons with the new york and San Francisco giants and the new york mets the beloved say akid with 660 home runs won 12 gold glove awards and two mpv awars and played in 24 all star games. 1979 in his first year of eligibility he was elected to the Baseball Hall of fame. Willie mays is one the greatest to ever play the beautiful game of baseball but equally impressive is his cairth. He is president of ceo of say afoundation. Provides ecass to education, health care and safe communities. He also workwise institute on aging here in San Francisco. Many bigitaries recognized willie for generous contribution tooz the society, most recently president obama awarded with medal of freedom. Willie mays name is synonymous withsuch giants baseball every game day 40,000 fans [inaudible] greeted by a larger than life statue oof mr. Mays flanked by 24 palm rr trees. The namesake speaks volumes about the franchise and todays event [inaudible] speaks volumes what willie means to the th
Report and the state of the economstate of theeconomy before banking committee. This hearing begins with Committee Chairman tim johnson i call this hearing to order. This morning we welcome you back to the committee for testimony and the Federal Reserve semiannual Monetary Policy report to the congress. Since the chair was the last before the committee, Fisher Bernard and jerome were to effectively carry out the Monetary Policy and military functions. To that end, there are two remaining spots to be filled on the board and i hope for a swift nomination of qualified candidates with expertise in Community Banking as well as tough and effective oversight experience. The fed continues to grapple with many issues to spend both monetary and regulatory policy and look forward to hearing yellens perspective on these issues today. The study path of economic recovery will fall on the Great Recession took a sidestep with First Quarter. The Unemployment Rate has continued to drop in recent months
But we have to match that up with that scene of that same child. And were able to do that. But were actually working now, the problem is this. Is we cannot be a state actor. If we are a state actor, then we harm Law Enforcements prosecution of these cases which we make referrals to. So we dont accept images from Law Enforcement. We push out to Law Enforcement. Having said that, we have a fairly robust and comprehensive inventory, a library so to speak. Because were being fed by the largest e. S. P. s. Thats my concern about this. Is that you do have this huge database of images and yet it seems that Law Enforcement and cases would benefit and their investigations would benefit if they were required to push the image to you, you might be able to make the match. Well, they have access to ours. They have access, and we coordinate through interpol. So there are common databases that have access points. But again, we have to segregate what we receive from Law Enforcement to ensure its not t
Lending such as debt to income and loan to value ratios. As a macro prudential tool that could slow mortgage lending. Im very skeptical that during a housing boom, regulators would ever act aggressively to restrict lending to individuals with high levels of debt or low incomes. In fact, recent experience suggests all the political pressures run counter to that happening. Its also highly questionable to think that forecasters will identify beforehand when these tools should be adjusted during the credit cycle. While Financial Stability can complement the goals of Monetary Policy, its paramount that the regulators strike the right balance without unduly harming the economy. We have a lot of issues to deal with and i look forward to your testimony today, chair yellen. Thank you. Thank you, senator crapo. To reserve time for questions, Opening Statements will be limited to the chair and Ranking Member. I would like to remind my colleagues that the record will be open for the next seven day