Weve organized todays hearing. The 2016 election, the American People made a resounding call to drain the swamp. That is modern washington. And sadly this is a bipartisan problem. The American People have lost confidence in washington and especially in congress. And it isnt hard to see why. Enmeshed in back room deals and broken promises, our capitol has too often become a political playground for the powerful and well connected. For members of the permanent Political Class looking to accumulate more and more power at the expense of american taxpayers. As part of his promise to drain the swamp, President Trump strongly endorsed and campaigned on passing congressional term limits. Though our founders didnt include term limits in the constitution, they feared the creation of a permanent Political Class that existed parallel to rather than within american society. As Benjamin Franklin observed, quote, in free governments, the rulers are the servants. And the people their superiors. For th
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out and clearly blamed iran on that. That could have been a
Higher than expected. Plus tesla shares, well, they continue to have a very rocky ride this year. In fact, they are the worstperforming stocks so far on the s p for 2024. Another firm cuts their price target on that stock. And former treasury secretary Steven Mnuchin telling cnbc just last hour that he is putting together an Investor Group to try to buy tiktok or the u. S. Business of tiktok. Lets begin with the Market Reaction to ppi and retail sales as well. Last months decline, a little bit tight. As you mentioned, the market trying to look past it, struggling to do so, maybe. Cpi this week, you had these big treasury auctions that maybe we thought it would knock the market potentially off course. Now, there was a hiccup lower in the indexes, and bonds definitely are registering this hotterthanexpected inflation number. Tenyear up to 4. 22 . If this were an acutely feddependent stock market, it might matter more on a daytoday basis to equities. Its not been the case. If you dial bac
The job. Joe, you are in statuary hall were all of it is happening. This evening is about policy and presentation and also about pomp and circumstance and atmosphere, what is the atmosphere right now . Plenty of that to go around here. Its noisy room and a festive one here in study lori hall which is just outside the door to the chamber of the house of representatives statuary hall. Speaker mike johnson just skimmed through. Many members of the house and senate Milling Around now, waiting for the president of the United States, joe biden, who will soon be piling into a motorcade and making his way to the other end of pennsylvania avenue where we are waiting. To your point, there is a lot on the line tonight. We will hear about policy, but so many people will be watching his posture, his tone, his ability to see energetic as chief of staff. And there are folks wondering whether they will find the spontaneity he found last year to work this room, and the people at home. Yvonne adlibbing
Realize that fully. No, its not. Its a replacement for so now globally, gloves it, but its a very big contribution and our pods would have been the very big contribution on our pots. So solving the african continents food problems and its uh no books of kick when comes to plants and youve been asked for that rates. So you crate in the offensive. Its not a bad rate of advancement, its a failure. So this is what it looks like for, you know, and i hope it keeps looking like thats the i see. And you can then just as i just wanted to say that russia has never refused to talk to an image. Mister president. He mentioned this and i confirmed to this today, russia has never refused to negotiate a 3rd, then it cuts out on like the move like you. Yes. Participation of the daughter industry, especially in the guard. So the Forest County is countrys most in need. African countries is that a didnt missing notice in the money opposite. The grain is processed, done it within an hour of to deflower mak