Julia all right, folks, lets get started. We are once again being filmed, so when you ask a question, come up to the question mike, state your name and your school and keep your questions nice and concise. It is my great pleasure this morning to introduce you, Nick Penniman. He was the founder and ceo of the American News project, and others. In 2015, he coauthored nation on the take, which was which received praise. Former george w. Bush indications director Mark Mckinnon and Bernie Sanders. He serves on nonprofit boards and advisory boards, including the homeless apartment project. Lets welcome Nick Penniman this morning. [applause] responsive politics and the homeless improvement project. Responsive politics and the homeless improvement project. Let us welcome him. [applause] thank you, and thank you for the Washington Center for having me here this morning. I heard from anne that some of you all, this is the first time you seen snow. Is that correct . To see a show of hands, becaus
Up huge in the morning only to nose dive in the afternoon and recover as we approach the close. After what i regard as a crazy session. What do you do in the market goes haywire well i will tell you what i have been doing, you fall back on longterm themes many so you can use these gyrations to your advantage. Like two of them we are going to feature later on in the show many of you are scared of buying on the way down. I understand that. You fear something is happening. Something bigger and badder that you dont know about that is almost never the case. Given the fabulous rank in the economy both here and around the globe, i think we can handle it. No Systemic Risk right now i want to look at this risk the same thing you approach a flash sale selloffs may not last long enough to make it to the mall before they vanish so you need to have a list like the kind of list i put together for club members where you say thats it, time to pull the trigger. This way your decision market is bloodles
Good morning. Welcome to Worldwide Exchange. Im Courtney Reagan. Im dominic chu weve had a huge run for the stock markets. We are seeing green on the screen for the u. S. Futures picture. Take a look at this. The dow will open up by about 130 plus points. The s p 500 by just around 14. The nasdaq also up by about 48, 49 points. A green picture yet gep. Take a look at the tenyear treasury note yield after a big week of inflation data the tenyear treasury note yield is moving slightly lower we are off of some of the highs we have seen as things stand, 2. 89 is where the u. S. Tenyear treasury note yield stand. We went above the 2. 9 mark over the last couple of days. A big focus in Interest Rates still. We are showing at least for right now some signs of stability. The tenyear hitting that highest market yesterday most asian markets are closed for the Chinese New Year japan, the market closed higher for the nikkei, 1. 19 . The bank of japan governor rea pointed for another fiveyear term
Lower because inflation Interest Rates are heading higher, there is a surprise in the numbers today. Retail sales actually fell in january no explanation, but a surprise. So this is where we stand after three days of gains, stocks down this wednesday morning. Throughout the show we will ask now what . We also have good news, more good news from olympics american team, the old half pipe star has returned, Varney Company about to the guys been around a long time. The latest medal count, germany has the most gold so far. The netherlands leads overall. The u. S. Is days. On a personal note, this medals count for countries. I prefer to celebrate extraordinary individual performance. Everyone should win one. Youre putting the metal cow. Stuart i admire your attempt at humor here. Ashley its about winners. Im for america winning the most gold. Believe me. Future is down because inflation is that. Down 200 though. Catastrophic for the dow. Lees peek columnist and creature router to the hail. A
The impact on the markets. Fed chair jay powell steeping out on cap hill. He signals the fed will keep raising rates. On that note lets go to senior economics reporter Steve Liesman for more highlights. Thanks very much. Yeah, fed chairman Jerome Powell in his first testimony before Congress Says that he doesnt believe this is going to happen, but one of the risks out there is an overheating of the economy. And he opened the door in a very subtle way to a possible fourth rate hike. Saying, you know what, the economy is strong. Weve had fiscal stimulus. His view on the economy strengthening as well. Heres what he said. Weve seen fiscal policy become more stimulative. So, i think each of us is going to be taking the developments between since the december meeting into account and writing down our new rate path as we go into the march meeting i wouldnt want to prejudge that. Heres what jpmorgan says about that economy todays comments appear to open the door for others on the committee to