Congress can improve the program to help Small Businesses survive the economic downturn. Good afternoon. I am calling this hearing to order. Thank everyone for joining our second official remote hearing. Saying that standing house and Committee Rules are in practice and will continue to apply during remote hearings. Members will be expected to continue to adhere to the rules of the committee and the house. All members are reminded that they are expected to observe standing rules of committee decorum when they are participating in any remote event. The technology we are utilizing to make someres us small modifications to ensure that members can fully participate in the proceedings. Designated by the speaker, the committee will operate according to congressional resolution 965, with particular guidance from the rules Committee Regarding the respective rights of all members participating. House regulations require members to be visible through a video connection throughout the precedent,
Earth. Charles President Trump announcing executive actions on Police Procedures as congress rushes to respond to the mass demonstrations across the country and the changing attitudes across this country. Well get the very latest from the white house and reaction from gianno caldwell. More advancement on today trucks, being called, cheap, available, effective in the fight against the coronavirus. That is helping this market too. Well give you the details. All that and so much more on making money. Charles so all the major indices are higher right now propelled by more evidence of the economys resolve and of course wall street wants steady economic gains. They still want steady fed accommodation as well. Todays retail sales a record, coupled with todays Empire State Manufacturing survey, join that with the may jobs report and the evidence is pretty clear, the stock market rally is not mindless consequence of a army of day traders but a prescient signal after vshaped recovery. President
Quarter gdp. All coming up at 8 30 a. M. Eastern and investor reaction. Reaction from u. S. Labor secretary Eugene Scalia, hes here live at 8 30 a. M. Eastern. Ahead of the numbers, markets mixed. Markets surged yesterday but this morning dow futures up 75 but the s p and nasdaq futures negative. This on top of yesterday when the dow closed above 25,000 for the First Time Since march tenth with big rally yesterday at the close on wall street. As you see the dow industrials up 553 points at the close yesterday, nasdaq was up 72 and s p 500 yesterday up 44. President trump versus social media. White house reportedly set to take executive action to hold companies responsible for stiffing free speech and the Michael Flynn controversy deepens this morning. Attorney general william barr announcing brandnew investigation more unmasking, looking at what happened before and after the 2016 election. Plus major travel destinations returning, las vegas resorts ready to welcome guests once again, d
Is it a u . Maybe its an l. Or perhaps its a z. Or maybe its a w. Or a nike swish. We keep hearing people argue about the shape of the recovery. But this whole debate misses the point. The defining question of this market is very simple. Will we have a depression . Anything that makes a depression less likely causes stocks to explode higher thats what yesterdays rally was about. Even though we gave up some of the gains today, im calling it a consolidation day no matter what dow sinking, nasdaq dipping 5. 4 when you have a bag r big rally yesterday and it us diddant give up everything because of a Late Afternoon sell off, it is a of a kelgs. The issue is not whether well have a rapid v, recovery u, bounce the w, l shape, i dont know the l, of course, is the house of pain for ages maybe we havent started talking about the swish because of the Michael Jordan series. The market slows down dramatically all the people fretting about the shape of the recovery are getting ahead of themselves.
About to see can be viewed in entirety by visiting our website booktv. Org and using the search function at the top of the page. First in february of 2015 the American Enterprise institutes peter appeared on our Author Interview program afterwards where he argued that Government Housing policy caused the 2008 financial crisis. Peter, your new book is called hidden in plain sight, what really caused the worlds financial crisis and why it can happen again. You were a member of the Financial Crisis Commission which was investigating the causes to have 07, 08 financial crisis. What did you see that they didnt . I had been locking at the housing system in the United States, doddfrank and well, im sorry, doddfrank and fannie mae for quite a while before i got on the commission. I had a lot of background on what had been happening in the housing sector, so i was looking for the commission to look into what happened with fannie mae and freddie mac and what role they had played in the housing c