Having the best it infrastructure is very important so thanks again to karen and team for working on the budget. Next in terms of june and Board Meeting, you may have noticed it seems we have ebb and flow of long and briefer meetings. The last meeting of the quarter is more packed with topics. The same will be true in june, so we apt there will be closed session items, quarterly performance review, likely changes to the its related to the approved new Strategic Asset allocation. On the administrative side, provide a update on strategic plan, election of president and vise president and might have policies to approve. A lot of big items to cover in june and wanted you to be aware that might be a longer meeting. With that, as you know, in the materials we always have the board calendar, the conferences and training and this quarters travel expense report. Open up to any questions. Any questions . Thank you. Public comment, please. Do we have inperson Public Comment on this item . Seeing
You talked to a lot of people on the street and they said, the deficit has been a concern for 30 years and its never matter. If you bet on this, you will be wrong. Heres a perspective of why it matters and why people care. Love these people. You mapping out from the market view why the deficit matters in terms of dollars and sense that had to be paid out in the near term. I think as we just talk about and as we shall come when something continues to grow than we do probably need to Pay Attention to it at some point when the debt could become an issue. I think there are three double ways of tackling this on market perspective that we should really get whats going on with treasury auctions. Whats going on with how much of that is maturing which is what this chart is showing, specifically if you can see in the chart, i i know three lin, topline is market interestbearing public maturing and when your list. Let scale about 9 trillion, that rolling over. If you add to that the deficit which
New york city who is helping us to h great and educated guide fr teachers speeded you canan finih watching this if you go to our website at cspan. Org. We will live there to take your life to a conference on federal spending and debt. Current debt, which is around 100 of gdp is at a level we havent seen since world war ii and is a growing cause of concern. Tackling this problem presents a variety of challenges. Today were fortunate to have a group of very smart and accomplished people who are going to share their insights. Well get to hear a variety of perspectives. To do this, we have a mix of panels, discussions and speakers. Well hear about the economic and fiscal challenges caused by the debt. The impact of debt on invests and consumers, the roles played by Social Security. Approaches for analysting fiscal policies and finally a discussion of potential policy options. And a number of dimensions of the debt challenge. For our first panel we have two distinguished speakers, arguably
Of this bearish bond market. The increase in the Interest Rates has created havoc among multiple fronts, like a giant grim reaper that cuts down sector after sector. Thats how you get days like today. Which at one point was so ugly but rebounded at the close. Dow finished off. But nasdaq held up, finishing strong. Keep that in mind, plus seven. Well have to spend time on the nasdaq, it was truly incredible. But the damage can be extreme. Comstock, on many times. American electric power. Great location, and what happens . Aep turned out to be piggybacking off the bond market. Now its gotten double whammy. The company is always financing and paying out generous cash to the shareholders, meeting air quality demands. But with the collapse of the bond market, a fine company like aep has seen his stock obliterated. The house of pain. You cant escape the grim reaper of higher bond yields. Kellogg, this north American Cereal Company and kellanova for snacks. Theyre taking it on the chin from t
of the hostages they say more than 30 are children with the youngest being a 9-year-old baby. meanwhile the israeli army is conducting raids deeper into gaza city, capturing terror suspects it says were involved in the attacks. let s start with our cnn white house reporter, kevin. kevin, we saw the information emerge earlier with the white house saying this 3-year-old is one of the american hostages being held by hamas. reporter: that s right. the timing is interesting. as it appears, there s intensifying pressure on benjamin netanyahu, the israeli prime minister. you saw large protests in israel over the weekend calling on netanyahu to do more, and now the white house saying one of the hostages is this 3-year-old toddler, and they revealed that information in a readout of a phone call that president biden held with the amir of qatar. all of the partners are trying to come up with an agreement to secure the release of the 200-plus hostages being held in gaza. the white hous