[ applause ] i want to help you make some money. Are you ready . [ applause ] they secure our skies with a commitment to the shared ideals that bind us as americans. Now mad money takes flight to help give them the tools to secure their financial future. A place where the sky was never the limit. Where falcons fly. This is life at a different altitude we are here to celebrate those who fly, fight, win. From the United States air force academy, mile high, mad money begins now lets fly [ applause ] this year were getting a head start on veterans day the United States air force academy in Colorado Springs. We salute the brave men and women in the armed forces who protect our country. These people right here will go on to be natural leaders with a passion for keeping our nation safe and passion is a terrific thing. I met people who have a passion for jirumping out of airplanes. I declined we thank them for all they do. Now passion comes in all shapes and size ssizes. Cra americans know abo
Well come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled the end of Affordable Housing, question mark. A review of the Trump Administrations plans to change Housing Finance in america. Before i recognize myself, members today its mr. Mchenrys birthday. If anyone wishes to sing happy birthday, please save it until later. Thank you. We all thank you for that, madam chair. Happy birthday. And i now recognize myself for four minutes to give an Opening Statement. Good morning. Today were here to discuss the impact of the Trump Administrations Housing Finance reform plans. We are joined by treasury secretary Steve Mnuchin, h. U. D. Secretary ben carson, and federal Housing Finance agency director. Welcome. Let me say up front that the Trump Administrations Housing Finance reform plan would be a disaster for our housing systems. The Trump Administration is threatening to end the conservatorship of the enterprise
Expectations china vowed to retaliate against u. S. Tariffs set to go into effect september 1 were now on track for a higher open lighthizer said its not possible given your past behavior so an awful lot to absorb today. Very interesting that the futures are up exactly the amount they are right now. They issued a very strident set of words toward us at the same time, announced stick l stimulus for hong kong where is what the president said on twitter what happened and without that, i think theyre going to view the olive branch of moving back to december as an illadvised move because the chinese arent playing ball were going to have Chuck Robbins later on this hour the chinese derailed their outlook. Asking them not to bid on business things are getting very, very tense. If we let that dominate the headlines and forget to look at what walmart said today, i think well have a false narrative because of how bad things are. Remember, we are not a big export nation. But yeah, the gloom is pr
The move after reporting results. Noti those Conference Calls kicking off. That one, bige fraud than enron. Allegations about the company, ge, having its worst day in more than a decade after a whistleblower, a highprofile one, called it bigger than enron fraud wise we will have the full fallout we begin with the topsyturvy thursday for your money, wild market swings on wall street she is down, she is up, she is down, she is up. Many investors left with their heads spinning falling yields china headlines, consumer data, all driving big moves. How should investors navigate all of the volatility . Guy, i will start with you it has been a week where we begin with 10 tariffs coming in, market goes down the president then says, well, im going to postpone for some, the market goes up yesterday the yield curve goes negative today back up. First of all how do you deal with in great to have you on board . Nice to be back. The cheapest thing you can do, tyler, you werent here a week or so ago bu
Pace for the Third Straight weekly loss, could a friday rally turn it around and great debate, recession or slowdown. Two wall street titans weighing in this morning. And ges ceo wants investors to know he believes in his company as the stock suffers its worst day in over a decade so we do not need to tell you were heading into the final trading day of this volatile market week. The three major indices, each down 2. 4 week to date the s p and the nasdaq still posting double digit gains for the year with the dow not far behind interestingly were almost exactly at levels we were on this date a year ago in both the dow and the s p today were left with the conversation of the moment, is this a walmart, an nvidia market or a deere and a cisco market. And that focuses you on the two big arguments. Is the consumer Strong Enough to carry you through, or is Business Sentiment and Business Cycle deteriorating to a point where you have a problem all right, and we continue to look at yields around