Came as americans drove more. The council also cited lower gas. Rices global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. Live from bloomberg World Headquarters in new york, i am scarlet fu. Joe i am joe weisenthal. Selling phones on stronger retail sales and Consumer Price inflation numbers. Joe the question is, what did you miss . Haslet Andrew Puzder withdrawn himself from consideration as u. S. Labor secretary. Act on capitol hill telling my birth of the house that the economy is in pretty good shape and so are americans, even under doddfrank. Plus, we will hear from the regulatory what watchdog. This thoughts on the future of Monetary Policy and banking regulation. Look at where the major averages stand as we head toward the close. Abigail doolittle is standing by. Moreil another day, records are heading to the close. Day five of simultaneous record highs. The s p 500 now up 11 days in a row. That is the firs
[gavel pound] the committee will come to order. Today we will receive testimony from Federal Reserve chair janet yellen, regarding the feds semiannual report to congress on Monetary Policy and the state of the economy. It will come as no surprise to you, chair yellen, that improving Economic Growth is a key priority for congress this year. Priority for congress this year. 2016 was the 11th Consecutive Year that the us economy failed to grow by more than three percent. One way to improve our Economic Growth is to study and discuss areas where regulations can be improved. Since the financial crisis regulators have imposed thousands of new pages of regulations. We all need to better understand that combined impact of these rules on lending, liquidity, cost for small Financial Institutions and broader Economic Growth. It is time to reassess what is working and what is not. I am encouraged by President Trumps executive order on Core Principles for regulating the Financial System. Directing
Have a look at where european equities are trading right now. Just under 30 minutes until the end of the monday session. Ninth daying for the in 10, the highest level in the stoxx 600 since december. All these currencies rising against the dollar. No trading in the u. S. Because of the president s day holiday. Mixed performance look at the innch twoyear yield france, commodities and credit isault swaps the spread the yield difference between the friends french tenure and german 10 year. Risk. A measure of a lot of goings in france over the weekend. We have had polls that show the National Front leader has improved her chances of winning the election. She still below 15 below 50 but her chances have risen versus the last month or so. Potential we had the for unification of the left candidates, but it did seem as that theye weekend were exchanging barbs, so a unified candidate less likely. The concerns would be if they unified, they would reach the second round and if marine le of her, t
It is 2 and a half hours. The committee will come to order. Today, we will receive testimony from janet yellen regarding the feds semiannual report to congress on Monetary Policy and the state of the economy. It will come as no surprise to you that improving Economic Growth is a key priority for congress this year. Was the 11th Consecutive Year that the u. S. Economy failed to grow by more than 3 . One way to improve our Economic Growth is it to study and address areas where regulations can be improved. Since the financial crisis regulators have imposed thousands of new pages of regulations. We all need to better understand the combined impact of these rules on lending, liquidity, cost for small Financial Institutions, and broader Economic Growth. It is time to reassess what is working and what is not. Im encouraged by President Trumps executive order on Core Principles for regulating the Financial System. Directing the treasury secretary in consultation with the heads of the other mem
China a currency manipulator. We are 30 minutes away from the open of trading this friday in china and hong kong. It has been a pretty tepid day across markets in asia, really pulling back in terms of risk appetite. Sophie is taking a look at how the markets are faring. Asia, major markets in in the red. We have the dollar holding up following Steve Mnuchins remarks. Areo have resources stocks on asian markets this friday, this as the commodity rally is seeming to stop. In japan, the nikkei 225, lower for a third day, but toshiba, 8 , thisgains of coming from news that it is weighing a westinghouse chapter 11 bankruptcy as an option. Toshiba shares, certainly in focus given the story around not only its westinghouse unit but its chip stake sale. We also have the kospi snapping a fourday advance. Extending theg, 8 , drop. It is due to be listed march 7. In australia, the a sx 200, being dragged a six 200, being dragged by copper and iron ore prices slumping. Both gold and crude hold gai