Nejra welcome to surveillance, with another record on the s p 500 yesterday. We could have another flat day. What will earnings bring . Thanksunderperformed underperformed banks underperformed. The fed decision is a big focus point at the end of the month. Yearrday, we saw the 10 bund yield dropped the most in four weeks. Edging up a basis point. Coming up, great interviews for you today. The acting managing director of the imf, david lipton at 10 a. M. London time. We begin with citigroup vowing to keep cutting cost despite managing to save more than expected. Trading revenue dropped 5 , Investment Banking slumped 10 . The chief executive says this year it aims to return 12 on tangible equity. Nancy pelosi says the house will vote on a resolution condemning President Trump for his attacks on four female lawmakers. Says the comments wont distract them from pursuing their agenda. Have beenents tweets widely condemned. If you are the leader of a great multicultural, multiracial society,
Announcement. Michael mckee has the details on who will take the job. Michael we have a replacement forecaster, george, he is jeffrey smit jeffrey schmidt, the ceo of the school of banking at Southern Methodist university and will serve out the fiveyear term. He can be reappointed in 2020 six. He will be a Voting Member of the fomc in 2025. Hes a nebraska native, he began his career in 1981 as a field examiner based in the ftse in kansas city and he follows a trend at the Kansas City Fed because Esther George and her predecessor or Bank Examiners, and 1989 he became president of American National and oman moved on to mutual of omaha, the Insurance Company as per german and ceo. He has been running a familyowned bank in dallas, graduated from the university of nebraska, has a Business Administration degree, he is not an economist. He will take office august when he first, two or three days before the Kansas City Feds annual jackson hole symposium begins. So he will be there in time to g
Try to level set a little how they Congress Really think about this issue and the bridge and so forth. I will be essentially channeling out our block career and what im going to talk about. Alan auerbach that ebv perfect objective moderator for the session for that purpose. But also in thing assay is called for i out his phone number toward the end. Just kidding. So federal debt. In particular we heard about the 34 trillion the federal debt is in you. The 30 fort wayne dollars debt is not really that alum referred to in japan and other places where this trust funds with the government will come to the undead. What we really care about is the debt held by the public. Thats ultimately what the government owes and veteran 27. 5 children. Its that world war ii levels right now but, of course, one big difference is that it is increasing as far as the eye can see. Thats not the current projection. I will post my slides for people so i will touch a few things on each slide and in particular w
By 0. 1 . In the last 24 hours, the president of the United States is heading to israel. Tom per is no other story today. There is no other story today. He is basically traveling to a war zone. Jonathan he wants to present prevent the conflict from enveloping the whole region but how to develop a plan to get aid into gaza. Lisa thats one of the key components with the talks with tony blinken. I find it interesting that President Biden will be going to israel and going to jordan right after, entering the zone with Security Issues and Strategic Issues and have the u. S. Will influence this. Tom im reading on the turkish war in world war i and its amazing the parallels to right now. We are out front on diplomacy. Someone asked the secretary of state where hes been and he said he can remember. They have parallels to 1914 as they try to avoid war. The daily mail in london today talks about the tunnel structure of hamas, 40 feet underground and maybe as many as 300 tunnels. Thats the reality
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