4 00 oclock on wall street, nasdaq up 300 and s p higher by 67. Wild fires raging up the west coast this morning, several people now dead, homes destroyed and evacuations underway. Many areas bathe in orange glow of fire. Almost open for business, new York City Restaurants can allow Indoor Dining at the end of the month but there are strict rules to follow. In the next hour a Restaurant Owner and lady gagas father joe is here to talk about the state of the Restaurant Industry and whether his daughter will take a seat inside. Sky high technology, we are introducing you today to what some are calling the smartest and best drone yet, Android Industries Palmer Luckey is here 8 30 eastern with exclusive announcement and back to grid iron this morning. Fox sports is back and bringing nfl along with it. We have a preview of games to expect. Mornings with maria is live right now. European markets trading mix, the dax index is higher by 43, we are waiting the European Central banks decision out
Good morning, everybody. The hearing will come to order. Today were going to have a video hearing with ms. Sally yates, who was the acting attorney general for a period of time in january of 2017 and was the number two at the department of justice in early january 2017. Ms. Yates appeared before the committee on may 18th, 2017. That was before the Mueller Investigation really got started. It was before the horowitz report about the Mueller Investigation was issued, and i believe much has been learned since may of 2018 2017. And we would like to discuss certain topics with ms. Yates. My view of ms. Yates is that she exercised good caution and legal judgment in january of 2017, and if people had followed her advice, things might be different today, so i just want to let you know, ms. Yates, from my point of view, you analyzed the situation fairly correctly, and we will get into that later on. Whats the purpose of this hearing . Its to ask questions of ms. Yates knowing then what she know
Technical has laid a big role. We were talking about the 200 day moving average, 3000 on the s p 500 and it was a resistance level until it wasnt. I was looking at the etfs that track hong kong stocks. About up twot point 1 . So relief that the president did not announce any new tariffs. He is not going to touch the phase one trade deal. All the other movements and announcements he made are largely priced in and as far as the measure is concerned does not change the big picture. Romaine lets bring back the chief Investment Officer at Deutsche Bank wealth management. Idea of thebout the fed support here and the idea that a big part of this rally, a huge leg of it, is resting on that fed support whether what is done already or what it said its going to do. Is there a risk that should the fed start to pull back and say enough is enough, do we have enough confidence the markets can continue higher on its own without that support . So, romaine. Bt the feel the fed has been essential really
He is going to the cdc. Well talk about the tornado response in a moment. The big Economic News out of the white house though is the shift in approach when it comes to the virus. Tell us about that. Indeed. It came from the top economic advisor. Every month he does these roundrobin interviews with all the financial networks. Kudlow wanted it to be absolutely Crystal Clear with anyone who would listen to him that right now the Trump Administration is considering some economic measures in response to the coronavirus. This is a bit of a 180 especially here. Kudlow also made it clear this wouldnt be some sort of big money dump to the tune of hundreds of billions of dollars. We are not looking at big expensive macro cash rebates, helicopter money from the sky that never works. We want to have this targeted in a timely fashion for those areas that have been hit the worst. You hear him talking about targeted and timely. Ive heard him use that phrase at least a dozen times. He said this is sti
Good. The steering will come to order. I want to thank you witnesses for your efforts as they are wed to the current have to call it a pandemic at this point with covid19 karate coronavirus. I think it is important we put ever in perspective. I asked my Committee Members to include my Opening Statement in the record. Fail towe often recognize and put this in proper perspective. Let me battle off a couple figures. Worldwideal cases ended up being less than 29,000. In the mist of that crisis, we were talking about this spreading and it could be a Million People. Which would have been a huge problem because ebola had a mortality rate of already percent. In the end, because of effective action on the part of the world health organization, Obama Organization administration, we prevented that from spreading. Less than 29,000 people contracted that. We have had other topics of ebola where we are Getting Better at it. We have developed effective vaccines that helped protect Health Workers and