The committee will be in order. The chairman is on his way. He wants me to give my Opening Statement and hopefully he will be here. Ere honored to have chairman powell. We thank him so much for testifying today. I look forward to hearing your the current state of the economy and the potential challenges ahead. Like to thank you for your thoughtfulness as you help through what omy in some ways are extremely times. Ging as you have said in your testimony, by some measures, our strong. Is the National Unemployment rate duringom 10 at its peak the Great Recession to only 4. 7 President Trump took office. And it has continued to fall. Only 3. 6 . Ds at addeconomy has continued to jobs now for 109 consecutive months. Than nine years. Inflation remains low. Feds target. Wages are moving up though not as fast as we would like. Ways. Is weak in other but other measures tell a very story. Nt g. D. P. Growth has slowed, third below 2 in the quarter. Job growth is also slowing. Lagged behind the l
Provide an outright majority but the party more than doubles its seats. The Third Largest in parliament. Saudi announces it will sell up to 0. 5 of shares to Retail Investors and stays mum on what could be the worlds ever largest mistake. Well, good morning and welcome to street signs a check on markets and how they are fairing this morning a wall of red for asia and nikkei down a quarter of a percentage point but a big move for the shanghai currencies. Big mover in the hong kong index here this after Hong Kong Police opened fire on protesters during todays morning commute, leaving one man in critical condition. Now, these latest demonstrations come after prodemocracy lawmakers were arrested on saturday it weighed on stocks in asia, as i have been recounting shanghai actually the lowest, the most its dropped in the last four months for more inform oiation on whata been happening getting sold on rare week day violence as weekend unrest rolls over to the citywide protests on monday drops
It always leads us to our road map. It starts not with the stock market but with the big Company Named walmart and its shares, which are set to open at a new all time high. The retailer delivers an earnings beat, also forecast what is quote a good Holiday Season plus, Global Technology spanning slowdown concerns, cisco shares, they are sink ahead of the bell as we told you. Rain or shine, we always like that he will be with us for an interview and Elizabeth Warren on attack. The president ial hopeful dropping a fierce new campaign ad today shes targeting a handful of outspoken billionaires who have criticized her publicly. Many of them right here on our air. Lets get to shares of walmart they are on track as i said to open at a few all time high, quarterly earnings, Comparable Store sales up for a 21st consecutive quarter and ecommerce sales, get this, 41 in the u. S. Was what they were up that was helped by growth on what they said was Online Grocery. Walmart also raises its full year
About we works toxic phone booth. Jason and a special summit on security. They have got a new exhibit called revealed the hunt for bin laden. We begin with our top stories. In the politics section, it is lights, camera, impeachment. Jason House Democrats count on public hearings to bring to life testimony that has already been given behind closed doors. Your is billy house in d. C. What we saw was concern on the part of state Department Officials about back channel diplomacy by rudy giuliani, and evidence, hearsay evidence, secondhand evidence of what they were hearing trump was up to. Kailey how long can all of this really go on . What is directly next is this upcoming week of four hearings, four separate hearings, including what could be the biggest one, that of Eu Ambassador gordon sondland, who is the one who may have had the most direct contact with President Trump on whether or not he wanted to withhold aid in return for investigations. The House Intelligence Committee is hoping
Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange busy market day. Were going to start with tesla obviously, elon musks reveal of the companys new cyber truck. Phil lebeau has more about the window shatter heard around the world, phil. And a lot of people are watching that, carl. Cant say the unveils from tesla are boring they showed the cyber truck last night, the design had people saying whoa, what is that. When you look at this truck, it starts at 39,900 when delivery starts in late 2021, early 2022 range of 250 and 500 miles right now, analysts are underwe underwell whunde underwhelmed the appearance was met with criticism. Colin rush says we anticipate the majority of consumers will not be inspired by a vehicle so different from current norms as for the armor glass windows and failure, heres what elon musk had to say. We threw wrenches, literally threw the kitchen sink at the glass and