Morning, bloomberg surveillance on bloomberg tv and radio. Your equity markets are highly unchanged. We start in the bond market, twoyear, fiveyear, 10 year, 30 year. Cycle highs. Tom global wall street is focused and quickly nonglobal wall street will get focused. There has been a shift. It could be because of israel or this, that, or the other thing. Statistically we reached a tipping point. Jonathan is this a substitute for further reaction from the Federal Reserve . Lisa you will be speaking today at noon. Yesterday tom barkan said that the problem with allowing the long and to do the work for you is that it moves. Although right now it seems to be moving in a more restrictive place. Im curious. The fact that we had risk off yesterday and at the same time we saw bond yields reach the highest levels going back 16 or 17 years across the curve, what does that tell you about the new haven status about the treasury market . That is going to be an underlying angst. Jonathan the communica
The speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers rooms, washington, d. C. May 15, 2024. I hereby appoint the honorable keith self to act as speaker pro tempore on this day. Signed, mike johnson, speaker of the house of representatives. The speaker pro tempore pursuant to the order of the house of january 9, 2024, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties with time equally allocated between the parties and each member other than the majority and minority leaders and the minority whip limited to five minutes, but there no event shall debate continue beyond 11 50 a. M. The chair recognizes the gentlewoman from pennsylvania, ms. Dean, for five minutes. Ms. Dean mr. Speaker, National Womens health week empowers women and girls to prioritize their unique health journey
Hinsey. President kinsey. President director. So present. So present. Director kahina walking right in. Thank you, chair. Ekin right in time here. Egan present. We are expecting director hemminger. Although however, director yekutiel is not expected today. You do have a quorum and for the record, i note that director hinsey is attending this meeting remotely. She is reminded that she must appear on camera throughout the meeting and in order to speak or vote on any items places you on item number three the rigging and use of cell phones and similar sound producing Electronic Devices are prohibited at this meeting. The chair may order the removal from the meeting room. Any person responsible for the ringing or use of a cell phone or other similar sound producing Electronic Devices places you on item number four approval of minutes for the september 19 meeting. Director hemminger directors. Are there any changes to the september 19th minutes . Seeing none, please open Public Comment for a
Comment has been set and noticed for this meeting. The phone number to use today is 415 a6550001 access. Code 26638999497. When the item is called, ill star three to enter the queue. Commenters will have up to two minutes to provide comment unless otherwise noted by the chair. Please speak clearly, ensure youre in a quiet location and turn off any tvs or computers around you. We thank you for your cooperation. Places you on item two. Roll call director henderson. Here. Henderson. President director hinsey. President kinsey. President director. So present. So present. Director kahina walking right in. Thank you, chair. Ekin right in time here. Egan present. We are expecting director hemminger. Although however, director yekutiel is not expected today. You do have a quorum and for the record, i note that director hinsey is attending this meeting remotely. She is reminded that she must appear on camera throughout the meeting and in order to speak or vote on any items places you on item nu
Up next acting labor secretary testifying on her department 2025 budget request the proposal totals 13. 9 billion focuses on creating pathways to good jobs and protecting workers. She has served as acting secretary since march 2023 she is still waiting to be confirmed as labor secretary over a year after President Biden first nominated her. House education and Workforce Committee hearing is three and half hours. The committee will come to order. Note there is a quorum. Actingng secretary ms. Su i know Vice President harris ezell lobbied hard to drop the acting from your title only a vote of the full senate can grant to that promotion. This is something they have rightly not seen fit to do. Today marks 417 consecutive day in which you have ledol the department of labor, the dol as acting secretary without the cost which is required advice and consent of the senate. It effectively abrogating the Senate Nomination process the Biden Administration has treated the constitution as but a foot