Steve, youre talking about how cold its going to get for us here in the bay area. The third day is even easier. This morning, a record low of 33 in 2012 and the city at 44 and Oakland Airport at 42. Theyve got to get to 41 to tie a record. The coldest temps to the north but its cold everywhere. Frost advisory till 9 00 and critical minimums and heelsburg 29 and lot of 32nd and napa and American Canyon and the rain will be confined along the san mateo coast otherwise sunny to mostly sunny and could get a few partly cloudies later today and overall, theres a line going down towards monterey. Highs on the cool side today and upper 50s when the next system arrives and shows up on saturday. Till then, were looking for cool temps but at least itll be sunny or mostly sunny to some unless youre on the coast. Thank you, steve. 7 02 and theres 1, 181 confirmed cases of the coronavirus here in the bay area this morning with 27 deaths in our region. Santa clara, San Francisco, and contracosta coun
Welcome to the second day of the policy conference. Im the ahead of inflation, oddities research and fidelity in boston and today we have the pleasure of hearing the latest views from the 13th president of the World Bank Group determined he began last year prior to joining he served as undersecretary of the treasury for international affairs, founded a Macroeconomic Research firm and served as the chief economist while many of us know him now as a policymaker there is a very long history in the private sector economics. When i was chatting with a friend of mine he mentioned the best moderators are funny, fluid and forgettable. With that, the floor is yours. Im very pleased to be here. Ive got some notes and then it is nothing as to tell people about and am looking forward to the conversation and the National Association the meetings were one of my favorite in the 1980s when i was at the Senate Budget committee and the joint Economic Committee select switched on to be back and see some
The World Bank Group determined he began last year prior to joining he served as undersecretary of the treasury for international affairs, founded a Macroeconomic Research firm and served as the chief economist while many of us know him now as a policymaker there is a very long history in the private sector economics. When i was chatting with a friend of mine he mentioned the best moderators are funny, fluid and forgettable. With that, the floor is yours. Im very pleased to be here. Ive got some notes and then it is nothing as to tell people about and am looking forward to the conversation and the National Association the meetings were one of my favorite in the 1980s when i was at the Senate Budget committee and the joint Economic Committee select switched on to be back and see some old friends. The 1980s was an important time for u. S. Growth but like today, the years presented challenges for growth especially for the developing countries theres quite a few topics today but the one id
From the honorable randal quarles, Federal Reserve vice chairman for supervision; the honorable jelena mcwilliams, chairman of the fdic; and the honorable rodney hood, chairman of the ncua. Welcome to all of you. This hearing provides the committee an opportunity to examine the current state of and recent activities related to the regulatory and supervisory activities of these agencies. It has been over a year now since the enactment of s. 2155, the Economic Growth, regulatory relief and Consumer Protection act, and the work of the agencies to implement most of the laws provisions, including the tailoring rules for u. S. Banks and u. S. Operations of foreign banks. Your agencies should also carefully review the existing supervisory frameworks and make any necessary adjustments to appropriately align them with the tailoring rules and requirements. On july 30, 2019, all of the Republican Banking Committee members and i sent a letter to the federal banking regulators urging your agencies
Trade tensions recession concerns Interest Rate worries and nowolitical drama. Despite it all, stocks stayed steady. Lets run through the numbers. Today on the last day of the quarter, the Dow Jones Rose 96 points to 26,916. The nasdaq added 59 5 the s p 500 was up 14. For the month, all of the major averages were higher. And for the quarter, the tow and the s p were up, but the nasdaq dipped slightly. Now comes october, a month that historically is volatile. And the next big hurdle earngs. For the Third Quarter officially out of the way, the markets are still on track to end the year strong. Investors are going to be fixated on the next big catalyst and that is earnings. This next great earning recession fear that dominated the First Quarter and the fear that companies would lower earnings expectations in the second half of the year because of the tariffs and trade wars none of this has ever come to pass. Earnings have heldel steady and remain roughly flattish for the second quarter,