On capitol hill, what is the anticipated first two questions going to deal with . Will it be regulations or his personal conflicts of interest . I was just outside the Senate Finance Committee Hearing room where a bevy of activity is taking place as we anticipate this hearing to get started at any moment. Already looking to define him as someone who is out of touch with the middle class. They even have former clients of one west bank and they will talk to reporters. Recruitedchin has other folks looking to argue quite the opposite and that he was able to help people particularly low income folks merger. One west the take away there will be a lot of pressure on his previous financial dealings. To marsha question blackburn, a republican, about how they will defend. Will come back to that and in a moment, thank you. Let me go to jim milstein. It sounds like they will talk character and so forth as opposed to actual policy. Does he get confirmed . We will see. Onhink they have the votes th
Finance committee in about an hour. Well bring it to you live. Plus netflix boom ten years after launching its u. S. Streaming service. Netflix crushes earnings expectations. Not just its largest quarterly subscriber gain in history. And ecb leaving rates unchanged. Nasdaq futures pointing to a mostly flat open but dow on pace to drop for a fifth session in a row. First up, more trump cabinet picks heading to the hill for more confirmation hearings including Steven Mnuchin, president elects choice for secretary treasury to appear before Senate Finance in about an hour. Expected to be grilled on his role overseeing foreclosures while running one west which was indymac, also expected to be asked whether he agrees with weaker dollar policy, a lot to get to today. Look, i was involved with in indy mac, which he bought, people are willing to leave their homes before they leave their cars and it was the most reckless there was and they reamed me on it. And this guy went and bought indy mac a
Now treasury sect nominee Steven Mnuchin testifies before the Senate Finance Committee Help faced questions on hi as ceo of one west, bank that foreclosed on thousands of home owners after the 2008 downturn. This portion of the hearing is three and a half hours. Committee will come to order. Welcome to this more mornings hearing. Well discuss the nomination of mr. Steven mnuchin to serve as secretary of treasury for the Incoming Trump administration. I want to officially welcome mr. Mnuchin for to the finance committee. I certainly appreciate your willingness to appear before us here today and to serve in this important position. The position of treasury secretary is among the most important in the executive branch. The next treasury secretary will be asked a lot of questions that are going to very, very important here today. Well be talking about advancing policies that will improve our inagurations economic and fiscal outlook. This position oversees the collection of taxes and the ma
Again. And im humbled to have been a small part of that. Our job is to be ready on day one. The American People can be confident that we will be. Let me say to all of you, we look forward to seeing you tomorrow. It will be a humbling and moving day for the president elect, for his family and for me. Let me tell you, we are all, we are all ready to go to work. In fact we cant wait to get to work for the American People to make America Great again. Thank you very much. Well provide that information for you at the end of the briefing. Thanks. Thank you, mr. Vice president elect. I think he speaks for all of us when we say we are truly excited for tomorrow. There is historic change coming. It is infectious. The entire team is looking forward to this, now that were 24 hours out of this. So the president elect continues to make edits and additions to his inaugural address. We will have further updates for you on that. I know it was asked yesterday, in the speech, its going to be a very perso
hatch and his staff for working with me to support me through this process. i would like to introduce my fiance louise linton and my children, emma, j.t., and dillon who are with me today, and thank them for their unwaiver support. i would like to introduce my brother, alan mnuchin and his wife alessandra and my father robert mnuchin who has always supported me and taught me that hard work, determination, and the ability to bring people together can make anything possible. i would like to acknowledge my late mother elaine turner cooper, who was an inspiration to me. i would also like to acknowledge my grandparents, emanuel and matilda turner, who were also a tremendous influence in my life. my grandfather was a first generation american whose father