Minutes. If we need a second round, we will try to accommodate that and also try to accommodate those that have had to run out for votes and will come back. Chair yellen, all of us sitting up here today would love to wake up to headlines in the wall street journal, headlines in the new york times, pictures on the front page of financial times. I have all these things that highlight you this morning as person of the day. I dont expect you have that same enthusiasm waking up every morning, but were certainly pleased to have you here today. I would like to turn to congresswoman maloney, our Ranking Member, and mr. Teaberry and ask him to take a moment to speak to us as the new congressman. Thank you, ms. Yellen. I look forward to your testimony in advance of the Congress Meeting in which you will decide whether or not to raise the federal funds rate. I am interested in hearing your perspective on the following issues and others. What Current Trends do you find most important do youin help
Of calcutta will be made a saint. The Nobel Laureate dedicated her life to helping the poorest of the poor. Up, in business we will be telling you how growing Security Fears are driving Government Spending decisions, and Defense Budgets are set to rise by billions next year. That and more on the way. First, our top story. The latest round of international talks on syria are being held today at the u. N. The United States and russia are heading up that Security Council meeting to push efforts to try to end the war that has been dragging on for over four years. A main sticking point, it is still the future of syrian president Bashar Alassad. For more, lets bring in our international commentator, douglas herbert. There have been multiple attempts to use. This crisis. What about hopes from the you can seeof doug some positive signs going into it. You had Vladimir Putin in moscow saying to a News Conference that the differences have been narrowing between the two sides, and he believes russ
Thats after Francois Hollande sat down with president obama after he tried to get a new russia against the Islamic State groups. Tunisia kmps it was a suicide bomber that blew himself up on a bus that left at least 13 dead. Thats the countrys third major terror attack this were. Also coming up for you this hour, pope francis heads to kenya to kick off his first ever visit to africa. But security concerns are so high the pontiff could be forced to change up the itinerary for the final leg of this trip. And something new and shiny in french pockets from today. If youre in the euro zone, that is. Hell be taking a look at the euro note in the update. That and more on the way but first our top story. Nato and the United Nations are asking for calm after turkey shot down a russian warplane. One pilot was killed in the incident but the second who parachuted out of the plane is now safe and on his way to a Russian Air Base nearby. Turkey says the plane violated its airspace for 17 seconds befo
Highgrowth names got nailed today, facebook, amazon, google, starbucks falling hard. What is it about the high Growth Stocks getting punished . What does this mean for the broader markets, if anything . B. K. , what do you say. For the high Growth Stocks we know that this has been the quote, up quote crowded trade. Look what happened today in multiple markets. A lot of people ask me what happened with the dollar today. One of the big trades out there was to be long european equities and short of euro, but when the dollar started to fall that meant that people had to unwind that trade which then also led to taking risk off in other areas so you started that happening early in the morning. Bled over to facebook, amazon, the fang names and people are just getting risk off at this point selling what they can and questioning whether or not that greet is there. Then you had the turnaround in the banks and that was the sector just yesterday i mean, today, still underperforming, but we had a n
How the euro bank could be prescribing a strong dose of economic medicine. At least 13 people have been killed when a bus was hit by shelling in the eastern ukrainian city of donetsk. The attack happened in a part of the city under control of prorussian separatists. This is the approximate area that is right now under the control of the separatists in ukraine. We have a report. A city bus shelled the passengers killed instantly. The force of the explosion was so great it blew out windows of a nearby building. We live in fear every day. Every day we wait for something nasty from over there. Its unclear whos behind this attack in the divided city of donetsk, but it happened in an area controlled by prorussian separatists. In recent days, theyve engaged in heavy fighting with Ukrainian Forces for the citied airport. The violence underscores how fragile talk of truce is. Just hours earlier the russians and ukrainians agreed on a procedure for pulling back arms. Today there has finally been