The close even though it had been there intraday. Beenrange chart we have looking at for months, weeks, it is starting to turn bullish. The range between roughly 2600 and 2800, all back to the since the rally stalled, we have been stuck 3000. To between 2300 and note the higher lows. Theof them put in just over next few weeks or so. The rising moving average tells you that the trend is up. The longterm bulls are supporting the market. Making alike it is break to the upside. Should this work, we could see the s p 500 climbed toward maybe even 3200. Again, this chart is starting to turn bullish, maybe suggesting that the earnings season will remain positive. For me continue to be on the chipmakers. You have seen some relative outperformance recently. Closing up about 2. 2 percent. A lot of Underlying Companies driving this. An 11 monthng high. Other Companies Like intel, which have exposure to apple, keep pushing it higher after we hear about strong iphone 11 demand. If you take a look a
Of Affordable Housing, a review of the Trump Administrations plan to change Housing Finance in america. Before i recognize myself members, today is [inaudible]s birthday come back if anyone wishes to sing happy birthday please save it until later. [laughter] we all thank you for that. Happy birthday. We now recognize myself performing its given soft Opening Statement. Good morning. Today we are here to discuss the impact of the Trump Administrations house and finance reform plan. We are joined by treasury secretary steve mnuchin, hud secretary ben carson and federal Housing Finance agency director. Welcome. Let me say that the Trump Administration Housing Finance reform plan would be a disastrous for our system. The trump demonstration is threatening to end the conservatorship of the government sponsored that is the gses. Would ask National Action to provide and expose the government guarantee. It is implement it in this way and is likely create turmoil in the Housing Market will preve
Today, it is mr. Birthday. [applause] rep. Waters if anyone wishes to sing happy birthday, please save it for later. [laughter] we thank you for that, madam chair. Rep. Waters i recognize myself for four minutes to give an opening statement. Good morning. Discuss theto impact of the trump and ministrations housing reform plan. We are joined by stephen mnuchin, hud director, ben carson, and mark calabro. Welcome. Administrations housing reform plan would be disastrous for our housing system. The Trump Administration is threatening to end the conservatorship of the government sponsored enterprise. Without congressional action to provide explicit government guarantee, it is implemented in this way, it is likely it would create turmoil in the Housing Market, prevent Many Americans from obtaining 30 year fixed Rate Mortgages unblock families across the country from attaining the American Dream of homeownership. For this reckless plan administrative action on the table, the Trump Administrat
Banking committee. Senator crapo this meeting will come to order. The cfpb issued its report which outlines the bureaus work between september 2019 and march 2019, including rule makings and supervisor activities. It also provides insight into what the cfpb plans to undertake in the work period. Since stepping into her role last december, director kraninger has demonstrated a commitment to making sure consumers have access to a wide range of products and services to meet their individual needs, fostering innovation and vigorously protecting consumers. Reflecting this commitment to the cfpbs mission, director kraninger conducted a crosscountry listening tour with the full spectrum of stake holders in her first months on the job. The directors conversations with consumers, industry, and fellow federal and state regulators have improved cfpb engagement, informed their supervision an regulatory processes, and improved agency transparency. In a semiannual report, director kraninger also hig
Unity and stability. Viviana meanwhile, violent clashes in hong kong show the extent of dissent against beijing. There have been pitched battles all day long. Viviana Boris Johnson floats a brexit plan, but it is short of a done deal. There are some issues that are problematic. Vivana Australias Central Bank rolling out another rate cut. Already, traders are already starting to price in another cut for december. Viviana the u. S. Plans to slap more tariffs on the eu. The ultimate goal according to the u. S. Trade Representatives Office is to hit europe where it hurts. Viviana plus, an exclusive conversation with indonesias president. He is pledging reforms that will attract investors. You will see many sectors removed from the negative investment list to create new jobs. Viviana its all straight ahead on bloomberg best. Hello and welcome, im viviana hurtado. This is bloomberg best, your weekly review of the most important business news, analysis, and interviews from Bloomberg Televisio