The Senate Banking committee thato the Senate Banking commite that the cf pp director to capitol hill to answer questions. Spinnaker hearing will go toward her. Today we will receive testimony from cfp direct her Kathy Kraninger. Including the rulemaking seemed supervisory regulatory activities. The report also provides insight into what the cfpb plans to undertake in the upcoming were period. Consumer protection is vital for the properly functioning Financial Market it is best determined by the robust quantitative analysis. Under director and Kathy Kraningers leadership ensures that they are datadriven, appropriately tailored to satisfy the obligations and based on sound evidence and legal support. Thereve been promising changes that are cfpb leadership under Kathy Kraninger but it remains abundantly clear that the fundamental structure of cfpb must be reconsidered to make it more transparent and accountab accountable. Last week the Supreme Court heard arguments for the cfpb case that
Activities. The report also provides insight into what the cfpb plans to undertake in the upcoming were period. Consumer protection is vital for the properly functioning Financial Market it is best determined by the robust quantitative analysis. Under director and Kathy Kraningers leadership ensures that they are datadriven, appropriately tailored to satisfy the obligations and based on sound evidence and legal support. Thereve been promising changes that are cfpb leadership under Kathy Kraninger but it remains abundantly clear that the fundamental structure of cfpb must be reconsidered to make it more transparent and accountab accountable. Last week the Supreme Court heard arguments for the cfpb case that examines the constitutionality of the Leadership Structure. March 2, 2020, the wall street Journal Editorial Board referred to this as a constitutional case of the year and stated that the question presented goes to the heart of the separation of powers and whether the Administrative
Erased but futures have jumped back into the green. Jim, we know its going to be another crazy week, very hard to predict. So what is your tell this week i thought the advice we got from friday ended the teeth of it but if the market is up, were still oversold and thats what you got for it but i dont think theres much that you want to buy i think youd rather wait until it goes back that swing, at 3 30, the futures were up 80, it was crazy, but i think what matters is that there are a lot of people, the feds will take action today and i come back, peter bachvar was on with dominic chu unless the fed can create a vaccine or beat the virus it doesnt matter you said on friday this is a biological crisis. Not ultimately it could i dont think it will turn into a liquidity crisis, for a state at home economy and when you have a Service Economy like we have, you get an upgrade for darden, for instance, last week, Cheesecake Factory are you kidding me anybody anywhere theres a gathering is goin
Governors are saying we have done a fantastic job. Gavin newsom said there is not a thing he asked for we werent able to give them. Critical guy like we all are, but it was a very positive statement. Many democrat governors have said that the task force and, the federal government, what weve done has been terrific. Reporter [inaudible] well, this was unexpected this was something that came out of china and, it hit us and many other countries. You look at numbers, see numbers watching you folks, i see it over 100 Different Countries and it hit the world and were prepared. Were doing a great job with it. It will go away. Just stay calm, it will go away. We want to protect our shipping industry, our cruise industries, cruise ships, we want to protect our airline industry, very important but everybody has to be vigilant and has to be careful. But be calm. It is really working out and a lot of good things will happen. The consumer ready. The consumer so powerful in our country what weve don
Lows fausting with a relief after more than 1hundred points lost in just two days. Investors are getting back into this market and theyre bargain hunting because the bottom line, yes, there is fear about the coronavirus but no one really knows what is going to happen. Weve seen a page from this kind of playbook before. Markets do tend to claw their way back. When ebola was a threat of july 2014 to march of 2016, there was a lot of volatility but the dow only lost half a percent overall. For sars, november 2002 to july 2003 the dow gained. From september 2001 to october october 2002 the dow lost a little more than 17 . You look at history, get a sense how investors reacted to all kind of different events, ebola, sars cases, they say that they tend to be blips, not events that define the market. Major corona headlines breaking today, the cdc confirming 14 cases of coronavirus and a u. S. Soldier in south korea testing positive as well. That is not to say this isnt something to worry abou