Waters the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchin. Today, we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchins leadership, has mapped out point by point and rolling back many of the Critical Reforms demo
Almost five years of negative rates behind. The governor joins us after the decision. And donald is impeached in the house for abuse of power and obstruction of congress, but u. S. Markets shrugged off the political drama. We are just under an hour away from the start of cash equity trading here in europe. Its taken look at where we are now on the futures picture. We are almost unchanged on futures markets right now. Yes, we have had big drama in washington with regards to impeachment, certainly in the house. The drama will move in the new year into the senate. The markets have been pretty unmoved by that of elements so far, and by that development so far, and the u. K. Equity market is trying to get through some of the slower trading days at the end of the year. We have seen flat expectations for the start of the european day. Thats move to the u. S. Picture. Once again, flat expectations. Yes, we had a lot of high drama, but the markets are managing to lift through this. Lets have a
Cade it is like this big with pack man. You have a minigalago my best present was an hour off for a nap. We dont Exchange Gifts for the adults we dont either it is for the kids we do under 35 or under 25 exchange for the adults. I lost mine at davos a few years ago. My little fur hat. I got a new one of those with the flaps i remember yours was like really big like a russian style. Yes i lost it. He looks like a cool kid wearing it so cool brian williams, ill never forget, i was walking into 30 rock years ago wearing the hat he said, you know, they make those for men too. There you have it. Lets talk about the u. S. Equity futures this morning, if you think this is a quiet holiday week, you would be mistaken looking at big gains again dow futures indicated up by triple digits this morning after all three of the major averages set new records seems to be happening on a regular basis. Dow indicated up by 106 points s p futures up by over 10 points nasdaq up by 36 and the nasdaq closed ab
Stability. I want to inform all concerned that this meeting will end at 1 00 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today, we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchens leadership, has mapped out point by point and rolling back many of the Critical Reforms democrats made to prevent another financial crisis. If these rollbacks continue, there will be grave consequences for Financial Stability in our economy. The 2008 financial crisis was devastating for our nation. 11 million americans lost their hom
Mnuchin testifies about the u. S. Economy. He also talks about Digital Currency and the potential impact of Climate Change. Waters the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchin. Today, we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Depar