Without getting technical, the shift in Interest Rates has raised the risk of recession. Bad news for investors. The dow is going to be down 370 points. That means we are down about 1,000 points from the middle of last week. The s p 500 down maybe 45, 1. 5 , and the nasdaq, thats on track for its longest losing streak in three years, down bigtime across the board. Look at this. Talk about a flight to safety. Money pouring into u. S. Treasury bonds and yields are tumbling. The tenyear, the benchmark Interest Rate, now yields just 1. 78 . If theres any Silver Lining here, its the likelihood of even lower Mortgage Rates in the immediate future. The price of gold, that is a sixyear high. That is also part of the flight to safety. Bitcoin, bitcoin, money is flowing in there, too. Its back to 11,800 per coin, up more than 20 in the last week. Heres what we have to start the new week. A currency war, a prolonged trade fight probably, a stock market selloff bigtime and a universal flight to so
Hour the hearing is still going on behind me, but already there have been several fiery moments, including some from senator sherrod brown, the ranking democrat on the committee. In his opening statement, he compared facebook to a toddler playing with matches and said that it would be delusional for anyone to trust facebook with their finances, when the company has already broken so many promises on privacy. He then tried to get david marcus, a facebook executive whos testifying to make his own promise, and that is to receive his salary in libra. Senator, if your question is whether i would trust all of my assets in libra, the answer is yes. Do you trust this enough to make your compensation paid fully in your currency senator, i would, because it is backed one for one with a reserve. You could have said yes at the beginning of the question, then senator, with respect, i wanted to clarify that were not trying to compete with Bank Deposits he has said that statement repeatedly, that fac
Created by cable in 1979, cspan is brought to you by your local cable or satellite provider. Cspan, your unfiltered view of government. The house modernization of Congress Committee explored best practices on how to recruit and retain a diverse Congressional Staff. Human resources executives and an author of three books on workplace topics testified and answered questions from committee members. This is about an hour and a half. Okay. All right. The committee will come to order without objection the chair is authorized to declare a recess of the committee at any time. This hearing is entitled cultivating diversity and improving retention among Congressional Staff. I now recognize myself for five minutes to give an opening statement. One of the main ways in which we retain staff is by having it be a 90 degrees in here, so my apologies to each of you. We will be distributing fans to the entire audience. Today we are going to talk about whats really the backbone of this institution and th
Halfway through 2019 its the last trading day of the first half how has tech performed what about all of these recent ipos bob pisani has some of those answers and joins us on set. You know what i love . I love how wrong the consensus is humans are terrible at predicting the future and nobody is worse than wall street at it, so remember when we started in 2000, back in january, everybody said, the ipo market, oh, theres going to be 200 of them. Everybodys going to go public no one will want all of this stuff. Theyll price this stuff too high and the only thing anybody wants is uber and lyft are they sure they want those . Everything was wrong. Look at the numbers. Were at the first half of the year with. 62 in the Second Quarter, 25 billion. It was the most active quarter by deal count in four years. It was the most capital raised in five years. And look at the 30 the average return on ipo. Thats twice what it historically has been. So the answer was, oh, it turns out theres people dyi
A the committee will come to order. Without objection, the chair authorized to declare recess of the committee at any time. In is cultivating diversity, improving retention with Congressional Staff. I recognize myself for five minutes for opening statement. One of the main ways in which we retain staff is by having it be 90 degrees in here. My apologies to each of you. Well be distributing fans to the entire audience. Today were going to talk about whats the backbone of this institution, the Congressional Staff that work here. I think i speak for all of us and those yet to come when i say we couldnt do our jobs without teams of people that work for us. Anytime i get a compliment where someone says nice job on this or that, my response is always i have a good team and i feel lucky for that. Theyre dedicated Public Servants that are here because they want to do meaningful work. They often choose careers on the hill and in the district offices, despite long hours, occasional lack of job s