Is you need to keep oral headlines in the final hour and major widely held stocks cratering or soaring. Thats what we are here for, the market taking a sudden gap down 14 minutes ago. S p 500 down 28 points, the nasdaq nearly went negative but up 21 points, Dow Jones Industrials had a session low, now it is 15 minutes ago, earlier it was up three points, we have fumbled hundreds of points in the last couple minutes. The issue beyond the headline which involves apparently a ramp up in activity both over the skies of gaza and israel, a big hit to chevron, shares at session lows, down 6. 5 , 52 week low earlier, 145 and 3 pennies. It has stumbled lower at one 4453. Part of this is tremors in the release, the oil giant was punished after profits in the Third Quarter from a record a year ago. We have crude Prices Higher in the aftermarket, chevron did warn production in the gas field which chevron halted after the hamas attacks october 7th could hurt fourthquarter output. The market obvious
Agency. However since then, there have been no responses from the department. Despite repeated followup inquiries from the requester. On january 27th of this year, 15 months after the initial request, i sent you a letter asking for prompt action on the request, and to keep me informed on the response that would be forthcoming. Despite additional inquiries, the only answer i received so far is, were working on it. Its now been 20 months. Almost two years since their simple initial request under the freedom of information act, and five months since my letter inquiring about the status of that request. Is this the treasury standard for expedited treatment . Congressman, in general, our performance on foia is better than that. Im not familiar with the specifics, im happy to look into it. You know, its just hard to believe that theres some reason the department is ill have to look into the matter and get back to you. Stonewalling that one. Another matter, id like to bring your attention. Th
Second time the trump effect. An early lead in the race to become the next u. S. President. Hello. A planned meeting of all e. U. Leaders on the future of crease has been cancel. The eurozone finance minister are meeting now to discuss the latest bailout proposal. Theyll have 24 hours to convince creditors that they can secure the bailout. The creek parliament backed a list of Economic Reforms and further austerity measures in a lastditch attempt to stay within the eurozone. However, some analysts believe that it needs more. A new loan is in addition to the 240 billion euros that greece received from the creditors, since 2010. We have our correspondence gathering the story. Jacky rowland is in brussels. And John Psaropoulos is in athens. John how are things in athens. Is there optimism that the discussion can commence . Well theres optimism regarding the fact that at least we are back to the negotiating table but in a sense we are back to where we were two weeks ago, when we decided to
Strike. Plus prison break mexicos top drug lord escapes gaol for a second time hello there, that planned meeting of all e. U. Leaders on the future of greece has been cancelled. The eurozone finance minister are meeting right now to discuss the latest greek bail out proposal. The greek government has less than 24 hours to convince creditors that it can be trusted to enact programed reforms and secure the bailout. In an apparent uturn on saturday, the Greek Parliament backed a list of Economic Reforms and further austerity measures in a last ditch attempt to stay within the eurozone. Athens asked for 54 billion euros to cover the debt for three years, some analysts believe it needs more. The new lone would be in addition to the 240 billion euros that greece received from its creditors since 2010. We have our correspondents covering the story, Jacky Rowland is in brussels and John Psaropoulos is in brussels. We know what is going n, john trying to get talks going. Lets look at what is on
The committee will come to order. The chair is authorized to declare a recess of the committee at any time. Members will have five legislative days to submit extraneous materials for the record. This is the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy on the estate on the state of the economy. Recognize myself for an opening statement. Since we last convened on Monetary Policy, there have been encouraging economic headlines. Onfidence is up unemployment remains low, as does inflation. But it rests too much on incredibly low participation payment high disability participation rights. Both paychecks and savings for working Americans Still have room to grow after eight years of distortionary Economic Policy under the Previous Administration. On the fiscal front, help is on the way. House republicans have passed the American Health care act to lifted the burden of obamacare on our economy and the finan