And the prospects for our economy. The Federal Reserve and is one of the most important institutions in the country and if it deed the world. Served as vice chair, then as chair of the Federal Reserve board. Her distinguished service covered the most tumull chews period since the great depression. Many books have already been written about this period and certainly many more will be written from different points of view and differing assessments. The Financial System and the economy have stabilized. We are no longer debating how to reconstitute them. But rather how they might work even better. This hearing will review the Development Since the crisis and especially since dr. Yellen became it fed due to maximum employment and price stability. By the Standard Measure of unemployment which is 4. 1 at last reading and by the Standard Measure of inflation which most recently stood at 1. 6 . Both the first and second goals have been achieved. Although the standard of metrics are very good, a
And the prospects for our economy. The Federal Reserve and is one of the most important institutions in the country and if it deed the world. Served as vice chair, then as chair of the Federal Reserve board. Her distinguished service covered the most tumull chews period since the great depression. Many books have already been written about this period and certainly many more will be written from different points of view and differing assessments. The Financial System and the economy have stabilized. We are no longer debating how to reconstitute them. But rather how they might work even better. This hearing will review the Development Since the crisis and especially since dr. Yellen became it fed due to maximum employment and price stability. By the Standard Measure of unemployment which is 4. 1 at last reading and by the Standard Measure of inflation which most recently stood at 1. 6 . Both the first and second goals have been achieved. Although the standard of metrics are very good, a
This is just under two hours. Welcome, everyone, to the hearing, and we will discuss the prospects for our economy. The Federal Reserve is one of the most important institutions in the country and, indeed, the world. Chair yellen served as president of San Francisco fed, then as vice chair, then as chair of the Federal Reserve board. Our distinguished service at the fed encompassed the most tumultuous time in the United States financial and economic systems since the great depression. Many books have already been written about the events of this time, and many more will certainly be written from different points of view. And with varying assessments. One thing is certain the Financial System and the economy have stabilized. We are no longer debating how to reconstitute them, but rather how they might work even better. This hearing will review the development the crisis and special sense doctor yellin director yellen became the chair of the fed in terms of the dual mandate of maximum em
Stock exchange. It was a tough day, deirdre. The dow was down 128 points, the s p down 12, the nasdaq down 48 points. Longest losing streak basically all year in. And testing the moving day average closing at 12 im sorry 2067. So really watch that s p breaks before that selling here in the pickup in the future sessions. To the investor taking a cue from china, the shanghai index if he will 8. 5 overnight, china couldnt support a stock market, not without a Ripple Effect around the world. We saw oil prices come down because of that and the Energy Sectors were the weakest in the session today. A lot of household names with exposure to china. Apple share is down 1. 3 . Yum1. 3 . And each have Significant Properties there so we saw shares in those companies down as well. You look at some of the energy losers. Again, energy among some of the weakest sectors in energy. Down 3. 3 as a whole. Youve got a new low for phillips, that was 2. 7 decline. So this is where we are right now. Earnings w
Billion. Its for air force one program. And i think its ridiculous. I think boeing is doing a little bit of a number. We want boeing to make a lot of money, but not that much money. Okay, thank you. Shares of boeing fell early this morning before coming back and actually finishing the day higher. The dow in small cap can russell index at record highs. Is the market becoming immune, to trumps tweets and should you be worried . I hope it is. Well, try to remain apolitical. Thats a pretty ridiculous comment. Boeing should make money he has no idea how much money boeing makes or doesnt make off air force one, number one. I have no idea 4 billion is exorbitant. Sounds like a lot of money. Maybe theyre losing money on the deal. Doesnt matter. I will say this, though. At what point this morning, boeing, the stock, was down i think over 11 . Obviously came back with a vengeance. Which it should have. Boeing trades at 16 times forward earnings, has a tremendous backlog. Valuations are reasonabl