Coming up on cspan tonight, i meeting on banking and investment regulations. Then hearing on foreign aid to jordan and lebanon for Syrian Refugees. Secretary of state john kerry testifies against iran sanctions. Nextming up on the washington journal, a look at national unemployment. Is from the National Employment law project. Then we will talk about the recent budget agreement. Examine the effect one year after the sandy hook been shooting. Washington journal is live every morning on cspan. We will have more oversight of u. S. Surveillance programs on wednesday when the Senate Committee hears from the nsa director keith alexander. That will be at 2 00 p. M. On c span 3. We will take your comments on c span chat and on facebook. Constant inip american political life to look constant in american political life to look at that. Flash forward to the president day presentday. Spend any part of their career doing manual labor jobs. That has changed. Lots of different aspects of the politica
A double record run. Both the dow and s p hit all time highs. Despite a dip in Consumer Confidence to the lowest level since 2011. The nasdaq closed higher by 12 points but needs to get above 5,000 before reaching a record. Gold sold off by 8 dollars and oil dripped by 95 cents. In earnings after hours. Linkedin topped wall streets view but the forecast was below range. Yelp reported losing more money as it spends more on marketing. Yelp lost 2. 3 million. And Gilead Sciences came in strong with earnings and full year guidance that beat the street. Shares rose 1 after the close. Its official dell is now a private company. And, sac is set to soon plead guilty to securities fraud according to the wall street journal. All enough men have trading in advantages on. In the seat first this morning is in the trading area of cme group. Good morning to you. Good morning angie. What do you see in the market today as we await the decesion coming from the fed . Well nothings changed, ive been bulli
About to speak, an hour from now, the tenyear yield certainly becomes important, at two seven. Interesting. Nothing really nothing. Yeah. Give your ro europe before w talk about yellen and the news of the morning as well. You can see largely green over there. What are we thinking . You know, wheres the focus here when we listen to her an hour from now start her first testimony, in the house and in the senate later in the week . Well try to figure out whether 6. 6 is the issue. The Unemployment Rate. Because weve got so many other contraindicaters of weakness, the employment number, the nonfarm, obviously not that great. I think what she has to do is say, look, were saying the course here. One of the things i liked about it, if it gets bad again were right back in. And unfortunately i dont know how much it matters, david. We keep thinking it matters a great deal, but the ten year is doing its own thing. If you are a banker at one of these, if you are wells fargo, you want to see the ten
I want to urge you all to access that report when we make it public mar. The Federal Reserve convention requires that i issued a disclaimer, which is that i only speak for the Federal Reserve bank of dallas. Not for any other association with our Great Central bank. This is usually abundantly clear. [laughter] but i have to say that. In many matters we entertain opinions that are very much different than those of our esteemed colleagues. I was the fourth my sentiments freely and without reserve on the issue of too big to fail. I mean no disrespect to others to harbor different views. Everyone and their sister knows that the Financial Institutions that are too big to fail are at the epicenter of the two thousand nine financial crisis. They are known as islands of safety. They became agents and fight agents and enablers of the financial tsunami. We at the dallas fed said mitt they are the key reason that the accommodative Monetary Policy and Government Policies have failed to adequately
Last time. And because of the republican position, a high price was paid. Jobs were lost, 120,000. The stock market plunged nearly 20 . Economic growth was slowed. Significantly. So this time around were going to do the right thing. The gentleman from michigan, my colleague, the chairman of the committee, talked about working together and i want to close by suggesting now with this vote in terms of the debt ceiling, weve cleared the deck. Let us now take up the other issues of major importance to the people of this country. And one of them is Unemployment Insurance. As we stand here today, isolated maybe by the walls around this chamber, but i hope not, 1. 7 Million People have lost every dime of their Unemployment Insurance, longterm unemployed. All right, were clearing the decks. Now lets Pay Attention to the business of the American People, in addition to full faith and credit. We should not be leaving here with 1. 7 million americans out the cold because too many people in this ins