Security. We will stick with washington. Jim jordan preparing for round three of the speaker vote today. And the bottom may be in for the second largest economy in the world. Chu China Central bank takes new action to shore up the market there. It is friday, october 20th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start the day as we kickoff the hour with the check of the stock futures. Right now, lower across the board. Dow opening up 30 points lower. Nasdaq taking a leg lower. S p is flat. This after a rough session for the averages which saw the dow, s p and nasdaq close nearly 1 lower. The dow transports and russell coming off sharp declines. They are on pace to extend the multiweek losing streak. The dow down over 1 . The russell is hard hit down 1. 5 . Fed shchairman jay powell is making a case there is likely more work to do. We have models for everything. We have formulas for everything. As a pra p
We cut this amount to 285 , how will this donation, which has a serious effect on peoples livelihood and inflation, be compensated . First, let me state this very clearly that i am a citizen and my heart is a citizen in the world. He wants the dollar to be 1000 tomans, why should we clarify 28500 tomans first, if here we are arguing that the Exchange Rate should be a single rate, and friends infer that it will increase. The price of land, which i completely disagree with, i believe that if we have two rates now, 2,850 and a number of rates that will reach 58,000 tomans, if the dollar becomes a single rate, the equilibrium number of the single rate that will appear in the economy is something between these. Two numbers, maybe that number is for example 48 thousand tomans or 52 thousand tomans for example, but definitely that number is not 59 thousand tomans, 60 thousand tomans and not 28500 tomans, clarify this. Now, with 28 to 500 , it is delivering goods to the people at a cheaper pri
Kent beaches. Good afternoon. In the next good afternoon. In the next few moments, we are set to hear from shadow chancellor Rachel Reeves as the Labour Party Conference continues in liverpool. Well , she is expected to well, she is expected to announce much on planning and indeed borrowing. Lets go indeed borrowing. Lets go straight to liverpool and john. Our business and economics editor. Liam halligan , who is editor. Liam halligan, who is there, and liam , in terms of the there, and liam, in terms of the borrowing, of course, its got this current government into problems , but shes indicating problems, but shes indicating only borrow to invest which was Gordon Browns watchword. His golden rule. Golden rule. Thats right. Shes very much trying to present herself as as an iron chancellor, as gordon brown did. The trouble is that Rachel Reeves has got a much tougher wicket to bat on, if you like , to use a cricketing like, to use a cricketing analogy. Why is that . Thats because borrow
Phones and Electronic Devices. Should you have any documents to be included as part of the file, it should be submitted to myself the clerk. Public comment will be taken on each item often the agenda. Please line up on my right to your left. You may fill out a comment card. If you we shall to be accurately recorded for the minutes. You may submit in writing by email to myself of the Appropriations Committee is clerk at brbmt sf golf tv. It will be part of the official file and you may send your written comments by u. S. Postal service at dr. Carlton. I hope we can continue item 1 to get into the hearing with item number 2. Mr. Clerk, please call item number 1. A hearing to the march update for the five year financial plan. Madam chair. C. Chan i would like to make the motion to continue and with that a roll call. To the call of chair. C. Chan do we need to do Public Comment . Yes. And before we go to the Public Comments today, i would like to limit them to one minute can. And with that