Wraps up with promises to protect the countrys National Security and cell phones. They will be live from patient and the all goes to will tell you who to con films, awards during hollywood. Biggest, nice the to see a pellets, indians will experience a ramadan like no other than the muzzle month of foss thing is being observed in the face of famine. Israel is restricting more food medicine and a central life saving supplies can get into the gallons of the number of people who have stuff to death has risen to 25. And instead of spending time together with family in their homes, palestinians who have already been displaced multiple times around the constant attack. Explosions occurred in the Southern City of rough a. Shortly after doing with camps and shelters have been attacked across the entire strip. Within 31000. 00 palestinians have been killed since of tie the data i guess reports ramadan is normally a time when muslims come together to fost worship and reflect that after 5 months o
A little bit of euro area pmi figure. Little more than expected that is getting a little bit of a list to europe. The stoxx 600, little bit down. Maybe a little bit of angst about what is happening in the u. S. Tax reform. We were expected to have news yesterday. The vote has been delayed to this morning. Im looking at dollar index. That is a tax reform story. Any moves on the asset classes. Coming up, i am excited about talking markets. , he is at Goldman Sachs. Durlacher is the international ceo of julius baer. We will speak to Woody Johnson. Lets get to Bloomberg Business flash with nejra cehic. Nejra in the u. S. , the white house is weighing a plan to replace Rex Tillerson with mike pompeo. That is according to three of ministers and officials amid frustrations with the top diplomats so place just slow pace of hiring. Slow pace of hiring. U. S. Diplomats have trapped plans for donald trump to make a trip to britain in january. The president had been penciled in for a working visit
European equities into the close. We have been seeing broadbased gains in european equities. The stoxx 600 rebounding between two weeks of declines. Cac40 not only apple forming the stoxx 600 today and not only since the French Election, but also in 2017. 40 up more than 90, while the stoxx 600 up some 8 . That is more pronounced since the French Election, something we will talk about in a moment. Here is the stoxx 600. I have shown you the imap, so you can see how various markets are performing. We have seen gains in industrial metals. Andstrials and Energy Financials and i. T. Stocks more than 1 . We have seen the rebound in tech stocks globally. We have been seeing yields push higher pay that was kicked off by the trend by the 10 yea treasury yieldollowing comments by William Dudley. If we look at the euro, we were seeing it study earlier. We are seeing we were seeing it steady earlier. William dudleys comments saying imperil thei would economy. Look set to break out. What is key is
Accountable. This hearing is about three hours. [ room noise ]. The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy responsibilities. The act has made the fed omnipotent but cannot make it omniscient. No act can. Through the exercise of socalled heightened prudential standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh recently wrote Central Bank Power is permissible in a democracy only when its scope limited, its track record strong and accountable assured. None of that do we observe today. Where his feds omnipotents has taken us . The big banks are bigg