Secretary Steven Mnuchin on the u. S. Economy and Financial Stability. He talks about Digital Currency, World Bank Lending at the potential impact of Climate Change. Ready to go . The committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations regular approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 p. M. Per the request of the secretary. I now recognize myself for four minister give an opening statement. So let me welcome back secretary mnuchin. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As ive said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following that te dereg
Protectionism is a drag anchor and governments are not doing enough. U. S. Agrees iran was behind the aramco attacks. Tehran denies that and warns of allout war if it is attacked. Shery lets get you started with a check of the markets in the u. S. We are seeing futures unchanged, after a mixed closed on this theres day. We have the dow moving more than 50 points. The s p 500 finishing unchanged. We had a boost earlier in the session coming from white house Economic Advisor larry kudlow sounding more optimistic on trade. Then we had another trump advisor hinting at 50 21 50 to 100 tariffs on chinese goods. Rising uncertainty on trade, not to mention the oecd cutting Global Growth forecasts. That led to our haven demand bonds rallying for a fourth consecutive session and the 10 year yield sitting at that 178 level. Not see how things are shaping up in asia. We are this friday, potentially seeing a muted start for asian stocks. Bonds drifting as treasuries nudge higher. Tensions will be o
Meet a convertible. Yes, absolutely. Convertible. Top down a day later today. Only if youre inland, though, because at the coastline, if youre driving up and down the coastline, youll probably want to see a little cozier. Weve got a little gray out that direction. San jose and nothing but the sunshine. So go ahead. Enjoy that sun in full force. We are going to be seeing skies getting consistently a little cloudier right along the coastline Golden Gate Park. You get your window of sunshine and then that fog rushes back in late afternoon. 60s 70s for your current temperatures. Not bad at all. Were looking really nice out there right now. Berkeley cool. 61 livermore pittsburgh at 70 degrees. Good morning for the john. Get the weekend started right with a little Time Outdoors later today. It is our last day that were only talking 80s for inland areas. From here on out. We are lifting off into the 90s, even triple digits and went which ive got your full forecast for still to come. Darya jam
Youre heading. Its cool 50s 60s for current temperatures. Nice way to start the morning. Good for the dog. Walk that job that you want to get out of the way warm afternoon and then the real he gets here later in this forecast, which ive got still to come rain. All right, john, thank you for it off to a friday lights start probably stay this way. But if we dont, nows a good time to get things done at 7 a and look at the bay bridge meter lights are off in traffic is freeflowing smooth sailing. However, there is an accident fremont street exit. Been watching drive times on the bay bridge and they have not gone up. So hope hes able to cruelly that off the bridge. 15 minutes. Mateo bridge, no major issues there. Your Response Center bridge nestled around 12 and the Golden Gate Bridge that a little that little line fong 20 minutes to make that drive. James, back to you. Thanks. Reyna. All right, 701, is the time of the top story this morning is the fact that the death toll has gone up in mau
Making of modern america which is a chronicle of the first gilded age, the one that happened just before the one that we are in today. Enough about me. I would like to introduce our gilded and gifted panelists. To my immediate left is are the coauthors of the big with the big myth which delves deeper into the way the free market credo has worked its way into our markets and policy as a sort of religious credo and the damage that has done to our way of life and politics and society. Shes the professor of the history of science at harvard and also taught at uc san diego and has written for the Los Angeles Times among many other newspapers. We valued her at the Los Angeles Times as a very important source on issues of Climate Policy and others. Eric is also a historian of science and has been published widely and serves as the historian of at the jet Propulsion Laboratory in pasadena. Next to them, bill cohen. His book is power failure, the rise and fall of an American Icon and as he puts