There have been significant pockets where people have been buying aggressively now. Last week, home depot. They were buying aggressively on friday. Stock is exploding to the upside. Caterpillar, john deere, there are areas people are chasing and catching. Youre in caterpillar. Must be pleased with the share. Is this a bellwether because they talked about a sharp bounce in energy and transportation. Think rally is about earnings. It started when financials reported better than expected earnings and didnt rally on the news. They were kind of sideways. Maybe got a bit of weakness in some days. I took advantage of that and bought some. Then youve had betterin earnin in discretionary and housing. 74 are beating. 14 are missing. Thats a good rh owe. Stocks follow profits. If profits are going higher, because fundamentals are strong, theyre, the market is going to go higher or those stocks are going higher. Im encouraged that cyclicals are leading. Im going to soupd like a broken record becau
Thank you again. Its my pleasure to introduce, deputy secretary, sarah bloom raskin. She has been a real leader in our efforts here and the efforts in the Federal Reserve board and the state of maryland in the n sen. Deputy secretary will be joined by ross johnson and john rogers jr. , the chairman and ceo and chief Investment Officer of aerial investments. Please join me in welcoming them to the stage. Good morning. Thank you, elias, for introducing this panel. Thank you all, really, for today, joining us for this bank forum for what promises to be an enlightening discussion. We are going to be talking about building jobs and opportunities for communities of color. We know that the challenge is related to the challenge of access to a Financial System that is designed to foster inclusion. Hence, the name of todays forum, the friedmans bank forum. Think about it. More than 150 years ago, the friedmans savings and Trust Company was founded at the direction of president lincoln, right nex
When he gets in the car, he knows what he is going to happen what is going to happen. Tonight, on cspans q and a. Now, Homeland Security undersecretary Suzanne Spaulding talks about protecting the nations infrastructure. She was part of an event hosted by the American Bar Association. It is about 90 minutes. [applause] youood morning and thank for that very gracious introduction. Some of you know and everybody will eventually learn that when you have spent over six decades occupying space, you take on a variety of roles. Way, you it another wear a variety of hats. I will explain to you three different hats that i wear. And currently special advisor to the American Bar Association Standing Committee on net law and National Security, we celebrated by 54th birthday, founded aba president and Later Supreme Court Justice Lewis powell and chicago lawyer. The committee focused on the legal aspects of Security Issues and conducted studies and sponsored programs and conferences and highlights t
You go to a Department Store and as a young person youre not afraid to ask questions of your parents. I would say, why is there a colored restroom, why is there a white restroom . Why do signs there for, and water fountains and white water fountains . I was told that that was the way his. I said, why . Arts we all people arent we all people . I did not go to school with any africanamerican or other ethnic groups. That has greatly changed. Much to my delight. I went to undergraduate school at clemson university. I went there for Architecture School and they were one of the first to admit an thecanamerican into african and Architecture School. It has been a wonderful experience for me personally to see the change that is happened. I first worked with the native american community, we did a Cultural Resource center for the smithsonian. Over 12 years, you learn a lot. You learn a lot about the culture that is different than yours. Hoping that will be the case when people come to this museu
Talk to youu about Financial Inclusion and moving Financial Education forward. Fetches a much. [applause] thank you so much. [applause] thank you again, mr. Secretary. This is been terrific. It is my pleasure to move us forward and to introduce Roger Ferguson junior. His illustrious career and a competence accomplishments speak for himself. Federal reserve system employee. He served on the president s economic recovery Advisory Board and council on jobs and repetitiveness. Competitiveness. Ceo of piab. Allows them to have unique authority on issues of wealth building and had to provide Financial Services. His contribution to our country and the private sector have been recognized many times. Hes recognized more time. [applause] one more time. [applause] thank you for that kind introduction and good morning, everyone. The sun is to be here. I commend the secretary and the department for hosting this forum. And for paying tribute to friedmans bank. All of you know that friedmans bank was