Testing limit down down by 5 as far as they are allowed to trade down before the open the number to watch this morning is down 136 for the s p. We have touched those lows and bounced off. We are not far off dow futures are down by 4. 74 . Nasdaq down 4. 6 after the opening bell, there are other Circuit Breakers you with watching. They would be kicking in with trading halting over a period of time down 7 this morning if that were to happen, youd see a 15minute halt after trading started. Next is if markets dropped by 13 . Then the third level is after 20 . That would be a halt of trading for the day. We have not seen these tested since 1997 until the last week of trading thats what we are watching so closely. If you take a look at the treasury market, you see the 10year note is 0. 71 . We got back to. 8 or so yesterday. With the yield, i was hoping they would have sold off talking to folks yesterday worried about what looked like it was better than going and maybethere could be problems
Upcoming meeting with the whine knees president. Hello my name is reed cord dish im an assistant to the president. We just had a great morning of conversation, town hall style capped off by the president with some of the great ceo leaders based out of novg and the partnership for new york. Together they represented over 7 million u. S. Workers and over a trillion dollars to the u. S. Economy. And we focused on some of the major forwardthinking initiatives of the president and of this administration, including infrastructure and the infrastructure package that were working hard on, including modernizing government i. T. , specifically modernizing the i. T. Infrastructure of the government which is in desperate need of overhaul and modernization both for the efficiency and security of government. And lastly on Workforce Development. Theres no question that this administration is bringing back hundreds of thousands of skilled and Technology Related jobs and we need to invest in training o
Assistant to the president. We just had a great morning of conversation, town hall style, capped off by the president with some of the great c. E. O. Leaders based out of new york and the partnership for new york. Over r they represented 1 trillion to the u. S. Economy. We focused on some of the major forwardthinking initiatives of the president and this administration, including infrastructure and the infrastructure package were working hard on, including modernizing government i. T. , specifically modernizing the i. T. Infrastructure of the government, which is in desperate need of overhaul and modernization, both for the efficiency of government and for the security of government. And lastly, on work force development. Theres no question that this administration is bringing back hundreds of thousands of skilled and technologyrelated jobs and we need to invest in training our work force of tomorrow so that theyre ready for this demand. Its truly my pleasure to turn over to some of th
But definitely look forward to engage in discussions around policy with regard to Financial Education, which is a term that we prefer at pace as opposed to Financial Literacy. Because oftentimes implies that people are illiterate. Perhaps Financial Empowerment might be a better term. I was born in, on a pineapple plantation in hawaii where the common term today is in farm worker housing. We were poor but didnt know it because we thought everybody lived like that. I dont member very much in having any choice. But we had the ocean as our playground. And so we would chop down some bamboo and use it for fishing poles, or use of force beers to catch fish spears. In spite of the fact that hawaii is paradise, and because its paradise the rich people in the world by property as a result, the cost of living gets driven up. To local residents that use laborers service to these rich people, that are coming to know why. So were hawaii is paradise with the aloha spirit, a lifestyle, sharing and rec
Tremendous challenges from both being able to find jobs and to work through issues in that environment. The data demonstrates things that are not surprising. It demonstrates a persons that are way too much depending on nonbank lending while they had more access to earlier generation through some form of Financial Capability instruction. Their absorption of that is not demonstrated from a testing standpoint. Their exposure as they move through an environment where those that have moved forward, even those that have moved forward are way more burden by Student Loans both in percentage and sign. All of that demonstrates what a point that has been made across the board. We need to move Financial Capability, education and communication away from accidental interactions to an environment where its focused and concentrated and very much looking to evaluate and identify what works. Its a pleasure to be involved in this Advisory Committee particularly with a strong focus on Financial Capability