Let me first say want to thank the chairwoman and ranked member mchenry and my colleagues and Ranking Members of the subcommittee and all my other colleagues for their participation in todays discussion on the update for prudential regulators that this is a timely amid the health care and economic devastation of the covid19 pandemic. In queens and other parts of new york city theyve been very hard hit. Plaintiffs suffered more cases more death than most states in the country. When amid the health care crises millions have lost their jobs and lost income compound in the Economic Impact but thanks to the doddfrank wall street reform and their implementation in the decades that followed the financial crisis the Banking Sector has emerged in a bright spot to buffer the initial impact of the crises and restructured mortgages and loans. I have had serious concerns about the implementation of the program in the road some of the banks in privatizing small distances and minority come into that
Wind advisory coming up. Two separate Traffic Alerts. Traffic is tough on the east shore freeway. On the westbound connector working your way into the maze the number two mac lane is blocked for an injury accident with traffic taking up into berkeley. A busy right. You will see slow and go conditions as you get the bay bridge. The Traffic Alert is westbound 580 at 35th street with a major injury accident. I just got new information. The two right lanes blocked until further notice and they are running traffic breaks to ease the traffic heading through their. It is slow and go and traffic is building quickly. Use 880 in the meantime. I will have more details and a new crash to tell you about coming up. 6 01. Almost all of napa county is bracing for pg e to shut off its power. They say the outage could go on five days or longer. The outage impacts Rural Communities and also includes downtown areas. Tourists whose plans revolve around winery visits said this could have a longterm impact.
Threeweek rally sparked by unprecedented Government Intervention cannot be sustained. The Chinese Government has allowed more than 1400 companies to quit trading. It has banned major shareholders from selling their stakes. President obama has become the first u. S. Leader to visit ethiopia. He arrived in addis ababa last night. He will talk with several African Leaders about the civil war in south sudan. Earlier, he wrapped up his trip to kenya with a call to end corruption. President obama too often, in kenya as in other places corruption is tolerated because that is how things have always been. Here in kenya it is time to change habits and decisively break that cycle because corruption holds back every aspect of economic and civil life. It is an anchor that weighs you down and prevents you from achieving what you could. Vonnie the president urged kenya to treat women better and improve education and welfare. 13 major u. S. Corporations will invest at least 140 billion dollars to redu
For regular rate hikes. Toa a very warm welcome bloomberg daybreak europe. I am manus cranny. China has gone from being the global deflator to potentially the exporter of inflation. 5. 5 busting through expectations. And that is what is driving markets. Negative real rates. What we have done is track profits of Chinese Companies with those inflationdeflation numbers. Down goes inflation and the prophets. Profits in china have risen by or 2. 5 in november. Is there more to come . Have we reset the gears . Anna there is a domestic implication. To what extent does it reset the inflation rate are globally. Big debate in china as to what these numbers mean for the pboc. Indid not see a big uptick cpi. Let us check the risk radar. A 14ollar index hitting year high on january the third. Things have looked differently, more sluggish in the last few years. Manus there does not seem to be an appetite in the market to build the dollar long. Yellen will be speaking later this week. Build the dolla
Largest cash bid on record. We have both ceos joining us live in just a few moments. Our road map, return of volatility. What investors like carl icahn said how to navigate this market at yesterdays delivering alpha. Wells fargos ceo telling jim cramer he will not resign over abuse of account activations. Apples new operating system out and update getting mixed reviews. Also, tim cook out defending the new iphone 7. The stock saw a nice boost yesterday despite some big losses in most of the market. What will today bring . But first up, futures moving higher after three straight sessions of triple digit swings amid some falling oil prices, concerns about a potential fed rate hike despite tuesdays selloff apple was in fact the bright spot up 2. 4 for the best day since july. But then late yesterday at delivering alpha carl icahn offered that blunt assessment of this market environment. I think there are tremendous risks. But i think anyone thats going to tell you its going to go down tom