Lawmakers also heard testimony from the head of the housing agency, this hearing is just under three and a half hours. Will come to order. Without objection the chair is authorized to declare a recess of the committee at any time. This hearing is entitled, the end of Affordable Housing . A review of the Trump Administrations plans to change Housing Finance in america. Before i recognize myself, members, today is mr. Mchenrys birthday. [ applause ] if anyone wishes to sing happy birthday, please save it until later. Thank you. We all thank you for that, madame chair. Happy birthday. Thank you. I now recognize myself for four minutes to give an Opening Statement. Good morning, today were here to discuss the impact of the Trump Administrations Housing Finance reform plans. We are joined by treasury secretary steven ma shun, ben carson, and mark calabrio welcome. Let me say up front the Trump Administrations housing reform plan would be a disaster for our housing systems. The Trump Adminis
Lucy in the sky with diamonds. Lucy in the sky with diamonds. Lucy in the sky with diamonds. Ah. Lauren good morning. Welcome to fbn a. M. Im lauren simonetti. Cheryl beautiful shot of the new york city skyline this morning. Good morning, im cheryl casone. Lauren the shot that never gets old, right . Lets take a look at your money this morning. More records perhaps today for the dow, nasdaq and s p. Rally mode, dow surging 113 points, s p up 10, nasdaq up 35. Cheryl never get sick of winning when it comes to the markets. Lets take a look at whats going on in asia. We have a mixed bag. Were watching the situation in hong kong, that escalated overnight. We are looking at positive comments about the u. S. Trade relationship going on. The shanghai and hang seng are slightly higher. Lauren in europe, stocks are in the green as well. A 1. 2 gain in london and in frankfurt. Cheryl our top stories is the crisis in hong kong, the violence continued overnight as a group of protesters remain hole
That news as meaning the u. S. And china a closer to finalizing phase one of a trade deal. Eunice yuaneinjing for us tonight. Reporter china says the two sides hav agreed in principle to roll back some of the existing tariffs in phases. The Commerce Ministry said the negotiators have been discussing this the past two weeks. And the Ministry Said that for a phase one agreement to bed reacome of the additional tariffs have to go. Beijing wants the tariffs lifted at the same time by the same amount. How much could be negotiated. And a spokesperson said the time and place of a deal signing has yets to be decided. And after the remar the state media has been laser focused on the point that if tariffs are not removed there is no deal. Ats been one of beijings kor demands. The papers also efrpzed that tariffs need to be lifted simultaneously and indication to the chinese that china and the u. S. Are considered equals. Perhaps the way to make it easier for the Trump Administration to meet beij
Test. Test. Test. Test. Jennifer wextomoments if y respond to the questions that you were not allowed to answer when they were asked. You had to be still while, they threw more insults your way, but if you would like to take time to respond now, you have that time. I appreciate that. You know, obviously, the reason i took this job is because i feel that our country is in trouble. And we need to do everything we can to provide the right kinds of opportunities. At hud, for instance, an organization that was largely focused on just getting people into programs, getting people under a roof, and thats not a bad thing, but i really want to maneuver us to a place where were getting people out of programs and to a level of selfsufficiency. We have really aimed at that. And the question that was asked about homelessness, this is a very serious problem and one that i think is solvable in our country. You know, with a place like tokyo, which has more people than new york city, can solve homelessn
The major averages finished the day at alltime highs thanks to Quarterly Results from some retailers which brightened the mood and which well get to in a moment. There were also incremental developments and u. S. China trade talks that investored interpreted as positive. Though as you know that changes from day to day. Here are closing numbers. The Dow Jones Industrial average 55 to 28121. The nasdaq gained 15. And the s p added 6. Now to this new report on the makers of opioids. According to a walgds a criminal investigation has been opened that role drug manufacturers and distributors played in fueling the countrys opioid crisis. The news sending shares of teva mallinkrodt and Amerisource Bergen sharply lower. Dow dpoenant Johnson Johnson down a Penney Meg Tyrell has thor to. T company are facing thousands of lawsuit over the role in the opioid crisis. Today another negative headline. The drug makesers and distributors disclosed receiving subpoenas from the u. S. Attorneys. That John