The board of governors of the Federal Reserve system and doctor christopher, the member of the board of governors in the Federal Reserve system. Welcome and congratulations to each of you for your nominations. I see friends and family in the room today and i welcome them as well. Were fortunate to have these two highly qualified nominees appearing today. These positions are critical to ensuring a safe, sound and vibrant Financial System in the healthy growing economy. The Federal Reserve was created by congress as the nations central bank to promote a stable economy and a safer more flexible Financial System. Among the Federal Reserve responsibility is conducting the nation Monetary Policy with the mandated promoting maximum employment, and moderate longterm Interest Rate. In addition to its Monetary Policy that oversees a significant portion of the sector including large, regional and Community Banks as well as certain nonbanks. It aims to foster a safe and efficient payment and settl
Lossing economic fallout is increasing to. Look at one German Company taking measures to shore up business as china heavy supply chain remains affected by the growing of all. This is d. W. Business as in berlin Global Stock Markets are starting the week with phenomenal losses theyre reacting to a 30 percent drop in the value of crude all since friday driven by saudi arabias decision to slash its prices in japan the nikkei lost more than 5 percent during monday trading and stocks in south korea shanghai and hong kong all slid by more than 3 percent australia saw even bigger losses with more than 7 percent wiped off stocks but saudi arabia itself. Seen the biggest impact on its equity market shares in all utility aramco were down 10 percent at the start of trading. Well look at european markets a bit later in the show and its already being described as an Oil Price War that slide an oil prices we mentioned came after opec countries meeting with russia failed to agree a Production Cut aim
Artificial intelligence are transforming our society more changes are coming i hope that all of them are positive. The support. Right now professor vasta is on his way to the Research Centers Berlin Office hes going to host an open house event there today. They didnt drop the ball star has spent decades studying Artificial Intelligence or for short i involves computers that can understand human language machines that can learn and the Factory Technology of the future. If you tell a couple of our senses like these can help track to drivers with the harvest. Smog systems allow paramedics to practice emergency procedures. And specially designed walkers can help elderly people stay on their feet i hope i see. Its to be everywhere but i still feel we need to explain more fully to the public i give lectures on this topic quite often. Simply simply put ai is an attempt to recreate human intelligence in computers of computer up to be as good as i can help machines and robots adapt to unpredict
Open, wall street looks to close out a recordsetting week. Peacock joins the streaming wars, how comcasts forthcoming platform looks to separate itself from the streaming flock. Joining the four comma club, alphabet more than 1 trillion all together more than 17 of the s p 500. Stocks looking to hit new record highs upbeat news on the economy as Housing Starts rise in december to their highest level since 06 up 16. The and just to put that into perspective we are looking for an increase of 0. 4 amazing, and of course the commentary from tepper and druckenmiller over the past half hour has done a lot. Its fed in the same direction. Well pick apart if weather was a factor in the Housing Starts and the rest but that is when the equity futures took another leg higher when the numbers were reported comes after we got other good housing data its become very hard to decide that the headlines are going to get in the way of a market thats been on this autopilot higher the guys like david tepper
Right now professor vasta is on his way to the Research Centers Berlin Office hes going to host an open house event here today. To interact it sounds to has spent decades studying Artificial Intelligence or for short ai involves computers that can understand human language machines that can learn and the Factory Technology of the future. To get taluk up over senses like these can help track to drive as with the harvest. Smart systems allow paramedics to practice emergency procedures. And specially designed walkers can help elderly people stay on their feet. Seems to be everywhere so i still feel we need to explain more fully to the public to give lectures on this topic quite often. Come. Simple simply put ai is an attempt to recreate human intelligence in computers of computer up to be a good idea i can help machines and robots adapt to unpredictable situations goes. Bust but what will it go so whats interesting about these robots is that if a technical problem turns up they can heal t