Gold prices is up 1. 3 . It is currently 2,382. If you are watching bitcoin, it is pulling back a bit. Yesterday, bitcoin was above 72,000. It is 70,452 right now. Oil prices have been picking up steam as well. In the nmeantime, we talk about a. I. Every 20 minutes on this show . More frequently. It could be a drinking game. We will continue the game in a different way. Elon musk speaking out on x saying his guess is we will have a. I. That is smarter than any one human, probably, by the end of next year. He said within the next five years, the capabilities of a. I. Will exceed that of all humans. I dont know if that is com commentary on the intelligence of a. I. Or humans. Oh, burn. A year from now if it could be that smart that quickly, sam altman talked about chatgpt 4. 0 as a competent helper. They always do something that is a little wrong. The answer is not always exactly the way it is supposed to be. Ight. Are we a year away from the competent helper being a super competent huma
Colorado. The bank of colorado, which has a significant presence in the western slopes and four corners region. After the passage of the tax cut , there will be a positive effect on the growth of businesses and our local economy. Added a of colorado special bonus at the end of the year for all 641 of their associates in colorado and new mexico. They will be receiving 1000 in terms of a bonus and parttime associates will be receiving 250 to 500. In my part of the country, that is real money. That is how we pay a mortgage, how we pay for the electric bill , how we provide for our children. To be able to boost those opportunities is helping main street right now. Actions of colorados provide an example for us in terms of new possibilities in the current economy and looking forward. What i would like to be able to speak to you on, in my state of colorado, theres a tale of two economies. Urban colorado has been doing well. There unemployment is down. However, we move into rural colorado, we
Seen in my district from tax cut and jobs act in colorado the bank of colorado, which has a significant perez innocence the western slope of colorado, the four Corners Region i represent, wrote me they anticipate the passage of the reform is going to be having a president obamaive effect positive effect on the growth of their businesses and local economy. The bank of colorado added a bonus at the end of the year for all 641 of their associates in colorado and new mexico. Theyre going to be b receiving 1,000 in terms of a bonus and part Time Associates will receive 250 to 500. Mr. Chairman, in my part of the country, thats real money its not a crumb its how we pay a mortgage pay for the electric bill. Provide literally for our children to be able to boost those opportunities for those employees, its actually helping main street right now. The bank of colorados actions i think provide an example for us in terms of new possibilities exist in the current economy and also looking forward i
Yields our top story is the u. S. Stock market officially falling into correction territory in yesterdays session. The dow was down by 1033 points. Thats a huge drop weve seen one earlier this week as a result were on pace for the worst week since 2008. The nasdaq was off by 275 points since the slide began back on january 26th, nearly 2 2. 5 trillion in market value has been wiped out from the s p 500. When you look at Global Markets they lost 5 5. 2 trillion over te last two weeks well, you add that up and you look at the u. S. Equity futures, the good news is that things are stabilizing a bit and even turning around after that big decline. Thats not what we saw earlier in the week. Right now it looks like the dow is indicated up by 270 points. If we were to open here, the s p would open up by 33. The selloff we saw yesterday continued in asia. The nikkei was down by 2. 3 . The hang seng was down by more than 3 . The shanghai was down by 4 . European equities in some of the early tra
Committee will come together without onbjection. This hearing is for the purpose of receiving the semiannual testimony of the chair of board of governors of the Federal Reserve system on Monetary Policy and the state of the economy. I recognize myself for 3 1 2 minutes to give an Opening Statement. Not with standing the greatest monetary and fiscal stimulus, the economy limp aid long for eight years averaging 1. 6 gdp growth. Wages remain stagnant and failing since the 2008 financial crisis. New phrase by leftleaning academics in an attempt to rationalize the phenomena namely secular stag nation. Far more descriptive phrase is high taxes and heavyhanded regulatory policy. Fortunately with the election of donald trump and passage of tax cuts and jobs act that has all changed. Employment is now at a 17year low. Wage growth is the fastest in companies all over america are anow ns bonuses to employees and skpap expansions in their communities. Economic growth is averaging 3 . There is grea