The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Loving god, we give you thanks for giving us another day. As the members of the peoples house begin the day, grant them an abundance of your grace. May they be filled with the spirit of wisdom, patience, and good will toward one another and the issues to be addressed this day. Bless them, o god, and be with them and with us all this day and every day to come. An may all that is done be for your greater honor and glory. Amen. The speaker thank you. The chair has examined the journal of the last days proceedings and announces to he house her approval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. The pledge of allegiance will be led by the gentlewoman from illinois, ms. Kelly. Ms. Kelly i pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty an
Got to come away with something hes got a very very narrow majority in the countrys parliament he doesnt control the senate so certainly he will want to return to islamabad with something tangible out of his meeting with President Trump to be able to shore up the position of his government like in washington thank you. Im still ahead on the program set for an unprecedented majority in ukraines president followed him as a lengthy snap election gamble pays off. On burning anger in the philippines thousands protest against president bush rico to take his state of the union address. So we got a really ramping up across western parts of europe at the moment might see want to see records broken over the next couple of days the air being pushed in from the south quite a bit of cloud here just tumbling across scotland down into the north sea running across scandinavia pushing down into the low countries and that will make its way further east with will be some showers and thunder pools certain
Haidi welcome to daybreak australia. I am haidi stroudwatts in sydney where markets have just come online. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias major market opens and the top stories this hour. Wall street shrugs of another harder than expected u. S. Inflation reading, the data doing little to alter bets that the fed will cut rates this year. Haidi japan is set to unveil which negotiations. Annabelle australias Wine Industry is cautiously optimistic amid reports that china has proposed lifting tariffs on the countrys wine. Kicking off with some breaking data, south korea releasing its jobless figures for the month of february. That reading has come in lower than what economists had been expecting. The reading is 2. 6 . We are below the postpandemic averageyear of 3. 3 sort of seen as the National Rate of unemployment at least by, our Bloomberg Economics team. Importantly, the reading of 2. 6 is below the average for economists and even the ra
About the collapse of silicon bank west church of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role the Federal Reserve and the Deposit Insurance Corporation Bank Regulation of Risk Management. This event as hope and by the brookings institution. Kground noises] [background noises] good morning everybody. Im director on fiscal and Monetary Policy and be half the hutch and Center Center on me you to this event both the people in the room and the people watching remotely. Our subject today is what lessons we have learned from the really interesting efforts of march 2023. A year ago the glol Financial System suffered the most significant banking stress since the Global Financial crisis of 2007 and eight. As you all probably know if event Silicon Valley bank failed prompt and the fdic to take it over the middle of the dayay could not even make d it to the weekend which is as a one off event. Silicon valley was certainly for lack of a better term unusual. Th
Nt is hosted by the brookings institution. David good morning, everybody im director of financial policy here at brookings. Id like to welcome you to this event, both the people in the room and people watching remotely. Our subject today is what lessons we have learned from the really interesting episodes of march, 2023,. A year ago the Global Financial system sthiferred most significant banking stress the Global Financial crisis of 20072008. As you all probably know, Silicon Valley bank failed prompting the fdic take it over in the middle of the day couldnt even wait until the weekend, which is really unusual. Its tempting to see this as a oneoff event. Silicon valley was, for want of a better term, unusual. Almost all its deposits were uninsured, it was woefully unprepared for an increase in Interest Rates, but it was followed by what some have called the panic of 20 if thenature bank and First Republic and oversea credit suisse. To arrest what u. S. Authorities feared was a spreadin