D Draymond Green is an early investor power lunch starts right now. On track for its longest winning streak since may of 2018 check out the names hitting records across sectors home depot texas instruments, sherwinwilliams and duke energy for more on whats powering the markets down to bob pisani on the floor of the New York Stock Exchange. Hello, melissa. We are approaching an historic high, 3027 is the intraday high, 3025 is the closing high that goes back to july. The check list, the reasons that got us here is really very short. Just take a look at what weve been moving, whats been moving. We got first of all momentum on trade talks. Thats the most important thing weve been seeing. Decent Economic Data in the United States as well and weve had hopes for Aggressive Central Bank action as well. And thats about it. Thats the whole check list that resulted in somewhat lower concerns about recession fears out there and the i remember packet on the markets in the past week has been rather
This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and the secretary of housing and urban development, both of whom have just proposed proposals to the president , as well as the director of the federal Housing Finance industry who serves as the regulator and conservator of fanny mae and freddie mac. Last friday marked 11 years since the government bailed out and put fanny mae and freddie mac into conservatorship where they remain today. Prior to 2008, they held just 0. 45 in capital for every 100 in mortgages they guaranteed. Now they hold just 0. 19. After a historic 200 billion bailout from the taxpayers. 11 years later, these Important Companies continue to be too big to fail, and are even more leveraged than they were before the financial crisis. And taxpayers remain on the hook in the event of the next market downturn. In march, President Trum
The president has completed meetings already with russias vladimir putin, the japanese Prime Minister, and indias modi but it is the oneonone with chinas xi jinping that has the potential to be the most marketmoving event. So it will be very critical for wall street, the u. S. Economy and the rest of the world. Bank of America Merrill lynch analyst says if a deal is struck, the s p could sail over the 3100 mark but if President Trump doesnt like the tone of talks and perhaps slaps new tariffs on more chinese goods and materials, the broader index could drop 5 . That would equal roughly 150 points from where we are right now. And there is latebreaking news from osaka. A trade deal could be on the verge of being struck, but its not between the u. S. And china. We will take you there for the up to the minute developments. China, a big topic during last nights democratic president ial debate. Hear what some of the 2020 candidates have to say about the way President Trump is dealing with th
Good afternoon, everyone. Thank you for being with us our audience. Today is here at the competitive enterprise institute. My name is kent lassman im the president here. Im joined by Mark Calabria. It is also so welcome to our online participants. I will be taking questions throughout the hour in the room there will be a microphone available thatll be coming around to make sure that youre heard. And if youre online and you want to take part. The conversation with mark, our author today. Theres a q a function found at the bottom. Your screen. You can type in your question and itll be fed to me here at the front of the room today, were going to talk about shelter, the storm marks new book about a very interesting time in americas financial history. This is the intersection of covert government and some shakiness in the mortgage rental markets. I learned a lot reading the book. I look forward to the conversation and i just want to get started with a big thank you not only to you, for the
Good afternoon, everyone. Thank you for being with us our audience. Today is here at the competitive enterprise institute. My name is kent lassman im the president here. Im joined by Mark Calabria. It is also so welcome to our online participants. I will be taking questions throughout the hour in the room there will be a microphone available thatll be coming around to make sure that youre heard. And if youre online and you want to take part. The conversation with mark, our author today. Theres a q a function found at the bottom. Your screen. You can type in your question and itll be fed to me here at the front of the room today, were going to talk about shelter, the storm marks new book about a very interesting time in americas financial history. This is the intersection of covert government and some shakiness in the mortgage rental markets. I learned a lot reading the book. I look forward to the conversation and i just want to get started with a big thank you not only to you, for the