Higher by 35 after the s p snapped a fourday winning streak yesterday, the dow, nasdaq and s p 500 still on track for third week on gains this week, boosting the American Economy, the white house working on another round of stimulus reportedly to the tune of 1 trillion. We will talk about it. Meanwhile protestors taking to the streets for a tenth day in a row, mostly Peaceful Demonstrations happening from coast to coast as memorials are held for george floyd, clash of tech titans, elon musk is calling for the breakup of amazon. Meanwhile slack and amazon are joining forces to take on microsoft. Joining me at 8 50 eastern on powerful alliance. Getting make back to work, universal orlando opening gates to public and nba has plan to return july 31st. Mornings with maria begins right now. Global markets this morning with firmer tone, take a look at european indices right now, the cac quarante in paris is up 106, better than 2 and dax index in germany 213 points. European markets closing ou
Be in in this kind of market. In real estate, we have a 5 of our book of our real estate book is in is in hotels. Thats a really low weight. That equals 50 basis points of plan assets. Thats a really low weight. And except for the Mortgage Investments that well talk about which we think that are an absolute return and the Energy Investments in our Natural Resources portfolio, which are going to take a very long time to come back, you really need much higher demand and much less supply to begin to get a good return out of that. Thats a really longdated story to come back. Im not sure how much its going to come back. But except for that one part of our por portfolio, i dont view anything as structurally broken. Well, the other thing that to consider in the numbers that bill presented is that these are indices. And if you look at the composition of s an s p 500, 50s health care and health care and the amazons and the ne netflix d google. And they are benefitting from this type of environm
Bureau. Details the creation of the bureau and its work. Good evening everyone. Host on behalf of our organization, is a pleasure to welcome this presentation with richard. I want to acknowledge that our institution stands on the traditional territory of the people particularly here. We thank him for our continuing use of the Natural Resources of the settlement. Only thank you all for tuning in. There is on Youtube Channel our facebook page. In these public strange times and we are thrilled to present virtual editions of our programming. And Live Streaming to create a digital page to conserve town halls. Folks are well beyond. Everyone is willing to talk to their computers now. I want to thank rich for helping us keep the conversation here at town hall. And closed caption version of tonights program, please watch on my youtube page. Rich will speak about for about 20 minutes. After that we will ask questions. You can also go to the questions by clicking the arrow next to the question t
To this virtual hearing the honorable steven mnuchin, secretary of the department of treasury and the honorable jerome powell, chairman of the board of governors of the Federal Reserve system. We will receive testimony from the secretary of the treasury and the chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A large portion of this funding is authorized under title iv of the cares act which provides resources for loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and programs in support of eligible businesses, states, municipalities, and tribes. Title iv of the cares act provided 454 billion as an infusion into the Exchange Stabilization fund to support the Federal Reserves emergency lending facilities that facilitate liquidity in the marketpl
Update from prudential regulators. This is a timely discussion as we engage with the nations prudential regulars amidst the health care and economic devastation of the covid19 pandemic. In queens in other parts of new york city have been very part hardhit. We at seven marquesas and more deaths than most states in the country. I did knit this healthcare cris millions have lost their jobs and loss of income compounded the Economic Impact. But thanks to the doddfrank wall street reform and the implication of the decade before the financial crisis, the nations Banking Sector has emerged and develop a bright spot with adequate capital and worked with clients to restructure mortgages and loans and extend credit. But but i that serious concerns about the implementations of the ppp Stimulus Program and the role some of the banks played and prioritizing loans are Large Companies rather than Small Businesses a minority community. But thanks to the hard work of chairwoman waters and chairwoman ve