Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
Manus yesterday we broke the news that there was a ratcheting higher in the tariff wars wars. What are the implications . The economy is stable. They will adjust Economic Policy as is appropriate. It really is about the next response lever from china for me. Nejra questions are being asked about whether they need to do more to fuel credit and support the property sector, loosen some of the controls. Some of the reaction we are seeing is not because of pmi, because they show a little more pressure from trade, but more because of the response and the words weve had from authorities today. Manus lets talk about the rest of the response mechanism. Steven major said, im talking about ground zero for trade. The new Zealand Dollar. A lower move. The market believes you are going to see a much more aggressive repricing. Cutprobability of another from the kiwi. The shorts are the highest since november. Have a look at the yuan. What is the correlation between the negative yielding bonds and gol
[inaudible conversations] good morning everyone. The committee will come to orde order. We are here this morning to review ongoing Recovery Efforts in puerto rico and the Virgin Islands in weeks of Hurricane Irma. We are now over two months removed from when Hurricane Irma devastated st. Thomas and st. John on september 6. Its been nearly 60 days since Hurricane Maria hit st. Croix and puerto rico. This is a little over a week ago that senators cassidys, franken and i, along with senator carper who was just here and senator harris as well as some of our house colleagues visited both st. Thomas and puerto rico. I want to thank both governors, the governor or cello for your hospitality, the time that you gave us during that visit was incredibly important for all of us to see to be on the ground and to be hearing directly from you. I know that some other members of our committee have traveled to puerto rico previously and i thank them for that as well. What i think we observed is that the
Hero and vermont founding father ethan allen. He was the first, then commandant of the Green Mountain boys. They were the largest paramilitary source in north america, if not for the actions allen. Alan ethan a visit to the Lake Champlain maritime museum. Lake itcas first great is a 140 miles long water superhighway that cuts between the Green Mountains of vermont and the adirondacks of new york. Cspan cities tour of. Urlington, vermont sunday at 2 p. M. On American History tv at cspan3 working with our cable affiliates explore america. The governors of puerto rico im a Virgin Islands testified about hurricane recovery efforts. There is also testimony from utility officials including the director of the puerto rico electrical authorities who resigned a few minutes after this hearing. Were over two months removed from when Hurricane Irma devastated st. Thomas and john on september 6th and its been nearly 60 days since Hurricane Maria hit st. Croix and puerto rico. Just a little over a w
Very good y to contl that, do, be as to prepar as possible to limit amount we will leave this to hear from governor rk scott, a hurricane ate from irma. Governor scott good afternoon, erybody. First, today, september 11, 16 years ago our country came under attack and thousands of innocent americans lost their lives. We will ver fort them and today we reflect on e memy of the love and loss. Were also reminded of the brery and selfless dedication of our Law Enforcement and First Responders. Some of which tragically lost theirives. I am always amazed of the resolve of Law Enforcement and we are seeing their commitment to families of our state today as they conduct search and rescue missions to keep people safe. Today i want tohank the u. S. Coast guard. I want to thank admiral schtz for making me on todays journey to assess the damage. We have a wonderful coast guard. We have a wderful military. And i can tell you i cant say engh about how they have shown up and theyre continuing to show