Foundations for a new eastwest trade route. Rishaad the weekend hackers may strike again on monday. At apples market capitalization in excess of 800 billion. If you add them up, you have a 8527,d capitalization, we are at roughly 3 trillion. Quite something. That is what we have at the moment. Some people saying these five have too much clout when it comes to soft power and real power with the amount of data they have at their disposal. The tech names pushing higher with the rest of the market treading water. On the asian agenda, some china expected, retail sales come Industrial Production, some of that expected to have ease, particularly industrial activity , painting the picture q1 was week. I want to touch on the credit data over the weekend and on friday. , credit expansion continues to push forward despite the Deleveraging Campaign from beijing that has shaken the markets. We did see these numbers coming in stronger than expected, aggregate financing expanding to just over 200 bil
This morning the 20year note is back at a record yield at 24 basis points. 25 right now. If it is any consolation futures indicate we may actually have hit a floor today. Nikkei, chicago futures last i checked were up 195, 200 points above the actual index level at the moment. S p futures slashed to negative not by a lot. Elsewhere sharp drop in banks leading australian stocks lower. You put this together, it actually looks bullish, whats happening there. Now a reminder markets in china, hong kong, singapore, malaysia, vietnam. And thailand are actually shut which means this one market opens this hour, india, and judging by the futures can we 710, 81, ended up, yeah, flat, just negative open there for the market in india which opened up toward the latter part of the hour. But of course the big story nikkei 225 and whats happening or not happening today. Big move there. The japanese government says it is ready to act if the yen world beating rally continues. This comes as the u. S. Adds
Halliburton abandoning plans with baker hughes union regulators were not happy with Loretta Lynch saying no merger is too big to challenge. Let us know what you think of our top stories on twitter. The yen dominating what is going on with japanese equity trading. The markets are closed today. Reporter talk about first trading day of may. Markets. As reshot pointed out, have a look at japan. They are down 4 . A lot of that happening with a stronger japanese yen. Australia, just about every stock on the nikkei underwater at the moment. When you take the losses back on thursday, we are down about 7. 5 over just two trading days. Lets break it down across sectors. Down onngle sector is the nikkei. Have a look at the nikkei volatility index. We are looking at a sharp jump. It up there . There we go 18 higher. That is something to watch. A lot of people are starting to downsize. When the yen starts jumping around, expect people to be riskadverse. Volatility is higher than usual. We are watch
Committee will come to order. The panel will take their seats. Chair now recognizes the gentleman from kentucky, mr. Barr, for five minutes. Thank you, mr. Chairman. Mr. Woodall, since youve been the topic of much conversation as a fi beta kappa from kentucky, fellow kentuckian im going to leave you alone for the most part today. Let me start with Bank Regulators, prudential regulators and just note at a macro prudential level fsoc and banking regulators have participated in International Agreements with the Financial Stability board, basel and other forums and the main difference between u. S. Requirements and those promulgated internationally is that it seems that our domestic standards are more stringent than our foreign counterparts. A few examples, capital surcharge on Global Financial firms nearly doubled the International Standard. Supplemental leverage ratio that is double adopted internationally. A liquidity coverage ratio more restrictive than the International Standard and a
Thank you. The gentleman yields back from a very salient point which i think he will agree with the chairman that just citing interconnectedness is not enough of a criteria because no one else from the panel, i see, was able to answer your question as well. My daughters former Lemonade Stand is also interconnected if you go through the whole realm so i think there has to be more substance to it than that. But with that, i will yield to mr. Tipton for five minutes. Microphone, please. Does that work . Thanks for taking the time to be here. We have a large group and id like to echo comments made by mr. Lucas and mr. Stivers in regard to Community Banks, something critical for rural america, particularly in my district. Youve had to raise your hands simply because of the size of the panel several times here but i would like to be able to just get a sense of your feeling on the panel who is concerned about the challenges faced by americas Community Banks and Financial Institutions in these