Decreasing Small Business burdens act. This bill is about jobs and it is about Economic Growth. And it is about jobs on main street. Make no mistake about it. Essentially the same legislative package passed the house last fall by a bipartisan vote of 320102. If i may, i want to talk about title 8 of this legislation, which passed the house last april by voice vote and it contains language from a bill i introduced in the last congress h. R. 4167, the restoring proven financing for american employers act. I worked closely with my colleagues across the aisle to craft sound commonsense language to clarify the volcker rule regarding the treatment of collateralized loan obligations. Lets talk about the volcker rule and what it does. As currently structured this rule will substantially disrupt the market from c. L. O. s, a vital source of capital for companies that cannot access the Corporate Bond market. There ares two negative impacts of this rule. It will have a serious negative impact on
The bible teaches us behold how good and how pleasant it is for brethrens to well together in unity because the house divided will not stand. May your servants in this body not look to parties, personalities, preference or press, but may they focus on principles and people. Let no personal ambition blind them to their responsibilities and accountability. God, we call our representatives politicians, but you call them ministers. May all the members of this body make full proof of their ministry. Ask for your guidance and blessings on their decisions and grace on their families. I pray the members of this body will psyche thy will in ways and have the spiritual courage and grace to follow it. Lift them above the claims of politics onto the dimension of a higher calling and mission. We pray this prayer respect in all prayers, all faiths, but we prayer this prayer pray this prayer in the name of our lord and savior, jesus christ, and until you come, we pray, amen. The speaker the chair has
Charlie gasparino has the exclusive interview. Lori the new ceo of General Motors and Many American women believe more needs to be done to get women in leadership roles. Adam turning an eyesore into an attraction. The Architecture Firm that designed googles headquarters is setting its sights on the keystone pipeline. Its proposal to build the 1300 mile long bike path. Lori sounds like an interesting idea. What else is interesting . Stocks selling off. The dow down 100 of the lows of the day but lets get some color on the action from the floor of the Stock Exchange, Nicole Petallides, we are heading for a third day of losses. Nicole the fear index to the upside, the dow industrials down 85 points. Nasdaq composite down 1 and the s p 500 dropping 0. 3 . We are to the downside and we will watch that after eight weeks of beans and in the meantime the vix has been jumping today. It is up 6 , almost 15, a level of 15 so we are watching that and heres a look at the dow laggers. The banking in
In asia overnight, equities markets were a little bit mixed. The hang seng was up by 1. 5 . Oil prices are down another 1. 34. Thats probably because of what youre seeing happening in the dollar. Look at the ten year note before we get to the dollar. The ten year note is yielding 2 point poip 482 . The yield getting pressed down. Take a look at the dollar. The dollar is down against both the euro, the yen and the pound. Right now the euro is at 1. 3353. Oil would be going up. Oil is going down on syria. On syria is coming even further up to the forefront. If you take a look at gold prices this morning, up slightly. Up by 7. 40 to 1,316 an ounce. Andrew. Thank you. What a weekend. I remember five years ago we had one weekend and now we have another one. Its not the same. With Larry Summers out of the race, will president obama pick janet yellen . Is donald kohn a candidate . Tim geithner says he doesnt want the job. We have three guests joining us. We have ben white back. Ill start with