Assets. It markets off about 1 . We will do that in the data check in moment. Life goes on. It francine, i think it has been under discussed, the challenges in the United Kingdom and lockdown. How locked down is the United Kingdom . Francine these are challenges to what we have seen around the world with countries, governments empower grappling with how soon do you ease the lockdown. Yesterday, there was a bit of excitement, certainly in the capital, because of the reopen toward the end of the month. There is no plan on schools. There are three grades, peoples that have gone back from june the first. We thought we would hear from the government of the u. K. A gradual plan on the rest of the year. If you are eight or nine years old, you would go back here, and it would be gradual. The government said they would not they did not want to a lot of guidance. They would leave it up to the schools to find out what is best. Tom absolutely confusing. The United Kingdom really looking out to sep
Cut this month thanks. We are seeing a big bounce back. All angles are covered for you bob pisani, Rick Santelli in chicago seeing new lows on the ten year yield, meg has the latest on the coronavirus and Steve Liesman on whether the fed will come to the markets rescue here we begin with stocks and bob with the latest here kelly, were just off the highs. The question is, why theres two essential reasons. Number one, we have extreme oversold conditions. Well explain that in a minute and number two, we have hope for fiscal stimulus and coordinated monetary stimulus and theres indications those are coming together as well there you got your rally take a look when we say extreme oversold conditions. It shows you mouch much the market momentum is moouing below 30, thats oversold. You very rarely see this its screaming buy in a traditional way to look at the markets. Another extreme indicator, you have nyse, the volatility index. We were at 49. Thats almost four standard deviations away. We
The Ranking Member and i will be recognized for five minutes during the question and answer sessions. Without objections ordered we will both be recognized for three minutes and they will now yield myself threeminute but once again thank you for being here its been seven years since the chair of the Federal Reserve has appeared before this committee and we are very grateful for your being willing to do that i want to make sure that we support the independence and the repeated attacks are unacceptable and dangerous. I look forward to hearing the testimony and discussing Opportunities Congress and the fed have to support the workers and to foster a healthy sustainable economy that works for all americans and with that i will yield to the Ranking Member. It is an honor to have you before this committee as the chairman of the committee has said its been many years since the researcher man has been here and now we are delighted to have you. I will submit my opening comment for the record so
Our conversation from the Brookings Institution on Monetary Policy and inflation continues. Coming up, well hear from former fed chair ben bernanke and New York Times columnist and authored paul krugman. Thank you all for continuing the conversation. Its almost hard to believe theres anything left to say after those panels. So i was going to propose that we do this whole thing in rap. Or maybe in finnish, but i thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. Also, you wouldnt want to hear me. So i am joined here by Olivia Blanchard whos with the peterson institute, formerly of the International Monetary fund and m. I. T. Loretta mester, and ben beg your pardon ben bernanke, our colleague here at brookings, paul krugman, the economist at the university of new york and columnist for the New York Times. Krugman is the guy that makes all journalists nervous because he seems to be more productive than the rest of us and thats kind
Or conversation from the Brookings Institution on Monetary Policy and inflation continues. Coming up, well hear from former fed chair ben bernanke and New York Times columnist and author paul krugman. Thank you all for continuing the conversation. Its almost hard to believe theres anything left to say after those panels. So i was going to propose that we do this whole thing in rap or maybe in finnish, but i thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. Also, you wouldnt want to hear me. So i am joined here by Olivia Blanchard formerly of the International Monetary fund and m. I. T. Loretta midwe loretta mester, and ben bernanke, and our colleague gary brookings and paul krugman, the economist at the university of new york. Columnist for the New York Times, krugman is the guy that makes all journalists nervous because he seems to be more productive than the rest of us and thats kind of frightening given that he does all of th