Michael the fed is getting easier today. We will go now to top headlines. The market selloff went global and it began in china where stocks fell the most since 2007. It fell more than 8 . There are growing concerns at the chinese economic slowdown is getting worse. At the opencks sell as the dax dropped more than 2 . Futures indicate that u. S. Stocks will be lower at the open and ended last week down the most in almost four years. Oil is down again today as well. Went low 45 per barrel for the first time in more than six years. Three american servicemen have been awarded frances highest decoration, the legion of honor. They helped foil what could have been a mass shooting on a french train and they spoke yesterday at the u. S. Ambassadors residence in paris. The gun man would have been successful if my friend spencer had not gotten up. I want that lesson to be learned Going Forward. In times of terror like that, please do something. Dont just stand by and watch. Vonnie the gun man is
Dartmouth, just a few minutes from now. Lets get you caught up on some of the top stories. One of the most serious crises on the Korean Peninsula in years, talks between the north and south are in its third day of talks. Demands that south korea and the propaganda broadcast. Harry reid has come out in favor of the Iranian Nuclear deal. He was one of the democrats who hadnt announced how they would vote. Upma has been trying to line enough lawmakers to make sure it doesnt get killed in congress. Today the french president franceshree americans highest decoration. They prevented what could have been a mass shooting on a french train. The gun man would have been successful is my friend had not gotten up. I want that lesson to be learned going forward, in times of terror, do something. Moroccan gunman is a who had been flagged as a radical islamist. Hiringe is planning a binge on september 9. They will add 4000 employees. The Restaurant Industry has been struggling to retain staff. Chipotl
So, he trusted them too much, it turned out. Sunday night at 8 00 eastern on cspans q a. Next, economic scholars and banking experts discuss Monetary Policy and the impact of past Federal Reserve actions on small and large Financial Institutions. This was held by the American Enterprise institute. Its about an hour and 45 minutes. Good morning and welcome to the American Enterprise institute. This morning we have a very interesting policy session entitled how has a decade of extreme Monetary Policy changed the Banking System . Weve assembled a panel of experts, who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first reso
Experts who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first resort instead of the lender of last resort. T. A. R. P. Temporarily nationalized the Banking System, and the Congress Passed the dodd frank act to extend post t. A. R. P. Control over the system. It gave regulators extensive new powers and responsibilities over the Financial System. Deposit insurance limits increase by a factor of twoandahalf, and the slow recovery triggered fed qe stimulus, which created massive Bank Reserves, which required new fed operating procedures. So this morning, were going to discuss all these changes with a panel of experts. And
Ahead. Power lunch starts now yes, welcome to power lunch. I am michelle car use oh cabrera. Stocks have modest gains trying to avoid a Third Straight day of losses. Nasdaq higher by four. Two big toy makers rally on mattel jd. Com single day sales total more than 19 billion. And ggp is higher, after offer from brook field Property Partners to buy shares it doesnt already own. Higher by 8 tyson foods, higher 1. 5 beat on earnings that ceo joins us in a moment on power lunch. And tesla rallying 3 . Elon musk tweeting about a semi truck, unveiling this week saying it will blow your mind. Over to brian. He is in a special place yeah. Naples florida at the Global Leadership conference. Try to blow our viewerss minds with great guests. Talking market volatility or lack of. Bitcoin, Jpmorgan Chase, what happens when the Central Banks pull money back. Jeb bush on state of the gop and tax reform and ian bremer on trumps big trip, why a speech given by the president of china couple weeks ago ma