This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and secretary of housing and urban development, both of whom have submitted reform proposals to the president , as well as the director of the federal Housing Finance agency who serves as the regulator conservator of freddie mae and fanny fannie mae and freddie mac. It marks 11 years since the government bailed out and put those where they remain today. Prior to 2008 the Government Sponsored Enterprises held . 45 in capital for every 100 in capital for every 100 in mortgages guaranteed. Now they hold just . 19 after a 200 bailout from taxpayers. 11 years later these systemically Important Companies continue to be too big to fail and are more leverage than they were before the financial crisis. Taxpayers inevitably remain on the hook for the next market downturn. In march pres. Trump signed a memoran
Through to the open. The s p up about. 87 . Nice gain. The nasdaq up better than 1 . It is a rally. Please note, the market has completely reversed, the selling that greeted the inverted yield curve scare and the china trade scho scare even though that is a threat. The Hong Kong Police have banned the giant demonstration planned for this saturday and beijing has brought in fresh troops. The scene is set for a crackdown. If that happens, it would likely affect china trade talks. By the way, monday, the hong kong protesters have called a general strike when our market is closed. Watch out Tuesday Morning. Heres what we have for you. The markets rallying bigtime. Interest rates are falling. The president speaks to Brian Kilmeade and here comes dorian. Likely a cat 3 hurricane when it hits florida. Varney company about to begin. Stuart ive got to say this. The market just seems like it just wants to go up, bearing in mind yesterdays rally and what weve got coming at us first thing this mor
The nasdaq up better than 1 . Thats a rally. By the way, the yield curve is not inverted. Treasury rates are now firmly above their lows of the last two weeks. Got a question for you. Why would apple, with over 200 billion in cash, borrow even more money . They are jumping on the cheap money band wagon, issuing bonds along with cocacola, disney, deere and a host of other Blue Chip Companies. They are making hay while cheap money flows. And they will pull in money from overseas, too. Over here, corporations pay interest. Over there, not so much. In a moment, you are going to see the extent of the devastation in the bahamas and dorians track. Its strengthening and heading for the carolinas. Varney company about to begin. Stuart we start with the hurricane. It is now a cat 3 storm as it makes its way up the east coast and takes aim at the carolinas. Meanwhile, in the bahamas, more images emerging of absolute devastation. At least 20 are dead. That number is expected to rise. Jeff flock is
Right now. Lets get it started lets get it started in here good monday morning and welcome to Worldwide Exchange im dominic chu in for Brian Sullivan today here is how your money and the Global Markets are setting their day up, at least to start. Stock futures indicating the dow will open by about 215 points. The s p up by 23 and the nasdaq up by 61 points as well. The bond market right now is already in focus because yields are creeping higher. The yield on the tenyear treasury note right now currently just around 1. 61 . The twoyear note yield 1. 53 . So for those keeping score, that eight basis point spread between the two getting wider after an inversion that briefly happened over the course of the last couple weeks lets go worldwide now in asian trading, Central Banks in china unveiled an Interest Rate reform aimed at helping Lower Borrowing cost for chinesebased companies. That in turn helped send the entire market in asia higher the shanghai composite up by over 2 . The hang son
Here coming into the southern parts of the Shenandoah Valley that will graze through here during the morning commute. Off to a wet start on your tuesday. But the Severe Weather threat is arne. The flood watches over with. The heaviest of the rains are behind us now. Nothin more than occasional showers coming on in. Grab the reumba. Showers could linger through the afternoon. Temperatures raincooled this 72 in prince georges county. These temperatures are 5 to 10 degrees cooler than we were at the same time yesterday. This afternoons high tomorrow almost 20 degrees cooler yesterday, d. C. Topped out at 96. Todays high temperature, 77. Melissa mollet, that is employee of the month stuff for me. Definitely it is right now. Take a look at this. First 4 Traffic Alert this morning. Different issues around town. Multiple issued. A couple of them on the beltway and then one on 270. A tractortrailer has jackknifed and lost a load the and we are sending a crew there shortly. The other issue on t