Making money. Charles another good day for the market. Investors getting more evidence of a rate cut on the way. President trump pointing out the world is cutting rates, the fed should as well, because of faulty thinking process there at the Federal Reserve. He is worried saying we pay much higher Interest Rates in countries no match for us economically. Another words our Interest Rates are much higher than other countries when they should be lower. This comes from comment from three fed officials that boosted expectations after rid cut. Edward lawrence at the white house. Reporter you are talking about James Bullard, john williams, new york fed president and Richard Clarida, and Jerome Powell in a speech today. He pushed Federal Reserve to have a rate cut during their next meeting. I want to zero in on the third tweet that he made. The president said in that tweet, quote, this is our chance to build unparalleled wealth and success for u. S. Growth which would greatly reduce the percen
A daunting proposition when the weather is going to turn to 97 degrees later this week. To the day,his is, the anniversary of when it happened in 1997. Questions. A lot of in the meantime, it is a quiet morning ahead of the u. S. Open. Some muted price action. Brent crude reaching the highest level since may. German three year yield dipping a basis point. On theg market currency heels of a less bad that expected gdp report from china. David today we mark the beginning of a big week for bank earnings. At 8 00,with citi tomorrow. Y jp morgan we also get retail sales and Industrial Production numbers. Companies Tech Companies face questions on capitol hill. Netflixy, we get earnings. Thursday, gm unveils its own new made engine corvette. In british open begins northern ireland. That is all coming up this week. We are joined today by Gina Martin Adams and damian sassower. Lets start with those china numbers. I will put up a chart that basically shows what happened. It was the lowest on rec
Credibility and accountability and will tip to do so. Do you have another question. Im going to make a quick note on that. And see if dan agrees. Afghanistan is going from a fairly corrupt patronage system to a system which will be professional, transparent and noncorrupt. That is a long hard road to travel. And if president ghani moves too fast he will break his politics. And he will cause so many groups to be disgruntled with him and organize against him. So we have to be patient and recognize that this kind of transition is very difficult. Hes got to be on that road he has to be convincing of the afghan people, but we have to give him a little slack. Because if he moves too fast and breaks his politics and we lose the government, then we lose the possibility of moving to a professional, transparent and nonrupt system and go back to the old afghanistan and that is not good for anybody. Sorry. And i absolutely concur with that. And i guess finally the last question on reconciliation a
Customers a day. Host you will have to leave it there. We appreciate your time. We will now bring you to the Senate Homeland security and Government Affairs committee. They are looking at the bureau of oversight. And the challenges facing the federal prison system. You can see the chairman, ron johnson, who will be gathering there shortly. Senator johnson good morning. This hearing will come to order. I am looking forward to this. I was telling the witnesses, i have read all of the testimony, and i generally do that to the best of my ability, sometimes the testimony can be a little dry and will put me to sleep when im reading later at night. In this case, not whatsoever. The testimony was fascinating partly because i am new to the issue. I will keep my Opening Statement brief. I know senator booker wants to make an Opening Statement and he is been involved longer than i have. Being a business guy i am dated driven data driven. The data on this with a high level incarceration rates are
One as well. Mr. Dillard i feel like the work is on the offenders themselves. When i met a lifer who rated difference in my life, throughout my prison sentence i realized how the older inmates tried to encourage the younger ones. I still feel like you cannot leave formerly incarcerated citizens out of the equation. Mr. Ofer i will give two quick examples. There are states that have reduced the risk of solitary confinement without the risk to staff and to inmates. In colorado, 2011 placed 7 of its incarcerated population in solitary confinement. In 2011, colorado place solitary confinement at 7 . Today, its about 1 . We have seen a dramatic decrease in the use of solitary by banning the use of solitary against people with Mental Illness. The second example is bail reform. What weve done in new jersey and what other states are looking at we had 10,000 people sit in jail awaiting their trial because they cannot afford a few thousand dollars in bail. We have completely revamped that system