Turnaround. Thank you. Can we ask you a few questions . Think the markets overreacting . Oh, you know, youve been in the market so long one way or another, wall street, government, fed, Broadcasting Markets the market. Is, my reading of the numbers that we have in i acknowledgein, this could change and i couldledge the situation deteriorate and i acknowledge the risks. But given what we know factually, looks to me like the market has gone too far. And it canhis before come back very rapidly. Im not saying the markets wrong. Is. S what it you got millions of people trading all around the world. Everybody,think whether youre an investor or youre ordinary, mainstream person, people should not overreact. Thats important thing, not overreact. Is we have an incredibly Strong Public Health system and as i said to stu varney, the rapidfire,s taken unprecedented actions to help of emergency event further discrimination and i deterioration, and i think things. Very good moree president consider
Order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds independent Monetary Policy. A recent news story noted that trump has tweeted over 100 times about the fed since your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics in upholding the feds independence you should be mindful of public perception. Of course, trump continues to try to claim credit for Economic Growth that was put in motion by the policies of president obama Congressional Democrats and the Federal Reserve, irresponsible tr
Fed, broadcasting now. The market is the market. What i am saying is that my reading of the numbers we have at hand, and i acknowledge this could change, i acknowledge the situation could do t deteriorate, but it looks like the market has gone too far. And itseen this before could come back very rapidly. I am not saying the market is wrong, it is what it is. You have millions of people trading all around the world. I just think everybody, orther you are an investor whether you are an ordinary main street person, people should not overreact. That is the important thing, lets not overreact. In america, we have an incredibly Strong Public Health system. Reporter one the president consider extreme measures to respond to this . Considering that or any other alternatives . There is nothing definite i can report. Conversationst of in and out of the oval office. We were quite a while yesterday talking about one thing or another. Thise dealing with almost a day at a time. We have no precipitous
The stock that has taken the thrown of most shorted name in the United States and paying big bucks for a massive uncut gem. All of that as Worldwide Exchange begins right now good morning im dominic chu in for Brian Sullivan your mystery chart for this thursday, you are looking at the most shorted stock in the United States after losing that title in september we reveal the name to watch coming up. First, here is how stock futures are shaping up after yesterdays landmark trade deal signing. You can see the dow will open up by another 100 points, s p by 1 and nasdaq by 46 the dow and s p coming off record closing levels with the dow coming off 29,000. That marks the 40th trading day since the blue chips finished above 28,000 for the first time on november 15 the fastest such climb for the dow since january of 2018 when it took only eight trading sessions to close above the 26,000 mark from 25,000. For perspective. To go from closing above 26,000 to 27,000, it took markets more than a ye
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