[inaudible conversations] welcome, everybody, todays hybrid hearing. Pursuant house rules some members will appear in person and others will appear remotely via webex. Since some members are appearing in person let me first remind everyone that pursuant to the latest guidance from the house attending physician all individuals attending this hearing in person must wear a face mask. Members who are not wearing a face mask will not be recognized. Let me also make a few reminders for those members appearing in person. You will see members and witnesses appearing remotely on the monitor in front of you when youre speaking in what is known in webex as active speaker view. At time is visible in the room directly in front of you. For members appearing remotely i know you are all familiar with webex by now but let me remind everyone of a few points. First you will be able to see each person speaking during the hearing. Whether they are in person or remote, as long as you have your webex set to
Hearing in person must wear a face mask. Members who are not wearing a face mask will not be recognized. Let me also make a few reminders for those members appearing in person. You will see members and witnesses appearing remotely on the monitor in front of you when youre speaking in what is known in webex as active speaker view. At time is visible in the room directly in front of you. For members appearing remotely i know you are all familiar with webex by now but let me remind everyone of a few points. First you will be able to see each person speaking during the hearing. Whether they are in person or remote, as long as you have your webex set to active speaker view. If you have any questions about this please Contact Committee staff immediately. Second, we have a timer that should be visible on your screen when youre in the active speaker with him know. Members who wish to pen the timer to the screen should Contact Committee staff for assistance. Third, thousand rules require that w
C cut. Iran accuses israel of an air strike on the embassy in syria with several revolutionary guards killed. And xiaomi shares surging in hong kong as the tech giant enters the ev space. With byd sales jumping it over 300,000 in march with expectations for tesla later on today. Start the show with the breaking news with the pmi. Manufacturing activity in the eurozone took a turn for the worse in march with a steeper pace than february. This looks like demand is continuing to fall. This is, of course, according to the pmi data. It did show a bit of an uptick in optimism. In terms of the actual numbers, the final eurozone pmi dipped to 46. 1 in march from februarys 46. 5. That did beat the preliminary estimate of 45. 7. We all know if you watch the show, that the below 50 mark denotes growth is not exact. If we are below 50, we dont have growth. If we are above want to get ba mark. We are seeing comments on that over the last eight months. The Manufacturing Industry is climbing. Nonethe
Earnings from verizon, ebay and American Express, job cuts a deal with carl icahn and more to digest this quart. Airline results are in. Continental getting hit. Southwest ceo with us in a few moment. The decision marks waiting for. Ecb abouncing bondbuying program to revive the eurozone economy. News conference in frankfurt, mario draghi said asset purchases amount to 60 billion euros a month starting in march, continue until september 2016 lower oil, jim, not inhibiter here. No. I thought germans would argue, cant do this now. But that failed. You have some our rates are all over the map, i want to be careful our rates had gone up big, even in the last few minutes come back down. Spanish tenyear 1. 4 now. Our tenyear 1. 8. I remember when we would sit here in 2011 and talk about how maybe the spain would go bust and rates were going higher and higher, now right i dont know who would buy that piece of paper. But i think i know who may have to, which is draghi. Yep. He may be a buyer t
Meanwhile, on capitol hill, the senate moves ahead to provide more sanctions on russia, but the measure could get hung up over proposed reforms to the International Monetary fund. Those changes are opposed by more republicans in the senate and the house. That is the one thats gone. The republicans continue to set up those that dont have that in it in the house. When you get to committee, i dont know exactly what happens, when you get to conference. Investors, meantime, are going to be keeping an eye on a new batch of Economic Data in the United States today. We get the s p caseshiller home prices for january out at 9 00 a. M. Eastern time. Economists are thinking well be seeing a 13. 5 year over year rise on home prices in the nations largest markets. But, again, there will be a key read that economists are watching. At 10 00 eastern time, we get consensus forecasts, calling for a 4. 9 drop in february new home sales. And at the same time, well be finding out how competent consumers ar