Senate committee on banking, housing and urban affairs will come to order. Today is a hybrid format. Our witnesses are in this person but members have the option to appear in person or virtually to consider the nominations of dr. Lael brainard to be vice chair of the board of governors of the Federal Reserve system. And acting director Sandra Thompson to be director of the federal Housing Finance agency. Its amazing what a difference a year makes. We have today safe and effective vaccines that are saving lives, that are getting people back to work. 207 million americans have fully vaccinated. In 2021 we added 6. 4 million new jobs, more in any year since 1939. Workers are demanding raises. Theyre finally getting them. Theyre changing jobs at record rates because people finally have some options. The past year has illustrated our economy works best when it works for everyone, not just wall street, not just the top 1 . Everyone. Whether you punch a clock or raise children or care for an
Senate committee on banking, housing and urban affairs will come to order. Today is a hybrid format. Our witnesses are in this person but members have the option to appear in person or virtually to consider the nominations of dr. Lael brainard to be vice chair of the board of governors of the Federal Reserve system. And acting director Sandra Thompson to be director of the federal Housing Finance agency. Its amazing what a difference a year makes. We have today safe and effective vaccines that are saving lives, that are getting people back to work. 207 million americans have fully vaccinated. In 2021 we added 6. 4 million new jobs, more in any year since 1939. Workers are demanding raises. Theyre finally getting them. Theyre changing jobs at record rates because people finally have some options. The past year has illustrated our economy works best when it works for everyone, not just wall street, not just the top 1 . Everyone. Whether you punch a clock or raise children or care for an
In the meantime lets get you caught up where we stand. Yesterday the markets had a rebound. The dow was up by over to 230. Volatility is back at least for a few days. Dow is down by almost triple digits decline of 96 points below fair value. Nasdaq down by 24 and s p down by over 30. Overnight in asia the nikkei stabilizeed a bit after the big losses it posted the day before catching up with what we had seen on friday. Right now you see nikkei closed up by 56 points. Shanghai composite was flat. In the early trade in the european be markets youll also see that the dax is higher up by by. 4 . Were also watching oil prices today. The International Energy Agency Cutting its forecast for global oil demand, the iea is citie ii wobbling asian demand and its taking prices down. Wti down by 2. 5 . Decline of over 1 to 45. 17. Some other headlines. Goldman sachs now cutting the odds of fed rate hike next week to 25 from 40 porjsly. The firms call came after fed governor brainard caused against
Things are happening rapidly in places like syria and as weve seen in the news today, ukraine. If this escalates, i dont know if we have the will. Shannon, comment . Especially if you can tailer the holistic view of things. Back to the removal of the expatriates, i think we spent a lot of time focusing on the message that that conveyed and i couldnt help but wonder what that had to have felt like, almost encapsulating the points we touched upon earlier which basically speak to the fact that the western world was saying you dont matter, well take out the people who do. Even if these are the people that raised you as orphans early in life, were going to separate. One of the things weve said in here in other classes, in earlier classes this xhsemester is that genocide undoes, things fall apart with genocide. The ties that bind people together, jep side genocide is fundamentally about breaking apart things like Family Structure and communities. Yet the failure of humanity in rwanda demonst
We appreciate your arguments today, thank you. The court may call the next case. Over the next few hours we will show you congressional hearings on professional and student athletics. Up next house hearing from brain injuries from football, hockey and other sports. Then we will look at scholarships, sex assaults and whether student athletes should be paid. Earlier in year a House Sub Committee looked into brain injuries from football, hockey and other sports. Officials with the nfl and National Hockey league talked about how their industries address the issue. We will also hear from professional and student athletes. This hearing is about three hours. All right. I want to thank everyone for being here. We are now at the full Committee Ranking member, the gentleman from california joins us. We now have the ability to start our hearing. So ill introduce you after my statement and before you start your testimonies. So ill open with my opening statement. Morning jan. So good morning and we