The number that we got from the university of michigan was not a strong. As strong. That was for january. This is for february. 162. 4 in expectations component at 109. 7. A handful of economic reports we got this morning including durable goods that fell more than estimated. All of that to weigh as well. Changedcks little following yesterdays rally. Theyve been bouncing between gains and losses. 2006 p 500 going back to beforel about 3 to go we retain that record high. Retail is one of the areas of strength today. Macys with a rebound in its comparable sales. 11 straight quarters of declining comp sales, seeing an increase of 1. 4 . Dillards up 3 . A strong Holiday Season for these Department Stores which desperately needed it. Nordstroms and kohls also on the rise. A potential media takeover or media spoiler. Mark will get into sky in just a moment. Comcast has made a competing bid for the u. K. Media company. This could potentially spoil disneys quest for 21st century one which owns
Been near 0 and feds been printing money like never before jay powell has to unweekend that without damaging the economy. Lets see how that Opening Statement is being received on the stock market. Fairly well, dow industrials and the s p 500 and the nasdaq they will all open ever so slielgtly lower. Remember, this follows two day of gigantic tbains. Theres other news, fedex will not join the boycott nra movement that is intimidated several other Big Companies and the state of georgia threatens to take away a sales tax benefit from delta if that airline continues its nra boycott. The state to play is this, boycott that will be hashtagged boycott nra as politicized business. And it is trying to silence anyone who supports Second Amendment rights. And then theres the nfl. Commissioner Roger Goodell will reportedly demand 2 million from cowboys oiner jerry jones for his activities during last seasons anthem protests. That is not over. But Varney Company were about to begin. Stay there plea
Committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time and all members will have five legislative days within which to submit extraneous materials to the chair for inclusion in the record. This hearing is for the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy and the state of the economy. I now recognize myself for three and a half minutes to give an Opening Statement. Notwithstanding the greatest monetary and fiscal stimulus in your nations history, the economy has limped along for eight years, arch averaging only 1. 6 gdp growth. Savings failed to recover from the 2008 financial crisis. A new phrase was coined by leftleaning academics in an attempt to rationalize the phenomenon, namely secular stagnation. A far more accurate and descriptive phrase, though, is high taxes and heavyhanded regulatory policy. Fortunately, with the electi
Committee will come together without onbjection. This hearing is for the purpose of receiving the semiannual testimony of the chair of board of governors of the Federal Reserve system on Monetary Policy and the state of the economy. I recognize myself for 3 1 2 minutes to give an Opening Statement. Not with standing the greatest monetary and fiscal stimulus, the economy limp aid long for eight years averaging 1. 6 gdp growth. Wages remain stagnant and failing since the 2008 financial crisis. New phrase by leftleaning academics in an attempt to rationalize the phenomena namely secular stag nation. Far more descriptive phrase is high taxes and heavyhanded regulatory policy. Fortunately with the election of donald trump and passage of tax cuts and jobs act that has all changed. Employment is now at a 17year low. Wage growth is the fastest in companies all over america are anow ns bonuses to employees and skpap expansions in their communities. Economic growth is averaging 3 . There is grea
City, we arent that large that we dont really have [inaudible] of San Francisco. And clearly a number of steps have been taken, but they do appear to take an awful long time to get there. Even if we ignore the fact that this is a 2015 report because we did get an update on the current priorities and in 2016, were hoping to hear better information, but the fact that after all the discussion, that saint lukes is just an example. It has taken almost three years in order to bring about one additional bilingual staff member. And was apparently some question that there is community input. So i believe that from at least the health standpoint, we certainly are on point with most of the agreement. I do think that im somewhat concerned from director dods first comment that we didnt have the fee assessment within time, but we had agreed to have an assessment and i would ask staff that those points that are in compliance or within the compliance, but clearly if were behind in that, then the issue