Is titled concern continued oversight on Regional Bank failures. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. Without objection, the chair is authorized to declare a recess of the committee at any time. With that, i now recognize myself for four minutes. Todays hearing will help the Financial Services committee learn more about recent Bank Failures, including management missteps, supervisory failures, and rapid fire bank runs in the age of social media. I think our witnesses for testifying today. The recent banking crisis was fueled by failed Bank Management, lack of hedges against Interest Rate risks, failed military policy, failed supervision, and overspending by the administration and democrats that led to historic inflation, prompting increased Monetary Policy action. Today, we will hear about what went wrong from the Bank Management themselves in state regulators. This is important, as the c
Lets take a look across assets. We can look at the bond market as well as currencies. The bank of japan decides not to change anything with their stimulus. The euro is also strengthening against the pound. The 10 year yield is falling by one basis point. The sell off is continuing in the german bund market. David lets see if there is newse outside the Business World. Mma the white house is taking a victory lap after Congress Passed a landmark tax reform bill. Sident trump thomas promise that u. S. Companys would stop relocating overseas in the bill that the Corporate Tax rate from 35 to 21 . Taxof americans believe the bill was written to help the wealthy. When ale were injured van was driven into people. They described the driver as an all trout an Australian Citizen of afghan descent. British Prime Minister theresa may is moving into a Charm Offensive in poland where she will try to win more friends before talks on brexit trade in march. Shes making the trip after toling her deputy h
Or can we fix it . And if so how in particular . Youre about to hear how from our expert panel. Let me introduce them in the order in which theyll speak, as we proceed through the panel well be working our way through the various titles of dodd frank frank. First will be my colleague peter wallacen. He co directs aeis program on financial studies, was co chair of the pew Financial Task force and served on the Financial Crisis Inquiry Commission where he wrote a very enlightening and highly controversial dissent. Previously peter was White House Council to president reagan. General council of the treasury department. Financial crisis was spawned by the financial crisis spawned dodd frank, do you understand what spawned the financial crisis . Buy peters book hidden in plain sight in case you havent yet. Our second speaker senior director of Global Government Affairs strategy and Public Policy of bloomberg, where he covers policy issues in europe, asia and the u. S. Equity, fixed income,
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To record high. This morning futures are looking like this. Markets expect today continue to gains with another higher opening at the start of trading, dow industrials expected to be up about 20 minutes, nasdaq also strong today a third of a percent. 32 points higher for the nasdaq. Cac quarante best performer. In asia overnight, gain as cross the board on top of record rally on wall street. Hang seng index best performer up better than 1 . Earthquake strikes near north korea, pentagon says its not as a result of nuclear test. Amazon looks to take another industry, this time real estate. Details on the new report that sent zillow shares to the basement. A new eye to prevent overbooked flights. We have the story as well after turmoil at united all year. All the stories and joining me to talk about it Fox Business Network Dagen Mcdowell, back, former Goldman Sachs partner and Peter Kiernan and andrew peek, good to have you here. Thanks so much. Maria good morning, everybody. I missed you