Thank you, the Housing Affairs committee will come to order. General powell, after your Opening Statement and you want to give it again, you can certainly do that. The fed has immense power in shaping the economy, your report is clear, stable prices and employment. The cost of living is too expensive for americans. The fed has one tool to fight the high prices, Interest Rates. That tool does nothing to takes the real cause. Corporations price gouging to boost profits and make their shareholders richer. Higher Interest Rates dont force corporations to lower their prices but high Interest Rates are raising housing costs, hindering wage growth, stifling Small Businesses, we all know that. Now is the time for the fed to decide whether it will make good to their commitments to workers and families by lowering Interest Rates and protecting our Financial System from wall street executives who have used their wealth and power to influence Economic Policy and avoid accountability. Keeping rates
Europe may have to pay up for premium features. It is tuesday, october 3rd, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start the day as we kickoff the hour with the check of u. S. Stock futures after the mixed monday. We see the nasdaq with the fourday lead. The dow is up right now. Up 30 points or so. Higher for the s p. As always, it is early. We are checking the bond market with the tenyear marching higher. 4. 68. You see the upward move over the last month. These yields moving higher. Something well talk about later on in the show. We are looking at energy. Oil extending recent losses after its worst day since august. Look at the wti crude right now. Up fractionally. Back below 90 a barrel. The move to the down side. A few days ago it was above 90 a barrel. Still positive for a month. That is your u. S. Set up. We now want to go to europe and opening up in the red after the rough session overnight in a
Pete it is the 9 a. M. Hour of fox Friends Weekend. We start with this fox weather alert. Massive tornadoes tear through americas heartland leaving behind destruction in iowa e and nebraska amongst many other states. We have the latest updates. Will and its new york versus trump returning on tuesday after extabloid publisher david pecker claimed he never if used the term catch and kill with the former president. Carley plus, more americans say theyre being shamed into tipping even for coffees and selfservice kiosks. We have your responses on tipflation. The final hour of fox Friends Weekend starts right now. Will to a fox weather alert. Right now 55 million americans r alert one day after massive tornadoes tore across americas heartland. Carley at least 59 twist thers in texas, kansas, oklahoma, iowa and the hardest hit state has been nebraska. Pete fox weathers Nicole Valdes is in ilkhorn elkhorn, nebraska, with more. Reporter good morning. Look, its a sad day here where there are doz
Will will its the 7 00 a. M. Hour hour of fox friends and massive tornadoes tear through the heartland and leaving destruction in nebraska and iowa. We have updates. Pete Joe Biden Sat down for an interview, but it wasnt exactly hard hitting. Im sitting here with a phenomenal guest and somebody ive wanted to meet for a long time and someone im an admirer of. This is thrilling for me and really excited youre here. More americans are being shamed into tipping even for coffee or selfservice kiosks and talking about tipflation. The second hour of fox Friends Weekend starts right now. Will i dont know that red hot chili heppers song. Pete sounds familiar. I know it for sure. Will tell me baby . Californication, definite not. I like them. Pete generally we play the skyline game and shoreline game. What part of the shore is that . Go. Rhode island not on my list. Jaire im going to new port, rate of inflation, in a few weeks. Pete long island sound. Get into this game and youre a geography guy
Similar conclusions that this was down to a pilot ever. The conditions were incredibly up for the the pond. It was advice alone to play in an alternative field which he didnt do that was some blaming opponents report which pit try to pin the blame on russian and Traffic Control was a number. Those were prosecuted or charged in poland. Now, in 2015, this became something of a political football with the lower and Justice Party which were in opposition. They came to power and they sold to pin the blame on russian or they came out with all sorts of, uh, uh, funding simple titles of a cover up a collusion would you believe between a dont know task and vladimir putin, of old people and the posts for this claimant that had been an explosion on the play. Now that language was quite harsh at times, particularly from potent the defense minister said, i dont quite him directly. He said in 2015 that the government added by putting to me is fully respect a symbol for this tragedy. Then as recently