On capitol hill, what is the anticipated first two questions going to deal with . Will it be regulations or his personal conflicts of interest . I was just outside the Senate Finance Committee Hearing room where a bevy of activity is taking place as we anticipate this hearing to get started at any moment. Already looking to define him as someone who is out of touch with the middle class. They even have former clients of one west bank and they will talk to reporters. Recruitedchin has other folks looking to argue quite the opposite and that he was able to help people particularly low income folks merger. One west the take away there will be a lot of pressure on his previous financial dealings. To marsha question blackburn, a republican, about how they will defend. Will come back to that and in a moment, thank you. Let me go to jim milstein. It sounds like they will talk character and so forth as opposed to actual policy. Does he get confirmed . We will see. Onhink they have the votes th
Finance committee in about an hour. Well bring it to you live. Plus netflix boom ten years after launching its u. S. Streaming service. Netflix crushes earnings expectations. Not just its largest quarterly subscriber gain in history. And ecb leaving rates unchanged. Nasdaq futures pointing to a mostly flat open but dow on pace to drop for a fifth session in a row. First up, more trump cabinet picks heading to the hill for more confirmation hearings including Steven Mnuchin, president elects choice for secretary treasury to appear before Senate Finance in about an hour. Expected to be grilled on his role overseeing foreclosures while running one west which was indymac, also expected to be asked whether he agrees with weaker dollar policy, a lot to get to today. Look, i was involved with in indy mac, which he bought, people are willing to leave their homes before they leave their cars and it was the most reckless there was and they reamed me on it. And this guy went and bought indy mac a
Senator hatch committee will come to order. Welcome to everyone to this mornings hearing. We will discuss the nomination of mr. Steve mnuchin to serve as secretary of treasury for the Incoming Trump administration. I want to officially welcome mr. Munchin to the finance committee. I appreciate your willingness to appear before us here today and serve in this important position. The position of treasury secretary is among the most important in the executive ranch. The next treasury secretary will be asked will be asked a lot of questions that are going to be very, very important here today. They will be we are going to be talking about advancing policies to improve our nations economic and fiscal outlook. This position oversees both the collection of taxes and the management of our debt and in addition, as Congress Works to reform our nations tax code and fix our broken health care system, it is absolutely essential that we have a cooperative partner overseeing reasury. That is, quite f
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7 00 if youre watching in amsterdam. Get to the phillips breaking numbers. , 374 quarter adjusted million euros. They are saying that the lighting separation process is well on track and that is a key topic of conversation. They are trying to exit the lighting business. Whether that is an ipo or a sale. How well is the medical equipment part of the business doing as they are trying to suffer out the lighting separate out the lighting part . They are looking to streamline their costs, adding on Servicing Agreements and incorporating more technology into their health care products. They have hired banks to prepare for this possible ipo of the liking business. We will speak to the chairman and ceo at ex 40 this morning on countdown. Just for a little bit of comparison, that revenue number looks to be ahead of estimates. That is the Early Morning earnings season that started monday. Over in asia, a conversation a combination of oil prices and a strengthening yen. Lets put that in a little