families, which is a war crime. the news continues. aa erin burnett outfront starts now. the banking system is safe. tonight, president biden moving to calm panicked americans. two banks collapsing in three days and now the spotlight on the entire industry. and donald trump s lawyer s going on the offensive ahead of a potential indictment. the former president refusing to testify before a grand jury. our department is urging anyone thinking about traveling to mexico, especially spring breakers, to avoid those areas, because right now it is too dangerous. and a warning for spring breaker after kidnappings, murders, and the disappearance of three women. [ speaking non-english ] plus, russian wives and mothers tonight calling on vladimir putin to stop calling their sons to be slaughtered. and why it s never too late for the dream. we took a vote. the president believes you ll be a valuable asset to our organization. i want to say thank you for this acknowledgem
A lot of people leave cities and go further and further out to get opportunity. The supreme courts jurisprudence undermines the government being racially conscious to counter that. Host we want to thank you for your conversation this morning. The house is about to gavel in and we will bring you up to the floor for a live gaveltogavel coverage here on cspan. The speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers rooms, washington, d. C. May 16, 2024. I hereby appoint the honorable mary e. Miller to act as speaker pro tempore on this day. Signed, mike johnson, speaker of the house of representatives. The speaker pro tempore pursuant to the order of the house of january 9, 2024, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties with time equally allocated between the parties and
Names like cocacola, pepsi, hit especially hard. We will focus on all of the green because thats really the story today. Nasdaq, another spot to take note of today. The outperformer as well this week. Even apple up nicely despite the midweek downgrade a strong week for alphabet and nvidia as well. Take a look at those three, having pretty good gains. Leads us to our talk of the tape. Whether the storm clouds for stocks are about to pass, as earnings season kicks off in earnest next week. Lets ask tom lee. Fund cofounder and head of research. Welcome back. Good to see you. Its been a while. Great to see you, scott. I will start calling you prescient tom. I hope you dont mind. Because this morning, at 10 23 in the morning, you said possibly this is the flush, bottom line, possibility equities reverse into the close, well, it looks like you called it, tom. What do you think about this reversal and what it means . Well, i think if we think about the data for the past week, the stagflation
Mr. Wilson, i want to get back to you. In september 2012, icba survey found 55 of bankers decreased their Mortgage Business or stopped providing higher priced Mortgage Loans and higher priced mortgages that took effect in 2010. I wondered if your bank still does offer an issue mortgages and if so, have you decreased the number of mortgages because of regulatory uncertainty . Yes, sir. Most all of our mortgages would have fallen into the higher priced mortgage and we do not have the staff capabilities to escrow insurance and taxes. Again, the last few seconds, thank you so much, all of you for being here and we do want to figure this out. We need to clean this up and ultimately i want to see Community Banks that are vibrant in our communities again and with that i yield back, chairman. The chair recognizes the gentleman from colorado. Thank you, mr. Chair. Somebody mentioned the incredible cost of dodd frank to the system, but i just want to start that before dodd frank in the summer 20
To the fed minutes. Yes, the initial impression was that they were hawkish. Now perhaps the market reevaluating that to some extent. We will get more on where this market and the economy is heading from none other than mohammed el erian. He is here exclusively in just minutes and have some good insight on why the market has continued to rally in the face of so many troubling geopolitical developments. And another tale on the any might be new data that Shows Americans are starting to struggle with paying down their auto loans. This coming after taking out record high amounts in car loans. Some with iks isyear, sevenyear terms. Phil lebeau joins us with the details and why some say it is a canary in the coal mine for our economy. Now lets take a look at these markets. We did take a leg lower as those minutes from the fed hit about an hour ago but since the dow is made up that lost groun grobd and then some, up 60 points to 16980. The nasdaq is up just about a point to 4528. And the s p w