This morning we will consider the nomination of the honorable jerome or j powell to be chairman of the board of governors of the Federal Reserve system. Governor powell, welcome and cleationings on your nomination. I see friends and family behind you and i welcome them here today as well. And public and private success tore career and Financial Services, he served as an assistance secretary and undersecretary of the treasury under president jorntle h. W. Bush and Financial Institutions and a treasury debt market and understand experience in Investment Banking and was a partner at the Carlisle Group before board of governors in 202 during years of service in government and in the private sector governor powell has proven hes qualified to lead the fed. If confirmed he will play an Important Role in striking the the proper balance between the need for a safe and sound Financial System and the need to promote a vibrant growing economy. Over past year ive seen regulators carefully and evalu
We will take you live to William Dudleys remarks. First, julie hyman is with us. We are halfway into the monday trading day. Julie we have nearly a flat line. The nasdaq gaining a little more, but it has given up about half its games today. We had a record at the end of last week, so we are seeing that extended into todays session. Any higher close, no matter how small, will be a record for the averages. Gains are somewhat tepid. I want to check some of the under the radar movers. One is anthem. The company is getting a new chief. Josephl be succeeding later this month. She is one of the highest ranking women in the healthinsurance industry. She was formerly the ceo of united health. Of the insurance arm of united health. Comments in the u. K. There is a trade dispute with boeing. He says the final ruling may not match the preliminary ruling, which was more in bum party are bombardiers favor. And analyst says we are seeing a rebound to a sixweek high in natural gas. Bestt weather has l
On tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Babbel. A language app that teaches reallife conversations in a new language. Collette. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. The lemelson foundation. Committed to improving lives through invention, in the u. S. And developing countries. On the web at lemelson. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff from the white house on down, they are still digesting tuesdays Election Results and analyzing the possible trump effect. But two things a
On tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Babbel. A language app that teaches reallife conversations in a new language. Collette. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. The lemelson foundation. Committed to improving lives through invention, in the u. S. And developing countries. On the web at lemelson. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff from the white house on down, they are still digesting tuesdays Election Results and analyzing the possible trump effect. But two things a
This is bloomberg surveillance. Final trading day of this week. Next week is a shortened trading we cure him london because of the main bank holiday. May bank holiday. Also on track for the Third Straight monthly advance, which is the best run since may 2016. Investors buoyed by the first round of the french president ial election on sunday. The next one is next sunday. Strolling up against the dollar. The best run since december. Highest since september last year. The best run for a month, also gaining for a second month. Gdp data at half past. That stopped sterling in its tracks as gdp comes in line with estimates, relative to the prior quarters. Today gdpr could see the economy expand at 1 annualized. Historically, the First Quarter has been week. Will the rest of the year make up for it . Will there be a shutdown, to name one issue . Trumps tax plan renegotiating. Geopolitical risks. Crude today is up, below 50 after a rally in the first half of april. Oil is set to end the month b