Documentary writer and producer talks about her new pbs film about evictions during the coronavirus pandemic. You can join the conversation with your text, calls and tweets. Host schedule d. C. On the same day. Former President Trumps first return to the capital. Yesterdays speech at the Heritage Foundation was postponed, but it is one of a series of events that mike pence has been using testate his vision and clarify his purpose in the Republican Party in 2020 beyond. Good morning. Welcome to washington journal. The lines to use for democrats, republicans, independent and others, and you can always text us. Make sure you include your name and where you are texting from. We would love to hear from you on twitter or instagram. That speech last night was postponed because of serious weather issues. It is going to be rescheduled. We will show you some of the recent comments by the Vice President and tell you about a speech he is giving today and an event at the America First policy confer
Were going to dig into that number. There is also evidence of a great rotation. The nasdaq falling today. The russell falling. Some say thats where rebalancing would begin. Older blue chip, oldschool names like dupont, ibm, ge may be the beneficiaries. And europe making a big move today. Cutting rates. But was it too late . And speaking of big moves, the fda officially proposes banning artificial transfats in foods like frozen pizza, cookies, crackers, refrigerated dough. Thats a food group unto itself. Frosting and coffee creamers. First, though, to sue. At the nyse. Hey, ty, its great to be here. Twitter, as you know, went public this morning. It went flawlessly. And im standing right here at the post where twitter now trades. And this is the guy, glen, come in here for one second. I know you dont have a mike. Glens the guy, the designated market maker. He opened the stock this morning. It was a flawless debut. Congratulations. Thank you. Were going to be all over twitter throughout
Ride, down 1. 5 at 4155. There are ways to win while the markets drop and we will look at the etfs, they kind of go the other way. We are talking about ways to short the emerging markets without taking on too much risk. Its tricky but you can do it. And signs, signs, everywhere a sign as the old song went. We will look beyond the indexes and the data at some other key stats like trucking and shipping activity to get a different view of whats really going on with the u. S. And the global economy. First, though, lets check in with sue at the nyse. Its a very unpleasant day for the bulls once again today. Ty showed you the numbers just a minute ago but lets take a deeper look at the dow intraday. Take a look at that chart. We are off 200 points plus on the Dow Jones Industrial average. That is just a tad off the low of the session. We have been deteriorating throughout the day, really. The transports, i wanted to highlight because they are really getting hammered today. We are now off bet
Fiscal cliff may well decide how the voting goes. Well tackle it all but lets begin with sue herera. Sue . Another day in the red for the markets. Yeah, very much so, ty. We have a lot to get into in this hour, a very important discussion in just a moment. First a check of those markets though. The Dow Jones Industrial average was in the red just a few moments ago and now it has bounced back up into the green with the Dow Jones Industrials now up ten points. Nasdaq composite up four, the s p 500 up 2. 77. We begin this hour with ceos on the fiscal cliff war path. Chief executives of 80 very well known and large u. S. Companies, like at t and aetna, putting pressure on congress to cut the federal deficit by cutting spending and by raising taxes and changing the tax code. One of those ceos campaigning to fix the debt is nicholas kelio. President of airlines of america. You have an awful lot of experience in several administrations in washington. So you know how the game works. How close
That chair is authorized to declare races of the committee at any time. This hearing is entitled, Holding Meghan banks accountable. Oversight of americas Largest Consumer facing banks. I recognize myself for four minutes to give an opening statement. Testifying before us today, we have the ceo of the seven largest u. S. Commercial breaks that each serve millions of consumers. Chairwoman of this committee, i prioritize connecting rigorous oversight over our nations largest banks and their activities. Last year for these mega banks that survived for us. Since then our motion continues, to battling ongoing epidemic. Inflation that is affecting every household budget, russias invasion of ukraine, raising Interest Rates another crisis. And better that economy. In this environment, the role of banks played to protect consumers and provide access to Affordable Credit is absolutely critical. Over the past several years that weve seen several symptoms of banking across the country take a dramat