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Companies. Next, testimony from treasury secretary Steve Mnuchin on the u. S. Economy and Financial Stability. He also talks about digital currency, World Bank Lending and the potential impact of climate change. The tcommittee will come to order. Without objection the chair is authorized to declare recess of the commit at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 p. M. Per the request of the secretary. I now recognize myself for four minutes to give an opening statement. So let me welcome back secretary mnuchin. Today were here to discuss the ....
This is nothing this is something we should work on, and the work on this predated me coming to treasury and this has been a long time, and as i mentioned earlier, we may come back to congress and suggest that you pass legislation. I would ask you, this is not on your 2021 calendar. This should be on your december calendar. I agree. I look forward to working with you. I need to know whether you need legislation. I need to know what you need and we need to make sure that are 2 billion of outstanding debt where people kbts determine what interest is supposed to be paid, and i want to move on because i do chair the asia subcommittee for another week, and we focused on china. China could end up with 1. 5 billion of world bank loans. This is under discussion now. Chinas income has exceeded the level where they should be eligible for these loans and the Chinese Government has enough money to put a million uighurs behind bars and to ....
Hamas yesterday it was just a big hamas pr stunt. They have felt as weve seen them say publicly embolden by these protests on College Campus in the violence on College Campuses where people are screaming and support of hamas, right . We are hamas. A lot of these kids are screaming out in support of these terrorists. And i think we need to make sure we level set here and make it clear that in total hamas freeze the hostile judges, including the americans, right, stops Firing Missiles as they did just again, this morning at the crossing where humanitarian aid is coming over in gaza until they actually stopped doing that and back down on Attacking Americans and other proxies, Attacking Americans until t ....
The market, fear the market, follow the market, that is living to Deputy Governor of the bank said today. Do we fear the market, or trust it . Lets have a look at how we are seeing the rebound affect commodities. Up goes copper. We are also seeing oil on the rise. U. S. Supplies and it down for the Third Straight week. Up to 43 ais barrel. I want to focus in on currencies, we are seeing when dollar bounce back yesterday the market in europe was lower, but the u. S. Is actually having a come back. Were refactoring potentially when we might see hike. Aid hike fed rate to movehe dollar starts a little bit higher. The euro lower, having been up for them a percentage point yesterday. Bonds we are seeing risk appetites. U. S. Similarly, yields are on the rise. Money going into italy, money going into spanish debt as well. Lets have a look at some of the stocks hardest hit by china ....