A shift gardy his rival a dollar a separate sarah body to inaugurate himself. With your sports asian World Cup Qualifiers are postponed and tennis his biggest tournament outside the grand slams indian wells is cooled off of a coronavirus. Hello welcome to the news are the spread and fear of coronavirus is starting to have a global major effect on the economy and on the growing human cost us stocks plummeted in the opening minutes in new york even forcing a temporary halt in trading that followed more big drops in asian and european markets earlier in the day one days market shark was triggered by a plunge of 30 percent in oil prices have to saudi arabia increased production christensen is live for us in new york and kristen. Everybody was worried about the knock on effect that this would have once they saw asian and european markets open and it has had that domino effect in the u. S. On monday. Absolutely stocks across all of the major indices are down sharply this morning right now th
City this morning. For our audience worldwide, this is bloomberg surveillance. Equity futures on the s p 500 up. 2 . Date two for chairman powell and in washington, d. C. It is the state of the Union Address. We will catch up with amh in washington. It was a win for wall street but not the kind of win we were thinking about. This was not Monetary Policy, this was about Financial Regulations. Lisa there are lobbyists in washington, d. C. Getting massive bonuses. We saw that 19 Capital Requirement that the largest banks in the u. S. Were going to have to hold under new proposals basically being rolled back. Jay powell saying we will make a lot of changes to this after a lot of lobbying. Jonathan day one was in front of the House Financial Services committee. Date two was in front of the senate committee. The senator from massachusetts, Elizabeth Warren, i imagine Elizabeth Warren has followup questions about yesterday. Lisa i imagine she will not be particularly happy when people are loo
So for me accountability isnt just numbers, its not just a transparency. Is not information. We cant label the problem. Problem. We have to do something about it. This is stepping in when children need something better. We need to be held accountable. That to me is what a true accountability is. The issue of adequate and equitable funding is a big issue for this overrides community, for the urban league. I the opportunity to serve on the commission that looked at the issue. Paint a picture of where we are when it comes to the lack of equitable funding. What does it really mean . Once the picture . What do you see from where you sit . Its devastating. We us of article as a nation, marc. Folks a note on the k12 side federal money is like eight to 12 , half the money comes from states and 40 at the local level. Look across the nation, i go back to my home in chicago, we got less than half the money each year than wealthier suburbs four or five miles north of us along lake michigan. Think
Lowhanging fruit and that face the movement became a victim of its own success because nationally people thought thats got everything they want. Racism still exists in american society. Shelby county notwithstanding and you know if you got the Civil Rights Act and people dont want to see the nuances of racism even in the 1980s when people were talking about south africa. People were like you should be focused on problems domestically so i think we can do many things and also people are naturally inclined to have certain causes that they care about. People are naturally going to focus more attention on some things than others and what you care about the most might not be what i care about the most but what i care about the most may not be what you care about the most and i think we should encourage people to take up their passion and cause not turn their noses up when somebody is doing Something Else because basically we can cover everything through a specialization. So many times a foc
Mr. Nathan al kpapder sales, with the rank and status of the ambassador at large. Mr. George edward glass. And mr. Carl c. Rich to be assistant secretary of state for counselor affairs. I want to welcome the nominees, their families to this committee, congratulate them on their selection by the president and thank you for your willingness to serve, i also want to note that we have congressman rooney here supporting commissioner gingrich. Congressman rooney was the ambassador to the holy c. During the commissioners term. Well introduce two of our witnesses, the senior senator from oregon, senator ron widen, an esteemed member of this committee and senator portman from ohio. Were pleased to have you here today. Mr. Chairman, thank you for your courtesy, as senator portman knows, were right in the middle of debating tax reform, i know a topic of great interest to me here. And im trying to help out chairman hatch. So i will make this a filibuster free opportunity, mr. Chairman and it is a