Fed funds rate the chairman talking about the action and admitting that the cut may not be a cure yall, so to speak we do recognize the rate cut will not reduce the rate of infection or fix a broken supply chain. We do believe our actions will boost our economy. Avoiding a tightening of the conditions that will help boost household and business confidence. Then stocks whip sawed with stocks ending down yesterday, the yield dropping below 1 for the First Time Ever take a look where we stand now at. 94 as we speak quite a bit lower quite a day. You want to get ahead of these things but can you we were up 1,300. I know. Im not listening actually i do want to know your predictions. He would shave to do it at some point i think there is no winner here exactly if they didnt cut, you are skpengting why didnt they cut and the markets go down . What do they know nobody else knows. At this point, it is pure insurance trying to loosen liquidity. You look at people looking at mortgages. I locked i
And we have executives at davos falling over themselves to take action against Climate Change, something that will hurt their earnings per share even if it may save the environment. Yet, none of that seemed to matter until midday and then ultimately, the dow dropped 152 points s p. After we learned that the coronavirus has reached our stores and boeing told us that the 737 max wont resume service until june or july causing its stock to crumble and taking the average down with it. The coronavirus is precisely the kind of outbreak that would have decked any other market right from the opening i mean, really cause it to plummet. And then what would happen is it wouldnt get off from the canvas it would stay down but this market was able to hang in there until that onetwo punch this afternoon well, this hasnt resulted in huge number of fatalities, at least not yet. The fact that respiratory viruss like this one are incredibly difficult to contain should play a role here. So far, it seems le
Hello everybody. Thank you for the commission and for hosting this very timely briefing on the political and security crises in the democratic republic of congo. Congress as long changed u. S. Policy towards the drc and the wider Great Lakes Region of Central Africa using toward such , sexualoreign aid violence, child soldiers, humanitarian relief and international adoptions. And direct engagement with leaders. Over the years, many members of congress have pay particular attention to Human Rights Violations in eastern congo which is been at percent are of conflict. Successive u. S. President since the 1990s have appointed former members of congress to Service Special envoys in the region, most recently senator Russ Feingold and representative tom perry yellow who each held the mess post during the Obama Administration. Congressional concerns about the democratic trajectory group. It became clear that elections would not be held as scheduled. Deferring would would be their first ever el
26 inches of rain in 24 hours. It is every bit as bad as it. The volunteer navy back in action. They just showed up when word got out that the texas Louisiana State line was in deep trouble in deepwater. The flood came suddenly and those suddenly and though sukarno could take very little with them. This is a new wave of evacuees. Another spike in gas prices. You are paying more at the pump right now as we go into the labor day weekend. For since more than yesterday but the wholesale price of gas, rising sharply youll be paying even more next week. It was just one week ago today when word of this disastrous storm for surface. Meteorologist janice dean shot everyone went on this program she forecast 25 inches of rain to south texas. Many places eventually got double that. What a week it has been. Jam pack show for you. The stock market continues to rise in the north korean throttle rocket and threaten to bomb again. Varney company is about to begin. Train to now come in about half an hou
Congress have paid particular attention to Human Rights Violations in eastern congo. U. S. President since the 1990s have appointed special envoys in the region, most eachtly Russ Feingold who held a special post the Obama Administration. About thenal concerns rcs democratic trajectory. Congressional committees and policies. On and u. S. Todays conversation follows the hearing before this Commission Last november. Despite the finding of a political agreement and the opposition, the electoral calendar has yet to be issued and the security situation has badly deteriorated. We have an opportunity today to hear from a panel of true drc on how to address these challenges. My job ends will discuss several locations. Will discuss challenges facing the peacekeeping over u. S. Support for peacekeeping. Andill go to q a after that i would like to make sure theres an opportunity for Congressional Staff to ask questions if they have any. Please prepare your question for the first round. Thank you