That really has been down to currencies. The dollar index is up at the moment, but if you look at it over 24 hours, actually, its down by. 3 ,. 4 percent. One of the main beneficiaries of crown weakness has been strength. Sterling has been propelled about 1. 5 in the last day or thereabouts. The dollar weakness has been felt with the yen also moving to the upside. Theres another reason we are seeing upside on equities in japan. Gold not a major beneficiary, though it was at oneweek highs at one stage after the dollar was sagging earlier on. Thats a look at markets. Lets head over to tom. Tom lets get you up to speed with some of the other first word headlines. The Trump Administration is ramping up tensions with china once again, designating six asnland Media Outlets foreign which it says are controlled by beijing. They include the economic daily, which provides a look at beijing economic news. The Administration Says all six are substantially owned or by atively controlled foreign gov
Lawmakers also heard testimony from the head of the housing agency, this hearing is just under three and a half hours. Will come to order. Without objection the chair is authorized to declare a recess of the committee at any time. This hearing is entitled, the end of Affordable Housing . A review of the Trump Administrations plans to change Housing Finance in america. Before i recognize myself, members, today is mr. Mchenrys birthday. [ applause ] if anyone wishes to sing happy birthday, please save it until later. Thank you. We all thank you for that, madame chair. Happy birthday. Thank you. I now recognize myself for four minutes to give an Opening Statement. Good morning, today were here to discuss the impact of the Trump Administrations Housing Finance reform plans. We are joined by treasury secretary steven ma shun, ben carson, and mark calabrio welcome. Let me say up front the Trump Administrations housing reform plan would be a disaster for our housing systems. The Trump Adminis
Test. Test. Test. Test. Jennifer wextomoments if y respond to the questions that you were not allowed to answer when they were asked. You had to be still while, they threw more insults your way, but if you would like to take time to respond now, you have that time. I appreciate that. You know, obviously, the reason i took this job is because i feel that our country is in trouble. And we need to do everything we can to provide the right kinds of opportunities. At hud, for instance, an organization that was largely focused on just getting people into programs, getting people under a roof, and thats not a bad thing, but i really want to maneuver us to a place where were getting people out of programs and to a level of selfsufficiency. We have really aimed at that. And the question that was asked about homelessness, this is a very serious problem and one that i think is solvable in our country. You know, with a place like tokyo, which has more people than new york city, can solve homelessn
Of Affordable Housing, a review of the Trump Administrations plan to change Housing Finance in america. Before i recognize myself members, today is [inaudible]s birthday come back if anyone wishes to sing happy birthday please save it until later. [laughter] we all thank you for that. Happy birthday. We now recognize myself performing its given soft Opening Statement. Good morning. Today we are here to discuss the impact of the Trump Administrations house and finance reform plan. We are joined by treasury secretary steve mnuchin, hud secretary ben carson and federal Housing Finance agency director. Welcome. Let me say that the Trump Administration Housing Finance reform plan would be a disastrous for our system. The trump demonstration is threatening to end the conservatorship of the government sponsored that is the gses. Would ask National Action to provide and expose the government guarantee. It is implement it in this way and is likely create turmoil in the Housing Market will preve
Today, it is mr. Birthday. [applause] rep. Waters if anyone wishes to sing happy birthday, please save it for later. [laughter] we thank you for that, madam chair. Rep. Waters i recognize myself for four minutes to give an opening statement. Good morning. Discuss theto impact of the trump and ministrations housing reform plan. We are joined by stephen mnuchin, hud director, ben carson, and mark calabro. Welcome. Administrations housing reform plan would be disastrous for our housing system. The Trump Administration is threatening to end the conservatorship of the government sponsored enterprise. Without congressional action to provide explicit government guarantee, it is implemented in this way, it is likely it would create turmoil in the Housing Market, prevent Many Americans from obtaining 30 year fixed Rate Mortgages unblock families across the country from attaining the American Dream of homeownership. For this reckless plan administrative action on the table, the Trump Administrat