Thank you again. Its my pleasure to introduce, deputy secretary, sarah bloom raskin. She has been a real leader in our efforts here and the efforts in the Federal Reserve board and the state of maryland in the n sen. Deputy secretary will be joined by ross johnson and john rogers jr. , the chairman and ceo and chief Investment Officer of aerial investments. Please join me in welcoming them to the stage. Good morning. Thank you, elias, for introducing this panel. Thank you all, really, for today, joining us for this bank forum for what promises to be an enlightening discussion. We are going to be talking about building jobs and opportunities for communities of color. We know that the challenge is related to the challenge of access to a Financial System that is designed to foster inclusion. Hence, the name of todays forum, the friedmans bank forum. Think about it. More than 150 years ago, the friedmans savings and Trust Company was founded at the direction of president lincoln, right nex
One was anticipating. You know the Central Banks are good about telling the markets what theyre going to do in advance and when that doesnt happen you see swings like this. The Swiss National bank coming out with its news saying it was going to delock the swiss franc from the euro. Since 2011 they had been tying the currency cap in 2011. Swiss national bairng was saying you had to have 1. 2 swiss francs to the euro. They let that go unexpectedly. Moved 30 . Basically 120 euro. 120 swiss francs to the euro. Yeah down. 86. Right. Its complicated stuff and theres a lot to get your head around but this is a massive move. Weve never seen a currency swing like this before. It was also the u. S. Dollar we saw the swing against because the dollar was high against the swiss frank because it was tied to the euro. When they let that go it was a massive snap. So it had been that they were benefitting by being tied to a weak euro but it wanted to go much higher and obviously i want it wanted to go
Into 2015. You can see this morning that the markets are barely budged overnight. Well see what happens as we get closer into the opening bell. Right now, take a look at the tenyear note. At this point, the tenyear is yielding 2. 577 . Still below 2. 6 based on some of those dovish comments, again. On todays market agenda, we have weekly jobless claims. First time filings are expected to climb by 3,000. In addition the economic numbers, we have investors continuing to Pay Attention to the situation in iraq. White house Officials Say the u. S. Is likely to use air strikes due to the lack of clear targets. Meantime, the wall street journal reports the Obama Administration is using without. First, andrew has this mornings top corporate news. The story on the front page of the wall street journal this morning really makes you think. This oped, did you see that from Rupert Murdoch this morning . First, corporate millions. Jeff immelt, the General Electric ceo is flying back from paris after
The pandemic. Just hours ago, the World Health Organization announced more than 150 new excuse me, 150,000 new cases were reported yesterday, marking the most in a single day thus far. In terms of Companies Taking action, apple is shutting down stores in four states where covid numbers are up. And one of those is, you guessed it, florida. We have reporters covering the story from all angles. Starting with cnns rosa flores in miami. And what did the governor say about the spike in cases there . You know, he acknowledged that its due to an uptick in young people not social distancing. Ill get to that, but first, florida busting its own oneday record, posting 3,822 cases in one day alone. And also we learned that the median age of the individuals who are tested positive for coronavirus has plunged from 65 to 37. According to the governor, its expected to keep plunging. And according to the governor, this uptick is due to young people being infected. And he says that they are not social di
I support him. Congressman lewis is doing a great disservice to the people of the 5th district. Good afternoon to you, im richard lui. There you heard it, war of words between donald trump and congressman john lewis. Many coming to the congressmans defense, others defending the president elect. All of this comes as congressman lewis called trump an illegitimate president , then trump saying lewis is all talk, no action. A major ice storm. Were watching that, gripping parts of the Central United states. Well take you to the hardest hit areas in a few minutes. Say it isnt so. After nearly a century and a half of the greatest show on earth, ringling brothers and Barnum Bailey circus are shutting down their tent. Lead story, Incoming Trump Administration Officials answering for the president elect today as he continues to come under fire for his response to congressman john lewis who, in an interview with nbcs chuck todd, says he does not see trump as a legitimate president , citing a cons