Score lately what one new study is saying about the American Household and it may be good news for you on this monday, october 19th. This is Worldwide Exchange. Good morning, good afternoon, good evening, im Brian Sullivan thanks for joining us to kick off your week. Heres how things are looking to start this new week. Futures are solidly higher dow futures up about 135 points. Its a big autumn so far the nasdaq and nasdaq 100 coming off the fourth straight winning week both now up around 4 since the beginning of october small caps, they continue to shine. The russell 2000 up more than 8 on optimism for more stimulus as well as hope for a domestic economy rebound. Check this stat of the day out in the s p 500, 60 stocks are up more than 10 this month the best of the best is tapestry, tpr, the old coach retailer on the more macro front, another huge day for speakers from the federal reserve. Chairman Jerome Powell will make remarks along with three other fed speakers actually five other
Flat. The dax in germany up by. 30 . The moves would undermine opecs effort to try and control supply and raise prices. The wti is still sitting 50. 64. 22 are dead and Dozens Injured in manchester england. In this case, police say a suicide bomber likely detonated an improvised explosive device on monday night as people were leaving an Arianna Grande concert. Officials say that they believe they have, in fact, identified the bomber. The singer, Ariana Grande was not hurt. And several hours after the bombing she tweeted, in her words, broken, from the bottom of my heart. Im so sorry, i dont have words. Britains Political Parties have agreed to suspend campaigning until further notice. And donald trump made a joint statement with the palestinian president in bethlehem. So many young, beautiful, innocent people, living and enjoying their lives, murdered by evil losers in life. I wont call them monsters. Because they would like that term. They would think thats a great name. I will call t
Earth even as your providence guides them. Lord, redeem their failures, reward their diligence, and validate their faith. Crown their labors today with heavens approbation, strengthening them to rise above all that is common to do uncommon things. We pray in your holy name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Reid mr. President . The president pro tempore the majority leader. Mr. Reid i now move to proceed to calendar number 354. The presiding officer the clerk will report. The clerk motion to proceed to calendar number 354, s. 2535, bill to provide for an increase in the federal minimum wage and to amend the Internal Revenue code of 1986 and so forth. Mr. Reid following my remarks, mr. President and those of the republican leader, the senate will be
Transparent where it should be transparent but not transparent on personal matters where it shouldnt be is one of our very highest obligations. Im not aware of any effort for us to change that. Im happy to look at this particular matter. Okay. I would hope that the administration would not be proposing any kind of concept that would allow the Internal Revenue service to share freely information to other agencies without reasonable cause. Thats what ill be looking forward to your response on. Thank you. Thank you very much, mr. Chairman. Mr. Secretary, good to see you, sir. A few issues. I wasnt going to bring this up but chairman rogers brought it up and i think it got me thinking, obviously. Its your responsibility to enforce federal law. My understanding is it hasnt changed that marijuana is illegal under federal law. Yet i understand now your department is doing these guidelines or guidance, giving guidance to banks as to how to deal with something that is illegal under federal law.
Cash in there and it would probably be appropriate that just to revisit that and do some sort of economic analysis. And if its not something they cannot be part of that. But certainly its a great concept overall. Im happy to look at it and get back to you. Thank you. Now turn to mr. Serrano. Thank you, mr. Chairman. Im going to try to get in at least two questions because i know we have a short time, and mr. Secretary, you draw a big crowd. As you can see. Great attendance. Your request eliminates the Bank Enterprise award program, something im very concerned about. I have heard very good reports about the impact this program is having in my district and elsewhere. In fy14 we provided 18 million for it. Why are you proposing to zero it out this year . And i must tell you that its been awhile since ive gotten so many comments from constituents on an issue as im getting on this one. Congressman, we had to make a lot of tough choices in this budget, as you have to make in the appropriatio