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Now treasury sect nominee Steven Mnuchin testifies before the Senate Finance Committee Help faced questions on hi as ceo of one west, bank that foreclosed on thousands of home owners after the 2008 downturn. This portion of the hearing is three and a half hours. Committee will come to order. Welcome to this more mornings hearing. Well discuss the nomination of mr. Steven mnuchin to serve as secretary of treasury for the Incoming Trump administration. I want to officially welcome mr. Mnuchin for to the finance committee. I certainly appreciate your willingness to appear before us here today and to serve in this important position. The position of treasury secretary is among the most important in the executive branch. The next treasury secretary will be asked a lot of questions that are going to very, very important here today. Well be talking about advancing policies that will improve our inagurations economic and fiscal outlook. This position oversees the collection of taxes and the ma
There is a little bit more bullish than an hour ago on stocks. There is a lot of money going to havens. Tom the flow of news into this mornings call more. Is calmer. The fragility, within the United Kingdom and United States political scenes, Something Else to talk about today. Francine there is a second vote and we understand it will be a twoway race between Andrea Leadsom and theresa may. Lets get to the bloomberg first word news with nejra cehic. Nejra francine, exactly as you say, the race to succeed David Cameron is narrowed to two candidates today. Theresa may and Andrea Leadsom are the favorites. Conservative Party Lawmakers vote in the second round today. The two contenders will face the parties wider membership. The new leader will be selected by september 9. Germanys chancellor Angela Merkel says there can be no sustainable security in europe but without russia. Germany and its partners the agree an offer to have a dialogue. Merkel told lawmakers she plans to boost defense sp