stocks after starting out looking like it was going to be a rough week. we ll see how friday finishes out but things are flat right now. jack dorsey heading back to the helm of the company. he ll going to run things why they try to find a replacement for dick costolo stepping down on july 1st. shares did pop on the news yesterday afternoon and you can see they re up almost 5% in the premarket and as we said we will be talking more about that in a little bit. in addition alstom is defending general electric deal to officials. the french engineering group is trying to sell it s power business to ge. reports of a statement of objection from the european commission did not prejudge the outcome of the inquiry. retalked about this on the show but they suggested qe needed to offer bigger concessions to win eu approval it needs to pay for an expanded recall of cars. in other corp. gnat news we just talked about blackberry may put google android software on one of its devices for
the economy. it will come as no surprise to you, chair yellen, that improving economic growth is a key priority for congress this year. 2016 was the 11th consecutive year that the u.s. economy failed to grow by more than 3%. one way to improve our economic growth is it to study and address areas where regulations can be improved. since the financial crisis regulators have imposed thousands of new pages of regulations. we all need to better understand the combined impact of these rules on lending, liquidity, cost for small financial institutions, and broader economic growth. it is time to reassess what is working and what is not. i m encouraged by president trump s executive order on core principles for regulating the financial system. directing the treasury secretary in consultation with the heads of the other member agencies of asoc including you to report on how well existing laws and regulations promote or inhibit economic growth will be a helpful step as we move forward.
voting rights march in 1965. then they ll turn to the monetary policy report from the fed. you re watching live coverage here on c-span3. will come to order. we have a quorum. the committee will briefly conduct an executive session to report s-527 to award a congressional gold medal to the foot soldiers who anticipated in bloody sunday, turnaround tuesday of the final selma to montgomery voting rights march which served as a catalyst for the voting rights act of 1965. i m pleased to serve as an original co-sponsor of this bill. i thank the other members of this committee including the ranking member, who ve also agreed to co-sponsor this legislation. with that understand that there are no amendments and there are no objections. mr. chairman may i make i m pleased we can mark up this important piece of legislation today. a bill with strong bipartisan support as chairman shelby said. it honors those americans who fought so hard for civil rights with the congressional gold
240,000 per month during the first half of last year to 2880,000 per month during the second half and employment rose 260,000 in january. in addition, long-term unemployment has declined substantially. fewer workers are reporting that they can find only part-time work when they would prefer full-time employment and the pace of quits, often regarded as a barbarometer has recovered to its pre-recession level. the labor force participation rate is lower than most estimates of its trend and wage growth remains sluggish, suggesting that some weakness persists. in short, considerable progress has been achieved in the recovery of the labor market but room for further improvement remains. at the same time that the labor market situation has improved, domestic spending and production have been increasing at a solid rate. real gross domestic product estimated to have increased at 3.75% at the annual rate. g.d.p. growth is not anticipated to be sustained at that pace, it is expected to
and welcome. we begin tonight with records on wall street. lots of them. and the woman who made them happen. blue chip dow index, the s&p 500, the small cap russell 2000 make new highs today. the nasdaq has its third highest close ever and it was all because of one person. the federal reserve chair janet yellin. in testimony today on capitol hill yellin didn t say too much about future rate hikes but didn t say too little. the markets interpreted as what she did say just enough to keep the door open for a later than mid year interest rate ride. she made it clear the central bank will consider rate hikes on a meeting by meeting basis but she made no promises. with that the dow jones industrial average closed in record territory with a gain of 92 points and 18,209. nasdaq rose 7 points tenth straight gain there. its strongest win streak since july 2009 and s&p 500 up nearly 6. yellin s comments sent the yield on the ten-year bond back below 2%. steve liesman with more on today