We will now proceed with Opening Statements. I wish you all a good morning and welcome to the fourth hearing in the economic Emergency Management subcommittee. One of the purposes of this committee is to protect taxpayer dollars by ensuring they are spent effectively, efficiently and with transparency. That brings us to todays hearing which is entitled landlord and tenant. You can tell from the title that today we will be investigating fairly unprecedented situation. The federal government owns the building that houses President Trumps d. C. Hotel hotel. Since President Trump has declined, he is essentially acting as both the landlord and the tenant. Before i was elected to congress , over three decades Teaching College students about American Government and politics. Serious discussions about the legislature holding the executive Branch Accountable to the highest legal and ethical standards and that is exactly what we hope to do today. First lets start with some facts. All federal wor
Get us started with a snapshot. You mentioned the fed and rates. This is a big deal, it has had a big effect on etf flows. We have seen what has gone on the bottom side of things, but it has also affected etf flows , in particular sectors. You would think tech would be number one, that it is real estate. Rates yield is 5 , 6 , so the thirst for yield has pushed money into interesting places. Our etf taking over the world . If you look at the sectors, it is way more owned by passive than other sectors. 25 of real estate etfs are owned by passive funds, very high. If we look at which stocks in this area, we see a company like anger, which is 46 owned by passive funds. Some of the stocks are like a canary in the coal mines. Rates continue to stay low, some will be majority owned by passive funds. And if rates rise, look out. Scarlet just a matter of time. Lets bring in the chief Investment Officer of caruso investment. He has a decade of experience in etf investment. Great to speak with y
Evacuate power lunch starts right now for everybody in Southern California, its been a tough couple of days thinking of you guys the jobs data getting a bump to the bottom line. The nasdaq the bigger winner crude oil had been up 2 before it pulled back the rig counts, by the way, are out any minute now health care related. Alexon and celgene and mylan up as well. Another hot stock today, Sage Therapeutics this is on top of yesterdays 70 gain and the ceo will join us in just a couple of moments and steve, no shortage of stuff to talk about today. No. Very excited, brian. Especially with the jobs report. Lets get to it. Its getting to be routine economists say it should slow because of the population growth, theyre right about that part but the job market keeps surprising to the upside nonfarm payrolls up against an estimate of 195,000. October, september revisions not up much. Hourly average wages up just 0. 2 . And the Participation Rate also at 62. 7 Goldman Sachs saying despite the s
Good saturday morning v cold for me this morning. Extremely cold, you might think groundhog got it right because it feels more like Single Digits out there we will see milder weather heading our way as we move into sunday but today will be a cold one. We will start off with a live look at our Neighborhood Network looking at the city glowing in green off there in the distance as we look across the river, it is a very cold start, mostly clear skies, 18 degrease in philadelphia, 15 in millville, 15 in atlantic city, 20 degrees down the shore in wildwood but heres what it feels like factoring in the wind chill and not a whole lot of wind coming from five to 10 miles an hour out of the west, so, it feels more like the Single Digits in many locations. Feels more like seven in philadelphia, 5 degrees in wilmington. Feels more like teens down the shore but up in the poconos, it is feeling like 10 degrees below zero. Heading in the afternoon we have a high of 34. Chilly day. We will see sunshin
Psyclon Nine headlines Maple Grove Tavern Industrial-black metal band Psyclon Nine makes there debut in OH. Joining them will be touring bands Seven Factor and Our Frankenstein. Opening for them will be killer bands such as Two Dead Roses/Syringe/Exostra and GRIMM (IL)