Global one day record over the weekend. Expects a deeper contraction in the u. S. As the infection rate stateside rises to 2 , but equities prove immune to the bad news with chinese stocks leading gains. Wall street is playing catchup after fridays Independence Day holiday. Vacuum. The power Commerce Bank looks to fill its top jobs as soon as possible in a bid to end shareholder revolt led by activists investor cerberus. Germangetting right now factory orders up 10. 4 percent. Sounds like a big number, but of course, its from a low base and it misses the survey by a lot. The surveyed factory order, the expectations for factory orders soth over month were 15. 4 we only got 10 point 4 . Much better than the prior month s 26 drop and it looks like german factory orders and a lot of things may be in this coming quarter may have a similar feel as Goldman Sachs cuts its expectations for u. S. Gdp growth in the Third Quarter. Here, you see european futures, big gains. Your stock futures up 2.
President trump, live, unfiltered coverage, on cspan 2, on demand at cspan. Org impeachment. Listen with the free cspan radio app. Next, testimony from financial regulators on oversight and other issues, including Digital Currency, banking liquidity rules and the impact Climate Change could have on the financial industry. Held by the Senate Banking committee, this is an hour and 40 minutes. The committee will come to order. Today, we will receive testimony from the honorable randall quarrels, the honorable mcwilliams, chairman of the fdic and the honorable rodney hood, chairman of the ncua. Welcome to all of you. This hearing provides the committee of supervisory activities of these agencies. Its been over a year now since the Economic Growth regulatory relief and Consumer Protection act and the work of the agencies to implement most of the provisions, including the tailoring rules for u. S. Banks and foreign banks. Your agency should also carefully review the supervisory frameworks an
Vote vote vote the presiding officer are there any senators in the chamber wishing to vote or change their vote . If not the yeas are 83. The noes are 9. The motion is passed agreed to. Mr. Grassley madam president . The presiding officer the senator from iowa. Mr. Grassley ive got a couple of issues i want to speak on. One would be trade and section 232 issue. That would be my second one. The first one, i want to speak about commonsense entitlement reform. In the past year weve seen a flurry of drug pricing proposals. Im encouraged by efforts from my colleagues here in the senate, especially Ranking Member wyden, colleagues in the house that agree in the house of representatives who agree with this effort to reduce drug prices and the president of the United States who has already been involved for a year and a half in lowering drug prices. All have made lowering Prescription Drug costs one of the Core Principles of our efforts and particularly a core principle for this administration
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Ideally im raising their wages. Go, what kind u of business is it . Practice. Have a law host ben zipperer. Uest nathan raises a lot of points that resonate with me. One, i think there are two out of t points coming what nathan is saying, one is that when you raise the minimum its more expensive to hire people. However, it is easier to recruit higher in workers the wages that you pay and that is one reason why businesses have adjust to higher minimum wages. Second important point is sometimes that businesses do have a hard time oping with minimum wage increases or wage increases generally. Factorsre two offsetting to that. One is that when a business because of ages minimum wage increase, all usinesses have to raise their minimum wages and so there is less of a competitive business ge for raising wage. In addition to that, some hard time may have a with minimum wage increases, Research Shows that even if some businesses shrink in response to inimum wage increases, other businesses ente