Peters, and delivering the opening statement, a minute to acknowledge the United States passed another milestone that we have lost 200,000 americans to covid19. Our hearts go out to their families, husbands and wives, mothers and fathers, children, grandchildren and grandparents. Americans everywhere must fight to stop the virus from spreading, to protect millions more from experiencing this loss. As members of congress we will go to republicans, all united to be our part. We turn to opening statement, unlike every hearing, in the u. S. Congress economic committee, simply explore economic issues. We will focus on Public Health. With the closing of coronavirus is in march causing unemployment in april, democrats reset some of those Public Health experts in the country. Two all two nobel prize laureates, 5 former chairs of the president s council of economic advisers and 3 were president of the National Economic association over 2 dozen in all. Every one of them have the same urgent mess
Substance, feeble in fact. That the court notwithstanding that strict scrutiny virtually always ruled for the government. Were going to leave this recorded program at this point. You can watch it online at cspan. Org. We go live now to a joint Economic Committee meeting looking at the impact of covid19. Watching live coverage on cspan3. Senator peters from michigan and many others who will be joining us from the house and the senate. Before i deliver my opening statement, i would like to acknowledge that today the United States passed another sad milestone that weve lost more than 200,000 americans to covid19. Our hearts go out to their families, to the husbands and wives, mothers and fathers, children, grandchildren, even grandparents. Americans everywhere must fight harder to stop the virus from spreading so we can protect millions more from experiencing this loss. Members of congress and members of this committee, were all united to do our part. With that, let me turn it over to our
Nasdaq on track for the best performance. Dow futures indicated up about 34 points and gains for the nasdaq and s p futures treasuries, the 10year has finally hit 1. 9 exactly been watching for that a long time above that yesterday. Looking at it as the economy has shown some pretty strong signs. Now we do it in tens. Normally we wait for 3 . The volatility we talked about that. The inflation volatility is really low he thinks that why multiples have stayed so high. It will take years of inflations coming back. Multiples can stay where they are. This just happened well bring it to you. An Iraqi Security source telling nbc news that demonstrators have stormed the u. S. Embassy in baghdads green zone they have used tear gas grenades to try and prevent them from moving inside the compound hundreds have gathered what we saw. Some saying it was about time that some of the air strikes killed fighters from iranbacked coalition from operating in iraq a big piece saying finally we are addressin
It is obvious the smoke is affecting air quality and the further north you go, the more smoke there is. Along with frank and gasia mikaelian, im here with frank somerville. A lot of people in marin without power, power may come on today and come up again tomorrow. That kind of thing. We have one viewer in pittsfield who went into by premade sandwiches, 27 people in line waiting to get out. We did not have power and now we do. I think it is going off again tonight. A lot of your caught in the back and forth so we will talk about that in a second. First we will start with the big story and that is of course the kincaid fire burning in Sonoma County. The fire continues to grow but is moving at a slower pace after less powerful winds gave firefighters a break overnight. The kincaid fire has burned 118 square miles, an area about twice the size of the city of oakland. Crews have maintained 15 containment. There are Evacuation Orders in sonoma, napa and lake counties. Some 90,000 buildings a
I like it watch weeks later. Its relevant yeah. The wisdom. Absolutely. Global markets report lets check in on how were coming out of the overnight session. Looking at u. S. Equity futures the dow, s p a bit lower implied for the open same for the nasdaq. Coming off records again yesterday. How about overnight in asia. Well see how they react to the feds tightening yesterday which did not phase markets. The nikkei is up 0. 2 . I believe they had an earthquake in japan overnight as well the shanghai down about a quarter of a percent european equities, seeing how the theyre continuing, green pretty much across the board. France and italy leading the way with a half percent of gains ftse just a bit higher crude is coming off a flinday win streak you know, crude for wti is over 50 a barrel brent over 56 a barrel both down a quarter of a percent. Small declines for nat gas well talk about Hurricane Maria. Just thinking, japan, mexico, maria. Think about the last 30day period i know. Normall