Good afternoon. The committee will come to order. The today the committee convenes for a hearing on the state of transportation and Critical Infrastructure examining the impact of the covid19 pandemic. I welcome our panel of witnesses and thank them for participating. Today we will hear from mr. John bazella, president and ceo, alliance for automotive innovation. Mr. Randy gill yot, chairman of the board, American Trucking associations. Mr. Ian jeffries, president and ceo association of american railroads. Mr. Alex oler, interim president and ceo interstate Natural Gas Association of america. And mr. Larry willis, president Transportation Trades Department aflcio. Thank you all for being here. I understand, mr. Gilliot is testifying remotely. Welcome to each and every one of you. The committee has conducted several oversight hearings on quid pro quo 19 including a comprehensive look at the aviation industry. We are considering the impact of the covid19 virus on surface transportation a
And bob pisani at the New York Stock Exchange hey, robert. Hello there, old friend narrow trading range were down second day in a row, but a small trading range. 16 points in the s p 500, maybe 200 points in the Dow Jones Industrial average the nasdaq, though, is eking out small gains. The dow gainers for the month, theyre still the gainers for the day. Look at apple, look at nike, look at sisco, all up on the month. The laggards, its interesting, the ones that are down in the month of december also down today. Boeing had a tough month even disney. They topped out the beginning of december, 153 now, 143. Visa ending down today a little bit here that was a big mover all throughout the end of december the one sector i would point out to you is the Energy Sector. Oil exploration product up again today. And you know all of those really beaten up small Exploration Production companies, witing, southwestern, all terrible year, terrible three or four years since the tax law selling seemed to
Clouds gather. And Boris Johnson heads to downing street. Must avoid a damaging no deal divorce at all costs. Check ofget a quick the markets. We saw the s p 500 topping 3000, gaining the most in more than a week. Earnings from the morning session. Ofults out of the likes cocacola, united technologies, not to mention Lockheed Martin beating expectations. We got news u. S. Negotiators were headed to china for the first facetoface negotiations since may. U. S. Futures under pressure, down 0. 1 . Taking a hit after hours after reports they would be facing more antitrust scrutiny. Lets see how we are shaping up in asia. Pointing to a mixed start as investors consider the warning on Global Growth with china receiving a global downgrade. Even as we have optimism around the u. S. China trade talks. The boj expected to downgrade some projections as well as lower Inflation Forecasts. Pmi datapanese flash and earning seasons taking off in earnest with names reporting in south korea. Of updates f
Massive police presence. Jesse gary is joining us live from the scene. Jesse . Reporter heather, good afternoon to you. San jose police have set up a double perimeter at what is still an active crime scene. We are at the first here. As you move further down the 3200 block of montecito drive, you can see more crime scene tape and more police cars. A short time ago, officers at the equivalent of swap, did a sweep of the area. They moved on to do by a middle school grounds, where the track is, and where the face baseball fields are. Police officials confirmed that are checking to make sure the suspect or suspects are not still in the area. They are also checking for clues in a homicide that may also involve a Home Invasion. There is no information on the victim beyond he is an elderly man. No information on the motive for the crime. We have not been given any suspect prescription information as well or a possible vehicle be to be on the lookout for. The neighbors are concerned but have no
Oakland. Its been emotional for the families, obviously, but the First Responders who have been looking for the loved ones since friday, its taking a toll on them too. Reporter good morning. It has been a very emotional process for the First Responders and the families involved in all of this. As you mentioned, the search for the victims inside of the oakland warehouse is 100 complete. In talking to oakland police, they tell me that this investigation is far from over. Nearly five days after the deadliest fire in oakland history, the search for victims inside of the oakland warehouse, the socalled ghost ship, where a party took place friday night, is finally complete. Unfortunately we have lost 36 lives in that unfortunate tragedy due to the fire. Reporter now the attention turns to what may have caused it. Again, its very, very important that everyone understands the investigation continues. The work does not stop. Reporter investigators with alcohol, tobacco and firearms will play a