Regulations members are required to leave their cameras on the entire time they are in an official proceeding, even if they step away from the camera. This is an entirely remote hearing and as such the Committee Ruling will be closed and members who choose to sit with their individual devices in the hearing room must wear headphones to avoid feedback echoes and distortion resulting for more than one person in the room on the Software Platform as has been reported by the committees. They also are excited to adhere to social distancing and safe healthcare guidelines including masks, gloves and wiping down their area both before and after their presence in the hearing room. While a roll call is not necessary to establish a quorum, whatever there is an official proceeding with low participation the clerk will call the roll to help make clear who is here at the start of the proceeding. I will ask the clerk to call on the role. Madame clerk. [roll call] [roll call] [roll call] [roll call] [r
[roll call] [roll call] pursuant to Committee Rule Opening Statements is limited to the chair and Ranking Member and this allows to hear from our witnesses sooner and provides members and adequate time to answer questions. I now trigger myself for an opening statement. Before i deliver the opening remarks i must first acknowledge the recent protests against Police Misconduct in in favor of Racial Equity and justice across the nation. Times are demanding and we address this countrys centuryold challenges and with todays hearing we can be prepared to answer the call to Racial Equity and justice in education. I want to note this hearing marks the committees first fully remote hearing pursuant to House Resolution 965 and accompanying regulations. To date we will examine how covid19 pandemic has directly impacted his state and local government revenue and how projected state and local government shortfalls to further exacerbate educational inequities rooted in a with the inequities rooted a
The nascar actually advanced 6. 7 led by the cramer covid stocks thats what this market was about. Zoom video followed by slack, they are all surging. You know what they have in common, dont they these are the stay at home economy stocks i am proud that we have had all but one of these on the show i am trying to bring them all to you. Why does this happen because today we started worrying again about the pandemic cases are spiking. That defines the action even though we got a strong onetwo punch of the three js, johnson, johnson and jay. Since starting human trials, july is around the corner. Very positive. No reason for j. And j. To come on and talk about it unless they really had confidence. That tells me they are the real deal j and j is one of the least hyped companies in the world and then jay powell. Worst q 2 on record. How will he do it . Whatever it takes. I wish powell would own up to what is really going on here he will do what he can to keep the balls in the air until the b
Claims and 21 million continuing claims better than the week before. But still incredibly bad on an absolute basis same thing with the stock market we get crushed today sell, sell, sell. Obliterated wrong. Once again, the averages spent most of the day well into the black despite still more hideous macro data either we sold off the end of the session, dow 148 points, s p falling 1. 2 nasdaq easing 4. 6 , again, the market was up most of the day. The climb were about the incredibly weak labor market what happened when we heard the claims numbers right from the oechg . There is fear actions the president might take against tech because of his anger about social media and the president s plans for punishing china over hong kong, punishment that could reverberate to our own companies that do business there so then why did the stock market open up big when those hideous figures at this point its become a cliche to insist that wall streets tote lit disconnected from main street. After all, h
If you say things are okay, not as great, and youre an industrial, because there will be an opening of america, people will buy you if you say things are in line and you pull your forecast and youre not industrial, its a recipe to be sold. This is about hope its about the idea that it cant be as bad as it is right now. Youll see that even with marginal retailers, people think a marginal retail hear to come back because america is open listen, you have to go with the flow for a couple days if youre a trader if youre an investor you have to take the other side of this trade as we get closer to the opening. I think people will be surprised how little these businesses will do and how worse theyll do once we go open its not it is an opening other than auto builds wont occur. We have to be ready for that your general thinking is well get a ford plant reopening, vw doing it, boeing in South Carolina next week, but its going to be a manufacturing bounce yes more than a service bounce . Yes man