Preparations committee worked on 2021 spending today, earlier they debated interior and Environmental Department spending which included several amendments, your congresswoman chairs the committee. Good morning. I called a meeting on appropriations to order. And before we begin, they require me to remind you we have set up an email address to which members can send anything they wish to submit in writing at any of our hearings or markups. The email address has been provided to your staff. First, consideration of the interior environment appropriations bill, fiscal year 2021. I will now recognize ms. Mccowan to present the bill. Good morning. I want to thank Ranking Member, for his strong collaboration of partnership throughout this entire process. Been a great partner from the great lakes and a little geography being social studies teacher, it borders with the great state of ohio, lake erie and in minnesota, we border on lake superior. Id like to thank all members of our subcommittee f
Let us know what reopening looks like in your part of the country. If you are in eastern or central time zones, 202 7488000. If you are in the mountain or pacific time zones, it is 202 7488001. A special line throughout the morning for essential workers, 202 7488002. You can catch up with us on social media. Message,end us a text 202 7488003 is that number. Good monday morning to you. Here is the headline from the wall street journal last week. All 50 states have taken steps to reopen. Revivers hoping to economies. That is what we are going to talk about this morning, reopening, asking you what it looks like in your part of the country. Here is a map from the New York Times. That map, the blue states are the states in full reopening or partial phases of reopening. The striped blue and yellow lines are regional reopening scum and all states on that map in some process of reopening. , illinois, has had a stayathome order in effect since march 21. That is set to expire on may 29. We are t
Reopening process going. Look, it does feel that there is a very self confident sense by governors that its time. I think that the president is so oriented towards its time, and the president is soed ed ed eet in having a vaccine by years end, that theres an element of two different worlds here. Theres the real world influenced by the president saying open it up, people want to do it, and the stock world influenced by Warren Buffett who said i sold the airlines because that industry has fundamentally changed. Its a big gulf. Really the largest ive seen amazing. David . Sorry, carl weve been talking about that for weeks. The many phone calls that you or i will have with Business Leaders who are focused on maintaining their liquidity, focused on just being around to fight another day come the end of the year. The many ceos who join us on air who constantly talk about their businesses not coming back to the levels they were prior to the virus for maybe two or three years. Now they may be
Guys, that interview with barry right now makes you feel better. Gives you hope i think its important to he hear, are stocks cheap yes. Is the system working . Yes. Is the opportunity going to be great if the countrys locked down no so whats important is to find out where the country is fiscally thats why its important to speak to the treasury secretary. Yeah. The concerns that we had yesterday continue to be the concerns we have today, which is about businesses forced to potentially suffer significant financial damage as a result of being closed or having no customers. And what that will mean. Liquidity is always an issue it does seem to be not in the treasuries where we have seen illliquidity that scared people moving into credit, which we need to focus on huge repricings. The cost of capital has gone up for corporate america. You can provide people money, but those people dont want to go out we are a service economy, twothirds of our country is service. What do we do when you get mo
Couple of hours issuing a Global Travel advisory now to americans saying that any american abroad should return to the United States immediately or plan to remain in place now just to give some perspective that level of the highest level advisory against travel for american citizens is the theme that the state department would use for an area of war for example and in this case it is the global coronavirus pandemic that is being advised for americans not to travel hi joe castor there joining us live with the latest from washington d. C. Heidi thank you. For Global Markets are trading up slightly after a major losses thanks to several Central Banks scrambling to soften the impact of the pandemic the dow jones in new york and fitzy 100. 00 in london both closed almost one percent higher but trading of course remains volatile it comes after the u. S. Federal reserve bank of england and the European Central bank will that fresh measures to support the Financial Markets or cases of corn a v