And members of the committee and thank you for joining us of the subcommittees first official. I would like to especially thank the members of the committee. And Ranking Members, the and ms. Thank you so much for being with us today. We know that covid19 has also altered the daily lives of americans. That is impacting our health, how we were, how we engage in our communities and how we vote. It is also impacted how we are upholding todays hearing. People putting themselves at risk every day from doctors and nurses to first responders, postal workers and many others pretty including home workers. Congress however, as an option. Many workers do not. We can do our work remotely in a safe and secure online format. The highest levels of the federal government have both recognize the unique circumstances of the covid19 pandemic by holding remote or virtual hearings. And they include the house and the senate which held virtual hearings like this one. It includes a Supreme Court which has modi
It has impacted how we are holding todays hearing. People are putting themselves at risk every day, from doctors and nurses to first responders, postal workers and many others, including poll workers. Congress, however has an option. Any do not. We can do our work in a safe, secure, online format. The highest levels of the federal government have already decided the circumstances of the covid19 pandemic by Holding Virtual hearings, that includes a house and senate, which of Health Virtual hearings like this one. It includes the Supreme Court, which has modified how it conducts its oral arguments. And it includes executive agencies which have recognize need forimacy and the remote proceedings by participating in those conducted by conference by congress and the Supreme Court. As we begin, i want to remind our members and participants of a few things that will help us navigate this new platform. We are holding this hearing in compliance with the regulations of Committee Meetings pursuant
Subcommittee on how selections will come to order. I welcome my fellow colleagues and members of the committee, thank you for joining us for the subcommittees First Official virtual hearing. It has impacted how we are holding todays hearing. People are putting themselves at risk every day, from doctors and nurses to first responders, postal workers and many others, including poll workers. Congress, however has an option. Any do not. We can do our work in a safe, secure, online format. The highest levels of the federal government have already decided the circumstances of the covid19 pandemic by Holding Virtual hearings, that includes a house and senate, which of Health Virtual hearings like this one. It includes the Supreme Court, which has modified how it conducts its oral arguments. And it includes executive agencies which have recognize need forimacy and the remote proceedings by participating in those conducted by conference by congress and the Supreme Court. As we begin, i want to
It is tuesday, august 6th. Fbn a. M. Starts right now. Nothing else compares. Cheryl welcome to fbn a. M. Good morning im cheryl casone. Deirdre im deirdre bolton, in for lauren simonetti. Cheryl lets take a look at how your money is moving this morning after yesterdays 767 point plunge on the dow, the s p losing 3 . We have green arrows. Were looking at buying this morning, dow is up 189, s p up 23, nasdaq is up 80, looks a little better. Deirdre this is a after yesterdays huge losses. In asia, you actually still have pressure on the markets, this is selloff day two. Youll see on your screen, the nikkei, hang seng and kospi all lower. Cheryl you have that pressure on europe. You also have the eu responding, looking tha that a crash may bee likely. The ftse is down. Cac and dax are now up. Deirdre yesterday was all about safe havens. Gold is off highs from yesterday. If you look at bitcoin and weve been seeing this more and more over the past six months, when u. S. Equity markets sell
Economic earnings sent the indexes lower, facebook dropping 4 after it Second Quarter spending increase. Facebook really opening lower over the last two days. Whole foods is another loser after reducing its sales forecast. Lets move on to commodities. Nymex crude and brent moving a little higher. Brent a little bit more. They are still down again for as we have seen increased volume. Pimm look at this chart this is the biggest monthly chart. That is amazing. It is ugly and has changed a lot since the feds lastting for top meeting. The 2year note reaching the highest in six weeks on that gdp report. That raises the probability of a hike in september. The gap between the 30 year yield narrowing. Finally, lets take a look at the currency market. The dollar strengthening against the euro. Taking a look at the yen the dollar strengthening their. Matrix the currency which i use on a regular basis. Is colorful and easy for me to read with my poor eyes right. But there, you get to see whats go