Outperformer, up 0. 6 of 1 small caps pulling back. Our Investment Committee today, joe terranova, stephanie link, jon najarian joe, lets get your top line read of the markets right here we had an 8 pullback into mondays open. Weve rebounded a little more than half of that over three days, so was that it for the nearterm pullback or are we still in a choppy phase . Well, we still have more fight to encloses the gap from last wednesday into thursdays decline for the s p, mike. That gap sits at 3153 to 3181. The composition of todays tape shows weakness in what had been kind of those dashfortrash leaders. If i look at the dow, i see exxon, boeing and chevron. They are underperforming today within the s p you have the cruise ships underperforming and then for the nasdaq, its the airlines and marriott. So the strength has to come from the old place, your Mega Cap Technology oriented names. Theyre going to have to carry the momentum to close the gap further. On the other side of chairman po
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
President getting support from some big names and might not be too late for a serious run and natural gas pipeline goes dry. Duke energy canceling atlantic pipeline, warren buffet is buying dominion. Mornings with maria is live right now. Dagen good morning, take a look at european markets right now. We have gains across the board. Pubs in the United Kingdom welcoming people back over the weekend, optimism there. In asia overnight, markets also having a strong rally, gains across the board. Chinastate run media saying the Company Needs bull market to build strength as Capital Markets ongoing reforms to attract money from home and abroad. You can see the rally in shanghai there up almost 6 . The fourth of july weekend marked by violence in major u. S. Cities, Cheryl Casone has the details along with other top stories we are watching this morning. Good morning, cheryl. Cheryl in chicago alone at least 77 people shot, 14 of them killed including a 7yearold girl, now the president is offer
Loans provided through the c. A. R. E. S. Act during the coronavirus pandemic. The House Small Business Committee held this hearing. I want to thank everyone for joining us this afternoon for our committees First Official remote hearing. I want to make sure to note some important requirements. House regulations require members to be visible through a video connection throughout the proceedings. So please keep your cameras on. Also, if you have to participate in another proceeding, please exit this one and log on later. You are recognized to minimize background noise. Over the last few months, the outbreak of covid19 has led to an unpresented Public Health crisis and dire economic crisis. We have lost over 10,000 people to the disease and 30 million remain unemployed. Back in february as the pandemic was getting worse, we knew we needed to take action to help our Small Businesses survive the economic downturn. We started working with the sba and governors around the country to leverage
Lord, inspire our senators to know that you are still on your throne working for the good of those who love you. Listen to our prayers and give us wisdom, courage, and integrity that will enable us to glorify you. We pray in your wonderful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Grassley madam president. The presiding officer the senator from iowa. Mr. Grassley i ask permission, one minute in morning business. The presiding officer without objection. Mr. Grassley too often americans are cynical about our political system when all they see legislative gridlock. Yet, iowans were able to set themselves apart working together on Law Enforcement reforms in the wake of George Floyds murder. Every step of the way the iowa process was fueled with input fro