Live this hour. Plus records watch, the plus ive got it, carl the dow aiming to erase 2020 losses and the s p heading for the best august since 1986, kelly. Wow and cocacolas restructuring strategies amid plans to streamline the drink portfolio they are setting voluntary job cuts for thousands of its workers. David, it is friday, and kelly, friday and you just sort of think back to what this week has brought us, guys alltime highs, obviously news in sports in the nba, hurricane laura, the rnc and we will hear from what the president said last night tiktok, microsoft, walmart, oracle, you name it, david, but large discussion this morning about how the thing thats going to probably stick with us for the weeks and quarters to come is going to be that historic powell speech and we will have to decide whether this long end is bringing us noise or something more yeah, i mean, im glad kelly is here because im sure she was home studying every word after it took place, as you know, not my area
Tiktok is said to be making contingency plans for a u. S. Shutdown, joining microsoft to challenge a bid from oracle. Australia winds up turning season like never before with a recession and record government stimulus. Lets get you started with a quick check of the markets. We are seeing u. S. Futures opening slightly higher. This as we had another record high in the u. S. With the s p 500 soaring for a fifth consecutive session. We have financial and real estate sectors being the biggest gains. We have banks benefiting. Treasury yields were higher. We had the yield curve widening. Powell chair jerome speaking at jackson hole, conveying a dovish and more relaxed approach. Higher yields leading to the dollar rebounding. U. S. Weekly jobless claims remaining above one million. Not to mention the economic gdp numbers contracting slightly less than forecasted due to oil prices looking like this. About 43 ag barrel. We had oil declining through the new york session as laura barreled into lo
Authorized to declare a recess at any time. I want to thank everyone, especially our witnesses, for joining us today for our committees hearing. I want to make sure to note some important requirements. By saying standing house and Committee Rules and practice will commit continue to apply through hybrid proceedings. Regulations require members to be visible through a video connection throughout the proceedings. Please keep your cameras on. Member to remain muted until you are recognized to minimize background noise. In accordance with the rules established under hr 965, stafford been advised to meet participants only in the event there is inadvertent background noise. For those members here in the room, i urge members and staff to wear masks while in the hearing room. I thank you in advance for your commitment to a safe environment for all here today. Mnuchin, administrator carranza, thank you for being here today. I want to give a sincere thank you of both agencies who have worked tir
And Commerce Committees on the Coronavirus Relief bill. At a 30, more with representative a member of the Small Business committee. Host this is a wash we will get your reaction to the house voting to remove several statues of confederate historical figures from the u. S. Capitol around. Some republicans joining the democrats in passing this legislation. Heres how you can let us know your thoughts on yesterdays action. If you support removing the statues, call us at 2027488000 , if you oppose it, 2027488001 is the number to call. If you want to text us, you can do so at 2027488003. You can post on twitter or facebook. A breakdown of what occurred yesterday saying a bipartisan vote gave the buildings architect 2 million in four months to complete the job of removing the statues in question braden it past the house by a 305113 vote. Inmainly targets 12 statues century hall the memorialized confederate leaders. While the removal while the chief justices bust does not remove the historical
Washington journal continues. Ast our guest is representative our guest from new york, he is a member from the Small Business committee. We welcome you back to the shows, sir. Thank you so much. Thank you for having me once. Again on the Small Business front, what are the differences between the house and the senate in the next scolded relief package, especially comes to the business effort. I think certainly, we would like to see a bigger carved out for Community Banks and the Credit Unions i have a longstanding relationship with Small Businesses in main street. We want to see main street help. And the past we bailed out wall street, detroit, the airline industry. I think the main street deserves to get an injection in their economy. Their biggest employers and the country, and as such, i think that they are having a rough time reopening. We need to help them out, so when we carve out and fund a bigger percentage of the funding for these Community Based banks and Credit Unions, we are