The nomination of the white house budget director. A vote on that is exacted at 5 30 p. M. Eastern today. This week Senate Lawmakers are expected to continue work on the Defense Authorization for 2021. This is live coverage of the senate here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will open the senate in prayer. The chaplain let us pray. O lord, as our lips are open in prayer, so may our hearts be open to receive your holy spirit. Help us to bow to your will and live lives devoted to your providential leading. Lord, we thank you for your providence that brought us the gift of representative john lewis. Were grateful he was a drum major for justice, truth, and righteousness. May his exemplary life and legacy remind us of the Transformative Impact one dedicated person can make on our nation and world. Today, please our senators in their work. Let faith, hope, and love abound in their lives. May they seek to heal the hurt in our world
The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will open the senate with prayer. The chaplain let us pray. Mighty god, you are the strength of our lives, our safe fortress and shelter from lifes storms. During this season of a raging tempest, speak your peace to our senators. Remind them that you continue to rule your universe through the unfolding of your prevailing providence and that your truth continues to march on in our nation and world. Lord, prosper the works of the hands of our legislators, as they strive to glorify you with their thoughts, words, and actions. May faith replace fear, truth defeat falsehood, justice triumph over greed, and love prevail over hate. We pray in your great name. Amen. The president pro tempore please join me in reciting the pledge of allegiance. 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
In march and april. Yeah, and, you know, the market if you want to talk about it being the index certainly is doing that its been steady naturally the most heavily weighted stocks also happen to be the ones that are in th strongest trends they are covering up for a lot of, i think, softness under the surface. Youre not seeing this latest push higher really have the participation of the airlines and all the kind of socalled epicenter sectors that now are under a little more question about a stutter step in the reopening process. I do think the market is trying to be rational about it. Its unclear what would stop these trends, why would apple and microsoft stop going up today when they havent stopped until now except the fact that the nasdaq does look really stretched once again compared to the rest of the market there does seem to be a little bit of frothy speculation happening in some pockets of this market but thats been the case periodically for the last several weeks i guess you wou
Increasing a little bit from that level. A line in the sand with a lot of money flowing in. Taking a look at the etf, its amazing, up 9 10 of 1 . Now,the pound right comments coming through from michel barnier, indicating he thinks a deal as possible. Thats the most positive ive heard him be for quite some time. The market certainly latching onto that. Coming up, we are talking cars. Joining uscitroen later on, releasing a new electric car. Hows that going to sell in the current environment . We will talk about that more broadly in the car market. As they say we are coming to the end of the second quarter, which is certainly something spending a little time worth thinking about. The first half of the year has been quite a roller coaster but one that has been defined in so many ways by unprecedented action by Central Banks responding to an unprecedented crisis. Joining us now to break down the genesis of the rally that we are seeing in risk assets right now, mike mckee. Mike, the crisis
Fundamentally alter our national priorities, now is the time. Whether it is fighting against systemic racism and police brutality, transforming our Energy System away from fossil fuel, ending a cruel and dysfunctional Health Care System or addressing the grotesque levels of income and wealth inequality in our country, now is the time for change, real change. And when we talk about real change, it is incredible to me the degree to which Congress Continues to ignore our bloated 740 billion Defense Budget which has gone up by over 100 billion since trump has been in office. Year after year, democrats and republicans who disagree on almost everything come together with minimal debate to support an exploding pentagon budget which is now higher than the next 11 countries combined, now higher than the next 11 countries combined and which represents more than half of our discretionary spending. Incredibly, after adjusting for inflation, we are now spending more on the military than we did duri