Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
Recently as the country reopens, arizona has been easing lockdown restrictions over the weekend on salons and on restaurants. The mayor of scottsdale will join us. Kelly, back to you as you mentioned, tech stocks are out performing today once again as the market climbs back toward record highs but a number of other sectors have been left in the dust. Bob is here with more. Bob. Lot of disparities out there. Its not everybody up. I want sthto show you the s p 5. Were trying to breakthrough multimonth highs. The s p 500 moved up off of that if you want to keep an yien that because were knocking on the door there of breaking out here. I mentioned the laggards efb says the s p is only 12 off the highs. Bank stocks have had a very ugly time 40 off of their recent 52week highs. We have seen energy stocks, 30 off of their 52week high. Theres been a lot of sector laggards out there industrials 25 . Reits, 24 cyclicals all lagging here out performers, mostly lets call them defensive names. Cons
Im liz bonis. And im adam clements. First its been cold the past week but were seeing a warm up. Brandon orr has the weather. Hey, adam and liz, really good news. We were chilly yesterday into the 30s and 40s and now were going to be in the 50s. Some areas could get close to 60 degrees. Thirtythree at the airport. Most of whats around the 30s. Theres a couple stray areas in the 20s. Were dry looking at tower cam and precision doppler 12 h. D. And thats the way its going to stay today. Dont expect rainfall. All of us stay nice and dry. Not seeing a whole lot of gray. No clouds. Look to the west. Well see a couple clouds. Theres not a whole lot of them. It will be partly cloudy from time to time. Just a few clouds. Fiftyseven degrees by 3 00 were headed to 58 degrees. Thats how our High Temperature. We have more moisture moving in. That means rain full sunday. We have another cold front moving in that will bring us thunderstorms. Well have more in fifteen minutes. We now know the name of
Police scanners indicate as many as 5 people were being held. Now the whole incident started as high speed chase. Police chased the carjacking suspect for nearly an hour. Weaving through freeway and side streets as you can see. At one point the man crashed his vehicle then ran on foot into the restaurant. So far no one has been injured. And just moments ago swat officers rushed inside the restaurant and right now they are escorting people out one by one. Unclear right now if the suspect is in custody but it look like the situation is now under control as you watch the s. W. A. T. Team rush in the restaurant in downey in Southern California. We bring you the latest on the story as it develops for breaking news alert. Follow us on twitter at abc 7 news bay area and if anything changes during this hour go back down and well let you know what is happening. Amma has the night off. Our other top story in. A monster el nino prediction from the National Weather service. Scientist with the Clim
9 01 on this sunday morning, august 17th. Lets head to the First Alert Weather Center and say hello to Brittney Shipp. Already some seeing damp weather. Thats right depending on where you are. A wet start to your sunday morning. First saw rain in the poconos and lehigh valley. Cape may seeing a few showers same in Atlantic City. You can see that little bit of rainfall sprinkles and showers moving to parts of center city and north. If we go to cape may county, you can see isolated showers along the shore there. Also little bit of light rainfall near norrmaurice river. As we head to rest of today, well maintain the chance of showers especially Morning Hours on and off throughout the afternoon and clearing into the evening. Temperatures range between 84 and 87 degrees. Well clear out for the start of your workweek. Im tracking the return of storms. Ill let you know when coming up in my first alert sevenday forecast. 9 02 now and new from overnight in Burlington County. Investigators are t