No deal has been reached on the next cove in 19 relief bill despite talks on capitol hill last week. Senate Majority Leader Mitch Mcconnell says lawmakers will get 24 hours notice to return to vote if a deal is reached. You are watching coverage of the senate on cspan2. Dr. Barry bla, will open the senate with prayer. The chaplain let us pray. Eternal god, who rules the raging of the sea, we seek your face in these turbulent times. Lord, help us to so live that the generations to come will know of your mighty acts. Today, give our lawmakers the hearts to seek, find, and follow your will so that their legacy will be exemplary. Guide them in the path you have created, inspiring them with the potency of your powerful presence. May they trust your laws of sowing and reaping, knowing that they will receive a bountiful harvest if they persevere. Keep them from underestimating the power of your great name. Amen. The president pro tempore please join me in reciting the pledge of allegiance. I
Others but spreading throughout the country and with it has come the spread of economic pain and economic harm. So covid19 is not on standby and neither is economic pain and follow that his cause. For here in the United States senate, the republican leader, the majority leader has said go home and be on standby. Mr. President , that is not leadership at any time, it certainly is not the kind of leadership that the American People need and should expect during a Global Pandemic and recession era unemployment levels. So why did the majority leader tell people to just go home and be on standby, its because he wanted the Trump Administration to negotiate an agreement. Last i checked, the United States senate was a separate branch of government but with his own responsibilities, yet we have the republican leader who runs United States senate from the floor telling people to go home and be on standby because he wants the president of the United States, the trump ofio administration to negoti
Rep. Hoyer good afternoon. As you may know, a recent development has occurred which is a good development, but it will not change what we intend to do. I am pleased to be joined here by senator van hollen, senator warner, Annette Taylor where is a nennette . Representative of what is to be frankfurt to close washington state. Representative sybase. Representative sarbanes. Representative brown is here. And representative wexler is with us. As you know, there has been a great deal of consternation, and that is a gentle word, for the actions that have been proceeding by the Postal Service, whose headquarters is. Ight there what President Trump and louis to ourre trying to do nations Postal Service is reprehensible. Not surprisingly, however, and quite probably criminal. I use that advisedly, but , 18rding to the u. S. Code u. S. Code 1703, whoever being a Postal Service officer or employee unlawfully delays there are a lot of other things i dont want to read it all for time sick because
Agree with you. We really cant underestimate the size of this deal. What i have learned in the last 24 hours, it is only the beginning process. A lot ofi spent time with Wolfgang Munchau trying to stagger the european parliament. Jonathan the signal here is important. Europe is demonstrating they can borrow at the european level and distribute grants accordingly. That was unthinkable 10 years ago. Lisa they are also putting in certain taxation powers that give it more of a federation kind of feel. Europe has gotten its act together. How about the United States . Today we hear potential results from treasury secretary Steve Mnuchin and House Speaker nancy pelosi discussing the proposal that mooching came to with the white house. This will potential into payroll tax cuts, as well as potentially no state aid, which will be a problem for democrats. In the Senate Banking committee on nominations to the fed reserve board. Then united air and snap reporting earnings. Snap at the forefront of
Conversations in europe to some level of success. Of course, the stimulus discussion in washington, all of this wrapped around a market that will never, ever go down. Futures up 25, dow futures up 186. We have a 23 print on the vix now. Just to go to the equity market for one second, come on, jon. 32 to 23 on the vix is really something. Jonathan it is an equity market that has got away from so many, particularly on the tech side. Amazon up 70 . Microsoft, apple up 30 . We have had monster moves. Tom your thoughts on europe, you spent eight tour of duty in you spent a tour of duty in fractured, germany in frankfurt, germany. Jonathan europe is demonstrating that they can borrow at the Commission Level and distribute to places like italy. That was unthinkable in the depths of the crisis. I dont think it is that goal bullet, the. This is part of the journey. Thats how you should view it. It will take a while for the story to build. The keyword is crisis. It took a crisis to take this ste