Indices were down 2 . Right now the dow is down. 9 . Before some tech earnings, the nasdaq up a quarter percent. A lot of movement in oil. We will be speaking to paul sankey about that. The 10year yield down to 55 basis points. Just to show you that it is Consumer Companies like procter and gamble that are helping the market recover a little bit today, that index up 1. 9 . People cannot do without their necessities, as long as they have the money to buy them. U. S. Economic data showing gdp shrinking at a record pace. 17plus million americans applying for ongoing benefits, which necessitates the need for more to be done. Lets bring in narayana kocherlakota, former president of the minneapolis fed. He joins us from rochester, new york. Talk about the dire Economic Data this morning and what it tells you about whether even the minimal reopening that we are doing is helping the markets more broadly. Narayana thank you for having me on. The numbers were certainly eyeopening. 10 fall transl
Good afternoon. The committee will come to order. The today the committee convenes for a hearing on the state of transportation and Critical Infrastructure examining the impact of the covid19 pandemic. I welcome our panel of witnesses and thank them for participating. Today we will hear from mr. John bazella, president and ceo, alliance for automotive innovation. Mr. Randy gill yot, chairman of the board, American Trucking associations. Mr. Ian jeffries, president and ceo association of american railroads. Mr. Alex oler, interim president and ceo interstate Natural Gas Association of america. And mr. Larry willis, president Transportation Trades Department aflcio. Thank you all for being here. I understand, mr. Gilliot is testifying remotely. Welcome to each and every one of you. The committee has conducted several oversight hearings on quid pro quo 19 including a comprehensive look at the aviation industry. We are considering the impact of the covid19 virus on surface transportation a
I am excited to be in the energy and Commerce Committee. It is at the forefront of americas competitiveness. That issues in front of the energy and Commerce Committee are going to determine americas leadership in the world. It is my goal to make sure we climate,ng on driverless cars, closing the digital divide. They can sure america is leading and the rest of the world is following. Peter one of the issues before your subcommittee right now is privacy. What do you want to have done . It is very Important Congress act. That we set a National Standard for privacy in the u. S. What is happening is we are seeing a patchwork of laws. California has led with the law that is going into effect right now. Other states are introducing their own laws. Washington state has introduced legislation. There are 80 bills being introduced at the state level addressing privacy because acting. Is not we need to have a standard or else we risk a patchwork of laws that are only going to cause confusion for c
[background noises]■x [inaudible conversations] good morning the u. S. Senate committee were having a hearing tsafety board investigation and report i welcome the chair safety board director. Watchdog ensuring safety is a top priority for the transportation u. S. Department of transportation. Through its impartial investigation into transportation accidents the board makes recommendation have transformed transportation safety. Ntsb recommendations prompt action to require railroads to use positive controlto use seatl airlines to have well rested cruise. However the needs to continue to improve safety are ongoing but for instance run a weight near misses and close calls and aviation sector are far too frequent. We simply must do better. Derailment ive been less than a lacking of e requirements we are looking out for these longer trains and improvements. And that is refreshed rating in the drama in pennsylvania or three trains collided but receiving a crisis in the wa data we have fata
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