Thank you, chairwoman brown. I now recognize mr. Gardner, you may proceed. Mr. Gardner thank you, chairman lipinsk lipinski, the Ranking Member, and thank you for the opportunity to testify today Service Transportation boards key role in enabling amtrak to effectively serve the nation. Strongly support the s. T. B. Needs ieve the board updated authority for Passenger Rail so we can achieve the ontime evels and erformance your constituents deserve. Ongress took amtrak on for the job. Common carrier obligations for assengers and the associated operating losses for passenger service, the freights agreed to whereverrak to operate and whenever it wanted over their lives. Trains with trak dispatching preference over freight and to empower what is the s. T. B. To ensure amtraks access to the rail network. 50 years since the Freight Railroads agreed eagerly to this bargain and yet many of our host railroads fall short in ulfilling some of these key obligation obligations. Mr. Gardner, if youll
Washington ramps up pressure on beijing. Goldman sachs raises billions for a new fund to focus on private equity. The move comes amid rising interest in secondary investing. Haidi lets look at what the day has in store at the sydney open. We are expected a muted start to trading in asia after downward pressure coming from the u. S. Session overnight. Restrictions continue to take place to curb the the Coronavirus Spread we are starting to see accelerate again, even as we get further good news on the vaccine front. Trading marginal. The u. S. Dollar held to the lowest we have seen since april 2018. We are also seeing the aussie dollar on the back foot. Nikkei futures look like they will see a muted start to trading. Shery lets get started with good news on the vaccine front. Pfizer says final Data Analysis shows its covid shot is 95 effective. The ceo of its german partner told bloomberg about plans for mass production. Our goal is to supply up to 50 million doses by 2020 which andd go
I will tell you about some of the stocks benefiting from all of this. Well revisit iposs that were launched in great fanfare last week. How they are holding up today. Well be monitoring what make as bear Market Correction as you know. Many market averages themselves are at or close to corrections from highs. Some of them reached a little more than a few weeks ago. So as stuart was pointing out some perspective is in order here. A lot of this has to do with, well a lot of things. Not only renewed spike in cases were seeing in the likes of the United Kingdom and france. In fact the uk theyre revisiting another possibility of another lockdown. That is what is going on in israel, they are in their second lockdown and theyre not very happy about it. Then we have cases here. Four states in the United States that have 15,000 or more deaths recorded. California joining the likes of new york and new jersey and texas. So were monitoring that. But the numbers here are actually stablizing even as
Barreling toward the location where the Oil Production goes on. Energye about the oil space, what the 2020 policy has to do with that. We are going to turn our attention to the fed, the big event this week. The markets are watching the annual market symposium in jackson hole tomorrow. It will be virtual and the theme is navigating the decade ahead. The kansas city president Esther George spoke with michael mckee. I will offer you from my perspective this has been a useful process, process that really asks of ourselves to look at what we have learned over the past decade, to try to think about how the economy may have changed, and think about how we communicate to the public. The process in and of itself has been a useful one, and i will leave to the chairman to talk. Michael you have been considered an inflation hawk. Where are you on average inflation targeting . Is to bee my focus true to our price stability target, that our 2 really has to represent what is happening in the real eco
The county. Face coverings are required at all times and may only be removed when people are actually eating or drinking. These allowances were made despite the fact the county is as michelle just mentioned on the states watch list because local case rates are higher than 100 per 100,000 people per day. The new rules go into effect today. Places of worship can only hold outdoor services. Indoor malls are also required to close. Back to the oakland zoo reopening, only for Outdoor Activities like rides, indoor exhibits not open to the public. It has been closed since march when regional shelter in place orders went into effect. They will limit attendance at the start of reopening to 2500 people per day. You have to get a ticket ahead of time. Officials say it costs 1 million a month during the pandemic to manage the zoo which has been a grave difficulty for them to pay all of that without having any money come in. Alameda county said the rest of its reopening plans are on hold. Michelle