Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
Livermore is 59. Santa rosa has lower clouds than yesterday. It is more of the same. Morning fog is back to the coast. It is breezy to windy for some. It is hot inland. The fairfield breezes coming down. Concorde has a west breeze. It is onshore. Clouds are not going anywhere. It will go back to the coast. They will be back. The highs today are near average. It is above for livermore and san jose. As we go over to sal, i have quick trivia. Frampton comes alive primarily recorded at winterland. Wow, i didnt know that. That is cool. Steve, as they say, in the business, that is good knowledge. Thank you. I did not know that. [ laughter ] good morning, everyone. This is when it starts to get a little busy. I dont think we will see a lot of slow traffic. We are going to see some. It is getting a little busy. As you pay the money, those metering lights could go on. You could see there is plenty of room for you at the toll plaza. There is not a big delay. If you are driving on 880 in oakland,
Colleagues. It was a mostly ugly week for the market, and it ended really strongly. Its kind of schizophrenic. Whats going on . Well, the market was due for a fall after having the kind of rally it did, and it finally got an excuse this week when covid hospitalizations started rising. Its not in places like new york that have been hot spots before, but in places where it really hadnt been like texas and arizona. And that kind of freaked the market out because if there has to be shutdowns around the country at different places, it means that the economy cant come back as quickly as people thought. And this became a big risk. And with positioning extended the way it was, it was just the perfect rest recipe e for a selloff. Jack any idea why we had that nice bounce on friday . It was oversold going into friday morning . I think thats a big part of it. There really wasnt any news out there to make it go one way or the other. One of the things that might have been overlooked in the selloff
Reporter slumber and an emotional day. Family, friends, members of Law Enforcement and the community gathered to honor the life of Sergeant Damon gutzwiller. Some things are too big and beautiful to describe. The picture will never do it just is. Thats how it is with damon. I wish you all had the pleasure of knowing him. Some of us lost their best friend. Some of his lost a fellow brother. Bobby lost her soulmate. They lost a man who wanted to be the best that it. Reporter he is survived by his wife and twoyearold son and the child they are expecting this month. He was killed in and ambush on june 6. Reporter those who knew him the best spoke of his unshakable positivity and smile. They memorialized him as a committed and compassionate deputy. If you saw how he was with his family and friends, you would have seen a man that was devoted to making those around him feel special, feel love, and feel safe. A giant among men and a dear, dear friend. I will shrug and i will smile. Demon, i lo
Colleagues. It was a mostly ugly week for the market, and it ended really strongly. Its kind of schizophrenic. Whats going on . Well, the market was due for a fall after having the kind of rally it did, and it finally got an excuse this week when covid hospitalizations started rising. Its not in places like new york that have been hot spots before, but in places where it really hadnt been like texas and arizona. And that kind of freaked the market out because if there has to be shutdowns around the country at different places, it means that the economy cant come back as quickly as people thought. And this became a big risk. And with positioning extended the way it was, it was just the perfect rest recipe e for a selloff. Jack any idea why we had that nice bounce on friday . It was oversold going into friday morning . I think thats a big part of it. There really wasnt any news out there to make it go one way or the other. One of the things that might have been overlooked in the selloff