Down again that reopening trade getting slammed. You can see that in the airlines there all taking a hit today later, check out this ride shares of avis budget, up 300 from the march lows. Getting a boost in the red hot used car market. The ceo will join us power lunch starts right now thanks energy and financials are leading the declines today they are down way more than that stall worth technology sector. Bob has more on this Early Morning reversal same story. Teches still out performing energy, financial, other cyclicals. Not a good start to earnings season big miss on earnings and very poor guidance. Walgreens has not been a good stock. Thats real problem. I think they may be basicing market mentality banks same story Huntington Bank was 5 goes to 12 its back to 8 again. Its an invertsed v. Whats moving the market theres five things. Is the reopening going well or not. Lets call it bumpy. Is stimulus coming maybe theres less good news on treatment advancing. Thats good news elsewhe
Continues on a global scale. A worldwide their market, the 11 year bull run here is over. The dow is heading to the 22,000 level. A month ago it was 29,000. It is the fastest selloff in history. The s p will hit bear market territory at the open today, down 20 from the february high, the same story with the nasdaq. More money is still moving into safe treasury securities pushing the yield down to 0. 69 as of right now. The latest news on the virus brings its impact home to all of us. Sport dramatically affected. The nba has suspended the season indefinitely. A few days ago they banned reporters from locker rooms. Now the whole sport is shutdown. The Seattle Mariners will not be playing any home games. The early baseball season is in question. There will be an announcement later on the nhl. Social distancing is apparent across the country. You can see it and businesses are feeling it. Theres a long list of conference and meeting cancellations that is barely hurting airlines, hotels and
I welcome everyone to the subcommittee meeting today to hear testimony in iraq. Your witness appearing today, before recognizing myself for the purpose of making up statement i would like to take the opportunity to recognize and thank the members of our committee who served in iraq for your service and your interest today will be invaluable. Your input. I will now make statement and then turn it over to ricky member news we can make an opening statement. Also, before beginning my time, i like to take a moment to news express my condolences to the soldiers killed in pensacola on friday. Three soldiers will dedicated to our country. They were taken far is it too soon. We want answers about the shooter and how the septet happened. The president was quick to share condolences. And certainly at this. , the president and all of us must require the kingdom, and transparent cooperation with the United States in this issue so we can understand what happened. Identify any problems of the vetting
I said for 28 years for the Library Congress and retired a couple years ago. He told me that the National Book festival was something he needed help with and had been started in 2001 as an idea that came from laura bush, laura bush asked Jim Billington around the time of the inauguration in 2001 whether not there was a National Book festival comparable to the one she started in the texas, the texas book festival he said there is not yet but there will be. He came up with the idea of how to put together National Book festival, the idea was to do it in the mall in a series of tents that were set up for the first year end then it turned out getting sponsorships were more difficult than they thought it would be. So he asked me if i get involved and i told him i would do so and i began to be a sponsor and a cochair of the event, ive done that for ten years or so. It is very important to me that the festival goes well and i enjoyed a great deal is a great gift for the country to have a natio
Foundation. We are here today because americans are concerned about their health care. Else care remains a top priority for 70 of voters to say it is their number one concern and they share they are worried about some clear things. They think costs are too high, they have reduced choices and they dont feel they are in charged of their health care. They want to know when they or their loved ones get sick, they will be able to see a doctor and tell us they are afraid. These are real concerns and they deserve Real Solutions so today, liberal proposals that say they speak to this concern. One is called medicare for all. It would outlaw private coverage and put almost all of us on a government run plan. It is a bill that would implement it is supported by almost all House Democrat members, four senators including four running for president. Another proposal, i will call medicare for all lite for ease gives all americans the ability to enroll in a new government run plan. On the surface, the