3000 jobs will be cut under bains new ownership. Bain capital ownership, which in addition to these details relating to jobs, we are also expecting to hear about aircraft fleet and the future as well, this after bain bought Virgin Australia in what is a pretty bold that on an industry that has been shattered by the travel restrictions and the coronavirus pandemic. Virgin australia committed to regional and charter flying. Of targetsindication and priorities when they are restructured in addition to 3000 jobs being cut. Also getting data out of australia. Manufacturing pmi, services as well as composite index coming through. Dropping from that preliminary number for july. The composite number of 67. 8 also a little bit weaker. The performance of Construction Index coming in at 42. 7, higher than 39. 5. Lets take a look at the aussie dollar. Largely to do with the situation in victoria. We have that renewed lockdown, stricter stage four restrictions. At this time, later on today and tomo
Facebook, netflix all turning positive we are up 3 4 sorry, 2 3 on s p. Another higher day, certainly off session highs. Coming up on todays show. Great lineup uper facing fresh lawsuit from massachusetts over how it which was its drivers. Early investor bradley tusk has an idea that can help them avoid headaches and take on rival lyft hes going to join us to explain. Speaking of the pandemic, new Jersey Governor Phil Murphy will join us to discuss his states path forward, whether hes prepared for what the fall will bring in the northeast. Lets focus on two key stories meg tirrell with modernas vaccine news and Big Bank Earnings certainly better with Goldman Sachs. Meg, start us off with moderna. Hey, sara the full phase one trial results from the Covid Vaccine published last night in the new england journal of medicine. This was 45 in the trial we got a glimpse of 8 out of 45 on important key data. These were healthy adults who received two vaccines a month apart. Everyone generated a
The s p 500 rises and bonds tumble. Wework is said to have slashed valuations in its upcoming share sale. Shery lets get you started lets get you a quick check on how markets closed. We have equities rallying, treasury yields rallying, strong Economic Data. The s p 500 jumped to the highest level in five weeks. It actually broke above its 50day moving average. Tech shares led the gains. From thest losers trade tensions between china and the u. S. We also have banks rallying as we saw the twoyear yield at one point seeing the biggest jump in about a decade. The focus is shifting toward that we arembers getting out tomorrow. Today, very strong private payrolls numbers, but at the same time, jobless claims numbers little changed, so the focus is what happened out of the numbers that we get tomorrow on friday here in the u. S. Futures at the moment not doing much, but lets see how we are setting up for the markets in asia. Friday, were looking at this to continue, gold holding onto losses
House transportation and infrastructure subcommittee. I ask unanimous consent the chair be authorized to declare recess at any time during todays hearing. Without objection so ordered. I ask unanimous consent of members not on the committee be permitted to sit with the subcommittee and ask questions without objection. If members wish to insert documents into the record please also email documents ti mail. Gov. Several other senators and a press release from senator kramer into the record without objection so ordered. I now recognize myself for the purpose of an Opening Statement for five minutes. Good morning and thank you for being here today. The undersecretary and the administrators before us represents the full scope of the jurisdiction in the subcommittee on highway and transit. However despite the long record of bipartisan oversight efforts, weve not had any administrators before us since 2019. Todays witnesses can help provide clarity on issues related to the Infrastructure Inve
House transportation and infrastructure subcommittee. I ask unanimous consent the chair be authorized to declare recess at any time during todays hearing. Without objection so ordered. I ask unanimous consent of members not on the committee be permitted to sit with the subcommittee and ask questions without objection. If members wish to insert documents into the record please also email documents ti mail. Gov. Several other senators and a press release from senator kramer into the record without objection so ordered. I now recognize myself for the purpose of an Opening Statement for five minutes. Good morning and thank you for being here today. The undersecretary and the administrators before us represents the full scope of the jurisdiction in the subcommittee on highway and transit. However despite the long record of bipartisan oversight efforts, weve not had any administrators before us since 2019. Todays witnesses can help provide clarity on issues related to the Infrastructure Inve