And we are one hour away from the close of trade. As i mentioned, we sold off as much as 300 points on the dow, recovering just a bit. I want to head to the markets desk, where julie hyman has the breaking news on the markets. Julie just a bit. I mean, really, just a bit. The nasdaq and the s p are often very sharply as well. Ive been watching various groups that are on the move today. Utilities turned higher as we continue to see rates move lower. That is the relationship we can do to see, but energy is lower and financials, bloomberg industrials, tech, consumer discretionary. You have other earnings weighing on stocks today as well. Within energy can we just heard in the past few moments from the s p on a number of Different Energy companies that are being downgraded, the chevron Credit Rating being cut at standard minus from aa. Not seeing much of a reaction. The outlook for this company is stable. Southwestern energy was cut to junk by s p. Most of these stocks are not moving more
Right in here, the northbound side. Thats whats headed towards the philadelphia area. If yourec heading towards 295 you have to make it to north jersey, pro problems at this time. If you are heading down the shore, headed southbound towards the Atlantic City expressway, this is where it splits off towards the black horse pike towards the ac expressway. No problems there. Heading out the door on the schuylkill, a great trip right through the conshohocken curve. As you can see, eastbound, westbound, 13 minutes at the most to get into the Center City Area from the blue route up towards the vine street expressway. As for mass transit, we want to check before you head out the door this morning. As were starting to see delays. Warminster, art and newark all having about tenminute delays. Another sad day for the thin blue line in philadelphia. An offduty officer died yesterday after a driver ran over his motorcycle and kept going. The key person in catching that suspected braver was another
A senator mr. President . The presiding officer the senator from delaware. Mr. Coons mr. President , are we currently in a quorum call . The presiding officer the senator is correct. Mr. Coons i ask unanimous consent the proceedings of the quorum call be vitiated. The presiding officer without objection. Mr. Coons mr. President , as we come to the close of the 113th congress id like to speak for a few minutes about why i think we should be optimistic about the future and what we can and must do to take advantage of the opportunities that lie ahead. Mr. President , despite economic slowdowns throughout much of the world, among developing and developed nations alike, americas economy continues to steadily grow. Just last friday we got great news that our economy created more than 300,000 jobs in the month of november. That marks 57 straight months or nearly five years of positive job Growth Numbers and for the First Time Since bill clinton was president of this nation weve averaged more
All our states are hit by the slew of proposed epa rules aimed squarely at the fossil fuel industry and folks that work in that industry. I would like to highlight a letter from the governor of wyoming to the epa administrator on april 28th i ask that letter be entered into the record, madam chairman. In this letter the governor highlights a study by the center for Energy Economics and Public Policy at university of wyoming entitled impact of the coal economy on wyoming published february of this year. I would ask that this study be entered into the record. Without objection. Thank you. The governor states about the study that it determined the single largest threat to wyomings coal industry is epas clean power rule. In fact, the study says that 111 d climate regulation has potential to drastically reduce wyoming coal production. Coal output under favorable circumstances decreases by 32 of the 2012 production by the year 2025. Study goes on to say even the best case of impact modeling
Been given one year, thats a very real problem. But there are real costs being expended by the states and also i believe this administration is not interested whether the rule is finalized so long as the marketplace moves away from them. If coal fired power plants have to be retired quicker than baseline, then theyre going to accomplish the goal, even if this regulation never is upheld in courts. Thank you i want to follow up on this. Ill wait until the second round. Senator markey. Thank you madam chair. I ask that two articles by jed ee freedman and Richard Lazarus be included they provide thorough analysis of that clean power rule. So ordered. Pope frances is about to issue on Climate Change. They named the jesuit who taught chemistry as the pope. Pope frances believes science is the answer to our prayers, we have to look at modest ways to look at this to reduce the danger that growing Greenhouse Gases will impose to gods creation of the planet. I think it is important for us to fin