I want members to know that i plan to continue this committees long tradition of collegiality and substantive substantive debate, even as we conduct our business from afar. I will continue to work with the Ranking Member mr. Smith and his staff to ensure that the rights of all members are respected in this new virtual format. Before i turn to todays important topic, i want to remind members of a few procedures to help you navigate this new platform. First, consistent with regulations the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or when recognized for their fiveminute statement. Second, members and witnesses must have their cameras on at all times. If you need to step away from the proceedings, please leave your camera on rather than logging out. Finally, we have several members who are waving on to the subcommittee for todays hearing. Given the large number i will recognize members in an
Contracting by 5 this year and within the s p headlines like those punishing reopening trades, punishing pretty much everything as you can see behind me particularly the likes of norwegian cruises, winn resorts, banks, airlines sliding significantly. Some of those names down as much as 10 sara. Weve got a huge lineup of guests to help make sense of this selloff today for you air yell investments john rogers saw a onceinalifetime buying opportunity. His take and where we stand now. Plus well discuss the new tristate travel order what it means for the entire leisure landscape for ceo of booking holdings, a perfect day to get thoughts on what travel will look like well speak to the ceo of slack about working and new product today. Full Team Coverage of this pullback and final hour of trade. Mike santoli tracking Market Action the most concerning covid outbreaks with the new numbers and Brian Sullivan watching the drop for energy sector, the worst performer. First lets get to josh lipton w
Mulan. Julia, you have a lot of color on this and i keep thinking back to when you brought bob on our show, and he talked act the challenges of reopening florida and california, but they have seen some change in that narrative. Yes, we just had disney say they going to delay the opening of the park. The decision was made after yesterday, the number of new indicatio indications peaked here in the u. S. Now the government is saying we cant tell you what the plan is going to be at i want to note that companies here in california were raising concerns saying they didnt think it would be necessarily safe to reopen the parks there was 17,000 employees saying they wanted him to reopen on opening the parks but business any really pointedd to the safety issues as a reason why theyre not moving forward, but look at the interview and the perspective on what it would take to reopen they have a long history of being really responsible we were the first group to close initially when covid first hit
On the consumer. We will dig into the fallout there as power lunch starts right now. Tyler, thanks. Welcome to power lunch, everyone stocks are selling off hard for the second day in a row. We are near session lows right now with the dow down about 600 points thats a 2. 4 drop for the dow for the s p the nasdaq down 2 today but if you add up yesterday and today, all three of these averages are down about 5 in just those two sessions. Take a look at some of the moves weighing on the dow. You have boeing, United Health, visa down 4 we were just discussing United Health a lot of different challenges there. Lets go to the New York Stock Exchange with a run down on todays selloff. Hi, bob. Kelly, an old saying on bleet if you cant trade on the fundamentals, trade on the technicals s p 500 the last two days this was yesterdays low, midmorning, another drop volume picked up, trading on technicals this happened a little while ago and the cdc announcementadded to new lows for the day. New lows
Caucus, no candidate will theive support from culinary unit. We will go to las vegas to speak with allegra reporter and a member of the Culinary Union who besti have some of the health insnsurance a union membr can get, but i would change it today for medicare for all. A new study in the medical journal lancet shows medicare for all will save americans more than 450 billion and preventnt 68,000 deaths every year. A study was published by a group of epidemiologists from Yale University i medicare for all. This is not Bernie Sanders. Publishing. Scholars prestigious medical journal. We calculate that a Single Payer Universal Health Care system is savingso lead to a 13 and National Healthcare expenditure equivalent to more than 450 billion annually. Amy we will speak with the lead author of the report. Then Latinx Organization mijente gives its firstever presididential endorsement. This moment demands a historic mobilization. Our members agree ththe best pah to defefeating trump is e elec