Operations budget for the state department and the u. S. Agency for International Development. Committee members asked about the high number of personnel vacancies within the department and hiring from a diverse pool of candidates. This is about an hour and a half. The subcommittee will come to order. We meet today to discuss the state department and u. S. I. D. Fy 2020 operations budget. Without objection, all members may have five days to submit statements, questions, extraneous materials for the record, subject to the length limitations in the rules. Ill now make my opening statement, and then turn it over to the Ranking Member for his opening statement. Ive noticed that the republicans are a little bit faster getting over here after votes. I want to thank the Ranking Member mr. Zeldin members of the subcommittee and our witnesses for joining us for todays hearing for the fiscal year 2020 operations budget, also want to thank the witnesses for being accommodating knowing that our vo
Crossed, it looked like a different picture. We had a reversal midday we saw stocks give up the ghost and treasury yields surge and 10year yield cross 4. 1. It was the reversal to watch i think it is because mary daly and San Francisco fed says there is more work to be done after the cpi number people thought it is not over yet. It aint over. A long slog here. The lady hasnt sung. You cant say which lady right on the squawk planner. More inflation data. Ppi is due at 8 30 a. M poll polled forecasters expect a tick higher of. 2 . This comes after the cpi data showing prices rose 3. 2 year on year which is below the forecast the Supreme Court blocked for now a multibillion dollar deal by Purdue Pharma from the opioid crisis. They will look to release the claims by nondebtors against nondebtor parties without the consent. The department of justice argued the release of civil liability is not authorized by the bankruptcy code. Purdue is optimistic the Supreme Court will agree which the cas
Is this another sign that the postpandemic travel boom is running out of gas im melissa lee, this is fast money, were live at the nasdaq ma marketsite we start off with a huge slate of earnings. Apple and amazon headlining the afterhours action. Full Team Coverage on all these names. We start off with steve kovach and apples big quarter. Steve . Yeah, melissa, it is, like you said, the Third Quarter in a row of falling sales, with revenue still beating estimates, but down 1 year on year so, revenues coming in at 81. 8 billion, street was looking for 81 p . 69 billion and the eps was a bigger beat, 1. 26 versus 1. 19 expected. Iphone, slight miss, coming in at 39. 67 billion. Just a couple hundred mill short of expectations there. But the story today is going to be services. Hitting a new record of 8 year on year. Growth accelerating there, booking 21. 21 billion in revenue there. And gross margin, i want to point out the expansion there, also beating expectations, 44. 5 gross margin, a
Earnings tumbled 26 for Carlyle Group you you have exits and new deals slumping. From new york, i am alix steel. Welcome, everyone, to Bloomberg Markets. From where we are now to where we were in 2011, when we had the s p downgrade, the u. S. Is completely different. Sitting in the chair now, looking at market reaction, you can feel the difference. Guy absolutely. The market is struggling. They are saying, we already knew this. But does that mean you can ignore it . Im not sure that you can completely ignore it. I think theres an underlying message here. There are three factors used here, in terms of the downgrade. One of them is clearly that the government is going to continue to spend. We will have bigger deficits, higher debt to gdp. I think that will have this Going Forward for higher Asset Classes. Is it real assets, things like commodities . I think that is something that will maybe percolate for a well. Alix in the budget deficit we do have, has that helped us since covid extend