Please knew your microphone. Mute your microphone. [indiscernible] we have previously provided guidance as to how this would [indiscernible] [indiscernible] cspan. Org [indiscernible] [indiscernible] thank you. I want to welcome mr. Menendez and his wife. I appreciate you taking on this post. Tonk you for taking the time talk to me last week and take the best thank you for taking the time this morning. This is the first hearing the committee has held since march the 10th. Since then, millions of americans have filed for unemployment. Nearly one point 5 million have contracted covid19 and nearly 90,000 have perished from the disease. Is work in the u. S. Senate that much more critical and we respond as we respond to this pandemic and return to the economy. Second the highestranking office and the department of energy and the department has been playing a role in helping the nation fight coronavirus. The department of energy is a scientific powerhouse. Its National Laboratories are some
That seems to have worked because the dow which had been limit down has now bounced back and at the opening bell, we may be up 400 points. The dow will be up significantly at the opening bell. Same story with the s p and also with the nasdaq. Now, treasury secretary mnuchin, he says the Federal Reserve will have 4 trillion for loans to businesses. He says theres more where that came from and if congress doesnt get something going real fast, then they will go back to congress for more and he says the fed will provide any amount that is needed. Thats what the fed is doing right now. Thats the market. Thats the fed. Thats whats going on in congress. Now look at the price of oil. That has been a problem for American Energy producers and right now, weve got oil all the way down in the low 20s. Thats a continuing problem for texas, north dakota and for the Energy Producers and these energy stocks. How about the price of gas . That is absolutely tumbling. The National Average all the way down
1 45 eastern today. Now to live coverage of the u. S. Senate here on cspan2. The presiding officer the senate will come to order. Todays opening prayer will be offered by robert lewis, former pastor and founder of better man, the National Mens organization from little rock, arkansas. The guest chaplain let us pray. Heavenly father, we give thanks for this new day and the hope that lies within it. We have been a blessed nation not by accident but by this. In you, god, we trust. Thank you for the men and women of this distinguished body who will again rise to face the immense challenge that will mark this day along with the special opportunities it holds for good. I pray you will make this body ready for both. In these turbulent times, empower their work with your spirit. Give them a difference making wisdom only you possess. Protect them from small ambitions. Call each heart here up to the higher ways of humility, understanding, and much needed unity. Help these leaders seek what is rig
Maria good monday morning everyone. Thank so much for joining us this morning. Im maria bartiromo. It is monday, may 13, your top stories, 6 00 a. M. On the east coast. Today all about inflation. Futures this morning indicating a higher opening at the start of trading ahead of key economic data. Weve got the april ppi out tomorrow morning and april Consumer Price index, the cpi out on wednesday, also retail sales coming out on wednesday. Dow vills up 27, do you idowindustrials up 27. Were waiting on april numbers. Weve got the preview this morning. Plus, what some investors say is the real reason the Federal Reserve cannot hit the moving target of 2 inflation. Were on it. Check european markets, a mixed showing, fractional moves across the board. The ft 100eeking out a gain of 3 points. In asia markets finished mostly lower. The one bright spot, hong kong up a fraction on the hang seng. At home, President Trump back in a new york city courtroom this morning after a blowout rally in wil
Quickly provide aid to those hurt by harvey. It will avoid default and it will fund the government, avoiding a shutdown. And we all agree, we will Work Together in december, as well, to avoid a default. Mark the u. N. s syrian envoy says it is the moment of truth for syria, after two key towns are nearing defeat. He told reporters in geneva today, a day after Government Forces breached a nearly threeyear siege of the town by the islamic state. We actually move forward with the plan to have serious betweenions in october, the government and the opposition. Mark u. N. Mandated investigators said the syrian president air force conducted a sarin gas attack in the spring, that killed at least 83 avilians, and sparked retaliatory u. S. Strike. Germanys finance minister warns, there is no free lunch in brexit talks. Of the says, the reality divorce is sinking in among policymakers. He says the goal is to find solutions that will keep the damage to both sides, as limited as possible. Global ne