New week, jim, with the focus once again on a resurgence of cases in certain parts of the country for the virus. Concerns about china, as well. And then the overall as we, of course, know, expectations regarding the economy and what the impact may or may not be as a result of what i just mentioned. Well, i think that its always surprising to me as someone who i think lived through it like you do that people in some of these states did realize the level of contagion. I mean, this is one when youre in the room with someone who has it, youre going to get it if you touch someone who has it, youre going to get it i dont know, did people feel they were immune i think there was a sense that maybe new york was isolated. I dont think this will be like new york because i think they learned how to treat people. So, i think the big scare of the hospitals being overloaded will only be perhaps some i mean, we had a war zone here in new york. I dont think that will happen there. The chinese situation
Cnbc im becky quick with joe kernen and Andrew Ross Sorkin the market has come under significant pressure this morning. And the nasdaq off by 143. Its all coming this morning a rough week for wall street 5. 5 that was the worst week since march 20th and all three are coming off of their biggest weekly losses and last month after last week. The dow and nasdaq for the month of june would be down with the projected losses that were looking at this morning. S p is already down for the month of june. Also keeping track of the treasury market this morning lets take a look at that. Treasury yields yielding 0. 08 crude oil prices under pressure this morning too this is a sign of how much is anticipated in terms of a come back not only here in the United States but around the globe and right now wti down about 55 cents. Still trading 35 though at 35. 71 andrew. Thank you, becky. I hope everybody had a great weekend despite some of these losses that were looking at in the market i want to start
The house Problem Solvers Caucus held a meeting to discuss a proposal to reopen the country after the pandemic. The briefing was held via conference. Of lifedustry by end acid approach, it will not be a one size fits all approach. For our rescuing plans future, all members of the caucus worked so hard on this, i am grateful for everything everyone did. We are all dealing with the coronavirus impacting us in different ways. In the counties that make up my district, we have had more than 1100 deaths affecting families and nursing homes. If i can speak for new jersey, all of our frontline workers and dutch have sacrificed so much. I want to thank our families and businesses for doing the same. Bounds,us knows no which is why this this last week when i accepted the appointment to the White House Task force to reopen the economy, i said i would work closely with allstate officials. I, not see i to to workwhy this back checklist was thought of. We are grateful to live where we live, in the g
Reopening process going. Look, it does feel that there is a very self confident sense by governors that its time. I think that the president is so oriented towards its time, and the president is soed ed ed eet in having a vaccine by years end, that theres an element of two different worlds here. Theres the real world influenced by the president saying open it up, people want to do it, and the stock world influenced by Warren Buffett who said i sold the airlines because that industry has fundamentally changed. Its a big gulf. Really the largest ive seen amazing. David . Sorry, carl weve been talking about that for weeks. The many phone calls that you or i will have with Business Leaders who are focused on maintaining their liquidity, focused on just being around to fight another day come the end of the year. The many ceos who join us on air who constantly talk about their businesses not coming back to the levels they were prior to the virus for maybe two or three years. Now they may be
Several dealing with child safety. Lawmakers will also debate and ans Department Issues funding for historically black olleges and universities, tribally controlled colleges and other Higher Education institutions that serve minorities. Any votes requested will be held at 6 30 eastern. Expected to lso vote on starting negotiations with the senate over defense and policy rograms over the next year including troop numbers, pay increases and programs. Live house coverage here on cspan. The chair will postponefurther proceedingses on motions to suspend the rules on which a recorded vote or the yeas and nays are ordered or votes object jeggetted under clause 6 of rule 20. The house will resume proceedings on postponed questions at a later time. For what purpose does the gentlewoman from illinois seek recognition . Ms. Schakowsky mr. Speaker, i move to suspend the rules and pass h. R. 2211 the speaker pro tempore the clerk will report does the gentlewoman from illinois wish to call the bill