Stimulus package to stave the stock market thats ridiculous. Today, we got an idea what happens if theres no grants as far as the stock market is concerned, its not that big a deal the dow gained 52 points, s p inched up, nasdaq advanced i dont want a stimulus package to save the stock market, i want a stimulus package to save an industry i know all too well, the hospitality industry, which i can tell you from my ownership stakes, is getting destroyed by the pandemic millions of jobs are on the line but they reside in Small Businesses ones that dont show up in the averages but individual stocks sure do. And the winners today tell you everything you need to know about the losers and the broader economy. Especially the biggest winner, which is the one i want to focus on the winner is the stock of olive garden strongest stock on the s p 500 yes, i am telling you right now that the strength in the stock of darden it should terrify you. Dardens winning, because its private competitors cant
You can be seated at the witness table. I want to introduce mr. Mike bowen. Mr. Bowen is the executive vice ameritech,f prestige which is americas largest medical surgical mask maker. Your story is a very powerful one. To my colleagues, mr. Bowen has wins i think, really he an award for tenacity, because over three president ial administrations, he has been banging on the door warning, asking for, pointing out the america has a dangerous dependence on Foreign Countries for products that we need here at home. So this is very important testimony and we welcome you. We thank you for traveling to be with us today with all the extenuating circumstances to travel. We are very grateful to you. So you are not recognized for your statement now recognized for your statement. And then you will hear from the members. I am sure both your statement will provoke questions and that you will get good ones from both sides of the aisle. I should add something here, and that is, this issue of our terrible
Of a job since mid march and Business Activity grinding to a halt around the world and finally, Energy Stocks are jumping on a rebound in oil prices by far the best performing on the s p 500, which is higher, wilfred, by about. 6 though off the highs of the day. Went briefly flat as well so improving for the last hour or so the dows up 0. 9 or 200 points. Coming up, well speak with former bp ceo, lord browne about the oil markets this week as crude sees another double digit move today plus Tiger Management president , Alex Robertson, will join us to talk about investing and how his company is helping to support new yorks front line workers. Zblncht mike is tracking the Market Action for us as always meg has the details on the possible setback for gileads coronavirus trials, which sent the market off its highs during the session as we mentioned along the hannah, from the ft, who cowrote the story that broke that news and kayla is covering the house vote on the next round o the stimulus,
Gets underway at 7 20 a. M. Eastern. Whip steveity scalise was among the speakers at the annual conservative Political Action conference. He talked about socialized medicine and health care around the world. [applause] rep. Scalise good morning tell to all my friends at cpac. Welcome. Are you all fired up for 2020 . You ready for november . [cheers and applause] rep. Scalise yall know whats at stake. 2020 will be a contrast election, and there is no sharper contrast between the conservative principles and values our country is built upon , what President Trump has done to deliver for families through individual freedom and socialism on the others that you can see on full display in these debates. I hope they have a debate every other day said the country can see every aspect of your lives they want the government to take over. You dont want socialism. You surely dont want socialized medicine. There is going to be no sharper contrast between these battles, freedom versus covert and vers
The individual mandate is unconstitutional because it can no longer be read as attacks. There is another constitutional provision that justifies this exercise of congressional power. We remand to the District Court to provide additional analysis of the provisions of the aca as they currently exist. It may still be that none of the aca is separable from the individual mandate. It may be that all the aca is separable from the original individual mandate. Helps to go back to 2017 when the republicans have the white house, the house, and the senate and they wanted to replace and repeal the Affordable Care act. They cannot agree. You can remember john mccain turning thumbs down on the last try. 2017, the of republicans passed a tax bill and they reduced the penalty for not having insurance 20. They cannot eliminate it. Insurance toving zero. Insurance have health or you pay penalty. After 2017, the rule was, you either by Health Insurance or you pay penalty of zero dollars. In february of 2