Resumption of trade talks after last weeks flop. President trump says he will call on the United Nations Security Council to restore all Nuclear Related sanctions on iran. He says tehran will never have a nuclear option. 9 00 in dubai. 6 00 in london. 7 00 anywhere in europe. Preferably paris. Good morning. The rates market is disappointed. There was a promise in this marriage. Qe infinity. Rates low for ever and ever and ever. They just didnt guide enough. Theres not much distance between a trip in communication and a temper tantrum. Good morning. Annmarie you make a good point about, is the fed embarking on miscommunication. The markets clearly unnerved about the uncertainty. When will we get Forward Guidance . The other thing that stood out for me is the virus. It is still in charge in the fed mapping out the future. Also, inflation. Theres a lot of debate on this. Some saying we could see stagflation. Interesting to see all of this this morning. Those things stood out for me. Narra
Donors he would get rid of most of trumps tax cuts. That wouldnt be good for stock prices or your 401 k . Right now we see the dow losing maybe 90 points at the opening bell, 25,400. The s p will be down and the nasdaq is off about 20 points. No serious selloff at this point. But we do have dramatic stories breaking this morning. Overnight, a young black man, 16 years old, shot and killed in the seattle chop zone. Its the fourth shooting there in nine days. Democrat mayor durkin said the zone would be removed. It is still there. In new york city, the city votes on taking a billion dollars out of the budget the police budgets. Mayor deblasio calls it real redistribution. This follows a devastating blow, the citys 15 billion theater industry will stay closed until next year. The democrats trash the president and mt. Rushmore. A tweet from the dnc says the president will be quote, glorifying White Supremacy when he attends a fireworks display there on july fourth. But its okay. They took
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
57 newsroom at cbs headquarters here in new york. Its good to be with you. Im annemarie green. The first public hearings are set to Begin Next Week in the impeachment inquiry into president trump. Acting u. S. Ambassador to ukraine, bill taylor, will be the first to testify. Documents reveal he testified behind closed doors that there was a quid pro quo. Laura podesta is in new york. Laura, were also learning new details about the white houses strategy to defend the president. What can you tell us about that . Reporter the white house maintains the impeachment inquiry is a, quote, sham, but cbs news has learned the administration is beefing up its Communications Team to help the white house fight back. This as three u. S. Diplomats prepare to answer questions about president trumps dealings with ukraine next week. President trump attacked democrats while campaigning in louisiana last night. In washington with these donothing, somewhat evil, and in in cases very evil people. Reporter de
The speaker pro tempore the house will be in order. The prayer this morning will be offered by the guest chaplain, Bishop Robert barron, archdiocese of los angeles, santa barbara, california. The chaplain let us pray. O god, source of all justice, youve sum oned everyone who works in this chamber to walk the path of righteousness, to foster life and liberty, to care especially for the poorest and most vulnerable in our society. Free these servants of yours, o lord, of all those attachments to wealth or power or privilege or fame, that would prevent them from following the course you have set out for them. Make them mindful of the time when they first heard your voice and followed it with idealism and enthusiasm. Illuminate their minds, direct their wills, stirrup in them a holy passion for doing what is right, despite the cost. Give them the knowledge that whenever they strive for justice , they are pleasing to you. And shower, o lord, your choicest blessings upon our country. Amen. Th