Point drop for the dow, biggest point draw for s p 500, they are in correct territoryy, off 10 from the most recent high. Traders tell me, there is no good news to have made this market pivot, there is nothing about vaccines that is conclusive, if you look at the dow, biggest, microsoft, and intel and you had apple. Apple and microsoft, saying they will be affected, their sales this quarter by the coronavirus. Microsoft gets 10 of its revenue from china and apple 17 , one bright spot on the dow, only stock higher today, 3m, they make face masks, they are telling we hear selling we hear on a dre market, boxes going for dollars 500, a company saying it reported 14 Million Dollars in sales, normally a box of masks should cost between 3 to 5 dollars. And if you look at groups on s p 500, all 11 closed lower, not one bright spot there. And a backdrop. 3 companies, canceledb biggest events ofs year, microsoft, facebook, epic games. They were supposed to have huge events in spring either in S
So, you represent this o basically a union spirit guest, it is. As far as the administrations on immigration, this is something they campaigned heavily on. At six months where are they smart. What weve seen is nothing short of miraculous. If you look at the rhetoric that president has given its cause the number of illegal Border Crossers to go down something and weve never seen in the history of the Border Patrol. We never seen such a drop. What do you attribute that to . If to enforcing the laws. What we have is we have a set of laws that are on the books that say if you cross the border illegally or if you commit this crime these are the consequences that have been established in the Trump Administration has said we are going to follow through on those consequences. Something we didnt see in the last four years of the last administration. As far as numbers, talk abou those, those were caught andf sent back and how do they compare to the Obama Administration which was a really big adv
Economic condition and possible fed actions in the future. You look like nervous. Im much more nervous, like yeah. Yeah. At work it will be eight or nine days away, but it can happen any time. I hope so. Im better than that. Lets talk about schedules. The committee will come to order without objection and they declare a recess of the committee at any time. All members will have five legislative days within which to submit extraneous material to the chair for inclusion in the record. The hearing is for the purpose of receiving the semiannual testimony and the board of governors on the Federal Reserve system on Monetary Policy and the state of the economy. I now recognize myself for three minutes to give an opening statement. Since we last convened to take chair yellens on Monetary Policy, headline remains low as does inflation, but the headline Unemployment Rate still rests too much on an incredibly low Labor Participation rate and regrettably high disability payment Participation Rate.
Thank you for joining us. Viewers what the Heritage Foundation and the center for American Progress are. Guest the Heritage Foundation is a conservative think tank in washington, d. C. Of policyffect issues, my expertise is federal government matters. A progressive think tank covering a wide variety of issues. I cover budget policy. Romina. Will start with has been in control by the republicans for quite some time. The difference is the white house is also under control of the same party. Is this budget a continuation of the budget that has come out of the house, or are there notable differences . Guest notable differences is a reconciliation package, proposing to cut 200 billion in what are called autopilot or entitlement spending programs. That is the biggest proposal cut to these programs yet. The reconciliation the occult also includes instructions for tax reform. See the house gop setting up for a tax reform package with the president. Trying to do so while cutting spending at the
Thank you for joining us. Viewers what the Heritage Foundation and the center for American Progress are. Guest the Heritage Foundation is a conservative think tank in washington, d. C. Of policyffect issues, my expertise is federal government matters. A progressive think tank covering a wide variety of issues. I cover budget policy. Romina. Will start with has been in control by the republicans for quite some time. The difference is the white house is also under control of the same party. Is this budget a continuation of the budget that has come out of the house, or are there notable differences . Guest notable differences is a reconciliation package, proposing to cut 200 billion in what are called autopilot or entitlement spending programs. That is the biggest proposal cut to these programs yet. The reconciliation the occult also includes instructions for tax reform. See the house gop setting up for a tax reform package with the president. Trying to do so while cutting spending at the