Im Brian Sullivan its going to be a very busy day for the markets and your money the market still digesting and reacting to the news that President Trump will slap another 10 tariff on the remaining 300 billion in chinamade goods not already subject to taxes that goes into effect september 1st. Its also the first friday of the month, that means its the monthly jobs report day, which, if its very weak, could press the fed to maybe cut rates again in september thats if that number comes in soft the dow losing 280 points yesterday. It looks like we could lose more dow futures are down just under 100 points we walked in the door about an hour ago, they were down about 50 we are losing steam. Its still early anything can change. Do keep in mind context is key the s p 500 is still up 17 this year. The nasdaq 100 still up 23 . So the markets have absorbed this fairly well, but the markets not liking that new news on tariffs one index that youll see only on cnbc, that is important to Pay Atten
These cable providers giving you a front row seat to democracy. Up next a house transportation and infrastructure subcommittee hears testimony from amtrak c. E. O. Steven gardner and the executive director of the northwest Corridor Commission on improving Train Service and efficiency. They also discuss passenger safety, route options in the midwest and west coast and high speed rail. [captions Copyright National cable satellite corp. 2023] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] the subcommittee will come to order. I ask unanimous consent that the chair may call recess at any time. Without objection, so ordered. I recognize myself for Opening Statement for five minutes. Todays hearing examines the current and future state of amtrak. The Infrastructure Investment and job act gave historic funding to railroads with a large portion of that money going to amtrak. Amtrak is a federally chartere
Companies and more including mediacom. Ed a media at mediacom we believe whether youre here, right here or way out in the middle of anywhere, you should have access to fast, reliable internet. Thats why were leading the way in takingou there. These cable providers giving you a front row seat to democracy. Up next a house transportation and infrastructure subcommittee hears testimony from amtrak c. E. O. Steven gardner and the executive director of the northwest Corridor Commission on improving Train Service and efficiency. They also discuss passenger safety, route options in the midwest and west coast and high speed rail. [captions Copyright National cable satellite corp. 2023] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] the subcommittee will come to order. I ask unanimous consent that the chair may call recess at any time. Without objection, so ordered. I recognize myself for Opening Statemen
time off of work, not only will you not get paid, you actually could get fired. and that is precisely what is happening today in the rail industry. bernie sanders laying out the major issue that could have rail workers own strike by midnight tonight. we ll have the very latest on the negotiations and the massive impact that a strike could have on the economy. plus, the january 6 committee is sifting through thousands of pieces of new evidence. the where it came from and what members are saying about its significance. also ahead, federal welfare money, a college volleyball stadium, and brett favre. we ll explain how they re a connected and why it doesn t look good for the nfl hall of famer. thank you for starting your day with us. we ll begin with the 11th hour negotiations to avoid a railroad strike that is threatening the u.s. economy. workers could walk off the job as early as tomorrow if rail carriers and unions fail to reach a deal. amtrak has already suspended long d
Lore, then paring back some of those losses. Lets check the a markets, right now the down is down 84 points. The s p 500 down 10, the nasdaq has been fickle as a well today, flitting back and forth over the unchanged line. Right now though down 33 points. Those are off session lows. Were going to be focus on that all day. The techheavy composite, the nasdaq, has been buoyed by tesla. Top of the index right now with an 11 gain. Tesla are reported earnings, miss on eps and revenue expectations. Theyre trying to navigate slumping sales, falling demand for evs and, of course, competition from china, but promised investors it would speed up the development of new, more affordable vehicles. Of course, looks like very happy to hear that. Investors and analysts also flagging one quote from elon musk that claims tesla, its not really an ev maker after all. I think cathie wood said it best, really we should be taught of as an a. I. Robotics company. If you value tesla as an automobile company, y