Infections. Reported more than 200 deaths today. In the markets, we turn our attention to trading volume. It was pretty light but finished up. Momentum has been fading as we near record highs. On any indication of a new Coronavirus Relief plan coming from the white house. On the day, two words sum up today, summer friday. Slow with low volume. The major averages barely moving. In the middle of the day, there was some volatility. At the end of the day, the s p 500 down just fractionally. Bit. Aang index down just a we saw a little bit of weakness in biotech. That is one of the only indexes down for the week. Beneath the surface, it is not quite as dull. Lets highlight two of the big earnings movers. Semicap Equipment Company quarterly Beat Estimates and raised the outlook. They make the equipment that makes chips which suggest there is demand coming from the chips companies and the companies that use chips which is probably every company out there. That might be a longer healthy tell on
I am pleased that it is one we can work in a bipartisan manner. I believe we all want a Strong Military and a strong private sector and a strong government that is wisely tracking taxpayers money and spending it efficiently for the purposes that it was meant for. I look forward to working with the Ranking Member in the future and i am so pleased he is with us here today. Without objection the chair is authorized to declare a recess of the committee at any time and i now recognize myself for an Opening Statement. Good morning. Todays hearing will focus on the f35 joint strike fighter. A highly technical stuff fighter that the pentagon largest and most costly acquisition program. Since the 35 Program Began more than 20 years ago the department of defense has spent more than 350 billion on its development. Total cost to sustain the program are estimated at more than 1 trillion. Unfortunately, this expensive program has been plagued by challenges for years, including major problems with ma
Catholic high school. People supporting the educators and others supporting the school rally today. Im dion lim. Im eric thomas. They say they were discriminated against, principal says they were let go because of the budget. Race and social justice is something were focused on in efforts to build a better bay area. J. R. Reporter ive talked with the educators let go and also the principal. Our goal is not to bash the school in any way. Purpose is to better the school. Reporter reynolds was recently laid off as pe teacher in petaluma. Reynolds and former dean of counseling were discriminated again. Alleging claims of race discrimination, harassment and retaliation against the diocese. Im a counselor, only in my department, kenyata was only black teacher. Reporter rally held in petaluma. Protesters showed up off letter condemning the firings. Counter counterprotesters showed up to support the school. Principal Patrick Daley addressed the situation sunday. Race played no part in layoff o
7 . Californias benchmark is 8 . Governor newsom is set to give an update today on the states response to the pandemic. Last week he announced that the state is withholding money from cities that defy Health Orders would i allowi by allowing all businesses to reopen. You can watch the update live at noon right here on action 7, on the free abc 7 news app and also on abc7news. Com. Three Bay Area College football plays, two from cal, one from stanford, joined other pac12 student athletes threatening to boycott the coming season. These 13 players are demanding greater protections against studentathletes, and ending racial injustice. The group also believes that coaches, the pac12s commissioner and School Leaders should take voluntary pay cuts. Another demand calls to stanford to use endowment money to fund 11 sports due to be cut and this is according to the players tribune. Make sure that you are paying for your parking in san jose and l san jose will not Issue Citations with time limts
Next, Defense Department officials testified at a House Oversight hearing on the f 35 joint star fighter jet program. They were asked about maintenance issues and concerns that prime contractor Lockheed Martin provided defective spare parts and Outdated Technology systems for the aircraft. And generalsident manager of the f35 program at Lockheed Martin corporation also joined the hearing remotely to answer questions from lawmakers. The committee will come to order. Like to all, i would congratulate Ranking Member komar. This is his First Full Committee Hearing as a ranking i believe we are want a strong private military, strong private sector that is widely tracking taxpayers money and spending it efficiently for the purposes that it was meant for. I look forward to working with the Ranking Member in the future and i am so pleased that he is with us here today. Without objection, the chair is authorized to declare recess of the committee at any time, and i now recognize myself for open