Care, potential for vaccine treatments and mitigation of the incredible economic arm, the fourth bill is still lingering with an uncertain future in the senate. And then the murder of george floyd brought a long simmering crisis to a head for our nation. Last week, this house passed the justice in policing act to deal with systemic racism and policing. This bill deals with another crisis. Denied by the president and denied by most in his party. The existential threat of Climate Change to the world as we know it. To our nation. To our coastal areas. To our inland areas. To everything, our crops, our future, our childrens future, our grandkids future. Before us today is a long overdue transportation, comprehensive 21st century, the first 21st century transportation bill that moves beyond the eisenhower era and just reauthorizing the same old programs all the time. It also deals with the incredibly deteriorated infrastructure in this country. There is bipartisan agreement on that. It need
Infrastructure bill. A vote on final passage is expected wednesday. May consume. The speaker pro tempore the gentleman from oregon is recognized. Our mr. Defazio our nation is conflonted with multiple crises, covid. We passed four bills in this house to deal with covid directly in terms of medical care, potential for vaccine treatments and mitigation of the incredible economic arm, the fourth bill is still lingering with an uncertain future in the senate. And then the murder of george floyd brought a long simmering crisis to a head for our nation. Last week, this house passed the justice in policing act to deal with systemic racism and policing. This bill deals with another crisis. Denied by the president and denied by most in his party. The existential threat of Climate Change to the world as we know it. To our nation. To our coastal areas. To our inland areas. To everything, our crops, our future, our childrens future, our grandkids future. Before us today is a long overdue transport
Investors move out of tech into the cyclicals. On the day, there was a sharp leg lower because around 11 00, stocks up. 2 , now down. That came on the news the florida covid19 cases rose 2. 4 yesterday relative to the previous seven day average of 1. 6 . The fear everybody has around the idea that will these protests and a reopening in the United States because despite or second wave, perhaps improving i think their cases were little bit above yesterday. You can see the reaction in stocks at this point. David one day does not make a trend make, at the same time we are all on tenterhooks to find out what happens in the states that opened up earlier than others. Airlines, we have airlines bursting back, saying maybe air travel is coming back. Abigail American Airlines very positive and that is helping the dow transport traits to the positive. American airlines boosting their flights in the air. Many saying millennials are willing to get back into the air. That could help a beatendown are
Oil price crashed below 0 and then kept on going into negative territory our economics editor abby dallies in london he says the glut in oil supplies is a global problem that needs a coordinated multinational response. Theres more than 35000000. 00 barrels in circulation which out which which are not useful to anybody at this present time and so we need to figure out how to get rid of those 35000000. 00 bows that would mean russia United States and saudi arabia shutting down production but thats not practical because if you shut down press corps you can damage wells so it needs a collective help from from everyone around the world the other thing that the United States can do is rig is that off the Strategic Reserve to allow corporations to actually store away their oil in those corporate in those that are in the Strategic Reserves and thats something that were going to consider and the u. S. Is also considering haint Oil Companies to keep oil in in the oil wells so that they dont pump
They come. Checking out the 10year, weve been around the same level yesterday we were at 0. 75 this morning, it looks like the 10year is yielding. 69 saying the Global Oil Demand will fall by 9. 3 billion a day erasing almost a decade of growth down about 2. 25 baushing it back to 19. 65 a barrel dr. Scott gottlieb, chairman of cbs health, fanatics executive chair. Chief Investment Officer and more coming up in the next three hours. Joe . Becky, you remember United Health care is a dow component we always say, thats right. Thats right you notice the dow is down around 370 or so maybe repairing partly due to United Health care the Company Reported an adjusted 3. 72 for the First Quarter. Nine cents above estimates the company said it is keeping its prior 2020 full year guidance said it would continue to evaluate the ongoing impact. You can see up about five points or so. Ee quaids to the improvements we see. Well hear from bank america and other companies. We are in earnings season now.