President elect biden this is one of the worst economic and job crisis in modern history, but it doesnt have to stay that way. If we act now, now, i mean now, we can begin to regain momentum and start to build back a better future. There are no times to lose. Millions of people have lost their Health Insurance or in danger of losing their Health Insurance. One in six renters is behind in rent. One in four Small Businesses cant keep their doors open. And there is a growing gap in black and latino unemployment and the gap remains much too large. Deeply troubling that last months unemployment was driven by people dropping out of the job market, not because they were being hired. They have lost hope of finding a job and taking fulltime care giving responsibilities as Child Centers remain closed and children learn remotely. Over the past three months, 2. 3 million more people are longterm unemployed. Meaning 23 weeks or more. By far, the largest increase on record. This is a dire jobs repor
Citis analyst call is getting underway. Jp morgan had their analyst call. Those stocks are now lower. Sonali basak has been on the call and joins us now. Why the rollover here . What has been the take away so far . Sonali we saw lower Loan Loss Provisions than initially expected, but at the same time, theres a lot of uncertainty ahead. Reserves releasing slowly because we dont know what the economy is going to look alike the future. Jamie dimon told media this morning that there could be considerable suffering if we do see a dip in the economy, and we are on a day where we are seeing coronavirus cases up a bit. Asking a and analysts lot of questions this morning about Net Interest Income and kind of securities that could pose to executives pushing back, saying they are not about to change their Business Models on what they view as temporary headwinds. Getting some breaking news, so hold that thought. The wto is coming up with its news relating to the airbus boeing case, awarding 4 bill
Well actually theres more red icons theres one runner park, theres one up in American Canyon and farther up past so masterful thank you for joining us tonight at 10 im ken wayne and i pale more pg and e says the states grid operator order the rotating Power Outages because of the excessive heat driving up electricity use and putting a strain on the power grid, it was expected to last until 11 oclock tonight, but about 9 oclock. Pg said it has stopped shutting off power and has started restoring power and just about 10 minutes ago the state agency lifted its stage 3 Emergency Declaration which ordered the rotating Power Outages in the first place is the first time the state of california has ordered rolling Power Outages since 2011. We talked to a spokeswoman from the state agency that order the outages about what led them to declare the stage 3 emergency tonight. This one completely driven by the heat. There was so much demand. We also have out cover at the same time that came with tha
With in addition to the pandemic so yeah get right to it john trouble in the Weather Center will start their jobs. Yeah guys definitely was not a fun night for those of us that did lose power, especially for those of you that were trying to cool off a little bit. Temperatures today will likely again be shattering records areas like San Francisco full 10 degrees above the former record reaching into the 90s for a few spots in the city says you look at the Golden Gate Bridge right here Crystal Clear skies we are off to a warm start already with 60s 70s for most of our current temperatures did cool off enough last night to let it cool breeze into your house, but as we make our way through the day today we are going to be seeing temperatures just as hot as yesterday in some areas despite a one to 2 degree cool down and others think areas on the map still under that excessive heat warning and thats all the way through wednesday. So this is an extended round of heat ahead of us not really lo
Wish to seek recognition. Per House Resolution 955 resolutions and members are required to leave the camera on the entire time they are in an official proceeding. Even if they step away from the camera. Our roll call is not necessary to establish a quorum and official proceedings conducted remotely whenever there is an official receding with remote participation the clerk will call the roll to help make clear who is present at the start of the preceding. This time i asked the clerk to call the roll. [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] thank you very much. Pursuant to Committee Rule 7d Opening Statements are witnessed the chain the Ranking Member for this allows us to hear from our witnesses sooner and provide all members the adequate time to ask questions. Recognize myself a purpose of making an opening statement. Today we are examining how the covid19 pandemic is draining our Higher Education system and discussing what Congress Must do t