Of the discussion. If you were recently unemployed, laid off, or furloughed, that line is 202 7488000. If you are currently employed, 202 7488001. If you are a Business Owner, that line is 202 7488002. We would really like to hear how this is affecting our business. For all others, the line is 202 7488003. Make sure to text us, including her name, where you are texting from. On twitter, we are at cspanwj, and on facebook we will look for your posts as well, facebook. Com cspan. This is the headline in the Washington Post this morning, jobless rates spike to 4. 4 as democrats and trump began to scramble for a new spending and stimulus. Workers, thee for worst is yet to come. By midyear, the nation will likely be suffering its highest Unemployment Rate in nearly 40 years and possibly the worst since the great depression. Bank of america says the jobless rate will hit 15. 6 . ,oldman sachs pegs it at 15 while the Nonpartisan Congressional Budget Office estimates 12 for the second quarter.
Investors to take risk even with the pullback, dow slipping 130 points and nasdaq losing. 27 and what a week. We almost went to war and then we didnt go to war. We almost didnt get a trade deal and it is coming next wednesday. And then this morning we were worried the Labor Department report might come into too hot and they might mouth off about inflation and a bunch of governors speaking next week and that could have gotten ugly and how about a goldilocks job number, one that was not too hot, not too cold. You get that ive got to tell you, we created good jobs but we had sub 3 wage gain so the the feds should not be worried it could have been a lot worse since some of the shortfall related to a companys specific problems at boeing that just said the former ceo is not going to get severance the labor report was one reason to buy stocks and that is what happened this morning for even the most raging bulls either ran out of capital and got bored of buying the same old stuff or nothing ne
Rising tensions between the u. S. Eastern. At 2 00 p. M. Forre congress adjourned summer recess, the House Oversight Committee Held a theing on the future of Affordable Care act as certain provisions were being challenged in courts. Witnesses included advocates and a. C. A. Ast of the well as patients who have benefited from the law. Hours. Der four rep. Cummings committee will come to order. Objection, the chair is recesszed to declare a of the committee at any time. Full Committee Hearing is convened regarding the administrations attack on the a. C. A. I now recognize myself for five openingto give an statement. Because on today the trump2019, administration filed a letter with the United States court of appeals for the fifth circuit reversing its own previous position in the texas vs. United states in asserting for the first time would not defend any the Affordable Care act in court. The Trump Administrations the entireevails and a. C. A. Is struck down, there electric catastrophic
Committee will come to order. Without objection the chair is authorized to declare a vereces of the committee at any time. This full Committee Hearing is convened regarding the administration ee administrations attack on the aca. I recognize myself for five minutes to give an Opening Statement. We are hear today because of on march 25th, 2019, the Trump Administration filed a two sentence letter with the United States court of appeals with the fifth circuit reversing its own previous position in the case of texas versus United States and asserting for the first time that it would not defend any portion of the Affordable Care act in the court. If the Trump Administrations position prevails and the entire aca is struck down, there will be catastrophic implications for millions of americans in the entire United States Health Care System. Ive often said that voting for the Affordable Care act was the most important vote of my career. And let me tell you why. When Congress Passed the aca in
Nemonth. That seems to be how the market interpreted the central nks pledge to sustain the expansion we told you about yesterday. Oil prices are up more than 5 on geopolitical concerns and oil stocks followed suit. Finally, Interest Rates continued lower with the yield on the tenyear treasury dipping below 2 for a time today to a threear low. He close, the dow rose 24points for a 26,753. The nasdaq added 64, and the s p 500 was up 27 at that record. Bobasez sawny following the action from the new york stock exchange. Whats behind the rally . Theresot of yu foreuphoria about u. S. china trade talks. Energy led the gains, crude oil spiked almost 6 after iran struck a down u. S. Drone in what was called an unprovoked attack. It is amid recent attacks on oil tankers in the persian golfers. The market took aip briefly midday on President Trump saying iran made a big mistake, quot unquote, and hinting that the u. S. Could consider a strike against iran, but it bounced back soon after when th