Subcommittee are able to participate in todays hearing. Members are reminded to keep their video function on at all times even when they are not recognized by the chair. Members are also reminded that they are responsible commuting and im getting themselves, and to mute themselves after they have finished speaking. Consistent with the regulations accompanying h. R. Rest 965, staff will fully mute members and witnesses as appropriate. When not recognize to avoid inadvertent background noise, like i am hearing now. Members are reminded that all forms relating to order and quorum apply to this remote hearing. This hearing is entitled the rent is still due americas renters, covid19 and an unprecedented eviction crisis. And i now recognize myself for minutes to give an opening statement. Welcome to all of you for our First Virtual hearing. During this very challenging and difficult time. Homeowners and land owners as Housing Market for whole. After ditching will focus our attention on how t
New claims actually rose. And 17 Million People are still drawing Unemployment Benefits. I believe thats a negative for the overall market. Get to that in a second. Look at this. Amazon, apple, google, facebook, the day after the top executives took a pounding from the politicians, these stocks went up during those hearings. They are down in preMarket Action this morning. Hold on. All four of these giants will report their earnings later this afternoon. This is big techs big day. My opinion, these Companies Need blowout numbers to sustain their very lofty stock prices. Watch it unfold at 4 00 this afternoon on this network. Overall, i got a lot of red ink to show you. The dow is looking for a loss of over 300 points, down maybe 40 for the s p and off 131 on the nasdaq. Heres one of the negatives thats hurting the market. Emergency virus relief. It runs out in 24 hours. Congress is divided over how to replace it or extend it. Investors want more stimulus but theyre not sure they are goi
Withdrawing the amendment. If there is no further debate, the amendment we are back live at the House Appropriations committee. Theyre working on 2021 spending levels for the defense, commerce, justice and transportation department, as well as the department of housing and urban development. The markup is excited to go into the evening. You are watching live coverage on cspan. Chair lowey for what purpose does the member from california rise . The member of california . Thank you. I havent amendment at the desk have an amendment at the desk. Chair lowey the clerk will read the amendment. I ask unanimous consent to dispense of the reading. Chair lowey without objection, the reading of the amendment is dispensed with. Thank you. This amendment is straightforward. It would block a president from starting a war with iran absent expressed authorization from congress. This amendment consists of language that the house is already adopted as part of h. R. 550 in january of this year. Let me be
Edward lawrence in washington, Hillary Vaughn and hershey pennsylvania and gerri willis. We will start with edward and the latest from the president. Right now the president is on his way to a high dollar fundraiser in southern florida, the ceo is holding a fundraiser at his house, the president making a lot of news today the president will not go to New Hampshire tomorrow, his rally has been postponed because of hurricane or Tropical Storm fay there concerned with the wind in the president on air force one also talking about china, he says he is very concerned, the damage in the relationship has been severely damaged according to the president between the u. S. And china because of their actions that led to the spread of the coronavirus. He believes that the president has too many other things on his mind to worry about even talking about a phase two trade deal with china, he is moved on from that in the president did address the economy. We will have a great third quarter, thirdquart
That remdesivir showing the risk of death in severely sick patients is very very promising and now the ceo had to couch that with, you know, that fine print, but these latest findings require some confirmation, so again thats just in keeping with the requirements that all of these biotech giants face in coming up with potential cures and or vaccines for this virus, but a lot of fastmoving developments are keeping track of the president , and hell be in florida very soon and speaking there raising money there, and hes got a busy weekend coming up with both duties of the job, duties for the campaign, raising money, also the back and forth whose better for wall street, the president says he is, joe biden says that hes not vowing to investors or Shareholder Capitalism, and im not quite sure what other capitalism there is, but anyway, were going to explore that back and forth with the likes of Bernie Marcus who of course came to fame and built a billion dollar empire with home depot when no