The s p and nasdaq shaking off earlier losses closing near the highs of the day. There is optimism out there about a economic recovery and also about hopes for a vaccine. So, optimistic day. We will get to the launch. Well spend a lot of the hour on it. First fox Business Team coverage of our top stories. Lauren simonetti on the markets for us, blake burman in washington who has the latest for the president who is in florida for the launch and Kristina Partsinevelos joins us with news on disney. We start, blake, with you. Reporter connell, melissa, speaking of that launch who wouldnt want a front row seat to it. Exactly where President Trump and first lady, the Vice President , section lady are right now in florida in advance of what we are expecting to be the historic launch about 31, 32 minutes from now at the Kennedy Space center. President trump taking a tour there. He was asked what his message is for those two astronauts who will be aboard the spacex rocket going up to the Intern
[captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] this hearing will come to water. Welcome, welcome. Today the committee convenes to broadband during the covid19 pandemic. I extend my appreciation for my colleagues attentions attendance and participation. I welcome our distinguished panel of witnesses. Mr. Y we will hear from stephen barry, president and chief executive officer of the competitive cares organization and the chief executive officer of the Rural Broadband association. Mr. Gene kimmelman, Senior Advisor on public knowledge, who will be appearing, testifying remotely. Jonathan spalter, of u. S. T and ceo broad,. Covid19 crisis has changed life dramatically for almost every american. As the administration and the centers for Disease Control and prevention encourage social distancing to prevent spread of the virus, normal activities like work, school, Healthcare Services are increasingly t
Colleagues attentions attendance and participation. I welcome our distinguished panel of witnesses. Mr. Y we will hear from stephen barry, president and chief executive officer of the competitive cares organization and the chief executive officer of the Rural Broadband association. Mr. Gene kimmelman, Senior Advisor on public knowledge, who will be appearing, testifying remotely. Jonathan spalter, of u. S. T and ceo broad,. Covid19 crisis has changed life dramatically for almost every american. As the administration and the centers for Disease Control and prevention encourage social distancing to prevent spread of the virus, normal activities like work, school, Healthcare Services are increasingly taking place online. This has caused a huge uptick in the use of broadband. One estimate shows average Broadband Usage is up by 47 since the pandemic began. Good news is that theres been some progress in connecting all americans. The fcc has recently released broadband deployment report shows
Pandemic kering gets paired down with gus gucci sales down volatile trading again in oil as brent bares the brunt of the selloff. Nearing 21year lows producers battling the glut and depressed demand the u. S. Senate passes a new 500 billion relief fund package. This will go to hospitals. Loans for Small Businesses and some assistance in the funding for testing. You cannot tell people to go out in the streets without adequate testing or the fear is that corona will come back doubly as hard as it came the first time a very warm welcome to street signs. European markets starting the morning off on a high note currently trading about 1 higher following a steep selloff with the main benchmark breaking the win streak this morning, european corporate earnings taking focus. We had a number of Earnings Report a raft of Different Industries movement around dividends and a lot of pressure on earnings. Companies sounding a more optimistic tone in the second half of this year and beyond 2021 Energy
A very warm welcome to the program from all of us here at r t h q in moscow thanks for joining us this hour. World oil stocks are taking a major hit following the failure of crude producing countries to agree to production cuts as a man for oil falls amid fears about the coronavirus saudi arabia says it will increase output after a dispute with russia with more here is are to scale up. Quite a somber atmosphere here on wall street they are already calling it black monday we saw a 15 minute free on futures trading when the stock market opened big dramatic plunge on the stock market the biggest drop weve seen since the 2008 financial crisis and on top of all of that weve got an Oil Price Drop 30 percent decline in the price of oil a plunge in the price of oil the biggest drop weve ever seen in oil cents in 1901 and at this point its being traced back essentially to the negotiations with opec saudi arabia has come forward and called for a decrease in Oil Production due to limited demand a