Today we are hosting our First Virtual congressional military family summit, and we are excited that all of you have joined us. We would prefer to gather in person. However, this way we have more people than ever that are joining us. So there is an advantage to doing this virtually, and we have a great lineup. We have a great agenda. We just appreciate anyone who has taken the time that is helped organize and going to offer perspectives. Our goal is to make sure that we are knowledgeable and ready to advocate on your behalf. So thank you everyone thats been involved in making this happen. I want to do a special thank you to everyone in georgia and Washington State, the military leaders that have joined us, and military men and women that are currently serving. So a big thank you, a big thank , you to your service. It was great to meet mac. You told me shes in the military because she believes in freedom, and i was just reflecting that when i think about military men and women. I think
Thats a 13. 8 increase month on month. Pretty good, alix. Israel alix can it last . And coming up this hour well speak to valley grant, Senior Vice President and henry mcveigh, ahead of global maam row and Asset Allocation with his report on economy and investments. The main macronews that happened was beijing following through on the threat of retaliation, china ordering the u. S. To close the consulate in chengdu and comes after the foreed closer of a Chinese Mission in houston. Sharon chin the asian bureau chief, how big of a disruption is it between the two countries . Sharon i mean the whole dispute over the consulates, the u. S. Asking china to shut its houston consulate and china asking the u. S. To shut down its consulate in chengdu has en a severe reaction and the worst theyve taken in the last few years. Here it was immediate, people on the ground expressing support for the chinese government. There was a lot of security on the scene in front of the consulate in chengdu and a
Coverage. Blake burman with the latest from the white house, Lauren Simonetti is watching the markets and Edward Lawrence is in washington. Lets kick it off with edward. Reporter exactly. Chairman Jerome Powell, Federal Reserve keeping Interest Rates where they are foreseeable future. Federal reserve chairman Jerome Powell said the coronavirus had Significant Impact on Economic Activity, employment and inflation, further lowering expectations. The Federal Reserve chairman believes well see doubledigit unemployment when the next Unemployment Rate comes out. He backed off saying there would be a robust Third Quarter going farther, saying some uncertainty around when the crone cron treatment will be available is when in fact the economy will start to pick up again. But he would not say if the announcement after treatment or a vaccine changes anything that the fed is doing. Also Federal Reserve open Market Committee statement saying that the fed will keep rates where they are until they ar
You know how tough it is to share a trail with dozens of others. Pedestrians, bicyclists, can go to the streets. It has moved from the streets to the narrow sidewalks, where runners, pedestrians, jockeys for every inch of space. Im trying to stay healthy, get through this. Starting tomorrow, oakland families will have a lot more space to e get fresh air and practice social distancing. Thanks to the citys flow straig streets program. You should move your body in your local neighborhood. They want them to avoid city streams. In purple. People the can drive in and out but they should slow down. There will be people, children in streets. And frankly, oaklanders vn driven with the thought the that any moment a child can pop out between two parked cars in hatch is how we should drive all the time. Speed demons on the roads. They caught a driver reaching speeds up to 139 miles per hour. Their tweet e, come on, strag up irresponsible. Advocacy groups hope that berkeley is inspired by oakland a
Locations. Its an historic morning as the fed injects 2. 3 million in loans into the american economy. Powell has a live webcast in about an hour. We have the opec plus meeting to watch. Jobless claims, 6 million for a second week. But your point a moment ago is the fed is helping to take a credit crunch off the table and all we need at this point is a break on the science the fed is not going to be the reason why we go into a depression they want to stop that they want to make it a recession. Sometimes, i mean look, i was critical just a couple years ago when powell was talking about tightening when the economy was actually getting weaker. He is so far ahead of the curve that it will be studied. We will be studying this period, and we will say, unlike 1937, when the fed got tight and they threw us back into depression, we will say that jerome powell, after being a little unsure about how to handle things, decided to go out front and said we will make it so that if you want to make loa