Last week, i warned you. Didnt think it wouldlast. More bad news about the pandemic and we would get slammed again thats what happened today dow plummeting 900 points, s p plunging 1. 4 . Nasdaq also nose diving, 1. 4 . Last night the president gave us pretty down beat, realistic forecast for covid19 fatalities if youve been following the experts and a potential death toll in the hundreds of thousands, might not have surprised you. But for a lot of investors it was a rude awakening i cant blame anyone for selling after that miserable First Quarter with very little good news on any front in the battle against covid. Lets be real. This market is an incredibly leaky ship if youve been laid off, having health problems, your family is hurting, supporting a loved one out of work, youre most likely going to have to sell stocks to get through this period. People need cash you cant fight that kind of selling. Thats what were seeing so why not simply dump everything, flee, maybe head for the hil
Let that sink in for a moment. 16 just this week were not even done. President trump announcing a travel ban on all nonu. S. Citizens coming in from europe were awaiting details on a stimulus plan or domestic response to ensure containment mitigation and increased testing capabilities right here in the u. S. Were talking to three ceos today. Group one auto, redfin and verizon ceo about how these companies are dealing with the fall out and what the impact of this virus will be on the overall economy. Lets get right to our reporters covering the story for us rick ismonitoring the action i the bond action. We begin with steve on the phone with the latest on this move by the fed. Its been about an hour for markets to digest it people are still trying to figure it all out here it looks like the Federal Reserve is going to do a series of masds ifr operations to put it this way, it will be a trillion dollars a week in the following ways a half a trillion dollars was done at 1 30 today a half
President s budget request is just that. It is a request. It does start the annual budget process and gives us here in congress the opportunity to learn about the administrations priorities and how it carry them out. But ultimately its up to us to determine what kinds of programs to fund and what levels. This years budget request is far from perfect i agree the priority must be on Fire Management and improving the health of our forced. Im encouraged the administration is proposing to invest significantly and hazardous fuel reduction and other active Forest Management activities. We know such investments pays dividends hopefully well see this important work plan and carry it carried out without any disruptions. Thanks to our work on the consolidated preparations after 2018 which provided new Budget Authority to fight wildfires. And this budget request would make use of it for fy 2021. The 2019 fire season was relatively mild in the lower 48 with few notable exceptions, but in alaska, la
May come to order . I consent that military can call resources, i ask unanimous chant that they recognized for ten minutes each during the question rounds, and without objection, so ordered. Before i begin and similar to the previous hearing on the 737 max, with the ceo of boeing testifying in october i want to explain that administrative manners regarding some documents we may use, i will be making two unanimous consent requests and reference to to document lists, list a, list be. First the documents contained on this to be our marked export controlled, apparently they stamp everything. We have been advised by house general counsel that they provide ample authority for us to release these documents. However, with regard to documents i will be making unanimous consent requests regarding the release of these documents, pursuant to the control act. Second, i will be making unanimous consent request to enter the documents on a list day into the hearing record. This includes additional doc
May come to order . I consent that military can call resources, i ask unanimous chant that they recognized for ten minutes each during the question rounds, and without objection, so ordered. Before i begin and similar to the previous hearing on the 737 max, with the ceo of boeing testifying in october i want to explain that administrative manners regarding some documents we may use, i will be making two unanimous consent requests and reference to to document lists, list a, list be. First the documents contained on this to be our marked export controlled, apparently they stamp everything. We have been advised by house general counsel that they provide ample authority for us to release these documents. However, with regard to documents i will be making unanimous consent requests regarding the release of these documents, pursuant to the control act. Second, i will be making unanimous consent request to enter the documents on a list day into the hearing record. This includes additional doc