Subcommittee, this is about an hour and 50 minutes. The subcommittee on energy and Mineral Resources will come to order. The subcommittee is meeting today to hear testimony on examining access to oil and Gas Development on federal lands. I ask unanimous consent that the gentleman from arkansas and mr. Westerman be able to sit with the subcommittee. That objection so ordered. This will allow us to hear from our witnesses sooner and help members keep to their schedules. Therefore i ask unanimous consent that all other members Opening Statements be made part of the hearing record if they are submit today the subcommittee clerk by 5 00 p. M. Today. With that objection so ordered. And i ask there not be any type of disruption regarding the testimony given here today. It is important that we respect the decorum and rules of the committee of the house and to allow the members of the public to hear our proceedings. Today the subcommittee will exam access to oil and gas. Our subcommittee is hol
Bloomberg. This is what im seeing across the board. Theres a little bit of sidewayson moving for these equity movements. They seem to be tracking gains across asia. Traditional assets, the Dollar Strengthening the crude oil will keep an eye on that at just below 48. What could straight to the bloomberg first word news. On for thisame north korea this after kim jongun threatened to do just that. Any military action would require his nations approval. The German Economy extended its growth to the Second Quarter. That is just below the estimates in the Bloomberg Survey. It will come as welcome news for Angela Merkel. Asked hownt trump has china handles intellectual property. Beijings ministry of commerce responded by saying any protection would damage economic relations and hurt the business interest of both countries. And bill dudley says it is reasonable to plan next month. He also said he supports another Interest Rate increase this year if the economy evolves at we continue to monitor
Plus texas bracing for Hurricane Harvey the strongest hurricane to hit the u. S. In more than a decade. The ecommerce giant said to slash prices in whole foods as soon as monday investors though will focus their attention on jackson hole wyoming and the Kansas City Fed symposium. Yellen will speak in about an hour from now while draghi will address the gathderring this afternoon. 3 00 p. M. Eastern time powell is somewhere in there around 220 but the conference title is about synchronized Global Growth which some argue is a different, will mean jackson hole will be different this year. It seems different. Theyre trying to drain the drama out of it whether they suck said in that or not i dont know. It became something never intended but it finds the markets in an interesting position of being overly comfortable with what they think is going to happen here. Not believing the fed is going to normalize in a rapid way thinking that the run off in september or the Balance Sheet wont be much
Courtney reagan in for sara this morning. Good morning. Happy monday to all of you and our viewers. Lets get straight to the market action. Record highs throughout the week. Last week we ended the week with the s p down 3 . The nasdaq was the leader at 3. 5 for the week. Its worth pointing out the nasdaq since the election up only 4. 8. So much of the gain coming last week. It was playing catchup having lagged behind some of the other indices since the election. The one really up most of all since the election is the russell 2000. As you can see this morning, were pretty much flat in the premarket. The dow eking out a slight gain on the futures market there, the s p and the nasdaq slightly negative. The big market mover this morning is oil. Oil prices up some 5 . If we have a look just shy of that now, 53. 94 comes off a week of gains. They were up 1. 3 as a whole last week. But prior weeks, they were up 12 when the initial opec deal was struck. The reason we have the extra bounce toda
Bright to start with. But we have a few clouds around. The temperature has bumped up in philadelphia. It is 37 degrees right now, a little bit of a breeze out of the west at 6 Miles Per Hour. It will come down a little bit at 8 00, then right back up into the upper 30s at 11 00 and warm into the 40s this afternoon. The cold will ease out of here. Wont be as warm as yesterday but nicely above freezing for philadelphia, the suburbs, into new jersey, 43 degrees. And at the shore turning partly cloudy and 45. Clouds will be increasing this afternoon. The Lehigh Valley and delaware and the rest of the area as well. Ill break these forecasts down hour by hour when i come back in ten minutes, but first, Jessica Boyington is watching your first alert traffic. Thanks, bill. Starting on the schuylkill expressway, finally seeing minor improvements around montgomery drive. We had some overhead sign work earlier this morning that was closing down all lanes in both directions at one point. Then it w