Were going to have to be patient until the hard work of tallying boats is finished. Manus biden on the brink, michigan and wisconsin edging closer to the 270 electoral votes. Trumps campaign sued pennsylvania to stop counting votes. Treasuries are bid on policy uncertainty in the fed is set to focus on the pandemic, while the boe is expected to boost qe. The results may continue to flood in. Majors welcome to the show, and marie. Good to see you. What a difference 24 hours make. My guess in the past two hours have been saying you possibly have the genesis of chaos and hyperbolic language. Why . Because were going to begin to understand what the faceless Electoral College dissenters might do to spoil the road to the white house. Good morning. It is still risk on in these markets, but the question is the validity and veracity of a challenge to joe biden, if he gets the numbers. Annmarie we are still counting those boot those votes in america. Nevada, pennsylvania, georgia, were still wai
United states within the decade. Nancy pelosi says that the house is ready to vote on a potential deal this week and Cocacola Europe is buying a soft drink or soft drink makers operations in australia. 19 premium eight to their last close. Lets have a check of the markets. We will start off with u. S. Futures, currently weaker by about 0. 2 . The cost is up right now but when they lasted they were higher by 0. 2 . Reporting higher a little but by a little more than 0. 25 . Europe as covid cases continue to rise is really weighing on crude at the moment. Continuing to prop up buying for january. Still some downward pressure there. Kathleen chinas leaders gathering in beijing to map out the fiveyear plan. The economic roadmap is expected to center around technological innovation. Mackenzie joins us from beijing with the preview. What should we watch for . They will be meeting here in the Chinese Capital over the next four days. We are expecting to get a bit of a steer in the next few day
Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
Outperformer, up 0. 6 of 1 small caps pulling back. Our Investment Committee today, joe terranova, stephanie link, jon najarian joe, lets get your top line read of the markets right here we had an 8 pullback into mondays open. Weve rebounded a little more than half of that over three days, so was that it for the nearterm pullback or are we still in a choppy phase . Well, we still have more fight to encloses the gap from last wednesday into thursdays decline for the s p, mike. That gap sits at 3153 to 3181. The composition of todays tape shows weakness in what had been kind of those dashfortrash leaders. If i look at the dow, i see exxon, boeing and chevron. They are underperforming today within the s p you have the cruise ships underperforming and then for the nasdaq, its the airlines and marriott. So the strength has to come from the old place, your Mega Cap Technology oriented names. Theyre going to have to carry the momentum to close the gap further. On the other side of chairman po
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T