Caucus holds a Virtual Congress. They discuss future coronavirus legislation which they agreed it should include assistance for state and local governments. This is an hour and 10 minutes. Afternoon. I am representative dean phillips. Is thursday, may 7, 2020. A call to order a special Problem Solvers Caucus. The gentleman from new jersey will control 30 minutes for the majority in the gentleman from new york, mr. Reed, will control 30 for the minority. Focused is the gentleman from new jersey seek recognition . Consent for all the members to revise and extend and include the special order of power. Any objection . Hearing no objection, the gentleman from new jersey is recognized for 30 minutes. Thank you, mr. Speaker. I rise today with my fellow cochair and good friend from new york and other members of the Problem Solvers Caucus to discuss the issues of state and local funding being contemplated for the next round of cares legislation. Yield myself as much time as i may consume, mr.
Off is also bullish. We certainly have the bulls out. One stock not participating is royal caribbean. They put up a very bad quarter. Interesting, target put up a good quarter. Those shares are trading lower and that has to do with uncertainty around the consumer. They put up a good quarter. There are concerns about margins and will that eat into the strong sales, but will we see the consumer start to move back for Discretionary Spending or will it be all about the staples . To, i everyone you talk spoke to Brian Moynihan yesterday, he said it is all about the consumer. You are a student of the market. Tell me how you tell the difference between a bull market and a bear market rally. Abigail lots of signs, and that is something that has been on my mind. It is probably too early to say this is a real bull market for the very reason that if you work to go back to this time in 1929 to 1932, the initial fall was a decline of 44 followed by a 46 rally and then what ultimately turned into an
Lots of people start retiring retail value starts to drop your medically, as a result of which, air france is taking the 500 million euro hit on that. Vonnie suppliers like rollsroyce, talking to the jet engine maker earlier on, and every time a widebody plane aes away, rolls doesnt get reorder for that particular plane. The s p 500 up 1. 5 . Most stocks are higher in the s p, and all of the groupings in the s p are higher, but we do have about 50 or so stocks lower. To be honest, a lot of those are came out after target and said, look, i cant tell you what is going on with the consumer. I am just completely confused. Target upping its offerings of fruits and vegetables and cook foods, but really not understanding what the customer is doing about a parable is doing about apparel. The dollar index down to 99, testing the 99 mark. Lets not forget the fomc minutes later on, for what thats worth. Theres also a lot of chatter about negative rates, particularly out of england. The 10 year yi
Recognition . Rep. Gottheimer consent for all the members to revise and extend and include the special order of power. Rep. Phillips is there any objection . Hearing no objection, the gentleman from new jersey is recognized for 30 minutes. Rep. Gottheimer thank you, mr. Speaker. I rise today with my fellow cochair of the problems offers solvers caucus and good friend from new york and other members of the Problem Solvers Caucus to discuss the issues of state and local funding being contemplated for the next round of cares legislation. I yield myself as much time as i may consume, mr. Speaker. I am here to fight for our state of new jersey and county and local governments. Our country is facing major battles right now, and getting including ensuring every american is protected from this virus and getting our local economies and businesses back on track. On the front lines of the battles are the workers in every community, frontline medical workers as well as lease and law police and law
And cleaning and disinfecting protocols and physical distancing guidelines. Retailers can also open for Curbside Pickup with merchandise and people can return to nonessential manufacturing jobs. As well as jobs at warehouses and logistics centers. The governor says stage ii is a go but local counties say they say to proceed at their own pace. Sonoma and solana plan to borrow the state modifications and ease restrictions starting tomorrow. They will not ease restrictions for nonessential businesses and allow Curbside Pickup. Our reporter spoke to Business Owners plan to do curbside cells anyway. Frustrated and confused, they say they have one thing from the governor and another from the county. They do not understand what it is like to open. Heading into mothers day weekend, they say 50 orders for floral arrangements are ready for Curbside Pickup. I do not see the difference between a flower arrangement and food that you would be picking up. Retailers including florist could reopen in a