Thank you for giving us your time today. Thank you for the Economic Club for paying attention to me. If those dont know your background the 75th postmaster general the first one is behind you, Benjamin Franklin the inventor of the Postal Service. And who are native of new york went to college in florida and then went back to your familys business and bolted up North Carolina one of the larger logistics and you have been very involved in philanthropic activities at Duke University among other places and thank you for giving us your time today. So at the outset, when you agree to become postmaster general is not normally the most famous position i doubt many can name your media processors you are well known did you thank you get this much attention . If i may, when i accepted the role of the situation the Postal Service was in at that time and then to have significant financial consequences at the time. And the issues of running out of cash in september 2020 and having no help insight. B
Lewis did joy spoke with the Economic Club of washington dc about postal club operations. In the handling of mailin ballots. He also talked about the impact of the coronavirus on the workforce. Let me first now go to our special guest the postmaster general lewis did joy. Thank you very much for giving us your time today. Thank you david for having me and i want to thank the Economic Club of washington for paying attention to me. Thank you for attending. You are the 75th postmaster general the first one is behind you i can see. He was the inventor of the Postal Service. You are a native of new york and you went to college in florida in stetson and then you went back to your familys business and you belted up in greensboro North Carolina and built into the Largest Logistics Companies in the United States. You had been very involved in philanthropic alma mater. Thank you for giving us your time today. O let me just ask at the outset when you agreed to be postmaster general did you realiz
Now. Power lunch starts now thanks welcome to power lunch broadcasting from a secure and undisclosed location the nasdaq on pace for its first negative week since june lets go to bob for more on the marks. Bob. Choppy trading but very narrow trading range bio tech sb flat energy, oil has been hugging 40 for a month now. Were down today but up overall in the week. Banks are down but up on the week and had a pretty good week. Amazon down about 8 this week one of the worst week its had in a long time all the damage in netflix has opinion today. The problem is when you have megagabe kaplerture ecagabe kacm players. Thats a head and shoulders, folks round trip the same situation with netflix, really netflix was 500 a couple of weeks ago. It goes to 580 and then its back down to below 500 thats another semi head and shoulders. We keep trying to get over 3230. Were just keep knocking on the doorp that guys have a good weekend. The same to you the Trump Administration is ramping up its rhetori
This is live coverage of the hearing on cspan3. The country is returning to work here. Many of us here in washington having this hearing while the spearer pelosi and House Democrats continue to stay at home Holding Virtual hearings. We have got to get back to doing the real live work that the people sent us here to do and i would urge my colleagues on the other side of the aisle to come back to washington and do what we have been elected to do. And with that, madam chairwoman, i yield back. Thank you. Thank you so much. Now were introduce our witnesses. First we have rita bigot, an essential worker who died from coronavirus. Next is john costa, the International President of the transit union. Next we have anthony mark perone, who is the unit food and commercial Workers Union and with us Bonnie Castillo who is the executive director of National Nurses united and California Nurses Association and the National Nurses organizing committee. We also have clint odum from policy and advocacy
Too glib maybe not glib enough. The dow did snap that five day winning streak to close down 28 points the s p back slid. 04 nasdaq actually advanced. 05 but while most of the country is spell bound by the prospect of the house impeaching President Trump the effect on the market was minimal, why well in part because we know exactly how the trial in the senate will go more on that, much more on that later. From an Economic Perspective though theres just not a lot at stake here the only outstanding issue that really matters to wall street is the negotiation of the new nafta but thats looking like a done deal in congress because Speaker Nancy Pelosi was willing to compromise mexico is rebelling against the notion of u. S. Labor law monitors in their country, issues of sovereignty. Of course theres the trade war with china just got a phase one deal with the chinese and President Trump agreed to reduce the tariffs as long as the prc plays ball anything that levels the Playing Field with chin