For a u. S. District court judge in ohio. It is also the first opportunity for members to speak on the floor sense election day. Watch live Senate Coverage on cspan2 and the house on cspan. Amtrak president and ceo William Flynn was on capitol hill to testify on how the coronavirus affects the Passenger Rail system and what amtrak is doing in response. The Senate Commerce of science and Transportation Committee also heard from representatives of the freight Rail Industry and about the challenges they are facing as a result of the pandemic. This hearing is just over two and half hours. Order. Thank you all for being here, good morning. Today the committee can means to discuss the status of the National Rail network in the country is 140,000 miles of freight rail in class one railroads over 600 freight railroads and thousands of Companies Using braille to ship products and raw materials, we also have an intercity passenger real service amtrak operating on 22000 miles of the same network
Information and hope says the professor at the roosevelt family estate. They would listen to the president explain what the government was trying to do. Reporter they were few in number but symbolic of a connection between the patrician, roosevelt and those suffering with poverty. Something the president understood because he suffered. I would say that the symbol of his presidency, of his life is warm springs, georgia. Reporter roosevelt was stricken with polio and never walked again. He built a facility in warm springs, georgia for other polio sufferers and took charge of the operation. It helped him to relate to all kinds of people that is leaving a life of kindness and of respect and responsibility for the people that we know as well as for the people that we dont know. That is the modern basis of democracy. Roosevelt unleashed a flock of programs. They went to work building the infrastructure of the country in ways that are almost unimaginable now. They built 39,000 schools. They b
Order. Thank you all for being here, good morning. Today the committee can means to discuss the status of the National Rail network in the country is 140,000 miles of freight rail in class one railroads over 600 freight railroads and thousands of Companies Using braille to ship products and raw materials, we also have an intercity passenger real service amtrak operating on 22000 miles of the same network including over 500 stations. Todays first panel of witnesses will feature mr. William flynn ceo of amtrak and the executive director of the Development Corporation in Montana Development association who will testify remotely. Todays second panel will include mr. Frank Vice President Global Supply chain on behalf of of the council testifying remotely, mr. Randy, the president and ceo of the association, the chairman and National Council testifying remotely in the association of American Railroad and mr. Dennis pierce, president teamsters real conference testifying remotely. We appreciat
Not quite as thrilling after day as we had yesterday. Ashley connell it, would be hard to repeat. S p and nasdaq dropping because of a covid 19 vaccine fading a little bit. Investors pull out money from the tech companies, that benefited most from the pandemic. Look at the dow and s p and nasdaq down. I want to get tech stocks red across the screen. Microsoft, facebook, nvidia, Big Semiconductor conductor down 6 . Adobe systems down 4 . A lot of the stocks higher on the year but a victim of the rotation of money out of tech. If it is coming out of big tech where is it going . Lets take a look. Consumer defensive names. Companies likes walmart, costco, target, proctor gamble. There they all are. Weve gone from a red skeen to a green screen. Target, all the others also higher. Industrial stocks giving boost from a csx railroad gaining more than 3 as did ge, right around 3 . Raytheon up 4 1 2 . We should mention boeing, gaining more than, well, see in the final analysis 5. 2 . It was up m
Here. Good morning to discuss the status of the National Rail network to have 140,000 miles of rail seven class one railroads and thousands of companies to ship products ands Raw Materials also and Intercity Passenger Rail Service operating on 22000 miles of that same network todays first panel president and ceo of amtrak and the executive director of the Development Corporation and the Economic Developers association testifying we will be. The Vice President corporation on behalf of the American Council mr. Randee gordon and the chairman to testify remotely and he didnt jeffries president and ceo association of american railroads and dennis pierce president of the teamsters rail conference. During this covid pandemic. In 1970 the real Passenger Service act was adopted to relieve our railroads on the common carrier to carry passengers. The statue created amtrak and provided real runs can be used by amtrak to offer intercity passenger real service, returns and compensation that are just