Symbol of hate or whitewashing history . The confederacy actually happened so i dont think anyone benefits from erasing or attempting to erase any part of our history. Debate over massive memorial in georgia. Plus photo finish stunning shots from around the globe, the winners of National Geographics 2015 Photo Contest. Wind and drought are fuelling wildfires in california. More than 20 are burning tonight across that state. Devouring forests and forcing thousands of residents from their homes. The governor has declared state of emergency, and the National Guard has joined thousands of firefighters working day and night. Many struggling to contain one enormous blaze that tripled in size this weekend. The rocky fire in the foothills and canyons of Northern California is proving to be the most destructive of the wild fires scorching the state. It has incinerated nearly 60,000 acres and more than a dozen homes. It continues to burn for a sixth day, threatening thousands of structures forci
The dow jones down nearly a full percent, the nasdaq down. 75 . The s p 500 is rebounding from session lows but we are still in the red. 3 , and lets move on to Oil Commodities getting hammered. Brent crude is slipping below 50 a barrel for the First Time Since january. There is concern that iran will increase supplies and the slowdown in chinese growth. 13. 66 for the last month. Nymex crude is lower on this monday. A quick check of gold gold trading your a fiveyear low. Goldman sachs says prices could drop a low of thousand dollars an ounce. Ride down forlong oil and gold. Checking on how the treasury i want toe trading see yields moving in the same direction. The two year yield has been slowly going up that gap. Many investors and traders believe we are going to see this Interest Rate rise in september. In the currency markets, watch the Commodity Currencies hitting the worst year, hitting the aussie dollar and new zealand dollar. Usurping the also earnings power of companies as we
Me. 13 for the s p. 38 for the nasdaq. Thats. 66 . Russell 2000 down more than 1 . Lets check in with simon at the big board. I mean it is the Energy Stocks that are taking it on the chin here at the moment. That sector down almost 2 trading just above 45 a barrel on crude under a huge amount of pressure. Transocean, southwestern, chesapeake, chevron, many of those are not adjusting correction but arguably in a bear market. Bob pisani is here to talk us through the action. Slower Global Growth in china, slower Global Growth in latin america, particularly brazil. The commodities complex, new lows in exxon, new lows in chevron. Thats why the dow is underperforming the rest of the market. Conocophillips, devon energy, a halfadozen big energy names again at 52week lows. Were seeing some new lows in other commodity stocks. Groups. Ael key with a is at a 52week low. Freeport mcmoran in the copper area also at a 52week low. Another reason that were having a problem is big global companies, th
This is live coverage on cspan3. Sub committee will come to order. After recognizing myself and Ranking Member duetch for five minutes each for Opening Statements. We will then hear from our witnesses and without objection the witnesses prepared statements will be made a part of the record. Members may have five days to insert statements and questions for the record subject to the length limitation and the rules. As prior, we hear that this is your first congressional testimony so well ask you the really tough questions. Kidding, kidding, kidding. The chair now recognizes herself for five minutes. Since our sub committees last hearing on lebanon, much has changed in our by rilateral relationship. The picture in neighboring syria continues to look dire. Isis appears to be on its last legs yet again. But despite these changes and in some cases because of them, many of the same challenges and concerns about lebanon and u. S. Policy remain. As one of my israeli friends put it, lebanon is e
[inaudible conversations] would call the subcommitteeee back toward her and thank everyone for their forbearance. Weve concluded with number Opening Statements. It sure would remind members pursuant to committee was on the Opening Statements will be made part of the record. We do want to thank our witnesses for being here today. Taking time to testify before the subcommittee on this important issue, each witnessss will have the opportunity to give an Opening Statement followed by questions from members. Again, previously mentioned today well hear from mr. Michael holmes, chief by qu executive officer precarious Health Services, the associate commissioner for Medicaid Services from health and Human Services commission in the partner in the hill. And ppreciate you being here today. Mr. Holmes come you are not recognized for five minutes for an Opening Statement, please. Thank you, chairman burgers, Ranking Member green, members om the subcommittee. Rankin the federally qualified Communit