Welcome to bloomberg surveillance. I am Francine Lacqua in london. We are also getting a cut of an Oil Demand Forecast amid the darkening of the travel situation. If we go straight to the markets and have a look at those, the story really is with these stocks, so yesterday, the stocks had quite a big move, and we are trying to figure out exactly what that means for the earnings forecast for the future. What else i am looking at is crude oil, as you see, 42. 56, after the iaea report, and the litmus test, in terms of risk appetite, gold at 1930. Are signs of faltering after stimulus talks in washington remain at deadlock. Now, lets get straight to the bloomberg first word news. Reporter hi, francine. A warning that a failure to control the pandemic is undermining the economic recovery. The boston fed president says americas over eagerness to reopen has backfired. He is concerned many temporary layoffs may become permanent job losses. Rosengren my thought is some kind of stimulus is goin
By mail, theyoted sold handle 450 million, there is no question if everybody voted by mail, they would be fine with that. The real question isnt the Postal Service, it will go to the Elections Office or the people voting, are the ballots accurate. Of them getne third thrown out so i think the post office is getting caught up in the political debate and that is the last place the post office should be because there are no problems there. Dan i think one of the reasons that so many of our members are concerned is because just as this debate was beginning to get more visibility, the president said last week he thought additional money for the post office in the covid relief package should be withheld, because it would prevent mailin voting from taking place on the scale that many have called for. Now, you and a senator Mitch Mcconnell have made it clear that you both believe it should be in the budget, so help us some or establish clarity on what the president was trying to say. Rep. Mcca
Committee will come to order. Next up senator vuroso. I appreciated your comments, Opening Statements specifically related to nord stream 2 and i wanted to ask a bit more about that because we know Energy Security is essential to National Security. Nord stream 2 threatens european Energy Security, increases russian monopoly over the region. To me this pipeline is a russian trap. Strongly support your recent announcement aimed at stopping this dangerous pipeline. Congress is quickly working to provide the administration with additional tools to prevent nord stream 2 from ever being completed. Both the senate and house passed their own versions of the Defense Authorization act. Could you talk about the administrations commitment to opposing the nord stream 2 pipeline and applying sanctions against those companies aiding in the completion of this russian trap . The ironny is this administration is accused of not being tough on russia. This pipeline created enormous leverage for russia not
Appreciate your comments, Opening Statements related to Nordstrom Team 2. I want to ask about that. We know it security, nordstrom 2 threatens European Energy security, increases russian monopoly over the region. This pipeline is a russian trap, strongly support the recent announcement aimed at stopping this dangerous pipeline. Congress is working to provide the administration with additional tools to prevent it from being completed. The last few weeks both the senate and house passed their own versions of the National Defense authorization act with sanctions. Could you talk about the administrations commitment to opposing the pipeline and applying sanctions against those companies aiding in the completion of this russian trap . Donald trump took it on that it was a threat, created enormous leverage for russia, and ukraine as well. We had good support from capitol hill and legislation that was appropriate to delay the project, we are prepared to use those tools. There were diplomatic c
That because we know Energy Security is essential to National Security. Nord stream 2 threatens european Energy Security, increases russian monopoly over the region. To me this pipeline is a russian trap. Strongly support your recent announcement aimed at stopping this dangerous pipeline. Congress is quickly working to provide the administration with additional tools to prevent nord stream 2 from ever being completed. Both the senate and house passed their own versions of the Defense Authorization act. Could you talk about the administrations commitment to opposing the nord stream 2 pipeline and applying sanctions against those companies aiding in the completion of this russian trap . The ironny is this administration is accused of not being tough on russia. This pipeline created enormous leverage for russia not only against germany and broader europe but ukraine as well. And so we set about in good sport on capitol hill and we got legislation that was appropriate to and now have delay