[ gavel ] and i guess the the subcommittee will come to order. Without objection the chairs authorized to declare recess of the subcommittee at any time without objection. Members of the full committee not on the subcommittee authorized to participate in todays hearing. So long as they participate virtually and will be recognized after members of the subcommittee are recognized. Members who are participating via webex platform reminded to keep video function on at all times even if not recognized by the chair. Members participated by webex platform also reminded they are responsible for muting and unmuting themselves. And they should mute themselves both before and after the time that they are allotted. But in addition to that, consistent with regulations, the company and accompanies each res 965, staff will also be muting members when they are not recognized. Members are reminded that all house rules relating to order in decorum apply to this hybrid hearing. In addition, the chair inf
New york city, blake burman with the latest from the president and Lauren Simonetti is watching the markets. Lets kick it off with kristina. Reporter ive been all across the city. Now we stopped in the diamond district. Iconic, on west 47th. What we can see pretty much sound looks like a construction site as many businesses with the exception of this one here are clearing out all of their goods, boarding it up with wood. This comes at a time when new york city has enact ad curfew, a much, much earlier curfew 8 00 p. M. Tonight. Many shops, trader joes are closing much earlier. Signs are closing at five to 6 00 p. M. So store clerks get home as safely as well. You have almost 2,000 arrests just over the past five days in new york, primarily a lot of these looters, just over the past 48 hours, targeting stores all across the city. 700 arrests just within the last 24 hours alone. One store, rolex, talking about the diamond district, got to mention rolex, they lost roughly almost 2 1 2 Mil
Weve given all of that back and then some. Yesterday, the market was down by 1,861 a decline of 2,443 points. All of that over the previous sessions we had given back futures are up by 626. Normally, thats the type of move that would make you sit up and say wow s p indicated up 69 points nasdaq up 192. Treasury yields have been moving all over the place as well we did see the 10year on monday up 0. 9 . Higher than that this morning, up 0. 2 on trading yesterday. Accelerated on the day everybody was on tender hooks to watch what would be happening here are some highlights of what is on tap car line, former citigroup ceo, former white house chief of staff, founder and chairman of Interactive Brokers joining us there. A lot going on there todays top story, uk gdp following 20. 4 in april the largest monthly fall on record as the pandemic lockdowns have battered the economy. Londons ftse down more than 18 , thats just year to date. Has liesman heard yesterday, the annual kansas fed symposi
First week on the aflac chairman and ceo in a few minutes. We want to get the vaccine plan from the president , so lets look at the s p 500. It is now down 2 . 2 . It is on the heels of this News Conference being held at the administrations behest. The dollar index well above 100, and changed right now, and crude oil with a 29 handle in the u. S. Lets get a deeper dive into safe Market Action with taylor riggs. Taylor we want to start on tech stocks because there has been a few different actions that have been moving some of the chipmakers we are looking at. Otherwise noon as data came out overnight saying that there Second Quarter was going to see a 15 drop in revenue, much worse than the First Quarter. That goes against what we thought because we heard Companies Like apple saying they were starting to see demand turnaround. If you are seeing some suppliers like foxconn saying that is not the case, it is putting pressure on Companies Like apple. Intel and qualcomm are lower after the
Front. Showing millions of jobs lost. Well see more with the jobless claim number and tomorrow with the number from the government dow looks to be up 260 s p up by 34 and nasdaq up by 118. We are getting competing views jobless numbers we know are bad. Then you see oil prices that tell you where things may be headed prices may be up again gain of 7. 3 this shows you maybe things are starting to pick up around the globe. Maybe that demand is coming back that may be something to hang your hat on. Andrew thank you we have a huge lineup of guests. Secretary of state mike pompeo will join us to discuss relations with china former ceo of Goldman Sachs about the outlook of the economy and the ceo of paypal and also talking to the ceo of hilton and aflac ceo will join us and our media guru from lion tree hard to think we are going to pack it all in in three tiny hours. That means no screwing around at all today is what i think go for it then. Three hours time for everything. With err going to