1. 1747. , 1934. 74. Another busy week for the markets. 189 s p 500 Companies Due to report. Some already reporting today. We also have the fomc Rate Decision on wednesday as well. We welcome margie patel, Wells Fargo Asset Management Holdings Managing director. Characterize this earnings season for us. It has been encouraging. Last week, we have 20 of companies reporting. 80 of those were above expectations, even though many said they were not in the position to predict earnings for the year. Uncertainty, very pleased with the first reports. You to would that cause be a buyer of these companies, or is it more of a relief that we are not seen the bottom fall out of the market . Margie what it tells you is that, with no proposition from most of the fixed income market, stocks really look reasonably year ifve over the next they can raise their earnings. Many of them are in a position to do that. That is what the markets are reflecting. , theyes dont look bad dont look overpriced compared
On theinue to see a bid bond market. We are where we have been for a while now. Trading in a relatively high range. Earlier we got down to the bottom of that range. We are 60 to 75 in terms of the range we are seeing. What have we got coming up . We are going to carry on this conversation regarding the virus as well and what is happening in texas. We are going to be talking to associationscal covid19 task force had. Looking forward to that. I want to pick up on something you were talking about on how to europe is starting to outperform. Metcalfe, have we learned anything right now . Yields lower in the u. S. Bond markets. Europe by 1 . What does that tell you . Michael you might argue that markets have been blind to some of the data we have had. Equitieshe fact that have held in and done exceptionally well over the last few months in spite of what has been and will be the worst economic downturn we have seen, i think that is impressive. What we are learning is liquidity is sufficient.
Television provider. White House Coronavirus Task force members dr. Anthony fauci eat, cdc director dr. Robert redfield, and fda commissioner dr. Steven hahn testified at a Senate Hearing on the governments response to covid19 and reOpening Schools. The panel addressed the recent spike in positive coronavirus cases. Dr. Fauci also warned that the u. S. Could see up to 100,000 new cases a day. Other topics included progress on a covid19 vaccine and news of a new swine for. Mr. Alexander the committee on health, education, labor and pensions will please come to order. First, some administrative matters based on the advice of the attending physician and the sergeant at arms after consulting with the department of health and Human Services and the centers for Disease Control. Individuals are seated 6 feet apart. As a result theres no need for , the public to attend in person. Representatives of the press are working as a pool. In person. Representatives of the press are working as a pool.
Simply based on the long delays that the public has been observing with the work with public works. But we should have an update soon i would imagine. But, yeah, the timeframe i think that theyre reevaluating right now. Theres been many of our smaller projects, however, that were not allowed to proceed during shelterinplace and like neighborhood and traffic on main and the required work by actual work crews working together, they were deemed nonessential. Okay, thank you. Okay. Commissioner safai. Commissioner safai thank you, chair peskin and thank you mr. Tumlin. So i understand the fiscal outlook. Can you talk a little bit more about what some of your adjustments would be if and when and hopefully the cares act passes and theres additional moneys that come down to the transportation agencies, because i know that you have to present the situation based on the funding scenarios that we have. But i also know that the state and the federal government are going to do everything they can
Other topics included progress on a covid19 vaccine and news of a new swine flu. News of a new swine for. Mr. Alexander the committee on health, education, labor and pensions will please come to order. First, some administrative matters based on the advice of the attending physician and the sergeant at arms after consulting with the department of health and Human Services and the centers for Disease Control. Individuals are seated 6 feet apart. As a result theres no need for , the public to attend in person. Representatives of the press are working as a pool. In person. Representatives of the press are working as a pool. The hearing may be watched online and unedited recording will be available on our website www. Health. Sena www. Health. Sena www. Health. Senate. Gov. Some senators are participating by videoconference. Id like to say a word about masks. We may remove our masks and talk into the microphone as long as were 6 feet apart. So thats why my mask is off right now because im