The headline number, 57. 5, down from 59. 3. This is a very elevated number by historical standards still, but there are signs of some weakness creeping into those figures. It was unlikely they would remain as high as they did. The survey number was 58. We come through with a headline number of 57. 5. Prices paid a little light as well. The employment number has dropped quite significantly. This may be something you want to Pay Attention to. Remember, we are waiting for the payrolls number friday. 48. 4 is where we are coming through their. Construction spending month on month, 1. 3 . Lets break it all down. Lets get some details. Mike mckee come over to you. Michael you gave us most of the details there that matter, especially that employment number. That has been concerning people in the markets. We have seen a slowdown in the economy reflected in the topdown numbers, although manufacturing has been the source of strength in most economies around the world since the depth of the covi
3, 2, 1. This hearing will now come to order. Is in a hybrid format and the hearing room has been configured to maintain the recommended six foot social distancing between senators, witnesses and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. , a those joining remotely few videoconferencing reminders which you should be familiar with at this point. Once you start speaking, there will be a slight delay before your display on the screen. To minimize background noise, click the mute button until it is returned to speak or ask questions. Issue,e is a technology we will move to the next senator until it is resolved. I remind senators and our witnesses the fiveminute clock still applies. Those remote should have on your screen one of the boxes labeled clock which will show how much time is remaining. Weve had some trouble getting those boxes to everyone screen or at least getting everybody to be able to find them and follow them. We are going
Investors are shrugging that off as stocks look to rally at the open. One name that may not rally is zoom. Shares of zoom are sinking yeah, in the premarket, work from home stock taking a hit from a rising free user base and increasing cloud costs and we have vaccine optimism, moderna and pfizer filing for emergency use and Vice President pence says vaccine rollout expected to begin in two weeks carl all right jim, i guess the question of the morning is whether that rotation, that worked historically well in the month of november, still applies. I think were running out of gas in terms of the oil and gas and focusing on exxon. Stock may not go down, giving the dividend, it says, look, were at wits end and the big Exploration Development period for exxon, market leader, u. S. Leader, is i think now over. We are following were following europe and japan and i think that we forget that you come in today, and you look for all sorts of reasons why were up and up strongly except we dont look
Quorum be dispensed with. The presiding officer without objection. Mr. Schumer well, mr. President , for more than a year and a half, leader mcconnell and Senate Republicans have refused to take action on the housepassed for the people act. At a time when our democracy is under siege in so many ways, the for the people act is a bold proposal that will restore Peoples Trust in our democratic system, a trust that is fading. It is under it is for the people. In order to make a more perfect union. It would shore up our elections from threats from abroad. Thats something we have just recently read more and more about. Why arent we doing more on that . In fact, when senator van hollen a few days ago put on the floor the an act u. C. Of an act that would say russia should have sanctions imposed on it if they interfere with our elections, the other side blocked it. I hope theyre not following Donald Trumps obeisance to russia and his view that putins just okay. It would also dismantle systemat
Have Edward Lawrence and in washington. Reporter they are scheduled to talk about right now. They usually talk about an hour on these phone calls. There is very slim chance of getting a relief package to help americans by election day. President donald trump said this morning it is political. And House Speaker nancy pelosi does not want to help the economy because that would help the president win. His economic advisors say the House Speaker packed her package with a lot of stuff unrelated to the coronavirus. There is a number of political and idealogical points in that have nothing to do with covid and we dont want to go that direction. If it is targeted right, absolutely. It is not it is not going to work. Reporter even if a deal could be reached the president said he would go above 2. 2 trillion, still reaching republican senators for their vote might be a challenge. The president says he would lean on Senate Majority leader Mitch Mcconnell to get the votes. It might be a hard sell