Disturbing and said it could top 100,000 cases per day. And we are preparing to close the books on what has been a rough first half of the year its included a painful, record breaking sell off followed by a fast, record setting climb back up stocks set therefore for their best quarter in decades. 59 minutes left of the session morgan, we are up a full percent on the s p 500 yeah, were watching that last day of the quarter, last day of the first day my goodness. Coming up, as we wrap up the first half of the year, were going to focus on why not work from home. Twilio stocks up in 2020 well speak with the ceo about the demand for his companys Cloud Services during the pandemic mike is tracking the Market Action kayla has the highlights from fed chair powell and secretary mnuchins testimony on capitol hill and joining us to look ahead to the second half of the year is lori but mike, lets start off with you and a look at the market this is a good illustration of the old say a iing dont sho
Economy. We do think this is going to take some time yields on both sides of the atlantic fall. U. S. Futures suggest the dow will open 500 points lower travel and aviation crowd the stoxx 600 as lufthansa warns of deeper job cuts and unsettled return to work take away shares turn hire as snatching up grubhub. Beating uber to the top seat at the table. A very warm welcome to street signs. It has been a pretty remarkable morning already in the first hour of trade. Weve got a substantial selloff. The stoxx 600 down by 2. 6 it is really a sea of red. Just over a dozen stocks are trading in positive territory. This comes after the Federal Reserve meeting yesterday where they vowed to keep rates near zero through 2022. They forecast about a 6. 5 contraction. When looking at a policy stance and eyeing up some fresh ip infection data and seeing a rise of new cases in the west and deep south concerns of the implications of opening up the economy and measures in terms of infection rates. Renewe
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
Commissioner brackett. Present. Commissioner scott. Here. Vice chair rosales is absent. And chair bustos. Here. And all members of the commission are present. And item 2 is announcements. A, the procedures. Please be advised that a member of the public has up to three minutes to make Public Comments on each agenda item unless the Commission Adopts a shorter period on any item. Viewers online will be instructed to dial 1 888 5578511. And enter the passcode 7500645. Followed by the pound sign. Press the pound sign again to enter as a participant. And again that number is 1 888 5578511. And then enter the access code which is 7500645. Press pound and then pound again to enter as a participant. The members will show up on the screen during each Public Comment section. When you are connected listen to the instructions and when prompted dial 1, and then 0 to be added to the queue to speak. Youll be lined up in the order that you dial 1 and 0. And you will be placed on mute and it will notify
This is 45 minutes. The only introduction i will give to both is first of all, im certainly grateful for your time. This effort was launched a year ago with the support of my personal political mentor and one of my earliest conversations with the doctor i said who among your former colleague should we go about trying to get involved . He gave us three names and two of those three names are johnny ernst and rob johnson. We are grateful, but also i want you to know that you honor the legacy of dr. Colburn by a participation today. Senator ernst, lets start with you. Some opening comments, and senator johnson we will then go to an open and up for questions if we have time. Thank you for joining us. Im so thankful to be here. Senator johnson is a great champion and a wonderful colleague. Im just starting a course. Im so glad you mentioned the senator because he led the way when it came to within our federal government. We want to honor him. He has been an inspiration for so many of us. Her