Welcome to squawk alley. Im jon fortt. David faber and Morgan Brennan are here a lot to get to today, including winners and losers from last nights Golden Globes. Well begin with todays market drop, though stocks are off the lows, actually at the highs of the session. Bob pisani has whats driving todays down swing and maybe swing a little back up more than a little. We almost went positive a few moments ago on the s p 500 heres the intraday. This is similar to friday. The low print but v was there at the open friday we tended to have faded into the middle of the day, looked more like that. Well see if the same pattern happens. For the moment, we touch even going on the s p ill show you the sectors here cyclicals tend to be most affected energy on the upside today mostly the big integrated companies that are up, shale down, e banks down but off the lows same with transports not a good day for the transports overall retail is down, but again, off the lows thats the general pattern you se
The Social Security administration, National Archives, and state department testify on post Pandemic Services backlogs before a House Oversight and accountability subcommittee. Live coverage on cspan three. 22 more visas now than at the same period during prepandemic 2019. Despite our challenges, and thanks to the hard work of our teams in the field and domestically. We are currently issuing more u. S. Passports and visas than any other time in our history. Ultimately, this is great news for the u. S. Economy, businesses, family reunifications, and people to people ties. And we plan to continue our aggressive rebuilding efforts to be able to meet the demand today and into the future while rigorously safeguarding our National Security. We are striving to build a more agile and optimize bureau of affairs to be able to serve your constituents. To do so we are investigating the ante in Human Resources we need to ensure federal coverage experience. New parents overseas can now electronicall
Officials from the Social Security administration, National Archives and state department testified about federal services backlogs due to the covid19 pandemic. Modernization efforts and staffing issues. The House Oversight and accountability subcommittee hearing is about three hours. The subcommittee on Government Operations and federal workforce will come to order and we will welcome everybody to this board hearing. Without objection the chair may declare recess at any time. I recognize myself forthe purpose of making an open statement. Before we go to the floor id like to if i can acknowledge that even formal settings like this we recognize that its important to remember we are all people. And we have families and understand that some of the people who do Business Today have been visited by some hard luck in their life with a loved one and without saying anything in particular. Perhaps many of us more than one or two are affected and its my wishes for them and their family in these
Officials from the Social Security administration, National Archives and state department testified about federal services backlogs due to the covid19 pandemic. Modernization efforts and staffing issues. The House Oversight and accountability subcommittee hearing is about three hours. The subcommittee on Government Operations and federal workforce will come to order and we will welcome everybody to this board hearing. Without objection the chair may declare recess at any time. I recognize myself forthe purpose of making an open statement. Before we go to the floor id like to if i can acknowledge that even formal settings like this we recognize that its important to remember we are all people. And we have families and understand that some of the people who do Business Today have been visited by some hard luck in their life with a loved one and without saying anything in particular. Perhaps many of us more than one or two are affected and its my wishes for them and their family in these
Representatives from the Social Security administration, the National Archives and state department highlighting the pileup, including increase in demand for passports. The subcommittee on Government Operations and federal workforce will come to order and we will welcome everybody good afternoon. The subcommittee on Government Operations and the adderall workforce will come to order and we would welcome everybody to this important hearing. The chair made it clear, recess any time. I recognize myself for the purpose of making an open statement. Before we go too far, i would like to, if i can, acknowledge that even formal settings like this, we recognize that it is important to remember that we are all people and that we have families. I understand that some of the people have been visited by some hard luck in their life with a loved one and i wanted to, without saying anything in particular to let those no perhaps many of us may be affected but that it is my wishes for them and their fa