Good wednesday morning im Caro Quintanilla with jon fortt and Julia Boorstin with us dow down 800, worst drop since about june 11th, on covid worries in the europe and United States, lockdown worries in france and germany oil is down about 6 vix getting closer to 40 were monitoring the ceos of twitter, facebook as they testify on section 230 well begin with dominic chu on more on what is driving the downswing. A lot of narrative around the rising covid cases, not just in the United States but europe as well markets may be taking their cues from whats happening in europe. Theyre talking about wider spread lockdowns in germany and france and whats if it happens here in the United States. Thats playing out in the markets right now. For the s p 500 specifically, below the 3300 mark, that is below both the 50day average price and the 100day average price for those indices, so many traders looking for technical or chart pattern levels as they look at trades today the s p 500, this little rol
Climbing and nasdaq pole vaulting 2. 26 september has still been ugly. Ive been warning you that this is historically the worst month of the year. Ever since august ended, complete with a nasty tenday close and thats precisely what we got but now that september is almost over, lets focus on the future meaning next weeks game plan. It starts on monday when we get results from the mighty four industries which dominate the rv and motor home industry. When the pandemic first hit, ford sold off hard as investors figured wed have a normal recession and rv sales get slaughtered. Sure enough, we have a slowdown and mass unemployment and an incredible boom in the rv business because these things represent one of the only safe way to go on vacation. Since then, thor stock soared but tends to pull back every time people get excited about a potential vaccine. Lie i can th i bet rvs stay longer than you might expect tuesday we hear from companies that can potentially deliver upside surprises that m
Ronen absent. Safai absent. We have corium. Thank you madam clerk. Do you have any announcements . Gentlemyes, i would like to announcement about Public Comment. Please proceed. Public comment will be available for each item via telephone by calling 8882045987 and the access code is on the screen. Dial 10 to speak. Each call will be allowed 2 minutes. Calls will be taken in the order which they are received. Best practices are to speak slowly, clearly, and turn down the volume of anything around you. That completes my announcement. Thank you, could use please read the next item. Sorry, this is commissioner ronen. I can sort of hear you. Did you hear me when i said i was here. Now we can hear you, see you, and you are counted present. Good morning commissioner ronen. I think were just missing commissioner safai. With that, could use please read the second item madam clerk. Yes, item two, chairs report. This is an information item. Good morning chair peskin, vice chair mandelman and comm
Mail, Committee Members asked witnesses about mr. Dejoys ownership of a company that contracted its services to the usps. The chair would ask without objection that ms. Debbie wassermanschultz i got it right here. Ms. Cooper and representative mary gay scanlon beor waived on the committee. Without objection, it is so ordered. I want to welcome everyone to s our hearings on recent developments regarding the Postal Service and i now recognize myself for an Opening Statement and i will recognize the Ranking Member for his Opening Statement. I have agreed is the chairwoman on . Does the chairwoman wish to have an Opening Statement . Ill recognize here with your permission after myself. O our colleague ms. Lawrence is going to issue have an Opening Statement. I will recognize if somebodyv on your side wants to have additional okay. That would be fine. The cr you justow let me know. Okay. Theit s Postal Service is the crowned jewel of our federal government. It emplo serves every household b
Alternative to the wires. That is still being considered within the station itself, within the transit center, simply because it helps to preclude people touching active waters or throwing items on to active wires. So that is instructing him something being considered in the united states. With that, if there are questions, i would love to answer it. I think you got a good of information. Seeing no questions for you, let me concur with you as to the sfmtas transparency and candor. Were all in it together and lets use this opportunity as best we can. With that, are there any members of the public that would like to comment on this now over hour discussed item . Okay, before we take questions, this is a reminder that the public caller call in line is 18882045987, access code is 2858465. You can press 10 to comment. With that, were going to check for comments now. Thank you ms. Milton. You have four questions remainingful remaining. First caller please. My pronouns are she her. Its a good