Its first threeday decline since early march. I wanted to focus on that. Month since 1987 in the month of april. Abigail something that can be so tricky, we have that huge decline down, a bear market, and then a rebound rally. Many thinking it is a bear market reflex rally. Not just these three down days, the worst since march 24. In the rally we have had recently, we are in the worst stretch, the longest stretch. When these turns happen, it is subtle. On top of these three down days is the fact we are headed to the thirddown week in a row. Last week and the week before, two down weeks. Inflection points and what can be a volatile sideways range is what we are setting up for this year given the uncertainty out there. Right now, there are some signals that we may be heading back down toward this years low. David thank you to Abigail Doolittle. For that report on markets do little for that report on markets. Abigail doolittle for that report on markets. We welcome libby control, head of
To talk about the ongoing efforts to develop a vaccine. Join the conversation tonight 8 00 eastern on cspan. Next remarks from former fda commissioner Mark Mcclellan on the Coronavirus Response. He spoke at a Duke University Virtual Event for half an hour. The room is open, thank you for joining us. Welcome to the latest Duke University media briefing. Bem Greg Phillips and i will monitoring this. Today we are discussing what the federal government, states and cities must do to reopen safely. Thanks to those reporters who submitted questions. People can ask questions by the q and a window. With me as dr. Mark mcclellan, physician and economist from the center for health policy. He was previously commissioner of the u. S. Food and drug administration. Welcome. Dr. Mcclellan thank you for setting this up. Thanks for being with us. We will get started. You coauthored a fourphase Coronavirus Response plan. What elements of states have got to have in place to begin . We are moving from phas
Republican party like weve never had before. We didnt lose one republican vote and and 3 democrats voted for us. This was just an excuse. You are the ones obstructing justice. You are the ones bringing pain and suffering to our republic for your own selfish personal political and partisan gain. Its cheapened up, its exactly what our Founding Fathers didnt want and they said it could happen and its happening. Maria yeah, historic night last, joining the conversation from new york, fox business dagen mcdowell, republican pollster Kristin Anderson is here and former wall street journal editor stephen moore. It was a historic night last night, dagen, i was able to watch the proceedings from the gallery last night and it was something to see, the third president in our history to get impeached. Dagen Andy Mccarthy writes in the New York Post that this count will likely pick up because theres a new bar, a lower bar for impeaching a president not one criminal act alleged in the 2 earlies of a
Slowing Global Growth. There were a couple of officials felt it was a close call. Besides casey, president esther george, and bostons rosengren, appears those two were only dissenters. They were in favor of a rate cut last meeting. Several thought cutting rate would better align the fed fund rate with the yield curve. Officials saw trade tensions easing somewhat last meeting, they still view trade tensions, slowing Global Growth as prominent risks to the outlook. They are monitoring those carefully. They expect to continue to weighing on manufacturing, Business Investment. Theyre watching to see whether that spills into the job market and whether that can hurt consumer spending. Speaking of the job market. There was robust discussion on that. Officials were talking about whether the pace and slowdown of the job market is a sort of a natural occurrence that could relate to full employment or whether it is because there is a loss in momentum. Also on a note, very interestingly, fed Offic
That revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security act back in 2006. At that time the bill did not include alaska. The coastal act we are considering now what establish a Revenue Sharing Program that would include alaska. At the current time our offshore production is pretty minimal