Live this hour. Plus records watch, the plus ive got it, carl the dow aiming to erase 2020 losses and the s p heading for the best august since 1986, kelly. Wow and cocacolas restructuring strategies amid plans to streamline the drink portfolio they are setting voluntary job cuts for thousands of its workers. David, it is friday, and kelly, friday and you just sort of think back to what this week has brought us, guys alltime highs, obviously news in sports in the nba, hurricane laura, the rnc and we will hear from what the president said last night tiktok, microsoft, walmart, oracle, you name it, david, but large discussion this morning about how the thing thats going to probably stick with us for the weeks and quarters to come is going to be that historic powell speech and we will have to decide whether this long end is bringing us noise or something more yeah, i mean, im glad kelly is here because im sure she was home studying every word after it took place, as you know, not my area
Crossed, it looked like a different picture. We had a reversal midday we saw stocks give up the ghost and treasury yields surge and 10year yield cross 4. 1. It was the reversal to watch i think it is because mary daly and San Francisco fed says there is more work to be done after the cpi number people thought it is not over yet. It aint over. A long slog here. The lady hasnt sung. You cant say which lady right on the squawk planner. More inflation data. Ppi is due at 8 30 a. M poll polled forecasters expect a tick higher of. 2 . This comes after the cpi data showing prices rose 3. 2 year on year which is below the forecast the Supreme Court blocked for now a multibillion dollar deal by Purdue Pharma from the opioid crisis. They will look to release the claims by nondebtors against nondebtor parties without the consent. The department of justice argued the release of civil liability is not authorized by the bankruptcy code. Purdue is optimistic the Supreme Court will agree which the cas
Engardio. And a Founding Member with me it is fitting we are closing it together as well. Well be joined by supervisor safai shortly. Here he is. Make his grand late entrance. Todays meeting is extremely special we are joind and i think it might be according to commissioner plumber the second time board of supervisors have official low joined in a joint meeting with Youth Commission. I feel very xoit exclude honored to be at the second historic garthing. And i want to welcome this joint session with the Youth Commissions Civic Engagement committee and would like to introduce the 5 members all of whom are present today. We have the committee cochairs. Marine loftus and steven hum. The cochair. Approximate we have members Vanessa Pimentel, utting and e wan plumber. I would like to welcome board of education president. Kevin bog us. We were going to seat you feel fro to stay there if you want to stay there. Okay. And bullly sit in the box so you have microphones and whenever you would lik
You have had two triple digit down days. I am curious to see if we are going to see twitter trump or teleprompter trump. David all of the reporting down here is going to be teleprompter. By words are being written Stephan Miller who tend to be a little bit of a hothead. Inx heres what we stack up the markets. The s p coming off its worst selloff since august and continuing today s p futures down by another 12 points. It is now a story of broader dollar weakness. Strong gdp out of europe. Yields taking a break pretty much unchanged. There was some buying in the market. Hit downtinuing to get 5. 8 . I want to highlight some movers as well. A lot of action happening in the market. Metlife hasnt set aside enough money to pay annuity holders. Stock continuing to get hit premarket. There is going to be a buyout for this company. That is no longer true. That stock getting hammered. That stock now unchanged. Take. Time for first those equityry is markets fairly shaken by the selloff in bonds.
Testified on capitol hill recently regarding budgets for 2017 and 2018. Modernization and cybersecurity efforts from the Top Priorities for all these agencies. This House Administration Committee Hearing is about an hour and a half. I now call to order the committee on House Administration for the purpose of starting todays hearing on the operations and priorities of the house officers and legislative branch entities. Aquorum is present so we may proceed. I would like to start off by thanking my colleagues and our witnesses for your attendance today. I know how busy everyone is and we appreciate your flexibility and willingness to appear this afternoon. I would also like to thank our witnesses for hard work and assistance during new member and a smooth transition for staff into the 115th congress and especially for the incredible amount of work that went into securing and hosting the president ial inauguration. We know many months of preparation went into insuring our government carrie