hearing to order. the purpose of today s hearing is to hear testimony from six witnesses concerning two of the most urgent crises. the ongoing destruction of cities and their daily atrocities committed by russian forces against defenseless ukrainian civilians. we should be concerned about the widening food security crisis that this brutal war by russia is causing for hundreds of millions far beyond eastern europe. before the war began, more than 50 countries were facing acute food shortages due to drought and conflict. today their circumstances are worse. the collapse of exports from ukraine, combined with inflation and higher costs, have caused commodity prices to skyrocket. the total number of people hungry has increased 273 million. millions are at risk of starvation. this crisis is compounded by a second ongoing global crisis, the coping 19 pandemic. triggering complex humanitarian emergencies that threaten stability. while the number of americans hospitalized and dying f
co coping with in the wake of the atlanta shootings. today, a house judiciary subcommittee heard testimony from asian-american lawmakers about the climate of hatred that they, and their constituents, are experiencing. the committee also heard from texas congressman, chip roy. the ranking republican who used part of his time to recall the good, old days, when lynchings in texas were a-okay. there s old sayings in texas about, you know, find the rope in texas and get a tall-oak tree. we take justice very seriously, and we ought to do that. round up the bad guys. so, to a community living in fear of random acts of violence, during a hearing to address that violence and discrimination. congressman roy, there, seems to have praised the idea of mobs of people lynching other people from trees. and just as as americans of asian desent are being slandered with false allegations of loyalty to a foreign country, racist allegations that have, frankly, a long history in this country
Events at politics and prose and it is such a privilege to welcome senator Elizabeth Warren back to sixth and i. Politics and prose is committed to Creative Community through productive and meaningful dialogue, and nowhere is that more evident than in our Lasting Partnership with sixth and i. In the past year we have hosted megan kelley, thomas frieden, trevor noah, senator cory booker together just to name a few. We strive to bring you the finest writers and the finest thinkers, and we are honored tonight to those senator Elizabeth Warren for her new book this fight is our fight. Elizabeth warren has committed her life to working and fighting, for working families and for the middle class. In the aftermath of 2008 financial crisis, senator warren served as chair of the Congressional Oversight Panel for the troubled asset relief program. Her efforts to protect taxpayers, hold wall street accountable and ensure top oversight of the bush and obama administrations, won praise from both si
Intraday and then it fell. David 11 14 a. M. Julie wow. You are keeping track. That has paired into earlier gains a lot of that has to do with what is happening with oil prices. If you look at s p 500 oil, you will see intraday we do not have exact times on your, david, but youize 11 14, can see the trajectory of stocks. We had the intraday low in a pretty short time over the course of the day. Indeed, it is Energy Stocks pulling back the most. You have Energy Shares down the most by 3 . Materials are dragging although it looks like a mixed picture overall. Energy, however, is not mixed whatsoever. This looks at the daily returns of the individual members of the s p energy index. You can see none of them are higher today. A broadbased selloff. Interms of individual stocks that group, we have a diverse group. Murphy oil, transocean, energy, transocean falling as it is buying out a stake in a joint venture. That is adding to a negative tone here. Obviously oil is a big part of the story.
Of japan was fully consulted on this and as a result check out currencies. The yen jumping to a threeweek high on that news. Lets take a look at europe. This point the european markets are in the red. Germany down. The cac in france is down 1. 25 . The ftse in london off by half a percent. Take a look at crude oil this morning. This was a huge story yesterday. Wti dipped below 40 a barrel. Ended up closing at 40. 06. This morning up about 26 cents to 41. 31. This is a key number here. This has been the point where the s p has kind of linked back up with crude oil as crude oil comes down so have stocks at least at these levels. Well continue to keep a close eye on this today. All right. Now to the day ahead on the street. Sit another busy one. You will see the june personal income and spending numbers. Both are expected to rise. Roughly in line with mays number. Also out today julys auto sales. Dallas fed president rob kaplan speaking at a conference in beijing china in the next hour. I