Good morning. This hearing of the subcommittee on readiness and management will come to order. Subcommittee meets today to receive testimony from undersecretary defense for acquisition and sustainment, ellen lord concerning supply chain integrity fourth apartment of defense in the United States. Since her initial confirmation as the under secretary of defense secretary lord has oversensitive give acquisition reform at the department of defense and i am sure we will talk about some of that today. As the u. S. National armament director she has traveled to see the u. S. Throughout the u. S. And the to see our allies and partners with regards to the development and Manufacturing Activities around the world and unfortunately has seen how reliant the u. S. Defense Industrial Base chain has become particularly as it relates to china. With the rise of china and Great Power Competition and the Global Pandemic the vulnerabilities and gaps in our supply chain particularly as it relates to the Na
Wisconsin protests. World Central Bank Leaders coming together virtually, Federal Reserve chair jay powell speaking at key economic conference and investors closely watching what he has to say. Ahead of the speech, few hours are lower. We are taking a look at decline at start of trading. S p and nasdaq hit record highs again yesterday. This morning dow futures down 88 points. Mornings with maria live right now. Global markets this morning are red across the board. Take a look at european indices, the cac quarante down 31 and the dax index lower by 52. In asia overnight markets mostly lower, worst performer was korea down more than 1 . Top stories that we are watching this morning. Night 3 of the Republican National convention honoring americas bravest, devoting their lives defending our freedom. Since 9 11 ive seen americas heros up close. Some of them saved my life. Service, its more a word to me, its a way of life. Maria meanwhile mike pence touting President Trumps economic success
Jonathan of course, by all means, go on. Dir. Kudlow you had a sermon jonathan with all respect, that was not a sermon. Dir. Kudlow there are other ways to do with these problems. Throwing money at them is not the only answer. You have to create Economic Growth and incentive. We are willing to spend money. Thats not the point. The president has endorsed another round of direct mail checks. He has endorsed that. He has also endorsed continued unemployment assistance. The question is, what is the overall policy to make sure that it makes sense that there are incentives to go back to work . We have a very fullfledged plan to do exactly that. We want to reward people and the businesses they work for to go back to work. We will extend the tpt. That is part of our package. Im not going to negotiate, but that is in the mix. We have retention credit for new jobs, we have benefits for reemployment. We should give existing workers a tremendous boost to income. Even in five months it will be 1200
Filed for initial Unemployment Benefits as the coronavirus slammed the u. S. Economy. A total of 38. 6 Million People have filed since midmarch when lockdowns began all across the country you know if theres any relatively positive news here. Its that firsttime claims have declined for 7 straight weeks. They peaked at 6. 9 million in the final week of march. And while layoffs and furloughs have taken hold of the labor market President Trump is optimistic the economy. Well bounce back nadia romero explains from washington. Its a tale of 2 perspectives economy will recover it will take time clearly the economy is not going to snap back come july jobless claims released thursday showed 2. 4 million americans filed for Unemployment Benefits last week bringing the total nationwide to more than 38 million since midmarch. But the president believes the jobs are only temporarily lost. Thursday touring a ford plant in michigan, heres my mask great. Very much wearing a face mask for parts of his
Have started that means retailers will be open for Curbside Pickup. After all this shelteringinplace yeah kron fours ray harvey standing by live in san jose. With more on what we can expect there good morning well good morning and as you mentioned the hardest hit county out here in santa clara, but right now this morning. Theyre moving into phase 2 so what can you expect from local businesses and means retail shops like the one behind me will be open this morning but for Curbside Pickup only so you cant go inside and you still have to wear a mask when you come to these retail shops. Now weve seen this play out in other counties across the bay area that have already made their way into phase 2 you can call the retail shop in advance in place in order than when you arrive pick it up at the door pay at the door but making sure you still dont go inside. Now the order allows retail establishment. Also those store fronts that allow the manufacturing and warehousing and logistical operations