Investors are shrugging that off as stocks look to rally at the open. One name that may not rally is zoom. Shares of zoom are sinking yeah, in the premarket, work from home stock taking a hit from a rising free user base and increasing cloud costs and we have vaccine optimism, moderna and pfizer filing for emergency use and Vice President pence says vaccine rollout expected to begin in two weeks carl all right jim, i guess the question of the morning is whether that rotation, that worked historically well in the month of november, still applies. I think were running out of gas in terms of the oil and gas and focusing on exxon. Stock may not go down, giving the dividend, it says, look, were at wits end and the big Exploration Development period for exxon, market leader, u. S. Leader, is i think now over. We are following were following europe and japan and i think that we forget that you come in today, and you look for all sorts of reasons why were up and up strongly except we dont look
The support also highlights problems the delivery of Economic Impact damage from authorized by the cares act. They were designed to ship of americans and get back on their feet quickly. But according to every student estimate, they still not, they can with 12 million in payments. Nearly three months after Congress Passed the cares act. As a result, many vulnerable americans have yet to read see these critical funds. The American People deserve to know how the money is being spent and if our government is doing all that they can to protect them from the coronavirus pandemic. I am deeply troubled by the findings. That the administration is seeking to evade accountability by undermining their oversight efforts. Make no mistake, the administrations refusal to cooperate with the gao is part of a broader effort to undermine evade, and ignore effective oversight during this pandemic. The administration is moved the inspectors general and without basic Information Congress issued an accurate l
Payments were sentenced to dead people. Later members exchanged words of our green facemask during Committee Hearings. Good morning. Today our select committee the hybrid meeting. Some members will appear in person others may fear mostly rated via webex. Since the members are very in person, let me first remind everyone that pursuant to the latest guidance, from the house position, all individuals attending this another hearings in person should be wearing face masks. Now i did not make these rules. Thus the rules. And after this meeting, other authorities, will make a determination as to whether or not we recognize people in the hearings. He did not wear facemasks. Happen to be born and raised as of the 21st next month, 80 years in south carolina. So i know little bit about rules and i know a little bit about things. So im going to consult with them as of today i will share with the authorities. The experiences here today. So thats me also make a few reminders about hybrid hearings ri
Present your oral testimony. Secretary mnuchin thank you very much. Mr. Barr. Let me express my condolences for your loss. Of the committee, i am pleased to join you today to discuss how the Treasury Department and the Federal Reserve are working together to provide liquidity to the credit households,iness, as well as state and municipal governments. We remain committed to making sure every american gets back to possible. Ickly as americas economy continues to recover from the challenges posed by the covid19 pandemic. The jobs report for the month of may best we exceeded expectations with a record gain of 2. 5 million jobs after experts had predicted nearly 8 million lost. Ae Unemployment Rate is still high but we are seeing additional signs the conditions will improve significantly in the third and fourth quarters of this year. Is bluechip report forecasting our gdp will grow by 17 annualized in the Third Quarter and by 9 in the fourth quarter. The u. S. Chamber of commerce reported t
Good morning. I want to welcome everybody to this hearing today. Today, our select subcommittee is a hybrid hearing as some members will appear in person and others may appear remotely via webex. Since members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this and other hearings in person should be wearing face masks. Now, i did not make these rules. Thats the attending physician rules. And after this meeting i will consult with the attending physician and other authorities, and will make a determination as to whether or not we should recognize people in the hearing who do not wear facemasks. I happen to have been born and raised as the 21st of next month, will have spent all 80 of my years in south carolina. So i know a little bit about rules and i know about and mores. So i will consult with them. As of today i will share with the authorities in the attending physician the exper