Industries association. Sen. Wicker all right, we will begin, and we appreciate people working with us on this partially remote, and partially in person hearing on a very important topic. The covid 19 pandemic has affected the normal operation of every Public Institution in our country. Including, as you can see, the legislative branch. I thank my colleagues and witnesses per for participating in todays hearing, which is the first of many covid19related oversight hearings that this committee will conduct. We will accomplish the business in accordance with the guidelines established by the rules committee, and in consultation with the office of the attending physician. And i want to thank my colleague and Ranking Member, senator cantwell, for her cooperation in this regard, and for all of our staff. The committee today convenes to discuss the state of the Aviation Industry. Witnesses, which are limited in number by the guidance we received from the senate, include nic calio, president a
And i want to thank my colleague and Ranking Member, senator cantwell, for her cooperation in this regard, and for all of our staff. Convenes toe today discuss the state of the Aviation Industry. Witnesses, which are limited in number by the guidance we received from the senate, include nic calio, president and chief executive officer of airlines for america, todd president and chief executive officer of the American Association of airport effectives, eric fanning, president of the chief executive officer of the Aerospace Industries association, and remotely, dr. Hilary godwin, dean of school of Public Health university of washington. No part of the American Economy has escaped the impact of the covid 19 pandemic. The air and transportation sector has suffered a particularly painful blow, one intensified by Global Travel resections and stay at home orders, Domestic Travel has declined over 95 compared to last year. Flying with 12 passengers on average. Half of the u. S. Passenger aircr
Wiped out. Were back to where we were right after the financial metdown. A lot of people are wondering how many arrows are left in the feds quiver. The president is taking Emergency Action of his own. He is already Restricted International travel. Of course for School Systems across the country, comprising now better than 11 million kids, theyre closed and a lot of kids sort of have to, technologywise do their classes on their home computers. I can tell you as a parent of a couple teenagers good luck with that. Meantime the Global Impact is clear, as one market after another sells well off into bear territory. Deirdre bolton following all of that. Bolton, we are jolten. A tough start to the trading day. The fed seemed to make more traders anxious than not. The fed, neil, you know this, basically what the fed has done in credit crisis over seven or eight month period t was done within hours this weekend markets reacted in the first 10 seconds. We dropped on the s p 500. We had a 15 minu
Just 1 these days, 1. 1 higher for the blue chip. Today is a broad based rally compared to yesterday, the s p up 1 as well as the nasdaq and russell. Dom has a rundown we hit the 26,000 mark, a shot of keeping it for the close this time. Remember, it was a year, a little under a year weve seen a 20,000 to 26,000 rally, just 4 between that last big move in 25,000 to 26,000, but still, look at the Drivers Behind it. Theres familiar names we talked about for quite some time with the dow, heavily weighted ones between the 25,000 and 26,000, boeing added 350 points. Caterpillar contributed 90 points, and United Health 66 the biggest weight, General Electric took eight points away, and Goldman Sachs took 36. Between 20,000 and 26,000, similar names. That 6,000 point rally, 1236 points of that was boeing alone. United health group at 323, 3m, 490 points, and the laggard were shares of ibm taking 26 points off, and General Electric at 89. As we talk about 26,000 numbers, these are stocks to wa
Kate upton has gotten involved. Ashton kucher got involved. But kate upton got involved. Lets bring up pictures of Ashton Kutcher for andrew. Kate upton got involved. You didnt see the paper yet . I didnt see the physical version. Uber. Is that what they . Come on. Buber boom. They got in trouble. Did you see the nerve that twitter had a party and they had plastic cups with like i dont know animal house type of thing. I guess. Nobody has any fun. I understand. Welcome back. She had a family reunion. There were some complaints. Congestion. It was your family. No we had a great time. Serve there. Most of them are still there. It wasnt an actual revival. No. They had a good time. We had a lot more to talk about today but we had 30 people there in two houses. That sowns fun. Especially for kids. It was. Movie watching at night. Out on the beach all day. Did anyone say hold this beer while i do this . No. No. You know that one right. Hey, guys watch this. Someone in your family died after s