From new york and across this nation today, any number of themes, but there are two front and center. The Vice President will speak in scranton, pennsylvania before ending the hour and jobless claims well over one million widely expected. All of that devolving into the layoffs here, the layoffs presumed to come and it sets us off for an American Labor economy that must be addressed. With that, the Market Reaction, as well. Jon ferro, the news flow has really been on recently and crescendos this morning into these announcements of job cuts at too Many Companies. Arethan by any standard we in a labor market crisis. There is a ton of work still to come. What we have seen from the Big Companies is they are starting to right size the business. We talked about this we talked about this week ago on the program. Companies are turning around after the shutdown and saying, we have to cut into this new world because we are not returning to normal anytime soon. You highlighted this yesterday, that
Free and fair vote. We are holding this hearing and we engage regularly with social Media Companies because they are best positioned to sound the alarm if and when another external actor attempts to interfere. First, because their technical capacity and security background and allows them to protect malicious activity on their platforms, and make attributions to technical indicators that are available only to the companies themselves. And second, because we cannot have complete confidence that the white house will allow the Intelligence Community to look fully and properly inform congress, if there is a foreign interference, especially if the interference appears to assist the president s reelection. That is a dangerous state of affairs, but nonetheless it reflects the reality and why theres hearing is so important. Witnesses, as you described, a lot has changed. In many ways we are better prepared today than we were four years ago. Each of your companies have taken significant steps a
The head of Cyber Security policy also addressed the recent decision to remove an ad for President Trump that included a nazi symbol. This is two hours. Memberst to thank our and supporting staff for helping possible. Ndays event without objection, the chair recess aty declare any time. Before we talk about merging trends, howerging to address some housekeeping matters. First, todays session will be conducted entirely on an unclassified basis. All participants should refrain from classifying any the committee is conducting this in compliance with House Resolution 965 and a Remote Committee proceeding. It is being broadcast live on the website. Like many of you, i would have prefer to hold this in washington dc but because the covid19 pandemic remains serious and widespread, there proceeding remotely to ensure the safety of our witnesses, members, staff and public. Todays important conversation is essential to our oversight of the intelligence how the Intelligence Committee is keeping t
States to roll back their reopening process. And the move today in part driven by the banks. Goldman sachs, jpmorgan leading the dow lower as the Federal Reserve clamps down on dividends and buybacks amid the pandemic stress are the banks really as strong as they seem plus, the airlines are getting crushed today. Executives will meet with Vice President mike pence as we speak to ask for more aid as travel remains on eyes for most of the country. We will have more on that, kelly. But now over to you tyler, thank you so much the other big name, nike down 6 , almost 7 now after an ugly quarter. They missed estimates by a long shot revenue dropped 38 . Setting off a key debate on wall street we could be in for an earnings season of pain as Companies Struggle to get back to business we will continue to backstop any market pain if the economy remains sluggish or comes to a halt again what will take the wheel Going Forward . Bob pasani and steve diessman to debate the rising cases and the slo
We want your comments on the president s relationship with the military. Our phone lines are open, 202 7488000 if you are active or retired military. For those in the eastern or central time zones, 202 7488001. Matt lauer pacific, mountain or pacific, 202 7488002. Us a text atgive comment on003, or facebook and twitter. A shooting took place outside of a wendys in atlanta, a white Police Officer to a black man. Some of the photos are posted on the atlanta journals website, and this is the front page of the Atlanta Journalconstitution as the situation continues to unfold, and a statement from the mayor of atlanta. Erika shields has been a solid member of the Police Department for two decades and have the deep and abiding love for the people of atlanta. Toef shields has offered immediately step aside as police chief so that the city may move inward with urgency rebuilding the trust so desperately needed throughout our community. That from the mayor of atlanta, as the demonstrations conti