The presiding officer the senate will come to order. The clerk will read a communication to the senate. The clerk washington, d. C, july 16, 2020. To the senate under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable roy blunt, a senator from the state of missouri, to perform the duties of the chair. Signed chuck grassley, president pro tempore. The presiding officer under the previous order, the Senate Stands adjourned until 3 00 p. M. On monday, 3 00 p. M. On monday, the u. S. House and Senate Return on monday to resume legislative business following their state work period over the fourth of july holiday. The u. S. House considers the 2021 National Defense authorization act with a vote expected as early as 11 30 a. M. Eastern. The senate convenes at 3 p. M. And resume p. M. And resume debate on the nomination of russell pope to be director of the office of management and budget. He has been serving in an acting capacity since
We are tracking the increase and the rate of increase of new cases at the county level. We currently have 130 counties out of the 3100 in the u. S. In that category. This level shows you case positivity by the metros and the number of tests that have been done. This shows the change over time of test positivity and the largest metro where we have concerns. Phoenix, houston, dallas, san antonio, orlando, riverside, california and then to the bottom. This is how we continue to integrate data cases, data on testing and on hospitalization so we can work with the states for comprehensive integrative response. I know many of you would be interested in seeing how high test positivity became. March and april, the top line is new york city metro and you can see it reach over 50 on a series of days for almost two weeks. 50 of the tests were positive for covid19. Under that, you see new jersey and minnesota and a series of individuals. Detroit is the second one. To show you how you look at the st
The markets are focusing on what jay powell said yesterday. The market is also focusing on what we are seeing across the globe. The number of infections being weighed compared to the extra Monetary Policy being put out there. Investors weighing better economic figures against the continued increase in virus cases. In other news, metals advance with copper climbing for the fourth day. Manufacturing and services in china. That adds to a bit of optimism. Lets get straight to the bloomberg first word news with leighann gerrans. China has approved Landmark National security legislation for hong kong at the end of a threeday meeting in beijing for the nations top legislative body. Representativee confirmed the vote. The u. S. Said it is suspending hong kongs special status, making it harder to export sensitive American Technology to the city. German chancellor Angela Merkel is throwing her support behind a radical Recovery Plan for europe. Packages include 750 billion euros of joint debt. Wh
Minority leader Kevin Mccarthy held his Weekly Briefing with reporters to talk about the legislative agenda. He also commented on the recent rhetoric used by House Speaker nancy pelosi to describe republican led efforts on Police Reform. This is 15 minutes. Rep. Mccarthy today marks one month since George Floyds death. Senator tim scott and congressman pete stall very developed and impactful reform to keep our Community Safe with better policing. This should have been a week to show the nation that we could come together to solve problems. Developed an impactful reform. This should have been a week to show the nation that we could come together to solve problems. If you had any doubts that the democrats were never interested in working together to reach a solution, Speaker Pelosi dispelled it yesterday. If you recall, two weeks ago we were in this exact room, and sochl you pushed me to say what my red lines were in the democratic bill. It was jake continuing to ask. But jake actually m
This is boom box the one business show you cant afford to miss more in washington coming up there with. The hard way that is not a luxury item. As some nations have begun to reopen their economies a surge in cope and 19 cases has followed we take a spin around the globe and see which hotspots are seeing a coronavirus comeback plus we analyze how markets have reacted in the wake of the outbreak but could there be a darker horizon ahead and later the u. S. Is no stranger to surging gun sales but how much of the pain demick driven the sector we have so much to get to so lets dive right in. There. And we lead the program with renewed concerns about a 2nd wave of corona virus infections as the World Health Organization reported a Record Number of new cases sunday. Yesterday more than 183000 new cases of quoted were reported to w 2 is really the most you know a single day so far. More than 8800000 cases 7 now been reported to joe and more than 465000 people have lost their lives some countri