Starting the quarter with gains. The nasdaq was up more than 1 by an alltime high. S p was up half a percentage point. The dow was up slightly. A decline of about 0. 3 . Burke buckle your seat belts a lot to come. We have been watching what is happening with the futures at this point, all three in the green. The dow up almost 200 points all coming before the big jobs report the last trading day of the week before a long Holiday Weekend for the 4th of july. You could see some activity happening here a quick look at the treasury market youll see right now, the 10year looks like it is yielding 0. 676 . It is that jobs preview people are waiting for to get a sense of what is happening in the economy. Lets bring you the preview maybe not the numbers itself but get ready for them markets in the u. S. Are closed tomorrow in observance of Independence Day today is jobs thursday forecasters expecting an addition of 2. 9 million nonfarm jobs in june Unemployment Rate expected to dr drop calling
Treasury secretary Steve Mnuchin says the administration is working with congress on a spending package for National Coronavirus response. He testified before the house ways and Means Committee on President Trumps 2021 Budget Proposal and was asked about the governments response to the outbreak as well as its Economic Impact. We want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going tome brace here for the next couple of hours. To embrace here for the next couple of hours. Mr. Neal i think we can provide to the first issue so we can get to the chairman. It is of no controversy. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front
[inaudible] we want to be able to take advantage of the opportunity this morning to give the secretary time for the give and take in the dialogue that were going to embrace here for the next couple of hours. I think we can proceed to the first issue so we can get to the chairman. It is of no controversy. No con. So, first, let me call the ways and Means Committee to order. Good morning. Before turning to our hearing this morning. The committees annual budget on views and estimates for fiscal year 2021 in accordance with the requirements of section 301d of the congressional budget act of 1974. Members will find the letter in front of them. Let me thank Ranking Member brady for working with me on this matter so that we are able to submit a consensus document to the Budget Committee that reflects the priorities of the ways and Means Committee as a whole. Without objection, the views and estimates will be considered as read and open for amendment at any point. And if there are no amendment
Regarding anticipated litigation matters. Motion to go back into open session. Second. All in favor. Aye. I make a motion we dont disclose anything we discussed in closed session. So moved. Second. All in favor. Aye. Pledge of allegiance. I pledge allegiance to th e flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Please be advised use of cell phones and Electronic Devices are prohibited at this meeting. Be advised the chair may order remove from the meeting room for any person responsible for the ringing of a cell phone. Please be adviced you have three minutes to make comments unless a shorter period. Item 8. Public comment on items not listed on the agenda. Any Public Comment . Seeing none, Public Comment is closed. Ey item 9. Executive directors report. I am the executive director. My first item. I am very, very pleased moodys upgraded the port Credit Rating from aa3 to a1 in associati
Regarding anticipated litigation matters. Motion to go back into open session. Second. All in favor. Aye. I make a motion we dont disclose anything we discussed in closed session. So moved. Second. All in favor. Aye. Pledge of allegiance. I pledge allegiance to th e flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Please be advised use of cell phones and Electronic Devices are prohibited at this meeting. Be advised the chair may order remove from the meeting room for any person responsible for the ringing of a cell phone. Please be adviced you have three minutes to make comments unless a shorter period. Item 8. Public comment on items not listed on the agenda. Any Public Comment . Seeing none, Public Comment is closed. Ey item 9. Executive directors report. I am the executive director. My first item. I am very, very pleased moodys upgraded the port Credit Rating from aa3 to a1 in associati