Expected to drop 24 year on year. The futures are looking slightly lower, down four points. We are looking at some of the currencies. As david would say in the last hour, the bloomberg dollar index is on track for its worst july in a decade. A more dovish start from the fomc. No big surprises from the fed, but the lower mantra weighing on the dollar. The dollar index is flat, at least for now. Wellussie in his flat as aussieyen is flat as well. We move on to the commodities and the yield story. The question marks around oil were in focus as well towards the end of play yesterday. You saw a reduction in the u. S. By about 10 billion barrels. That gave some support to crude prices and wti, currently flat. Gold is now 5 10 of 1 . The 10 your yield on year, still below 60 basis points. 57 is barely moved, risch. Rishaad yep. Global coronavirus case is approaching 17 million. More than 660,000 people have died now. The states recording 150,000 fatalities. California, florida, and texas post
Being anticompetitive. One thing i will mention is this will be happening virtually, so there is less of a chance of an unscripted moment where someone might be caught off guard that might be particularly revealing. We are expecting the Committee Members to make their Opening Statements and in this order we will hear from amazon ceo jeff bezos, alphabet ceo consumed our andai, apple ceo tim cook, facebook ceo Mark Zuckerberg. Then each of the lawmakers will have five and its to question anyone. There will be safety in numbers. We are expecting this to go for several hours. There might not be a ton of substance given that they can only scratch the surface. Mark zuckerberg will be playing up the threat of china. He has said this before that regulation of big u. S. Tech companies will give Chinese Companies an advantage. Sundar pichai also paying up competition from other search engines, but also search composition on search competition on travel sites. Tim cook will talk about the opport
Who outperforms when it comes to the smallcap. Taylor we tech about the theme of the week, theme of the month. Back into gold and further out of dollar weakness. I heard you ask that really smart question about the dollar a few institutional banks trying to question that idea. That, thatr told you the dollar is for now still the reserve currency, at least in his lifetime. Big picture when we talk about flows, that will be one to watch. Romaine lets bring in linda. We are inthis market right now, at least off some of the record highs of the industry . Is this a market you want to buy and hold or do you become more of a trader in this environment . Linda i dont believe that any of us are particularly any good at being traders. It is an unprecedented time we are living in right now. We still have very high unemployment. We would like to have more belief that the virus is under control. I think powell made that comment to us as well, that the virus is going to decide much of this. Bulls on
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