Force sham votes that will not pass and will not answer the anguished cries for help that are coming from so many of our fellow americans. On the other hand, over the weekend and yesterday Speaker Pelosi and i continued on negotiations with the white house on the next phase of covid relief legislation. After a week of stalled talks because republicans could not articulate a position on re hardly anything i believe we are making progress. We came closer together on several issues. However, we remain far apart on a number of issues but were finally moving inthe right direction. Reat the moment, the gap between our two parties in the negotiations is about priorities and about scale. As this huge crisis angles our nation, democrats believe we need a whole strong and vigorous response from the federal government. It will take a lot of resources but if we dont commit those resources now , for sure the cost will only grow in the months to come. Democrats are fighting to meet the needs of a de
Resume on Unemployment Benefits that expired last friday and talks on the on a larger package. Live coverage here on cspan2. The chaplain let us pray. Eternal spirit, to whom we must give an account for all our powers and privileges, guide the members of this body so that they will be faithful stewards of your will. Lord, open their minds and hearts to know and do your bidding, teaching them to rely on your strength and to serve you with honor. Help them to discover in their daily work the joy of a partnership with you. Use them to bring good news to the marginalized, to comfort the brokenhearted, and to announce that captives will be released and the shackled will be freed. May our senators depend upon the power of your prevailing providence for you are the author and finisher of our faith. We pray in your great name. Amen. The president pro tempore please join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for whic
Earnings from continuing operations was just 0. 10. Terrible numbers from certain sectors. Iously, retail search obviously, retail front and center. Market, kind of a mixed bag. Terrible data, yet equities tried to stage a rally earlier. Now futures flipping into more negative territory. Definitely the eurodollar and dollaryen are two to watch today. The yen was significantly higher thats butt all dies all eyes really on retail data later. Lets get some more market moving news from our new york and brussels teams. We want to start in the u. S. , where we are expecting more of that dire economic data. Many nonessential stores are closed. We also get Industrial Production. Michael mckee, International Policy and economics correspondent, joins us now. Michael i will give you guidance for the year, dismal. It is only a question of how bad they are going to be. Retail shrank by 8. 7 in march, when things were just getting started. In april, americans spent all of the time at home, not going
Timing, the pace, the safety of this economic reopening. Right i think that at this point, we know that the v is off the table. The struggle here is whether we have a ushaped recovery or whether we dont have a recovery and i keep coming back to there are two things that can happen you get a vaccine, and youll have a vee you dont get a vaccine and youll have an l and i think on days like today when you see the unemployed numbers, you say to yourself, without a vaccine, this is going to be a very, very long slog, just like what chairman powell said yesterday chairman powell is giving you the straight stuff and this number should not be a surprise to people who listened to him yesterday when you think about a vaccine this week, jim, we have heard promising comments from pfizer and j j today, the novartis ceo saying its likely a second half 2021 story. What do we believe i think its second half 2021 if at all. Its a very, very difficult virus. But you know, that may just mean when you look
So we could really use any of these measures as President Donald Trump said hes not considering a National Lockdown but is limiting nonessential travel on the u. S. And mexico border summer of the one taken with the u. S. Canadian border. Were working with canada and mexico to prevent the spread of the virus across north america very closely you heard what we did yesterday with canada is a joint comprehensive effort in collaboration with our neighbors. To measure and all of those measures that were putting in place will protect the health. A little 3 nations and reduce the incentive for a mr lobel migration that would barely deplete the Health Care Resources needed our people and so we are working very closely with mexico very very closely with. With canada and the relationship has never been better world working for the same toward the same goal. And new york is also taking more aggressive measures asking for all nonessential workers to stay home as cases climb to more than 7000 stati