The nasdaq on track for a 5th week worth of gains here and the dow is erasing its losses for all the year at its highest level since late february, its also having its bests august since 1984. We turn to the Investment Committee for this we have just been seeing green, green, green for it seems like weeks, if not nonts months at this point it is surprising the markets have marched higher the way they have over the last several months since the pandemic lows its not all surprising all the factors were looking at from the fiscal side, the monetary side and the virus side are lining up in support of equity just think about what happened with chair powell yesterday and the historic announcement he made about departure from the prior inflation targeting regimes to this averaging inflation concept. What does that mean . That means rate will be low, low, low for the foreseeable future we think thats two years from now. That is very support ifr five f valuations then you have this fiscal stimu
That revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security act back in 2006. At that time the bill did not include alaska. The coastal act we are considering now what establish a Revenue Sharing Program that would include alaska. At the current time our offshore production is pretty minimal
We are here this morning for three closely related purposes and first we will examine federal revenues generated from Energy Development on our federal lands, indian lands and federal offshore areas. Secondly, we will explore how that revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security ac
In the Rugby World Cup as they trail the springboks, 6 12 at half time. England prop Kyle Sinckler was taken off in the third minute with a head injury. England fans on the edge of their seats as their team tries to secure their first world cup victory since 2003. And here in tokyo, england fans and local supporters are worried. Eddie joness team down to south africa at half time in the world rugby cup final. The government halts fracking for gas in england until there is evidence the controversial process is safe. President trump ridicules former democratic president ial hopeful, beto orourke, saying his rival quit like a dog. And the travel show explores a hidden city, in the arabian desert, untouched for thousands of years. Thats in half an hour, here on bbc news. Good morning. Its half time in the Rugby World Cup final and england are trailing south africa by six points 12. Its been a tough first half for england who are hoping to win the tournament for the First Time Since 2003. M
Talk to a kiwi who will rabbit in your face. Who talk to a kiwi who will rabbit in yourface. Who are talk to a kiwi who will rabbit in your face. Who are you supporting . Some of the girls over here were ramping up the english. Youre supporting south africa, wont you . I hold a grudge, so yes, not into england, sorry. Maybe next time we we re really england, sorry. Maybe next time we were really hoping for a second half comeback, but it wasnt really going to happen. Are all of your friends . Yes, we are all kiwis. And you all came here at 8am this morning . About half time. Thank you ever so much. I ask if you are going to go on to celebrate but obviously not . Commiserate. I will probably have some more guinness to get over it. Thank you forjoining me. The reaction here, disappointing, as it will be for thousands of fans, right across the country, who are either in pubs orat across the country, who are either in pubs or at home. I am certainly disappointed, but that is the way it goes