Here. Good morning to discuss the status of the National Rail network to have 140,000 miles of rail seven class one railroads and thousands of companies to ship products ands Raw Materials also and Intercity Passenger Rail Service operating on 22000 miles of that same network todays first panel president and ceo of amtrak and the executive director of the Development Corporation and the Economic Developers association testifying we will be. The Vice President corporation on behalf of the American Council mr. Randee gordon and the chairman to testify remotely and he didnt jeffries president and ceo association of american railroads and dennis pierce president of the teamsters rail conference. During this covid pandemic. In 1970 the real Passenger Service act was adopted to relieve our railroads on the common carrier to carry passengers. The statue created amtrak and provided real runs can be used by amtrak to offer intercity passenger real service, returns and compensation that are just
This hearing will come to order. Thank you all for being here, good morning. Today the committee can means to discuss the status of the National Rail network in the country is 140,000 miles of freight rail in class one railroads over 600 freight railroads and thousands of Companies Using braille to ship products and raw materials, we also have an intercity passenger real service amtrak operating on 22000 miles of the same network including over 500 stations. Todays first panel of witnesses will feature mr. William flynn ceo of amtrak and the executive director of the Development Corporation in Montana Development association who will testify remotely. Todays second panel will include mr. Frank Vice President Global Supply chain on behalf of of the council testifying remotely, mr. Randy, the president and ceo of the association, the chairman and National Council testifying remotely in the association of American Railroad and mr. Dennis pierce, president teamsters real conference testify
Good morning, welcome back to squawk box right here on cnbc this morning. Im Andrew Ross Sorkin along with joe kernen and kelly evans. Becky is off today lets show you where futures stand at this hour maybe 12, 15 hours after President Trump returning to the white house. The dow looks like it would open down marginally about 63 points off, nasdaq off about 83 s p 500 off about 15 points. Lets also show you treasury yields as we speak, well show you the ten year yield right now, you are looking at 0. 763. Meanwhile ill pass it over to kelly. Thanks for joining us this morning. And youve got the news on President Trump. And before we get to that, joe, we were just joking about, you know, you and me we could banter and we were in studio and andrew wasnt and now, you know, were all no, you are in studio still im still here. Ive been here since april and i like it here there is no delay. Is that are you wearing orange or that red i think that were in sync sort of yeah, it was an orangey red
It is hip to be square used to be at least. Lets check out u. S. Equity futures. Things are relatively flat and that isa good thing. A bit of a difference after the big swings weve seen. Right now dow futures up about 3, s p 500 up about 2, nasdaq up by 13. Of course this is after a done day for the m down day for the markets yesterday. Treasury yields are something to start paying attention to because we did see a pickup in treasury yields to the highest levels weve seen since june the ten year is yielding 0. 813 . And i know it doesnt seem like a lot, but it is the highest level weve seen in a while and there is so much that rides on that including mortgage pricing which has been a key part of what has been happening in the housing sector, a strong point in the economy so far. Lets get over to washington. Well talk about id call it a soap opera, but really it is a reality show and means a lot to so many millions before nancy pelosi says she is now optimistic that democrats may be abl
Each speaker will be allowed up to three minutes. When you have 30 seconds remaining, you will hear a chime indicating when your time is almost up. When your allotted time is reached, i will indicate that your time is up and take the next person to speak. Best practice is to call from a quiet location, speak clearly and slowly, and mute volume on your computer. I would like to take roll at this time. [roll call] clerk thank you, commissioners. First on your agenda is consideration of items proposed for continuance. Items 1a, b, and c for case numbers 2019000494 dnx, cua, and vnr are proposed for continuance to september 4, 2020. Item 3, case number 2019016388 cua, item 4, case number 2019017022 cua, is proposed for continuance to october 29, 2020. Further, commissioners, under your regular calendar, item 10, case 2019021010 cua at 717 california street, conditional use is requesting a continuance to november 11, 2020, and item 19, is requesting a continuance to october 1, 2020. I have