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When you get Companies Like jp morgan, wells fargo up 2 , 3 . I pose this question back to liz ann sonders. Talk to me about the health of the consumer. I know that they dont like the extra low rates. , auto loans,s credit card rates at zero, to the banks then get some hope that they could lend to what is a healthy consumer . Liz ann they can still land. The question is the sustainability of the health of the consumer. There were great fears that we inld see a big rolling over consumption. The is probably because of savings cushion. That was maybe not quite accurate given what happened with the complete shutdown in the economy. 19 or so per that has been nearterm. I think that is on the assumption we get a phase four fiscal plan. The concern, during the period receivingloyed were the spending was significantly more in relative terms than the spending of the employed cohort. The move down in savings i dont think lasts in patootie, ....
And make sure that they get exactly what they need. The chair would like to recognize the gentleman from oregon, mister schrader. Is he available . Not seeing or hearing him. The chair recognizes Mister Kennedy. Mister kennedy available . Not in his chair. Then the chair will recognize thegentleman from New Hampshire , miss custer or five minutes of questions. You need to unmute. You. Thank you very much. Thank you madam chair. I appreciate this hearing and i appreciate the opportunity to address you on this important issue. Here in New Hampshire weve had a dramatic increase. Depression, anxiety, trauma and grief as a result of covid and we are struggling as well with changes to the Economic Impact on our Heal ....
Dont think we get any rain. Sunday night into monday point be a better opportunity. It is really warm. 60s and 70s livermore and san jose 75 and 74. Very hot and muggy and dangerous heat for some. More likely the fire danger increases when it is warm. 103 in santa rosa. 108 and livermore. Palo alto 101 and 100 and san jose in the forecast track for today and the higher clouds make it feel muggy and that will continue today and tomorrow temperatures will be significantly above average for this time of year. I mean, really far over to sal now at 5 01 tyler friday. You are still pretty quiet out there. We had some earlier problems that cleared up in the last halfhour and right now we are back to 280 in san jose where traffic has been moving along well. At the bay bridge it is nice as well. We hope to get friday late especially, with this heat. 5 02 and lets get your headlines. The chp searching for driver involved in a highspeed produce in the east bay. It began in the hayward area just a ....
Lot of money when you die, youre doing it wrong according to the author of a new book. Power lunch starts right now we welcome you to power lunch. Stocks lower the dow is down less than 50 points right now 3m and mcdonalds are two of the biggest contributors to that decline. Both reported results this morning. Well have details a bit later in the meantime, bob gets us caught up on whats been happening on the market today. Robert hello, william. Good to see you. We have one third of the s p reporting. Two stories. One is the reopening story is not going that well. The other story is cheer up. The Second Quarter was the bottom which is it . Sherwin williams knocking the ball off everybody is painting their house. The Home Builders are billing it dr horton, great numbers orders were way above expectations then theres the other side, companies saying we are not providing any guida ....
Journalists are involved in medical Decision Making to me is just sort of extraordinary. The American Academy of pediatrics has come out very forcefully that they want schools opened in the fall for sure they have taken the position that lack that withholding further socialization and education is going to have untold harm on children i can tell you personally im not a pediatrician but i certainly would back to america to be a pediatrics in their opinion but ive been hearing constantly from parents of 18 to 15 year olds that the level of distressed depression anxiety fear is so high that im afraid we are change the trajectory of an entire generation by scaring them to death that literally they believe that by going outside they and their family will be destroyed so of course of course you tell that to an 8 year old theyre going to concoct a fantasy where thats their realit ....