Morning, everyone. The committee will come to order. Were here to examine the deferred maintenance needs of the public Land Management agencies. This is a topic i care about. I know each of you certainly, the folks on this committee, have expressed concern. Not just coming into this hearing today, but, really, over the years. When we consider deferred maintenance, we most commonly think of the 12 billion maintenance backlog accrued by the National Park service. We consider that here in the committee at great length and it rightfully continues to attract a great deal of national attention. But somehow and sometimes overlooked in this conversation are the deferred maintenance needs of the other federal Land Management agencies, including the Forest Service, the bureau of Land Management and fish and Wildlife Service. Combined with the park service, these four agencies face a deferred maintenance backlog totalling 19. 4 billion. Thats worthy of repeating. Within these four agencies that g
Test. Captioning performed by vitac with Glacier National park totaling 131 million and yellowstone National Park which we share with wyoming, i think the senators of wyoming say its more than a share, they have most of it in wyoming, that backlog is growing close to 600 million. I wouldnt be surprised if that number perhaps goes up even higher. If left unchecked there will be impacts in our Outdoor Economy, there will be impacts to our gateway communities like gardner, like cook city and like others. Thankfully congress is working together and taking action again with this bipartisan restore our parks act, and im grateful Ranking Member on the subcommittee angus king and i and the rest of the committee are working in a truly bipartisan fashion to put legislation forward that would bring a solution to this problem. I hope we can pass this out of committee soon and ultimately send this to President Trumps desk. But its going to take more than just one to fix this issue. Mr. Cameron, Yel
Our road map does begin with tech stock volatility. Adobe shares are tumbling. Microsoft, though, record highs. Tesla and nvidia, those stocks, at least recently for nvidia, saying its a struggle may be an overstatement, but they certainly have not been going up. The nasdaq 100 pointed to its first backtoback weekly loss since last october. Plus tiktoks owner, bytedance, on track to surpass Metas Facebook as the Worlds Largest social Media Company by sales. And the chamber of commerce suing the s. E. C. Over new Climate Disclosure rules, a lot to unpack there. And were going to begin with the road ahead. In particular, for what has been driving this market for quite some time, and that is namely what we call the Mega Cap Technology companies, a. I. , particularly generative a. I. , and mike, ill turn to you. We just mentioned, of course, nvidia shares, which, yesterday, we discussed. I mean, jim and i, years ago, developed this thing called the key to this market, and it does feel like
Alternates. Il call roll. Director forbes. Here. Director baptiste. Present. Why director lipkin. Why present. Director syed. Present. Director tumlin. Present. Chair gee. Here. Directors we have quorum. Am item 3 is communications. Wield like to note process for the public to comment. Members of the public may comment on the meeting during Public Comment period in person or remotely. The call in line as a courtesy and may be disrupted due to technical difficulties. In person comment will be taken first. Remote comment after. The public call in line is on the agenda and dialing strukdzs should be scrolling at the bottom of the screen on sfgovtv. Are there communications. Next item. Item 4 is board of directors now and old business im not aware of any. Next item. Directors. Item 5 is the executive directors report. Executive directo van de water is here were excited bring in items to you that we have been planning on for over 2 years now. And these will advance the third and final leg o
Ashley thank you, charles. Im ashley webster, stocks are slipping as we kick off the final hour of trade, where we finished the day, the doubt up to snack a 3 day winning streak, falling below 39,000 as you can see, 200 points, the s p, nasdaq on pace for a second day of declines in a row but keep in mind all three major averages remain within striking distance of records, less than one below alltime highs. It is all relative. Rising bond yields putting pressure on stocks, 2 year treasury yield is the highest level in three weeks, 6. 3 basis points, 10 year treasury yield rising for the fourth straight session, 4. 3 as the market digests a wholesale inflation report. Investors in spring their timeline for rate cuts and the potential for a higher scenario. We also have retail sales, the report came in later than expected but at least sales did rebound after a steep decline in january. One retailer thats firing on all cylinders, dicks sportinggoods, stand out retailer on this session, up