800 points at its low as states like texas and florida roll back their reopening plans. The dow and s p now back in negative territory for the month of june. Does this take the vshaped recovery off the table, guy . Hi. Hi. That was a great toss from sarah to fast money. The market had a vshaped recovery, but the economy anything but weve talked for a while now that the Chasm Company the real economy and the stock market continues to widen out, until today at least i think somehow that gap is going to be close. Unfortunately i think its going to be closed by the stock Market Selling off. In terms of what happens today, i think the fact that states seem to be putting the brakes on things is a huge part of it, but dont discount at all the news about facebook i think we can come back in the fall and go back and say on june 25th when verizon started to pull ads from facebook, that was a significant event in the market 27. 90 in the s p 500 is the number i keep coming back to i dont think it
Regulations members are required to leave their cameras on the entire time they are in an official proceeding, even if they step away from the camera. This is an entirely remote hearing and as such the Committee Ruling will be closed and members who choose to sit with their individual devices in the hearing room must wear headphones to avoid feedback echoes and distortion resulting for more than one person in the room on the Software Platform as has been reported by the committees. They also are excited to adhere to social distancing and safe healthcare guidelines including masks, gloves and wiping down their area both before and after their presence in the hearing room. While a roll call is not necessary to establish a quorum, whatever there is an official proceeding with low participation the clerk will call the roll to help make clear who is here at the start of the proceeding. I will ask the clerk to call on the role. Madame clerk. [roll call] [roll call] [roll call] [roll call] [r
Typically this is the time you would see investors plow back into their equity safe havens like tech names. The sectors outperforming our the two that have been hit the hardest so far this year, financials and energy. Financial still off 24 . Energy down 30 year to date. Well asbank index doing regulators rollback some of the rules put in place after the great financial crisis. Banks will no longer have to set aside money when trading derivatives with their affiliates. That frees up capital, and that is always a good thing for banks. Regulators are modifying the volcker rule to allow banks to increase investments in funds. Do not watch not forget to watch for the fed releasing stress test results. Watch apple and disney, apples closing other seven stores in houston after closing 11 last week because of increased virus counts across different states. Disney delaying the opening of disneyland in anaheim indefinitely. It is not the cake and get approval from state officials in time for th
[roll call] [roll call] pursuant to Committee Rule Opening Statements is limited to the chair and Ranking Member and this allows to hear from our witnesses sooner and provides members and adequate time to answer questions. I now trigger myself for an opening statement. Before i deliver the opening remarks i must first acknowledge the recent protests against Police Misconduct in in favor of Racial Equity and justice across the nation. Times are demanding and we address this countrys centuryold challenges and with todays hearing we can be prepared to answer the call to Racial Equity and justice in education. I want to note this hearing marks the committees first fully remote hearing pursuant to House Resolution 965 and accompanying regulations. To date we will examine how covid19 pandemic has directly impacted his state and local government revenue and how projected state and local government shortfalls to further exacerbate educational inequities rooted in a with the inequities rooted a
Up next a confirmation hearing for u. S. Postal service governors and other judicial nominations to the d. C. Superior court. During this meeting members of the committee asked nominees questions concerning the health and safety of postal workers amid the coronavirus pandemic. This morning we will consider two nominees for the governor of the United States Postal Service, don lee moke and william zolers. Well consider three nominees for the judicial system to be associate judges in the superior court of d. C. We do have brief introduction of each. Donald lee moke served as president of the Airline Pilots association and captain with Delta Airlines for 31 years. He also served as an officer in the United States marine corp. Thank you so much for that service. William zolers serves red stone llc, hes the chairman and ceo of yrc until 2011, prior to that served in Senior Leadership positions with rider incorporated and Eastman Kodak company. Mark robins serves in office of general counsel