Can see that speeds are down to 7 and 14 miles per hour. Thumbs up though because everybody has been moved out of the way. As we bring in a live look, you can see the backup there. Metering lights came on earlier than usual, 5 23 this morning. So it will be a while before you can getting across the bridge. Developing news in berkeley and emeryville, roads are still closed this morning because of several major water main breaks. Possible overpleasure ri pleasid 11 lines to break. And some streets are still closed because of damage that makes them unsafe. There are crews working over nit overnight. And happening today, a Court Hearing that could lead to uber and lyft shutting down in california. A bay area judge says the San Francisco based companies have to consider their drivers fulltime employees. And both companies are fighting backing. Lauren martinez is live for us at uber headquarters. Reporter uber and lyft are appealing judges order. But if that appeal fails, ubers ceo says they
It did not shy away from staying there. The dollar continues to be weaker at 93. 20. A strong british sterling. 1. 3082. In euro also a little stronger. Crude oil at 42. 20. A rare glimpse into the Research Division at bridgewater. Our next guest overseas a team of over 150 at one of the largest hedge funds. We are in a new era of policy. Kareng us now is karnioltambour of bridgewater has 100 60which billion in institutional investments. World . Isn np3 karen as the world changes, investment need to change with it. Interest rates were the primary driver of fed cycles. The fed lowered and raised Interest Rates, and that was the most important thing to drive the economic cycle. Then we got to the financial crisis, and quantitative easing became the most important lever. But at the end of the day, you can print all you want but the Federal Reserve doesnt have the mandate to figure out who will get the money. A lot of money went to Financial Assets and not the real economy. Andworld is cha
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
Resume on Unemployment Benefits that expired last friday and talks on the on a larger package. Live coverage here on cspan2. The chaplain let us pray. Eternal spirit, to whom we must give an account for all our powers and privileges, guide the members of this body so that they will be faithful stewards of your will. Lord, open their minds and hearts to know and do your bidding, teaching them to rely on your strength and to serve you with honor. Help them to discover in their daily work the joy of a partnership with you. Use them to bring good news to the marginalized, to comfort the brokenhearted, and to announce that captives will be released and the shackled will be freed. May our senators depend upon the power of your prevailing providence for you are the author and finisher of our faith. We pray in your great name. Amen. The president pro tempore please join me in the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for whic
Robots to assist in social distancing well talk to the president of George Mason University about that schools hightech Higher Education plan power lunch starts right now thank you. Lets take a look at where we stand with the markets at this hour the dow and the s p are on track for their first weekly declines in a month its now down for the second week in a row. Down another 92 points today big piece of that, check out apple down again today now down about 4 for the week the stock is still up 90 from its 52week low. Its been a rough slog for apple. The bioteches are weighing os the nasdaq you can see the two themes playing out now as we look to close out the week health care and technology, the underperformers today. Theres only one sector in the green. Its Consumer Discretionary and just by a hair tyler. Thank you. Lets send it over now to kayla for news about the other story that is driving the markets today and that is those rising tensions between United States and china. Kay kayl