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The subcommittee will come to order. I ask unanimous consent the chair can declare a recess at any time. Without objection so ordered. I want to remind members of key regulations on rules and then members must also continue to use the video function and then to experience connectivity issues or other technical problems. And then let us know as soon as possible so you can receive assistance. And you can call the committees for a technical assistance. Members may also not participate remotely any other proceeding occurring simultaneously. It is the responsibility of each member and mute your microphone prior to speaking. If i hear any inadvertent background noise lastly please mute your microphone. All standard rules apply. We will have a good faith effort to address the connectivity issues and participate fully members will have five minutes to ask questions to insert a document into the record, please have the staff email it. This hearing is also live streamed for the public to view an ....
Merely dealing with partisan gridlock the dow inched up two points and the nasdaq jumped 1. 12 , this i what we have to think about. Six months ago it looked like the world was ending everyone in congress had a reason to reach a compromise both sides have an incentive to be more stubborn they get to blame each other in the runup to an election but as Speaker Pelosi told me this morning, the deal is still on the table. I took her full statement as a sign getting a deal done could be extremely difficult im saying this purely in micah pasty as your investing coach without a stimulus deal, there will be a ton of private company losers and could be a much worse place a year from now if we get a vaccine by the end of the year too many struggling Small Businesses cant wait that long. Now if you got a white collar job you can do from home you may not realize how bad it can be. The ....
Consumer stocks like kimberlyclark and chi pochi pot lay showing signs of strength. Well take a deep dive on the debate over how and when to reopen the economy well speak to the mayor of las vegas, who has called the a stayathome order in nevada total insanity and floridas Lieutenant Governor and well speak with cme ceo terry duffy about the wild swings in the oil market those negative prices. And billionaire harold hamms call for an investigation of crude futures trading. Lets drill down on the big stories we are watching. 59 minutes left of trade mike santoli tracking the market rebound. Phil lebeau has fresh comments from deltas ceo on the back of earnings and meg tirrell with the latest on the race for a vaccine. Mike, start us off with the market and the rebound were seeing today yeah, sara. Down about 5 in the s p 500 from fridays close through two days of trading, getting back in a very gentle way i will say today, kin ....
In mystery name . We get a minneapolis appearance from pete. Look forward to that but beginning with this. Breaking news in retail, the gap scrapping plans to spin off old navy shares jumping on the news. Lets get to Courtney Reagan with the details. Gap, inc, reversing the decision to spin out old navy into a publicly traded company, increasing guidance for the full year and giving leadership updates and a surprise announcement in the last hours shares popping on the news, they were behind be pulled become a bit. But they nounsed the gap pick art feng was out the separation was first announced at the end of february 2019 interim ceo Robert Fisher said while the object he was of the separation remain relevant our board of directors concluded the cost and complexity of splitting into two quips combined with softer Busin ....