the archives. there is more that we like. we would like to have. that s january 6 committee member giving an update on the panel subpoena. we ll go why after more than a week trump has not been served and what could be next. also ahead, the new evidence that russia is getting help with drone attacks that are taking out critical infrastructure and ukraine. plus, president biden makes a stop in a battleground state and responds to questions about his support of candidates ahead of the mid terms. good morning. welcome to way too early on this friday. i m jonathan lamire. we re following new developments in the timing of the house select committee subpoena to former president donald trump. last week the panel voted unanimously to sp trump for documents and testimony relating to the january 6th attack. while the subpoena was initially expected earlier this week, the time line has slid. according to politico, trump hired a law firm that will engage with the house select com
Lower. nasdaq 1% lower. we saw big move in yields yesterday. we have the ten year treasury now reaching a 14-year high. more hawkish commentary coming out of the fed officials which hasn t been a good backdrop for investing in stocks. we also had disappointing results out of snap chat yesterday. the weakest growth in five years. the economy traded down 25% in after hours. so not a great setup for today n terms of earnings, we re watching out for american express and verizon later on in the session. so elon musk last night was joking around on twitter with senior kremlin officials. let s set that aside. and in and out note that he also plans to lay off most of twitter s workforce if he becomes owner of the social media giant. tell us more about what we re hearing. yes. so the washington post is reporting that elon musk plans to cut up to 75% of the twitter workforce, taking it from around 7,500 employees to 2,000. so a hefty cut if you think