Chair lowey i will say good morning again. I call this meeting of the committee on appropriations to order. Before we begin, house rules require me to remind you that we have set up an email address to which members could send anything they wish to submit in writing. That email address has been provided to your staff. Our first order of Business Today is consideration of the department of defense appropriations bill for fiscal year 2021. I will not recognize to present the bill. Thank you, madam chairwoman. Before i begin my remarks, i reluctantly have to acknowledge this will be my final Opening Statement before the House Appropriations committee. I have no new revelations to make but for those of you who will remain on this committee, there are a few things i would like to say. Him saying them as someone who is so compulsive, he saved the congressional record on the day he was appointed to this committee after years of efforts, which makes mr. Rogers, my good friend, the only person
Closing at record new high for the second day in a row, with amazon, microsoft, facebook, netflix, we seem to say those names a lot. We have fox Business Team coverage. Edward lawrence in washington, Hillary Vaughn following the Biden Campaign in dunmore pennsylvania. And jeff flock in chicago. Well start with latest from edward. Reporter big news today, two Supreme Court rulings, one for the president , and one against the president. It denied democrats in the house to president s records and tax returns. Decision by chief Justice John Roberts who written, who wrote that, basically the lower courts did not take into the account the separation of branches of government. The subpoenas should meet specific legislative objectives. He added this in the language, quote, the specificity of subpoena request sufficient safeguard of unnecessary intrusion into the office of the president. Now House Speaker nancy pelosi says that she will keep this going in lower courts. There was never any way t
Welcome to todays hearing on support for healthy air travel. Air travel plays a Critical Role in business, commerce, education, travel, and tourism. We take for granted that we can travel great distances by air. That weredestinations once reserved for imagination. Air travel moved from our imagination to a real audi reality that has changed the way we with each other. Our dependence will only continue to grow. Global air travel will nearly double. As with many other industries, the pandemic has dramatically impacted commercial air travel. In the u. S. Alone, Passenger Air travel was down 96 . Worldwide, the air travel industry is projected to use more than lose more than three hunter billion dollars in operating revenues this year. Shiftpple effect of this goes well beyond the airline. Full recovery requires ensuring safety and reestablishing the confidence as we continue to face the risk of covid19. These are positive steps, but are they enough to ensure safety and reestablish trust .
Power lunch starts right now thanks. The s p 500 is pacing for its fourth day in row of gains for the First Time Since back in february lets get over to dom for more on the big movers. Here we are best levels of the day or near that with around 1 gains as you can see. One Industry Group to keep an eye on is the banks. You can see some of those gains as of late youre seeing here kbe, its up roughly 30 in the last 11 trading days stocks on the move include dollar tree after the discount posted better than expected results. Down along with other airlines as it announced plans to reduce expected labor forces. The shares moving up about 5. 5 . Back over do you thank you despite the comeback we have seen with the s p 500 now up 39 from the march lows. Millionaires in america remain skeptical of the market. Wealthy investors betting on a slow and they are hoarding cash a majority of millionaire investors say it will take a year for markets to regain february highs one in four say it could tak
Rights think Government Faces growing criticism over its handling of the crisis. China signals that its attitude towards. Beijing proposes new goals to criminalize sedition secession and subversion in the territory. Of the chinese territory. Of the program u. S. President donald trump says his country will withdraw from an important control treaty notice open skies and justify the move by saying that russia had not been complying own. With the deal which was signed to you decades ago to increase military transparency among 34. 00 countries this will be the 3rd the arms control pacts with the trump was pulled out of since taking office the other 2 were the i. M. F. A Nuclear Treaty with russia on the Nuclear Codes with iran. On the w. s that Washington Bureau chief is alexander of norman welcome alexandra. Put this in context for us how important is this open skies treaty and why does the president want to leave it. Well this treaty has been a very important for stabilizing relations be