And the fed will get to zero pretty quickly. They are in a nowin situation. Had they not done anything the market would have been disappointed i think stocks are higher a year from today, at the end of the year. I am looking to raise my target i am at 3440 my notice for earn something 172. I think they cut 50 at the next meeting in just two weeks i think thats going to happen and thats where we begin our debate today, what i think is the only one that matters. The coronavirus and whether it was a blip or a black swan and what that means for where stocks may go from here we will attempt to answer that question today with our Investment Committee committee and another guest vinny viola. Joe terranova, stephanie link, josh brown, steve tubin. We will lean on him today to find out what he is telling clients. Stocks and bond yields plunging. The stock off its lows, still a loss of 550 points you tell me, is this a blip or a black swan a blip, stocks are voweler inible, they may go down well
During the hearing, she discussed infrastructure projects, highway and rail safety, investment into the theons ports, and discretionary Grant Programs that address the needs of rural and urban areas. Rep. Price the subcommittee will come to order. Good morning. Im pleased to kick off our subcommittee hearing season for this and other subcommittees by examining the fiscal year 2021 budget request for the department of transportation. Secretary chao, welcome back and thank you for joining us. Glad to have you here. Infrastructure serves as the foundation for our economy and our quality of life. It facilitates the flow of goods and services, connects people to employment and educational opportunities, and plays a significant role in our nations overall welfare. Theres no question our country requires a massive infusion of investment to repair deficient bridges, restore transit systems to a state of good repair, improve our ports, and build new runways for our airports. We must also make f
It eroded. Transportation secretary elaine chao testified before a House Appropriations subcommittee on the president s 2021 budget request. During the hearing she addressed infrastructure project, highway and rail safety, investment into the nations ports and discretionary Grant Programs that impacted the needs of rural and urban areas. The subcommittee will come to order. Good morning. Im pleased to kick off the subcommittee hearing season for this and other subcommittees by examining the fiscal year 20 21 budget request for our department of transportation. Secretary chao, welcome back and thank you for joining us. Glad to have you here. Frur serves as the foundation and quality of life. It facilitates the flow of goods and services, connects Education Opportunities and plays a significant role in our nations overall welfare. Theres no question our country requires an massive investment into bridges and restore Transportation Systems to a state of good repair, improve our ports, bui
49. 1 billion in discretion fundi funding and the disaster of the relief fund. Today we welcome chad wolf, the acting secretary of the department of Homeland Security. Thank you for being with us. Mr. Secretary, the fy 21 budget proposes 49. 7 billion in discretionary funding for the department of Homeland Security. This is a cut of 750 million below the current year level. I want to be clear, absent of any in acted law to affect such a transfer, this subcommittee will continue to include funding f for the secret service. When including funding for the secret service for the total, the budget request for fy 21 is 1. 78 billion above the current year level. There is something of the proposed budget that i believe will find strong bipartisan support. However there are also proposals we should not expect to see funded in the house bill. Among those are funding for border barriers and the expansion of capacity. Particularly in light of high priority needs that just continues to hire custom
Today we welcome chad wulf, the acting secretary of the department of Homeland Security, thank you for being with us this morning. Mister secretary the fyi 21 budget proposes 49. 7 billion, in neck discretionary funding. For the department of Homeland Security. While this is a cut of 750 million below the current year level, the budget also proposes transferring United States secret service to the treasury department. I want to be clear that absent any inactive law to affect such a transfer this subcommittee will continue to include funding, for the secret service and its bill when including funding for the secret service in the total the budget requests for fbi 21 is actually 1. 7 eight billion above the current year level there are some things the proposed budget which we will find strong bipartisan support, such as funding for the coast guard cutter there are also support support for proposals we should not expect to see funded in the house bill. Among those the expansion of detenti