The Video Conference hosted by the group vocus on Rural America. Thank you for joining us today. Tos is a different approach a press event for me and i think for most everybody that is going to participate this morning. Out,e eager to try this ,nd hope if we make a mistake muting you again, please forgive us. I will introduce the speakers as we go and we will hold the questions until the end. Our communication director is running the news button and the chat sidebar on zoom, so if you have any questions, please just namea note there with your and she will call on you. You are final call for questions at the end. As you know, our country and the world are grappling with this ongoing coronavirus pandemic, and i sincerely hope that you and your loved ones are safe and , and thatgetting by you are practicing social distancing and taking necessary precautions. We do appreciate you making time for us today to do this event. I am in Monroe County and the southern part of the state and i ed he
This event. This is an hour and 10 minutes. Hello, everyone. Thank you for joining us here today. This is a very different for meh to a press event and, i think, for most everybody that is going to participate this morning, but we are eager out. Y this [indiscernible] please forgive us. We will keep you on mute during the presentation. [indiscernible] as we go and we will hold the questions to the end. [indiscernible] if you have any questions, please just send her a note and she will call on you during the questionandanswer session. Cannotare audio only and access our chat, please hold to the end and we will do a final call for questions at that time. As you know, our country and the world are grappling with the ongoing coronavirus pandemic. I sincerely hope that you and your loved ones are safe and , that youetting by are practicing social distancing and taking necessary precautions. We do appreciate you taking time for us today to do this event. Im in a rural town in Monroe County i
With that kind of cha keenry. Finally, the philadelphia refinery could have avoided needing to buy any r. I. N. s at all if it had just invested in blending infrastructure years ago like many of its fellow merchant refineries did. In fact, the philadelphia refinery is partly owned by sunoco which owns blending infrastructure. We also know that that refinery has an arrangement whereby about supplies ethanol with r. I. N. s attached to sunoco for blending with its gasoline. Other independent refiners with smaller arrangements have an agreement to return the r. I. N. s to the refiner once they are detached. The r. F. S. Was created to bring cleaner burning, Renewable Fuels to consumers. The r. I. N. s system was developed as a flexible system that would allow obligated parties to choose between investing in blending infrastructure or buying r. I. N. s for the renewable fuel standard compliance. Philadelphia refinery made the decision to buy r. I. N. s instead. That hasnt worked out very w
Will we see a vote tomorrow . A live update from capitol hill. One of the biggest match ups in boxing this year. Head lines are coming from outside the ring. Boxing legend oscar de la hoya take be jabs at President Trump in new tv ad. David he has a left hook we worry about. As we await the big earnings, take a look at the dow, barely in the green as chevron, exxon, merck. Apple reporting disappointing iphone sales yesterday. The dow had been in the red all morning. That changed at about 2 00 p. M. When the Federal Reserve announced it would hold off a rate hike until the economy really started to grow more. Financials climbing though as investors do seem to be betting on the slow growth being shortlived. Melissa. Melissa breaking earnings. Facebook set to release First Quarter results any minute. Investors keeping a close eye on user growth and video ads as the tech giant tries to curb recent scrutiny on handling of live video content on live screen. We shanna glenzer, make offices ch
We have steve ratner, who is with us often. He is one of the advisors. He is about to come here by himself in front of the committee on the tactical issue. We have a lot coming up. On the tax reform issue. We have a lot coming up. Similar story for stoxx 600, down by 3 10. Removing the currency market has truly been unbelievable. 1 buildingr 1. 1 on the rally we saw yesterday. Fourar yield now back by basis point. This is your safety check. Dollaryen down 6 10 of 1 . 112, a huge move. Oil trading on its own fundamentals up 3 10 of 1 . David thank you very much. We will set the stage now. We go to our chief washington correspondent, who is across town. Lets start with the facts. It is fair to say washington was rocked yesterday with this report that supposedly President Trump encouraged fbi director to stop the investigation into flynn. What do we know . Kevin it has been such a busy morning that i have not been able to get to the capital, but and irector james comey, am having trouble