Washington coming up the numbers are in the United States took a major hit to its g. D. P. In the wake of the coronavirus dropping more than 30 percent annually straight ahead we analyze the extreme drop and the state of the real economy here in the u. S. Plus a big texas seeing an influx of antitrust cases as tech tensions continue to rise across the globe later on in the show where to take a look at the cases and whats at stake moving forward with a packed show today so lets dive right in. And we lead the program with the latest Economic Data out of the United States the Commerce Department reported wednesday Gross Domestic Product fell by a record 31. 4 percent in the 2nd quarter of 2020 now the number was a slightly better than the 31. 7 percent decline projected in august the contraction was more than triple that of the previous record holder of 10 per cent in the 1st quarter of 1958 now economists back substantial gains in the 3rd quarter as. Millions of americans have gone back
Added 749000. 00 jobs in the month of september according to payroll firm a. D. P. A. D. P. Reported the sectors that gained the most jobs were trade transportation and utilities followed by manufacturing than leisure and hospitality which has just been decimated by the cove in 1000 pandemic and the health and Education Services sector so what does this all mean for the overall state of the economy and the prospects of a recovery lets go ahead and get some expert analysis from professor Richard Wolfe author of the sickness is the system and capitalism fails to save us from pandemics or itself and boom bust cohost christi i thank you both for being here professor wolf i want to start with you many people still believe that this rebound is still intact and that the 3rd and 4th quarter will swing back and expectations are that the economy will expand at an annual rate of 30 percent as businesses have reopened and millions of people have gone back to work as we just mentioned now do you se
Ring this blic hlt vid19 is tthree times in theormal cle, oneerso thoronavirld kick off a snballffect that to leadsp 59,000 new iections. Think abouthat and think about the way wepeteere. Members travelrom theirme spoto nveneaoronirus hot on after mth after mon. Mcgovern w e cod symptomatic, carers nonetheless. Coeningongrs must notur tech nolling has changed considerably over the last 231 years. There are now toolles available that make temporary Committee Proceedings and remote voting on the house floor possible. Not offense, just temporarily during this emergency. Now some on the other side seem to think that temporarily embracing technology during this pandemic is a radical idea. Well, let me say this loud and clear to my colleagues, mr. Speaker. If anyone tells you that you would be giving away your vote with remote voting by approximately, this is just a lie, plain and simple. It is just not true. What would be radical is if this hoes did nothing, if we made members decide betwee
Us covid19 is up to three times more contagious than the flu. That means in a normal cycle of this virus, just one person with coronavirus could kick off a Snowball Effect that leaves up to 59,000 new infection. Think about that. And then, think about the way we normally operate here. Members travel frequently from their home states, some of which are coronavirus hotspots, to convene together in the capitol complex. Then, we travel back home at the end of the week and we repeat this process month after month after month. Along the way, we come in contact with fellow travelers. Colleagues, the general public, and the hundreds and hundreds of people who helped make this house operate. There is no telling who among them could have compromised immune systems. The existing conditions or other heightened risk for illness, but we know just how easy this virus spreads among those with strong immune systems. Choices thathe each one of us makes are especially important. Not just about protecting
78, hou resolution 965 authorg mote vg oceeding due to novelote coronavirus dor other puos. Thear o tempor purs to house resolutn 967, the resolution i consideredead and debatabl for on hour, eal divided and controlled by the chair and ranking mber on th comttee the gentleman from husett mr. Mcgern, and the ntleman from oahoma,r. Le, ch wil tro 20 minutes. Mr. Mcve i asknanimous revise and extend their remks. The speaker prtempore witho ctn. Mrmcgovern ware in the mit of a pandemic the likesf ich thed hasnseen in his instution, which adopted to cllges and apt contie tlegislate in, ring this blic hlt vid19 is tthree times in theormal cle, oneerso thoronavirld kick off to 59,000 new iections. P think abouthat and think about the way wepeteere. Members travelrom theirme spoto nveneere togetr ot the capitol comex and we travel back home and we repeat is proceon after mth after mon. Mcgovern we cod symptomatic, carers nonetheless. Coeningongrs must notur techlogy has changed years. Ablyver