Taken by the Federal Reserve the path depends of course on the virus it societies the crisis will weigh heavily in the medium term and poses keshl risk, very much a carbon copy, just a couple additions here and from the year, there was one other change that i will tell you about. It was that the path of the economy will depend significantly on the course of the virus. Kelly . We appreciate it. Were going to welcome in our fed panel. Mona hodges, david kelly and jim carron its great to have you all here. Ill go to you, dave, for what you think are the most important messages as we watch the markets so far showing little change from where we saw before the decision came out. Really whats happened since their june meeting is we have seen a surprisingly strong bounce, but then the viruses come back, and that resurgence is what theyre saying is this is not over we know its very uncertainty. The economy has a lot of recovery to do yet, and theyre going to remain very dovish while the pandemi
We can and hold these families in our prayers. Thank you. Back live now on capitol hill where the House Appropriations committee is returning from its lunch break. They continue work on 2021 a spending bill. Live coverage here on cspan2. Mistaken at the best of times. They are unconscionable in the midst of a pandemic. I want to remind my colleagues that foodstamp spending is a powerful anti recession tool and has previously been estimated that for each dollar spent from benefits a dollar 70 is generated in economic activity. Let me say thank you again to chairman bishop, Ranking Member and their leadership and other areas of the bill. Their strong investments to ensure the continued availability and safety of the nation food supply as well as language designed to protect the health and safety of workers in our meatpacking plants and our poultry plants as well as the farmworkers who are out in the field every single day. I thank you very, very much that all of the attention youve paid
We welcome you in different localities around a beautiful and recovering new york city. You see that on the stock market this morning, with equities up nicely, and yields higher. Safe havens a little bit in retreat. Jon, what is your observation on a tuesday as we move through the week on how this market is doing . Jonathan the focus quite clearly, reopening. Views are still polarized because the near term are so binary. Either reopening is a success, or it fails and we get a second wave. It is one or the other in a nearterm, at least. Tom one of the things that is so important is when i look at the recovery that we are in, it is predicated on the next round of stimulus. Why do i need a round of john norman at j. P. Morgan is telling me we are in some form of recovery . Lisa a lot of people are expecting the federal government p enhanced Unemployment Benefits. There is expectation baked in that that will continue. My question is, how much pressure will they be on washington to continue
Us. Im can why im palmore Governor Newsome today outlined a 4 phase process to returning from the stay at home order adding that the first steps are just weeks away. This as coronavirus cases in the United States surpassed a milestone today, the 1 million mark on april the 10th there were 500,000 cases that number has doubled in the past 18 days across the nation. The virus has also killed more than 58,000 people across the country thousands more americans are projected to die because some states are starting to reopen some think too early. A new model project 74,000 americans will lose their lives to the virus by august. That projection is by the university of washington and it shows an increase in deaths because people in some states are going out again and spreading the virus. Thats also causing longer peaks of the virus deaths in some states. Last week this model projected 67,000 deaths so the project a death toll has gone up by 7,000 here in california there are more than 46,000 c
W m ds in iraq all blatant lies all used as justification to go to war well now another reason justification for dropping bombs on poor people half way around the world has suddenly come up and is suddenly come under question thanks to a new leaked emails released on saturday by wiki leaks it appears that the final report by the organization for the prohibition of chemical weapons or o. P. C. W into the 2018 chemical attack in the syrian city of duma may not be all its cracked up to be my friends while the league makes no attempts to describe what did happen in doom according to the guardian the protesting email which was originally sent to senior officials at the o. P. C. W. By an investigator described as quotation marks alex and quoted by wiki leaks expresses the grave as concerns saying the o. P. C. W. Report misrepresents the facts it contains unintended bias and simplifies conclusions lets not forget my friends that the accusations of a Syrian Government orchestrated chemical str