The committee in a manner that respects the rights of all members to participate. We require members to be visible through a connection throughout the proceedings, so please keep your cameras on and if you have to participate in another proceeding please access this one and then log back on later. In the event we encounter ttechnical issues i will move to the next available member of the same party and recognize that member at the next appropriate timeslots provided they have returned to the proceedings. Should the time be encrypted by technical issues i will recognize that member of the next appropriate spot for the remainder of their time. I will preserve their time has staff address is a technical issue. I may need time to provide this time to reconnect and hopefully we dont have any of those issues. Member to remain on you until you are recognized to minimize that counts the ways and in accordance with the rules under 965, staff have been advised only in the event is an inadvertent
Watch quote washington journal 7 00 eastern tuesday morning. Join the discussion with your phone calls, facebook comments, Text Messages and tweets. Continues. Host we are joined next by former federal Emergency Management Agency Administrator craig fugate. Thank you for being with us on washington journal this morning. Guest thanks for having me. Host a number of items on our plate including the covid19 response. First, to the response to hurricane laura. The hurricane coming effectively the same week marking 15 years since hurricane katrina. What lessons do think fema and the federal government learned in terms of response to hurricanes in particular . Guest i think the biggest lesson was that we dont wait until we are asked to start getting ready. To be ana, there seem lot of confusion about the governor having to make requests and what femas role was going to be. Congress, after katrina launched substantial legislation. Governors are going to be is he dealing with this. The federal
Item number one is roll call. President brandon. Vice president adams. Commissioner gilman. Present. Commissioner woo ho. Here. Vice president adams. Madam president , you have a quorum. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation, under god, indivisible with Liberty Justice for all. Item number 3, approval of the minutes of july 14th, 2020 Port Commission meeting. I so move. Second. President brandon. Aye. Vice president adams. Commissioner gilman. Yes. Commissioner woo ho. Aye. President brandon the minutes have been approved. Clerk announcements for item number 4. Please be advised that a member of the public has up to three minutes to make Public Comments on each agenda item unless the Port Commission adopts a shorter period on any item. Please note that during the Public Comment period, the moderator will instruct dialin participants to use the touch tone phones to register their desire for Public Comment. Oug
Lots of earnings coming out. Ups is the latest. They are withdrawing their 2020 forecast for revenue, as well as eps, as we have seen from Many Companies trying to estimate the impact. Theirre withdrawing forecast. They are suspending the Share Buyback for 2020. We want to get you all of todays top moving news from new york and our london team. We want to begin with the volatility in the u. S. Oil market. Wti at one point falling below 11 a barrel. Bps ceo, after the Company Released firstquarter results which showed a 2 3 drop in profit. We have a situation where we have excess supply, and storage is filling up. Cushing is 70 full. People think we will reach completely full sometime in may. We are very fortunate to have a large trading organization, and they have been able to find a physical home for our crude, but not everyone is that fortunate. What is happening here is a very simple case of supply and demand, and the market really isnt going to find some stability until that comes
Optimism grows over flattening curve in some areas of the countries. Signs that lockdowns could be having positive impact. 7 and 3 quarters percent yesterday, take a look. Pretty good rally at the end of the day as well. Dow industrials up yesterday, nasdaq up 540 and s p up 175. President trump announcing a deal with 3m to supply medical masks and he said he had a, quote, wonderful call with former Vice President about the coronavirus response. We have you covered this morning about the pandemic and markets and beyond with allstar lineup you do not want to meet miss. Plus what other possible rounds of stimulus might look like, phase 4. The Dallas Mavericks owner mark cuban is here on what should be done to help businesses survive pandemic. Heros stepping forward to help the world on time of crisis. Mornings with maria live now. Big show this morning and big rally underway, lets take a look at Global Markets which are mimicking the wall streets gains today. The cac quarante is up 118 a