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Charge of the recovery act, and it was hard as hell to get the votes to begin with, and then it was hard as hell to get the numbers we got. One thing we learned is we cant do too much here. We can do too little an and sputter. The speech youll hear follows the jobs report this morning. Yes, the Employment Rate is down, but only 40 million jobs was added to the American Economy. That makes it clear that the impacted American Economy is still very much in trouble. The Senate Meeting ended early this morning with the Senate Passing a budget resolution. This morning the house will take up that resolution and it will clear the runway for democrats most likely to go it alone with a covid relief bill that is very ....
If its covid19 vaccine is effective. Jim, i know that citi news popped for you. Yeah, i candidly mike and donna are friends of mine and friends of my executive producer so i have to reveal that because i say its not about friends its about money this is jarring for those of us older than mike who is 60 but he did work there for 38 years, not retiring until february, but how great. When i spoke to him this morning, how great, jane fraser coming in. The Glass Ceiling in banking maybe a is finally cracking and its a great legacy for mike a period where net income increased from 7. 5 billion to 19. 4 billion, tangible common equity 12. 0 to 12. 5 and returned 80 in capital during mikes reign all those numbers havent necessarily led to great performance a of the stock but they are great numbers mike is a much loved figure as is donna, his wife and i regard them as a team and i know he wants to do many, many things in life and this is a ....
O odssey capital we see stocks higher into a pivotal week for your money. I said one third of the s p reports. You have the big tech hearing on the hill you have a fed meeting you have stimulus negotiations whats on the line i think anything to go wrong with the next trillion, that would be a huge problem. Thats so done deal. Hopefully most of us hope it will be more focused effort. We dont money into zombie companies. We decide on what sectors will survive and try to support those. I think the earnings will be pretty good. Anything to do with consumer is still buoyant and will be intact tech remains the favorite of investors. It continues the grow and allow the economy to function and continues to digitize not just here but globally. Doints see a lot of downside going into numbers i dont expect any intel surprises nap was bad management im hoping the whacking stick will be coming out there when it gets back below 50 bucks, its buying opportunities. Those are the kind of surprises you ....
To honor the work we are doing. Our country and our company runs throughout our veins and when the crisis began, we all wanted to find a way to create the equipment that the country needed. Our team has stepped up and worked tirelessly for a common cause. Our workers both hourly and salaried have done their very best to put safety first. To stay safe, strong, and on the job. I do want to take a moment to ask our team members to remember all of our health care workers, first responders, a central workforce that have given their lives in order to serve and protect the public during this extraordinary challenge in our country. It has been a privilege leading this team and i am so proud to be part of the ford motor led effortlessly by bill ford. Without further ado, please help me give a standing ovation from introducing our executive chairman of lord Motor Company, bill ford. [cheering and applause] bill ford hello, everybody and than ....