[indistinct chatter] thank you, everybody. Thank you. As we begin Labor Day Weekend americas unprecedented economic recovery continues. You see what is going on. It is pretty amazing. The United States economy as of this morning, 1. 4 million jobs les last month bringing the total to over 10 million jobs which is a record. In august, we added 240,000 retail jobs, 174,000 leisure and hospitality jobs, and 29,000 new manufacturing jobs. The Unemployment Rate plummeted to 8. 4 , the second largest month job ever recorded. It is surpassed only by our decline in june. Last month we saw declines in the Unemployment Rate for africanamericans, and hispanic americans, and asian americans. We are witnessing the fastest labor Market Recovery from an economic crisis in history by far. By contrast the last demonstration had the slowest, weakest, and worst recovery in american history. That was well documented as you know. This year the United States has seen the smallest Economic Contraction of any
The governors of new mexico, kansas and guam as well as douglas holtzeakin, former director of the Congressional Budget Office. This virtual hearing is just over four hours. The committee will come to order. Authorized to declare recess of the committee at any time. Before we begin todays hearing, i want to remind you of a few matters including some regulation accompanying House Resolution 965. I would ask all members to keep themselves on me was. This will minimize disturbances not being recognized with background noise they made only again one at a time. If you are participating today please remain with us during the hearing t that she recommends vendors identify themselves and facilitate the chairs recognition. I would also ask members to be patient this hearing is entitled the need for Financial Aid to americas states and territories during the pandemic. I now recognize myself for four minutes to give an Opening Statement of the 189,000 people have lost their lives to the virus las
Is just over an hour and a half. I see that we have a quorum present. I really want to thank everybody for joining us, its an important issue that i now recognize myself for opening remarks. Pursuant to the notice, were holding a hearing to discuss the american lives on the line come lessons for managing the russia threat. Two weeks ago startling revelations that russia put bounties on american troops serving in afghanistan. This week in the Foreign Affairs committee weve been examining this egregious attack on americans and the Top Administration failure to handle it probably. Its important for the public to know this. Ive personally been involved in four earrings. This week alone that ive with this issue and that doesnt include the actions of other committees working on their own. I just want to underscore to people listening that they should know that we in concert taking over some of this matter very seriously. The one thing if we do nothing else, the most basic and fundamental dut
The tech index on the s p 500, you can see that reflected in the nasdaq losing at another record high. Not only do we have amazon and apple and nvidia higher, but tesla, people had turned their back on it a year ago, impressing all the way. Taylor i should have been the buyer at take private share price is where i shouldve been. One other comment about this market, financials. Citigroup is up 6 , wells fargo off 2 or so. 9 area really getting a lot of financials, particularly consumer facing stocks off 5 . A bank off something up to 9 certainly catches my attention, as we have been talking about this rotation into the valley naturals the financials. A reversal today. Caroline it really is when you are seeing the bond crescendo across the board. 10year yield down almost nine basis points. This is feeling into the pain today. Citigroup private Bank Investment officer, going to see so much continued bond buying from the fed . If you think about it, you have got two contradictory forces. O
Pacific and mountain, 202 7488001. We have a line for medical professionals, we would love to hear from you. Its 202 7488002. We are also on twitter and facebook. We are taking your text messages. That number is 202 7488003. Tell us your first name and where you are texting from. We begin as we always do with a look at the sobering numbers courtesy of Johns Hopkins university. More than 1. 2 million confirmed cases. The number ofs. Cases are approaching 330,000. 65,000 deaths around the country. Around the world, i should say. The u. S. Is leading the world in cases of coronavirus. That from Johns Hopkins university, which has been keeping track of this since the beginning in january. The president says a lot of death is coming. It will be the toughest week in the fight against the coronavirus pandemic, and he said this on saturday. He said this as the total number of coronavirus cases rose to over 300,000, with the number of deaths host at the Daily Briefing yesterday, deborah birx, o