Rose. Microsoft saw a better First Quarter revenue, helped by demand for Cloud Services as more people work remotely. Sales through september topping 37 billion. Melbourne, the merge from a melbourne emerges from a strict lockdown. Ours and restaurants are reopening, even home visits are allowed. Shery lets get you started with a check of the markets. U. S. Futures opening lower, down. 4 . This after stocks fell to a three week low in the regular session. We had cyclical stocks taking the brunt as virus cases continued to climb globally. We have the nasdaq composite pulling back of yesterdays losses on the deal around amd. Durable goods orders coming in better than expected. Lets see how things are shaping up for the asian markets. Here is Sophie Kamaruddin in hong kong. Sophie we are seeing losses continue here in asia. Chip stocks very much a focus after amds deal to buy. Earnings. We have results from sony, zte, as well as budweiser asia to name a few. And a straley or, we have had
Abandoned any hope of a virus package before the election. He says a deal will come after the vote. Big tech prepares to defend interests as jack dorsey calls section 230 the most important law for free speech and safety. Get you started with a quick check up on how markets are right now. Sophie kamaruddin. Are set toa stocks resume losses this wednesday and you have nasdaq eminis under pressure early in the Asian Session after we sawtek shares rally. We are watching what is going on with the tech space following amd agreeing to buy a company. Results could provide support for that space. Its a busy calendar for earnings. Withec reporting today sony. In australia, the asx 200 coming online with some Downside Pressure set to extend losses for a fifth straight session while the aussie dollar is holding steady, slightly under pressure, while bond yields are easing ahead of inflation data due from australia. We see a pickup. Lets flip the chart for a broader outlook on where the dollaryen
Later today, daytime highs eventually on the warm side yet again weve gotten used to this lately though upper 70s 80s right alongside the bay and 90s for a few inland spots. Daria. Thanks a lot lets get to our top story right now the fall semester for oakland is here online today, thousands of students. Well Start School Year the district spent the week distributing computers and wifi hot spots to students who need them. There are frustrations though with the Distance Learning plan has some parents reported last week that their students didnt get their laptops yet. Attendance is mandatory for students in all of their classes. The beginning of year so important for teachers to ponder students yet another stunts to get to know their backgrounds and the things they deal with outside of school. And they cant do that now because we are all this is their students. I know this is a really different than what youre used to when you were hoping for and. Were going to get there were going to mak
Yeah, thousands of students reported to class virtually but teachers. And their union and the district are all still trying to hash out what the plan is going to be for Distance Learning even though online instruction as daryn mentioned begins this morning. Gayle ong takes a look at whats going on. On monday thousands of students with the Oakland Unified School district will report to class virtually in the zoom call usd spokesperson john sasaki had little to say about specific teaching plans, partly because the district is still in negotiations with labor partners the beginning of year so important for teachers to ponder students yet another stunts to get to know their backgrounds and the things they deal with outside of school. And they cant do that now because we are all this is sort of the Teachers Union and district have been negotiating logistics teachers are asking for a reduced schedule working 5 hours a day the Oakland Education Association posted their proposal on facebook as
Hearing will come to order. I welcome everybody to this hybrid hearing. Both Ranking Member mister heiss and myself have wanted to have hearings resume in person. Especially when we are in session i made a promise to mister heiss that i would fight for that and today is the fruit of that effort i believe when we were in session, to the extent possible, protecting everybodys health and safety, we can and should be meeting like this. At least in hybrid form those members who are not comfortable or who physically cannot join us in the hearing room are more than welcome to join us through the web. We are happy to have them. We ask everybody, when they are not speaking, to wear a mask that is the guidance and the capitol hill position. That is the guidance of the chairwoman of this committee. It protects everybody i really appreciate that cooperation. Let me see. For members appearing remotely, just a few reminders before i get my Opening Statement. House rules require that we see you so pl