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From public disclosure. Second the committee is discussing conducting this hearing in compliance with house regulations. It is being broadcast live on the committees website. Because of the threat posed by the pandemic remains ongoing, we are meeting remotely to ensure the safety of our witnesses, members, staff and public. While we wish we could return to all standard in person events, health and safety protocols dictate we find alternate means of carrying out obligations. Ok so, let me remind members of a few remote hearing procedures. First consistent with the regulations the committee will...

Address the problem. Without objection, the chair may declare a recess at any time. I want to go through our usual housekeeping matters. Todays session will be conducted on an unclassified basis. All participates should refrain from discussing any classified or other information protected from public disclosure. Second, the committee is conducting this virtual hearing in compliance with House Resolution 965. It is being broadcast live on the committees website. Because of the threat posed by the covid19 pandemic remains ongoing, were proceeding with this hearing remotely in order to ensure the...

Lets get straight to steve liesman. Jay powell testimony before the House Services committee will note improvement in the economy saying Household Spending has recovered three quarters of the decline and say this is in part response to federal spending and higher Unemployment Benefits which is running down he said housing has rebounded and Business Investment showing signs of improvement but overall employment and Business Activity with well below the prepandemic levels an the out light is uncertain. He makes special mention of the feds main Street Lending program, a 600 billion program with a...

And the u. S. Keep talking trade, we dont know when this thing ends or how much further it goes. Sit back and enjoy the ride, today is august 25, the dow of 378, yesterday up another 150th opening bell today, the s p record high close up some more this morning. The nasdaq looks like its going to be down a few points. Were going to show you apple, premarket trading worth 2. 15 trillion and there is speculation that there is iphone production to mexico, more of that in a moment. At the convention the republicans attacked the biden harris ticket as a looming disaster. Dynamic speeches from tim sc...

And individual names getting lower. That keeps it pretty much unchanged year to date we have a massive show coming up discuss the latest stimulus negotiations th thats any minute now its the key question for the markets today. And then as the heat gets turned up on big tech, well talk to the always candid ceo about the precious ceos facing testimony tomorrow and the stay at home trend a huge swell of tech earnings coming to day and later this week. Lets start with the broader markets. Mike, over to you. Thank you we have markets on pause for the most part today. Bond market is qui wet yields a...