Treasury yield target. Chancellor merkel looks to repair the transatlantic trade ties but bidens Irish Heritage threatens the u. K. s special relationship as his views around a hard border in ireland remains central to brexit talk. Welcome to the program, everybody. Just under one hour to go until the start of cash equities trading. Lets have a look at where users have us positioned. We saw a strong appetite for risk assets last week and that continues with the big news over the weekend about president elect biden. Point 21. 550 futures percent, echoed by ftse futures and dax futures. Buyave a sense of if not everything, buy risk and treasuries. We are not seeing full wholehearted embrace of the fixed income asset class this morning. This is what got on the global stocks outlook. Mastec futures outperforming. A lot of this had to do with hyden the optimism around what President Biden might do around stimulus although there is a senate conversation. What does this mean for reflation . W
You through so lets get into it louisiana 8 Electoral College votes to dont drop again a lot of these are going to be fairly predictable ones ones like north dakota which is going to go the way of donald trump only a small state there with 3 Electoral College votes we look at nebraska next to rick. It is nebraska now just going to polls on this for a 2nd 3 Electoral College votes for donald trump there are 5 on offer in nebraska i think you may remember early i mention that nebraska and maine split their Electoral College votes so if this point we can say there are 3 for donald trump he is the projected winner in those 3 districts 2 other ones which could be picked up by have a candidate. Lets move on again in vienna or wyoming no its wyoming 1st of all with its 3 Electoral College votes in indiana as well excuse me indiana is the next one with 11 Electoral College votes and the state of nevada as well now this is when we start looking at some blue states the state of too early to coal
Treasury secretary and Federal Reserve chair paul testified on the federal governments response to the corona virus pandemic. Including the impact of the Paycheck Protection Program on Small Businesses. From the House Financial Services committee, this is two hours. [inaudible conversations] [inaudible] including some required by the regulations. [inaudible] Remote Committee proceedings. Ive asked all members on the platform to keep themselves on me what when they are not being recognized. This will minimize disturbances while members are asking questions of the witnesses. Members on the platform are responsible for muting and on muting themselves. The staff has been instructed not t to meet its members except where a member is not being recognized. If there is inadvertent background noise. Members on the platform are reminded that they may only attend one remote hearing at a time. So if you are participating today, please remain with us during the hearing. Members should try to avoid
From the House Financial Services committee, this is two hours. [inaudible conversations] [inaudible] including some required by the regulations. [inaudible] Remote Committee proceedings. Ive asked all members on the platform to keep themselves on me what when they are not being recognized. This will minimize disturbances while members are asking questions of the witnesses. Members on the platform are responsible for muting and on muting themselves. The staff has been instructed not t to meet its members except where a member is not being recognized. If there is inadvertent background noise. Members on the platform are reminded that they may only attend one remote hearing at a time. So if you are participating today, please remain with us during the hearing. Members should try to avoid coming in and out of the meeting particularly during the question period. If during the hearing members wish to be recognized, the chair recommends members identify themselves by name so as to facilitate
Extension of credit from private lenders. They are designed to support the functions of private markets, not to replace them. These are lending, not spending powers for others, alone that can be difficult to repay might not be the answer in these cases direct fiscal support may be needed. Our economy will recover fully from this difficult period we remain committed to using our full range of tools to support the economy for as long as needed thank you. Thank you very much chair powell i now recognize myself for five minutes for questions. I am very appreciative of the explanations that youre giving, but all of the questions that we have about main street and other facilities each of them can keep the facility as an option in the futu future, and the guam governor urged it be made available to the territories. The Congressional Budget Office director and staff economist for president george h. W. Bushs n council of advisors said the mist try to me is the treasury using half a trillion d