Brought to you today by your television provider. Next, centers for Disease Control and prevention director dr. Robert redfield and National Institute of allergy and Infectious Diseases director dr. Anthony fauci testify on the coronavirus outbreak. They were joined by other Health Officials at this House Oversight and Reform Committee hearing. It is two hours and 10 minutes. The committee will come to order. The chair is authorized to declare a recess at any time. I want to inform members that we have a change in schedule. As we explained in the hearing memo, we were planning to do Opening Statements from 9 30 to 10 00 and testimony and questions from 10 00 to 1 00. This morning, we were informed that President Trump and Vice President pence have called our witnesses to an emergency meeting at the white house. We dont know the details, just that it is extremely urgent. Now the witnesses have to leave at 11 45. In light of this sudden change, we are going to significantly reduce Openin
Redfielddr. Robert testify on the outbreak. It is two hours and 10 minutes. South korea has now tested more than 196,000 people but we are not anywhere close to that. They started conducting drive through testing, but people here in the United States cant even get tested by their own doctors. This is the United States of america. Were supposed to be leading the world, instead were trailing far behind. How did south korea test so many people so quickly but we didnt test a fracture of that number . Why did it take so long . We must do better. Unfortunately these delays have been systemic. Just last week the Trump Administration promised to deliver a million tests by the end of the week but it didnt even come close. On sunday they admitted they delivered only 75,000 tests, thats over 900,000 tests short. And this was their own stated goal to the American People. Now the Trump Administration is saying they have distributed a million tests and they will be distributing four million by the e
[indistinct conversations] the committee wil without objection, the chair is authorized to declare a recess of the committee at any time. I want to inform members that we have a change in schedule. As we explained in the hearing memo, we were planning to do Opening Statements from 9, 30 to 10 00 and testimony and questions from 10 00 to 1 00. Is morning, we were informed that President Trump and Vice President pence have called our witnesses to an emergency meeting at the white house. We dont know the details, just that it is extremely urgent. Now the witnesses have to leave at 11 45. In light of this sudden change, we are going to significantly reduce Opening Statements instead of doing 30 minutes, we will do 10. We will get right to questions. For the witnesses we have your wit and statements. Keep your oral statements as brief as possible. At 11 45 we will recess the hearing and work with the agencies to determine when the witnesses can return. With that i recognize myself for a few
279 points looking at the treadsrys the 10year is at 0. 77 . That is nuts especially when you start to look at where we were a handful of months when people were talking about a 3 as rates go down cheaper this is such a panic move. Is it forecasting a Global Movement the problem is that everyone was worried that stocks were overvalued the problem is there is no way of gauging what the effects are. Everyone at this desk could have started throwing stocks at the wall people are going for safety and quality. These are panic moves im not sure it is unwarranted people will sell off first and panic later. Theyll say im looking out for a year or two or three thats probably what well reassure now can stocks bounce off the previous lows of 12 i think the market has to recalibrate to digest the lower yield and the market sitting across the table, stocks dont often bottom on a friday but the fact that everyone thought they werent going to bottom is the chance that they werent going to bottom. Bef
Chinese leader xi jinping starts a three day state visit to russia on wednesday, at the invitation of president vladimir putin. Its the second meeting between xi and putin since april and shows the two countries are becoming increasingly close. President putin has expressed support for chinas ambitious belt and Road Initiative the huge Infrastructure Project costing more than 1 trillion and connecting 65 countries. But the two sides have more than that in common. The chinese economy is under pressure after washington raised tariffs on 200 billion worth of chinese exports in the continuing tade war between beijing and washington, and russia is also under pressure because of western sanctions over its actions in ukraine. So, with both leaders keen to escape these pressures, trade between china and russia hit a record high last year of nearly 108 billion. Energy is especially important with russia now chinas Biggest Energy supplier. The power of siberia is a 4,000km pipeline project that