Hello, and welcome back. Im steve clemons. We are delighted to have you join us for the second hour of the future of the health care summit. I would like to thank the their support of todays great program. We are going to expand our lens in the session to look at policymaking breakthroughs and innovation in the face of seen and unseen challenges. Before we get underway, a few housekeeping notes. You can tweet us at thehillhealth. We are taking questions there. You can see i have a bunch here that have already come in. Speakers, beware. If you experience a problem with the livestream, refresh. It should be a quick fix. I dont believe them, but thats what they say. Lets get started. Im least introduce my first thethe health of secretary of health and human services. Alex azar has a breadth of experience of both the public and private sectors. His key focuses on health care and innovation, all assuming added significance in the coronavirus era. Thank you for joining us today. We have had
Live on capitol hill, the House Appropriations committee working on 2021 spending levels today. One of the measures they are working on his defense spending. 694. 6 billion, an increase of 1. 2 billion from 2020. Congressman a nita lowey chairs the committee. I will say good morning again. I call this meeting of the committee of appropriations to order. Before we begin, house rules require me to remind you that we have set up an email address to which members could send anything they wish to submit in writing. That email address has been provided to your staff. Our first order of business is consideration of the department of defense appropriations bill for fiscal. Ear 2021 thank you madam chairwoman. Remarks, igin my reluctantly have to acknowledge this will be my final Opening Statement before the House Appropriations committee. I have no new revelations to make but for those of you who will remain on this committee, there are a few things i would like to say. He saved the conditiona
I believe we are wrangling about waiting a week or two to do it. Dialogue, itest seems, in the United Kingdom. British way ofry approaching things, isnt it, tom, trying to do with all. Ventualities finally you come to a decision and you are concerned if it is the correct one. It is the correct one at this point in time. We are watching with great hasrest how the debate become so politicized. We are scratching our heads, trying to figure out whether it is the right thing to do, but it is not politicized the same way as in the states. You mentioned in the headlines, the president finally wearing a mask to walter reed. That is may be a big step in the right direction. One angles certainly there. Us with an will join update, leading the way, the effect on the economy and of course across the different markets. With news in new york city, here is ritika gupta. Ritika good morning. 15,300 newed record coronavirus cases in florida, the biggest oneday rise since the outbreak in the u. S. The n
Data from the United States, europe and china as well. Alix no one cares right now because copper is at a twoyear high. There is going to be a lot of optimism, when you look at the weaker dollar and the s p. We will break that down and how the pandemic is now affecting Education Plus supply chains when we speak to dr. Nathaniel, the president of the hsc health care prism. Guy was mentioning it, the earnings season kicking off in earnest. Scarlet fu has more. We we are in this weird, normal world. Lets talk about pepsicos Second Quarter numbers. There are no live sports and no concerts. Limited restaurant service. There is a big dropoff in beverage sales. On the other hand, consumers stocked up their pain should pantries with breakfast foods. Let lead to a spike in the Quaker Food Division for the rest of the world was mixed. Anic sales fell only 300 the stock is higher. It is now at a three month high. The lack of guidance is a familiar theme. One third of companies the number of Compa
1 . Bdps are faring relatively well. We are waiting to see what is going to happen on the back end of this week. Storyl be a significant as we get a rating based on the 750 billion euro rescue fund. You want to Pay Attention to what is happening. , potentialbig supply for it to strike. That is another factor that we need to throw into the mix. What we have coming up later, we will speak to the outgoing boss of the euro group. He will be joining us to give us his take. And wille the governor be transitioning over to the ecb. We will talk more about the fiscal side of the equation. That is for later. Lets talk about what is happening now in the markets. We are trying to figure out earnings and that macro picture inthe stimulus package europe. Bilal joins us. Lets talk about europe and expectations going into this week. Clearly, expectations are high. We are waiting for a deal to be done on the 750 billion euro package. If we do get back, there could be a new rating in europe. How would y