Industries association. Sen. Wicker all right, we will begin, and we appreciate people working with us on this partially remote, and partially in person hearing on a very important topic. The covid 19 pandemic has affected the normal operation of every Public Institution in our country. Including, as you can see, the legislative branch. I thank my colleagues and witnesses per for participating in todays hearing, which is the first of many covid19related oversight hearings that this committee will conduct. We will accomplish the business in accordance with the guidelines established by the rules committee, and in consultation with the office of the attending physician. And i want to thank my colleague and Ranking Member, senator cantwell, for her cooperation in this regard, and for all of our staff. The committee today convenes to discuss the state of the Aviation Industry. Witnesses, which are limited in number by the guidance we received from the senate, include nic calio, president a
And i want to thank my colleague and Ranking Member, senator cantwell, for her cooperation in this regard, and for all of our staff. Convenes toe today discuss the state of the Aviation Industry. Witnesses, which are limited in number by the guidance we received from the senate, include nic calio, president and chief executive officer of airlines for america, todd president and chief executive officer of the American Association of airport effectives, eric fanning, president of the chief executive officer of the Aerospace Industries association, and remotely, dr. Hilary godwin, dean of school of Public Health university of washington. No part of the American Economy has escaped the impact of the covid 19 pandemic. The air and transportation sector has suffered a particularly painful blow, one intensified by Global Travel resections and stay at home orders, Domestic Travel has declined over 95 compared to last year. Flying with 12 passengers on average. Half of the u. S. Passenger aircr
Committee. Amy is the chief Investment Officer of the chevy chase trust. I want to show you where we stand right now. Another brutal jobless number to digest along with technical damage to key sectors. We have had a nice move off of the lows the dow is hanging onto 23,186 its a loss of 65 points good level for the s p to keep an eye on 2800 nasdaq the focal point of so much of our conversation is giving back 1 there it is on the right side of your screen. Put the last couple of days into perspective with what were seeing today you are one of a top Financial Adviser in this country. Whats the word . Well, i think any objective way of looking at this, the market is pricing in a lot of good news at large i think thats what you heard from david tepper. Its hard to find anybody that disagrees with that. I think in the very short run theres asymmetric risk to the downside market vs mos have moved a lot as we move to open in the recession ends and the recession will end in is an engineered re
Is putting money on hold we have a packed show for you today but lets start by tracking the coronavirus. The global death toll for the corona virus now at nearly 20000. 00 with more than 430000 come from cases the World Health Organization recommended fix actions that all government should take to prevent the spread of the coven 19 birds expire on train. Your head is clear and public workforce and. Implement a system to fly every suspect to a community level. So ramp up Production Capacity and i vill ability of testing. For death i didnt doubt. You would use to treat and i usually to patients the last 2 actions were to develop a clear plan for those who are quarantined and then refocusing government on suppressing the virus well europe still the epicenter of the cove in 1000 as italy saw an increase once again in its death toll this after 2 similar days of numbers suggesting that the worst may not be over for the country spain also recorded a higher number of deaths with a total of 343
Should take to prevent the spread of the coven 19 birds expire on. Your head was clear and probably killed would force. Implement. To fly very suspect to a community level. Production. Of testing. For the i didnt. Keep was we need to see you will use to treat. Patients the last 2 actions were to develop a clear plan for those who are quarantined and then refocusing government on suppressing the virus well europe still the epicenter of the covert 19 as italy saw an increase once again in its death toll this after 2 similar days of numbers suggesting that the worst may not be over for the country spain also recorded a higher number of deaths with a total of 3434 this is the 2nd highest death toll in the world and the 2nd worst hit country in europe following italy and germany now has more than 35000 cases and a low number of only 181 deaths but even with a comparatively low death toll president of germanys robert Coach Institute the National Agency for Disease Control and prevention said