Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
Overturn proposition b. And before the session even started there were bills that were pretty filed to do just that you feel bad because it was repealed but you know all of your work paid off just made a dramatic difference for this i mean just the fact that almost half these facilities are out of business who could have envisioned that things are definitely much improved with many of the worst operations but you still have chronic while leaders who are operating you still have a humane treatment. And you still have this defiant attitude. Some folks believe they can do whatever they want there are so many issues out show many porton issues and everybody is struggling in their own way that we dont necessarily want to pick up the other guy struggle eventually i have to go back into my town and face this neighbor and face the other neighbors and i will meet them at church ill meet them at the Grocery Store for me to make the rest. And responsible. And i think this is where the. We really
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
Stage an uprising over the euro grew presidency striking a blow to the blocks major powers. Merkel says the eu needs to combine aid with rome forms reforms in a message to the fruit before. Equities slip. Stock rallyhot cools. State funds start selling, assign the government wants to slow the surge. Daily virus cases in the u. S. Continue to hit new highs, worrying investors. Stuck in the middle. Global banks risk being caught in the crossfire of chinas new law in hong kong. U. S. Sanctions against it as compliance with one may mean breaching the other. Just under an hour away from the start of cash equity trading across the road. Take a look at futures here. We are looking at red arrows. Not a lot of size there. If you look at u. S. Futures, red arrows that are much bigger. 5 10 of a percent losses. S p down. Nasdaq looking a lot more risk off in terms of the futures contracts then european futures contracts do. What do you see on the gmm . Anna the selling you were talking about in c
House. And later, advancing Health Equity founder and ceo dr. Uche blackstock joins us to discuss covid19s impact on minority communities. Another ruling on the Affordable Care act, the Supreme Court ruled 72 yesterday in favor of a 2017 Trump Administration rule extending the exemption to the Affordable Care acts birthcontrol mandate. It is thursday, july 9, 2020. Good morning, and welcome to washington journal. We open the show and ask whether support employers decided denying contraceptive health care to employees. Here is how to join the conversation. If you support the exemptions, two of 274s 88000. Two748pose, it is to 80001. Commentsost additional at facebook. Com cspan. , specificallyting on that case, the New York Times this morning with a graphic on how justices voted and how people for it feel about where the public stands on this issue. They write the Affordable Care act requires Health Insurance plans for women include coverage for contraceptives, Birth Control, but the Tr