Based on the risk off the further markets. It is time now for global exchange. We will bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. Where to begin in asia, the coronavirus continues to spread in china, with the number of confirmed cases climbing above 75,000. Engle. Me is Stephen Stephen for the second time in about a week, china has rejigged its methodology for how to classify confirmed cases of the coronavirus in china, that has led to this now becoming a bit of a global crisis. We are seeing more speculation that the data we are getting is we necessarily reliable, or are seeing a significant dropoff in the number of confirmed cases. In hubei province, just 349 new cases reported overnight. Is that because of the new methodology, or do they have the containment efforts under control . That is raising a lot of confusion and questions. Also, it adds to suspicion that officials in china may be prema
Back of that data. Refinery utilization was positive by 1. 4 . The market was looking for that to go into the negative by 0. 5 . Crude Oil Inventories rising by 415,000 barrels only last week. Gasoline inventories was a drawdown of nearly 2 million barrels. Lets check u. S. Markets more broadly. The major indices are really unchanged, but we have a few major movers, including viacom cbs, which disappointed in its First Quarter as a combined company. Investors are really punishing that stock. Guy a bit of breaking news, the unicredit boss looks like he is emerging as a potential hsbc ceo to get the job. Remember, noel quinn currently yethe interim ceo at hsbc, the interim ceo putting out a is involvingk that deep changes in the way hsbc runs its business and potentially a retrenchment back to the middle east and into asia in particular. He thousand jobs potentially going even further down the road. There were Big Questions as to whether or not noel quinn would ultimately be the person t
Heres the hour and 40minute hearing. Good morning. Come to order. We thank everyone for joining us this morning. We want to thank the witnesses for taking the time to travel across the country and take time away from their businesses in some instances to have this important discussion. As is the case with these hearings, there will be members coming and going. There are overlapping hearings in other committees so youll see folks come and go throughout and ask questions. We just bear ask your your patience in bearing with that as well approximately farming and agriculture are at the heart of strong economies around the country. Investing in ago culture is crucial to ensuring our communities can thrive. Coming from colorado i understand the importance it has on our states way of life and economic wellbeing. Nearly half of our acres are dedicated to over 30,000 farms and ranches, many of which are small, locally owned. Cattle, corn, wheat and dairy, but small farms are raising bison to os
Technology on farming. We heard about innovations and how federal policy including rural access to Broadband Internet can help in the development of agriculture. Good morning. We thank everyone for joining us this morning for our first Small Business Committee Hearing of 2020. I want to especially thank the witnesses for taking the time to travel across the country and take time away from their businesses in some instances to have this important question. As is the case with these hearings, there will be members coming and going. There are overlapping hearings on other committees so youll see some folks come and go so we ask for your patience in bearing with that as well. Farming and agriculture are at the heart of strong economies around the country. Investing in agriculture is crucial to ensure that our communities can thrive. Coming from colorado i understand the importance that farming and agriculture have on our states way of life and economic wellbeing. Nearly half of colorados 6
Everyone for joining us for our first Small Business committee during a 2020. I want to especially thank the witnesses for taking the time to travel across the country to take time away from their businesses in some instance you have this important discussion. As is the case with these hearings, there will be members coming and going forward, or overlapping hearings and other committees so you will see some folks come and go through out and ask questions, so we just ask for your patients in bearing with that as well for. Farming and agricultural are at the heart of strong economies around the country. Investing in agriculture is crucial to ensure that our communities will thrive. Coming from colorado, i understand the importance that farming and agriculture have on our states way of life and economic wellbeing. Nearly half of colorado 66 million acres are dedicated to over 30,000 farms and ranches. Many of these are small, locally owned operations. Colorado is a leading producer of cat