We are ready to go now. Take it all for joining the first remote hearing of the subcommittee on select revenue measures. We find ourselves in challenging times as evidenced by this new method of conducting Community Business in accord with the Public Health and safety recommendations. But the challenges we encounter here in congress are small compared to what i hear and see and what i am sure all of you here and see in our communities. Im glad we can move forward into the work that our constituents need given the difficult economic situations in which so many find themselves. The covid19 recession has laid bear the economic struggles of millions of American Families with almost no warning the shutdown claimed tens of millions of jobs, and American Workers and families felt the ground ball from under them. Many had been just barely scraping by and unable to save much for a rainy day, and the sudden loss of income has left them nothing. Food banks are Unprecedented Demand in the country
U. S. Senate when they return here on cspan2. Next a house ways and means subCommittee Hearing on efforts to provide tax relief to low income workers, minorities, women and families affected by the coronavirus pandemic. Witnesses include representatives from the National Womens law center, Georgetown University poverty and inequality center, the American Enterprise institute and Childrens Health watch at Boston Medical Center. We are ready to go now. Take it all for joining the first remote hearing of the subcommittee on select revenue measures. We find ourselves in challenging times as evidenced by this new method of conducting Community Business in accord with the Public Health and safety recommendations. But the challenges we encounter here in congress are small compared to what i hear and see and what i am sure all of you here and see in our communities. Im glad we can move forward into the work that our constituents need given the difficult economic situations in which so many fin
Instead of. Pushing. Thanks for joining us fears over a 2nd wave of. Global stock markets tumbling again in new york. The worst since the. Hopes that. The horizon. Markets in asia are down to losing around one percent. For more on those dramatic losses on the Global Stock Markets im joined by our plans will correspondent its called red boots and in frankfurt called red share prices around the world collapsed when the pandemic hit then they bounced back surprising us all but it seems they got a bit ahead of themselves oh yes terry you know when the 1st lock downs happened in march and april many people on the markets quickly became pretty optimistic that a quick recovery of the economy would be possible turns out now with the lock downs lifted we are seeing this is not the case you know here in germany the retailers have been open for a couple of weeks now. And business is very slow people with those social distancing rules are very careful shopping is no fun and of course many people i
Instead of going to school many kids work long hours to help their families pay the bills. And good to have you with us fears over a 2nd wave of Coronavirus Infections have sent Global Markets tumbling again in new york on thursday. Plunged 7 percent the worst days since the march. Had surged over the last month as easing. Hopes that the Global Economic recovery was on the horizon but now markets are losing. European shares. For closer look at those markets im joined now by our financial correspondent coned bose in frankfurt corette share prices around the world collapsed when the pandemic hit then they surprised us all by bouncing back again but it seems they got a bit ahead of themselves. Oh yes terry of course this morning here in frankfurt it looks like the slump has momentarily at least come to a halt but obviously the optimism expressed by the rising stock prices in recent weeks was over down you know the german share index stacks from the middle of march to the beginning of this
They said this happened despite the moratorium on evictions. This behavior is shocking at any time and particularly shocking during the covid19 crisis. Reporter named in the lawsuit is the landlords and a moving company. The city is asking for a restraining order to block homeowners from further harassment. Reporting live , henry lee, ktvu fox 2 news. There are more than 86,000 coronavirus cases here in california. That is an increase of 2100 new cases in the past 24 hours for the number of people who have died is now at 3500. That is a 106 uptick since yesterday. More than 1 Million People have been tested for covid19 in california. The National Unemployment rate is three times greater than it was in the 2008 recession. Here are the very latest unemployment numbers. An additional 2. 4 million job claims were filed last week bringing the total to 38. 6 million over the last nine weeks, 70 of americans. Heres more on the story from tom vacar. To consider this, its as if the United State