Including Broadband Access during coronavirus expanding broadband to rural areas telehealth funding and president trumps executive order on social Media Companies. Three hours 25 minutes. Good morning this hearing will come to order todays hearing on the oversight of the fcc. And they are here today and a special welcome to our a distinguished panel for appearing today we will hear from sec chairman pai commissioners. The sec is the nations primary regulator interstate and International Communications networks a core part of the agencys mission is to ensure all People United states have access to rapid and efficient nationwide Communications Services at reasonable prices never before has the responsibility to achieve this mission have been more important covid19 spotlight on the Communications Networks in the American Peoples access to Broadband Service since march there has been a dramatic and sustained a surge in Internet Usage us networks have performed well and we are much better t
Adding that zte and huawei are required to turn over data and information that they collect to chinese intelligence. Fccs designation comes as beijing tightens control over hong kong, putting into effect a sweeping National Security law that completes beijings takeover of hong kong. Hong kongs leader, carrie lamb, supporting that takeover and the end of civil rights in hong kong. Prodemocracy groups say this is the end of the hong kong the world once knew. On monday secretary of state mike pompeo announced the United States is stopping the exports of defense equipment to hong kong. The state Department Also imposed the same restrictions on defense and dualuse technology. Last year the United States exported more than 75 million of military equipment to hong kong, most of which was in the form of engines and turbines, 3. 5 million though marked as tanks, artillery, missiles, rockets, guns and ammunition. Secretary pompeo said, quote we cannot risk these items falling into the hands of t
Adding that zte and huawei are required to turn over data and information that they collect to chinese intelligence. Fccs designation comes as beijing tightens control over hong kong, putting into effect a sweeping National Security law that completes beijings takeover of hong kong. Hong kongs leader, carrie lamb, supporting that takeover and the end of civil rights in hong kong. Prodemocracy groups say this is the end of the hong kong the world once knew. On monday secretary of state mike pompeo announced the United States is stopping the exports of defense equipment to hong kong. The state Department Also imposed the same restrictions on defense and dualuse technology. Last year the United States exported more than 75 million of military equipment to hong kong, most of which was in the form of engines and turbines, 3. 5 million though marked as tanks, artillery, missiles, rockets, guns and ammunition. Secretary pompeo said, quote we cannot risk these items falling into the hands of t
Secondquarter rally to 20 . The dow jumping 18 . However, dr. Anthony fauci today, the nations leading disease expert, said cases could soar if behaviors do not change. Fed chair jay powell said getting the virus under control is just as import does the u. S. Economy itself. Abigail doolittle has been covering the ups and downs. What is driving all of this . Abigail behind the rally we had today and yesterday, i think it is just a cushion to the end of this banner quarter. Investors wanted to make sure they locked in the gains. Fundamentally, not a lot changed. There was some fundamental economic data. Little bit more positive, some Chip Companies put up some good quarters. From the factr that there could be some more Companies Boycotting but a bit of a rebound rally. Confirming the risk on mood company 10 year yield higher. Bonds are lower on the quarter. 20 on the up about quarter. Treasuries higher. You do not often see that, where you have bonds and stocks. The same time, Precious
Federal Communications Commission or the f. C. C. Has of fish really does ignited to Chinese Telecom companies as National Security threats will the 2 companies walk away and have been heavily criticized by the Trump Administration for the past several years but this latest doesnt nation is significant as it severely limits access to u. S. Government subsidy programs in a statement from a c c chairman the agency says with todays orders based on the overwhelming weight of evidence the Public Safety and Homeland Security bureau does ignited while way and as National Security risks to Americas Communications networks and to our 5 g. Future meanwhile in response the Chinese Government has issued its own statements about the designation saying that the u. S. Is by a lady its own economic principles. Made under this kind of an economic boycott by the u. S. It was a boy in the. U. S. Is that because. Is it time for hitting us operators from buying war way in c. T. Equipment may not help impro