Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the 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 examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
Month high and europe a different story. The economy lost momentum unexpectedly. Michael is here for the breakdown. Michael the narrative in europe playing out as europeans forecasted. They are now seeing a covid come back and slowing Economic Data. Indexes, thetiment pmis, is this month better than last month or worse . The consensus is it was not as good or worse. You can see all of us the euro zone in france, germany, they saw declines in the manufacturing and services pmi and france taking a big hit, dropping into contraction territory for the manufacturing pmi. Germany a little better. Manufacturing improved but services and composite well. Composite in all three areas following the weakest representing three position of lockdown measures due to the current flareup of the virus in europe. Those of the countries that a lot of in the curve. We saw in the minutes earlier this week at the ecb that policymakers are reluctant to embrace the forecast at the july meeting because they were
Blasting off, Team Bidenharris hoping to win back the white house from President Trump and Vice President pence, job creation, clean energy, Social Security and medicare protection s all on the docket as well as tax hikes for the rich and on large corporations. Our allstar panel will duke it out, and react. And in his first interview since joe bidens acceptance speech last night, Billionaire Hedge Fund giant and democratic fundraiser mark lazzry is here is he ready to pay more taxes under a Biden Harris Administration and why he says, centrists should not fear a bidenharris ticket and by the way, well forgive mark because hes really celebrating today hes the owner of the Milwaukee Bucks. They won last night, and well ask him about the nba bubble versus Major League Baseball cancellation culture, as well as yet another game getting postponed due to covid19. Tesla election trish regan fridaying its way past one of the biggest names in stocks the company now being called the new apple, as
Response to the rest of the country disputed president ial election as protests there introduce new phase with demonstrators giving hugs and kisses the troops who lowered their shields. Of the morning here in moscow good morning from russia than my name is kevin owen youre watching out international at the weekend 1st this hour the scandal over covert 19 testing is rocked the german state of bavaria some 900 travelers returning to the region tested positive but they were left to bolivias to that because the government failed to deliver the results or your correspondent peter oliver picks up the story theres been a huge blunder in the states if the varia with a 44000 corona test a backlog. 900. 00 of those still waiting for their results and known to have tested positive the man in charge of germanys largest state says hes sorry for the delay is to the example starts to get a relight entire State Government is sorry that these mistakes happened both the minister and also me personally t
A halt in the fighting. This sacred duty is my number one priority between now and election day a pledge to deliver election ballots on time as the controversial head of the u. S. Postal service is questioned over a mail in vote. Mexicos president goes on the defensive after new footage shows his own brother receiving money from an official. So the russian doctors treating one of the kremlins biggest critics for suspected poisoning have now agreed to him being fined to germany for medical treatment the doctors in siberia backed down after initially insisting alexina valmy was too ill to be moved hes in a coma in hospital after collapsing on a plane on thursday this report from roy hallums. Whats going on inside this regional russian hospital is army slightly clearer than whats going on inside the body of its most famous patient with a plane waiting in to take it on conscious elects a no need to germany doctors spent most of the day saying he was too sick to move then late on friday a c