Good morning. The subcommittee will come to order. Welcome everyone. A quorum is present and i know for the subcommittee and from florida and michigan and texas and tennessee michiga michigan, kentucky, wisconsi michigan, kentucky, wisconsin,. Pennsylvania, mr. Johnson of south dakota and pennsylvania they all have committed to participate in todays hearing that the questions will only come after the subcommittee of workforce protections on both sides of the aisle are present either in person or via remote participation due to House Resolution 965 and the accompanying regulations and had an opportunity to question the witnesses the subcommittee is meeting today for a hearing on examining the federal governments actions to protect workers from covid19 both in the hearing room and for those members participating remotely you will be kept muted as a general rule to avoid any unnecessary background noise members will be responsible for and muting themselves when they are recognized to spea
Surpasses its nordic neighbors. We hear from magdalena andersson. Good morning, good afternoon, good evening, everyone. This is bloomberg surveillance. Im Francine Lacqua in london. Lets look at the markets to give us a sense of what they have been doing. Stocks in europe are rising with u. S. Equity futures. Easingconomy lockdowns in some major countries seem to be Calming Anxiety because geopolitical tensions between the u. S. And china. Shares off in hong kong and sydney. Treasuries dipping in european trading after the threeday u. S. Weekend. I am also looking at wti. That is advancing past 34 per barrel and new york in hopes that the market may actually rebalance after historic output cuts. Lets get straight to the bloomberg first word news. Virus hotspot of europe, yesterday, italy reported the fewest new cases since february. Daily fatalities in the country were below 100 for a second day. It comes as the global death toll tops 340,000, with nearly 5. 5 million cases. Prime mini
Remain independent. Economy ts, the global takes precedence over the geopolitical tensions between the u. S. And china. The price of the bailout. Brussels set its criteria for backing the state aid pac package from berlin. We are just under an hour away from the start of cac equity trading in europe. Ets take a look at where the u. K. Markets were closed yesterday. They didnt get that take part in the risk on rally that we saw across the continent. We also see u. S. Equity futures rising. U. S. Cash trade was also closed yesterday to honor the memorial day holiday. As a result we see futures in new york up about 2 on the dow and nasdaq futures as well as s p futures up 1. 8 right now. Lets get your first word news. Here are todays top stories from the bloomberg terminal. Once a virus hot spot in europe, italy reported the fewest cases since february. Below 100 for a second day. The global death toll tops 340,000 with 5. 5 million cases confirmed. In england, Outdoor Markets and car sho
To this virtual hearing the honorable steven mnuchin, secretary of the department of treasury and the honorable jerome powell, chairman of the board of governors of the Federal Reserve system. We will receive testimony from the secretary of the treasury and the chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A large portion of this funding is authorized under title iv of the cares act which provides resources for loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and programs in support of eligible businesses, states, municipalities, and tribes. Title iv of the cares act provided 454 billion as an infusion into the Exchange Stabilization fund to support the Federal Reserves emergency lending facilities that facilitate liquidity in the marketpl
A quorum is present and i know for the subcommittee and from florida and michigan and texas and tennessee michiga michigan, kentucky, wisconsi michigan, kentucky, wisconsin,. Pennsylvania, mr. Johnson of south dakota and pennsylvania they all have committed to participate in todays hearing that the questions will only come after the subcommittee of workforce protections on both sides of the aisle are present either in person or via remote participation due to House Resolution 965 and the accompanying regulations and had an opportunity to question the witnesses the subcommittee is meeting today for a hearing on examining the federal governments actions to protect workers from covid19 both in the hearing room and for those members participating remotely you will be kept muted as a general rule to avoid any unnecessary background noise members will be responsible for and muting themselves when they are recognized to speak or when they seek recognition a rollcall is not necessary to establ