Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
Lockdown in wales will last for three more weeks at least but children could return to schools there after the february half term. Around 300,000 people are expected to leave hong kong for britain using a new visa route which opens on sunday. Investors respond with outrage after Trading Platforms halt the buying of shares in the us games firm gamestop and other companies. It follows days of frenzied trading that led to a massive increase in its value. Hello and welcome if youre watching in the uk or around the world. A new Coronavirus Vaccine has been shown to be 89. 3 effective in large scale uk trials. The novavax jab is the first to show it is effective against both the uk and South African Variants of the virus. As you can see from this graph, the uk has secured 60 million doses of the jab, which will be made in stockton on tees. The doses are expected to be delivered in the second half of this year if approved for use by regulator. Meanwhile, the European Medicines Agency will mee
We are watching the hang seng index. Australias market is only higher by 0. 3 . But we had this news that china will allow australias cargo to come ashore. Lets have a look at stocks. Clearing exchanges in focus. The u. S. Approved legislation that could lead to chinese firms getting kicked off american exchanges. Also getting a call from sidney. Tak is down 1. 4 . ,his big surging iron or holding at a record. In recent weeks, weve seen pickup of state owned enterprise default in china that have jolted the credit markets and rattled investors. One company in the spotlight is ever grand, which has accumulated the biggest debt in global real estate. We are joined by Stephen Engle in hong kong. In ournt to bring distinguished guest, the ceo and cofounder of sc lowy in hong kong. A bank and manager that specializes in distressed and highyield debt. Good to see you. You spoke to bloomberg about a month ago and you did talk about ever grand. We know that they have taken steps to increase or
Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
They were expelled for endangering national security. Anyone who has takean oath and served as legislative counsel but thereaer they have engaged in activities which are bridging those requirements that they should immediately lose their qualification to become legislative counsel. The four prodemocracy lawmakers spoke to media after they were unseated. One of the members called their disqualification a breach of basic law and their rights. Today is the hardest or saddest day of hong kong, but i would certainly promise that i would go along if all the people iphong kong continue to fight for the core values of hong kong, freedom, democracy. And we should never give up. The disqualifications come after chinas state run news agency reported beijing as optative legislation allowing hong kong to disqualify anyone. Earlier this week 19 prodemocracy Lawmakers Said they strongly oppose the move and threaten to resign en masse if any were excelled. They awe appear to be following through with