Lows fausting with a relief after more than 1hundred points lost in just two days. Investors are getting back into this market and theyre bargain hunting because the bottom line, yes, there is fear about the coronavirus but no one really knows what is going to happen. Weve seen a page from this kind of playbook before. Markets do tend to claw their way back. When ebola was a threat of july 2014 to march of 2016, there was a lot of volatility but the dow only lost half a percent overall. For sars, november 2002 to july 2003 the dow gained. From september 2001 to october october 2002 the dow lost a little more than 17 . You look at history, get a sense how investors reacted to all kind of different events, ebola, sars cases, they say that they tend to be blips, not events that define the market. Major corona headlines breaking today, the cdc confirming 14 cases of coronavirus and a u. S. Soldier in south korea testing positive as well. That is not to say this isnt something to worry abou
[applause] good evening, everyone and welcome to the New York Historical society. Im the president and ceo and im thrilled to see all of you in our beautiful auditorium this evening. Tonights program the life and Turbulent Times of chief Justice John Roberts is a part of our distinguished Speakers Series and as always i would like to thank you for your tremendous support which has enabled us to bring so many fine speakers to the stage. [applause] id also like to recognize and thank a number of trustees that have joined us this evening susan, joel, james reed and id like to think each and every one of you coming of michael weinberg. How did you not appear on my list. In any event, id like to thank each and every one of you for joining us this evening and for all the work you do on behalf of New York Historical. And i should say leading up to the weekend with history and just a couplin justa couple of o give special recognition to the chair of the chairman of the council and deputy cocha
Our distinguished speakers series. And we welcome our find speakers to the stage. [applause] i like to recognize and thank the trustees who have joined us this morning. Duty berkowitz, suzanne x, joel pickett and size sternberg. I want to thank each and every one of you and Michael Weisberg. How did you not appear on my list . In any event i would like to thank each and every one of you and thank you for all you do on behalf of New York Historical. I should say leading up to the weekend with history in a couple weeks i want to give special recognition to the chair of our chairmans counsel, and Michael Weisberg who is the beauty cochair along with suzanne pack, thank you. And thanks to the chairmans councilmembers who are with us tonight. This program lasts about an hour. The q a will be conducted on notecards, you should have gotten a written note card and pencil, my colleagues are going up and down the hour with notecards and pencils. Your questions on notecards will be collected late
Good morning, this hear is cool called to order. I want to welcome all the witnesses and thank you for your thoughtful, written testimony and looking forward to your oral tangherlini. Id ask my written Opening Statement be entered into the record. I want to make a couple comments. About really kind of what i want to see the goal of this hearing to be. Its similar to the the goal of every hearing is a base account problem solving process. This committee under my chairmanship developed a a Mission Statement to enhance the National Security of america to promote more effective and accountable government. The reason im pointing it out today is i cant think of a hearing that that Mission Statement is more applicable to. When we Start Talking about 5g were talking about the Economic Opportunity and the National Security risks. In order to take advantage of that and avoid the National Security risks. We need more effective government to step up to the plate to compete against what unfortunate
Test. Test. Test. Test. Test. Test. We have really good arms in aa and aaa. I agree we need to work on the supply chain. President trump signed an executive order on may 15th of this year to declare it a National Emergency to supply to protect our Domestic Communications technology and that will soon be followed by binding regulations later this year. I think we 100 agree with the idea of virtualization will be very important to allow the breakup of the propriety lockins that many providers have today. It could be very competitive with regard to some of the current providers. On the mid band point, under the tmobile sprint merger, theyre required to cover 97 of the u. S. Population and six years cover 99 of the u. S. Population. Theyre going to proceed on the 3. 5 gigahertz midband spectrum next summer. But the millimeter wave is going to be so important who are going to require throughput. Thats the kind of beauty of that technology, it doesnt go as far, but it has the greatest amount