What is true what is fake. In a world corrupted you need to descend. To join us in the death. Or inmate in the shallows. I. This is boom bust the one thing in the show you cant afford to miss friendship or in washington coming up with less than a week until the United States election g. D. P. That it is out in the nation of the seen its fastest growth ever amid the copen 1000. 00 crisis but the economy is still far from a full recovery straight ahead we break down the spike in growth and the economic state of the nation plus big tech is back under fire as some of the most powerful people in the sector face down Congress Later on and we bring you up to speed on the meetings and what regulation we could see moving forward with a packed show today so lets dive right in. And we lead the program with the latest Economic Data out of the United States the u. S. Economy grew at a record 33 point one percent annual rate for the 3rd quarter of this year increasing 7. 4 percent over the 2nd quart
Delving deeper into any of those stories id suggest a good place to start is r. T. Dot com you cant add always being out there to help you ease into the weekend by for no. One else seems wrong but well just dont have all. The world yet to see how this day comes to cancel. And in again because the trail. Went on many find themselves worlds apart we choose to look for common ground. I. This is boom bust the one business show you cant afford to miss for in washington coming up with less than a week until the United States election g. D. P. That it is out in the nation of the seen its fastest growth ever amid the copen 1000. 00 crisis but the economy is still far from a full recovery straight ahead we break down the spike in growth and the economic state of the nation plus big tech is back under fire as some of the most powerful people in this sector face down Congress Later on and we bring you up to speed on the meetings and what regulation we could see moving forward with a packed show t
This room, for guidance from the office of attending physician, masks must be worn at all times during todays proceedings except when a member or witness is speaking. Please also sanitize your seating area. They view these as a safety measure and an important matter of order and decorum for this proceeding. For members participating remotely, please keep your video function on at all times. Even if you are not recognized by the chair. Members are responsible for muting and unmuting themselves and please remember to mute yourself after you finish speaking. Consistent with House Resolution 965 and the accompanying regulations, staff and members will view it as appropriate when they arent under recognition to eliminate background noise. I see that we have a quorum and i now recognize myself for opening remarks. Let me welcome our witnesses as ive let the Ranking Member know. Ill be going considerably longer than the customary five minutes. My statement this morning and, of course, ill yie
Others physically present in the room for guidance from the office of attending physician, masks must be worn at all times during todays proceedings except for the member or witnesses speaking, please also sanitize yourss seating area we use these chairs as a safety issue in an important matter of order and quorum for this proceeding. For members participating remotely, keep your video function on all times, when you are not recognized by the chai. Members are responsible for mutating and on muting themselves and please remember to meet yourself after you finish speaking. Consistent with House Resolution 965 in the accompaniedr regulation, staff only mute members and witnesses as appropriate when they are not under recognition to eliminate background noise. I see that we have a quorum and i now recognize myself for opening remarks, let me welcome or witnesses as i let the Ranking Member know, ill be going considerably longer than the customary five minutes by my this morning and ill yi
Richard we think the additional fiscal support will likely be needed. I think, it is very clear that the cares act, which passed in march was a historic government response to a historic crisis. A thrill that a 3 billion dollar package provided significant support to the economy. The economy has made a lot of progress, about 11 million jobs have returned, but there is a deep hole. Steve, theng us is portfolio manager. I wonder if you can piece those two things those two things together. It seems like there is still a rotation. Fed official after fed official are calling for more fiscal stimulus that we will not get. Steve i think we are going to get it, but not before the election, because i think it is a political football, and now you have the Supreme Court battle that will show us that will suck all of the air out of the room. After the election, or in the new congress if one side or the other scores a victory. You will get additional fiscal support. I think it makes sense, the econ