God save the United States and this honorable court. We will hear argument this morning in case 19 840, california versus texas and the consolidated case. Mr. Chief justice and may it please the court, this Court Construes section 5008 of the Affordable Care create choice. Either obtain the Health Insurance or pay the tax in 2017, in 72 congress did not change sub a or sub b. 5000 a still presents a choice. Either by insurance or do nothing. That provision does not harm anyone and it does not violate the constitution. Respondents insist the 2017 amendment requires the court to tear down the entire aca. [no audio] instruction of the same tax. It is at odds with how congress and the same president understood the amendment and would be understood to do exactly what this court said would be unconstitutional. Second, respondents argue that provision isgle unconstitutional, then every other provision must fall. The starting point of every remedial analysis would be the strong presumption in
Masterca mastercard, microsoft and u. P. S. All lower on the back of their results as well. Bund yields and oil are lower. Tenyear yield, 0. 77 . All 11 s p 500 sectors are lower, sharply lower thats the heat map of all s p 500 stocks very few are green as you can see above me just less than 3 of declines for all three of the major indices, sara. We will ask allianz chief economic adviser mohammed elbrian. Monitoring two live events at this hour, expected speech from french president emanuel macron and a statement from dr. Fauci mike santoli covering the market selloff meg tirrell with more details on the covid spike in the u. S. And europe and ylan mui start us off with the selloff, mike starting to do some damage third day in a row for the s p. Its starting to cut a little deeper the hope gave way and did accelerate the down side multiple pressure points on this market causing investors to have a harder time looking across this valley of growth, right covid case cuts. We dont know wh
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the subcommittee will come to order. Welcome, everybody to these hybrid hearing. Pursuant to hells rules, most members will appear remotely. I may be the only member appearing in person. Although all three of the witnesses are here in person. We appreciate that. Since many members are appearing by webinar and let me remind everyone pursuant to the guidance all individuals attending in person must wear a face mask. Im wearing mine except to make the statement. Members not wearing a mask will not n be recognized and thank yu for reminding us for those appearing in person, actually they a are not. A timer is visible in the room directly in front of you and for those appearing remotely i know you are familiar by now but let me remind everyone of a few points. First you will be able to see each person speaking w
And subcommittee on Global Competitiveness will come to order. I know this seems a little strac strange with an empty room except for three witnesses live in front of me and many of our colleagues are going to be joining us virtually. But i want to welcome all of you nonetheless to this important hearing. This subcommittee continues to do its work in exploring the unfair trade practices of foreign governments, especially china and russia. The topic of censorship in china is a common one because it is growing effect on business in the United States as well as culture. Last fall, for example, the National Basketball association had the Market Access blocked in china because an individual american citizen using a media platform not allowed in china expressed a political opinion. Now the topics have become more manufactu important. The timely information about the spread of covid19 due to chinese censorship has contributed to the havoc wreaked on our economy and health and indeed the pande
We met good afternoon. Thank you for tuning into our lifestream. Im a University Professor at the university of toronto. Before get started, we need to acknowledge his land on which the university of toronto operates, without of the credit rivers. Home to many indigenous people, we are grateful for the opportunity to work on this lan land. University of toronto also extend solidarity with protests against systemic racism and discrimination. I have a great pressure of introducing Katherine Gehl shes a business leader, author and speaker she is the founder of the institute for political innovation and the ceo of innovations think about the intractable problems but catherine was formerly the president ceo, 250 milliondollar hightech food manufacturer. She holds degrees from notre dame, and Northwestern Kellogg School of management page lives in wisconsin with her two children. And that is where is calling in from today. The special honor to host Michael Porter, diversity of lawrence profe