Comptroller of the currency, the Senate Banking Committee Received a 6month update on the state of Banking Systems, the impact of covid19 and support for Small Business owners in communities of color. This runs an hour and 45 minutes. Today we welcome to this virtually hearing the federal prudential regulators, Federal Reserve vice chairman Randal Quaries, office of the comptroller, brian brooks, chairman of yellen and mcwilliams, chairman of the National Credit administration rodney hood. We will receive testimony from each agency on efforts, activities, objectives and plans since we last testified before the committee. As well as an update on covid19 related actions. Since the passage of the coronavirus a relief and Economic Security act or cares act your agencies have taken many meaningful steps to ameliorate the Economic Impact of the pandemic as you provide conditions that will lead to a forceful recovery. On october 30th the Federal Reserve announced changes to its facility inclu
University system. Retail post pandemic getting perhaps even grimmer as another Department Store set to announce bankruptcy taking on the fed. Druckenmiller calling out the fed. It is wednesday, may 13. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good morning welcome. Im Brian Sullivan thank you for spending your time with us here on cnbc it is a big news day from wall street to watch. Futures are basically flat, slightly higher. It could change. It is early. The dow closing down another 450 points yesterday for the second straight day of losses the nasdaq finally snapping a sixday win streak falling more than 2 on the day yesterday, futures basically flat now as well as investors continue to weigh comments from dr. Fauci warning of a second outbreak this fall if states move too quickly to reopen my approach towards the possibility of a rebound and second wave in the fall is that, a, it is entirely conceivable and possible and, b, i would hope between
Order. Before w we get started. I am gratified by the work that is being done throughout the district from our Virtual School at home to the admin working diligently, our teachers are amazing. Our families are teachers as well. The Leadership Team is amazing. These are unusual circumstances. It is a crisis and people are feeling it. I think our school board as well has risen to the challenge. We want to thank everybody and show our appreciation. With that. General information. Items of approval of board minutes of the regular meeting of april 14. So moved. Second. Any corrections . Roll call vote, please. Ms. Collins. Yes. Mr. Cook. Ms. Lam. Yes. Ms. Lopez. Yes. Mr. Sanchez. Yes. Thank you. Item 2. Is superintendents report. Thank you for the opening remarks. Tonight i want to highlight three of those areas that president sanchez was giving accolades to. I want the community to know the San Francisco School District resource link is a new service to navigate the resources during the Di
Which will hit in b about an hours time. The s p up by just three basis points coming up on todays show, former National Economic council dr director, gary kohn, will join us about reopening the the economy. The debate over funding for states and the Small Business ppp funding. Plus, a flood of big name earnings set to hit this afternoon including as you mentioned, alphabet. Starbucks, ford, am well also speak with the ceo after his Company Reports earnings, what consumers are doing and how much theyre snacking around the world. Lets focus on one hour of trade. Mike is tracking the Market Action in whats shaped up for a volatile day meg has Quarterly Results from big pharma names mike, start us off with the brorder market of what you seeing some pretty strong opposing currents holding the index in a steady mode. Look at the s p 500. This goes back a couple o years because i want to point out the areas that were encountering with this rally. Here we are around 2880. That takes us back t
Our Virtual Meeting is called to order. Before w we get started. I am gratified by the work that is being done throughout the district from our Virtual School at home to the admin working diligently, our teachers are amazing. Our families are teachers as well. The Leadership Team is amazing. These are unusual circumstances. It is a crisis and people are feeling it. I think our school board as well has risen to the challenge. We want to thank everybody and show our appreciation. With that. General information. Items of approval of board minutes of the regular meeting of april 14. So moved. Second. Any corrections . Roll call vote, please. Ms. Collins. Yes. Mr. Cook. Ms. Lam. Yes. Ms. Lopez. Yes. Mr. Sanchez. Yes. Thank you. Item 2. Is superintendents report. Thank you for the opening remarks. Tonight i want to highlight three of those areas that president sanchez was giving accolades to. I want the community to know the San Francisco School District resource link is a new service to nav