The committee on health education, labor and pensions will please come to order. First, the usual administrative matters like the theater announcements we use to receive, we are getting used to those, we follow the advice of the attending physician and sergeantatarms consulted with all the right people, we are seated 6 feet apart, that means no room for public or the media here but the media is participating and we hope the public is as well. And the videoconference is a real change for the United States senate and a very welcome one because it makes it possible to attract witnesses who have busy schedules on the same day such as today, by video conference, you may remove your masks since were 6 feet apart. The sergeant at arms, press gallery, architect of the capital, capital police, committee staff, Evan Griffiths for their hard work to keep us safe. We will each have an Opening Statement and we turn to our witnesses we thank for being with us today, each witness we ask you summarize
Www. Health. Senate. Gov is our website. I think it makes it possible for us to be table to attract witnesses who have very busy schedules on the same day such as today. Some senators are participating by videoconference. Senators may remove their masks since were 6 feet apart. Im grateful to the rules committee, the sarge want at arms, the press gallery, the capitol police, our Committee Staff for all their hard work to help keep us safe. Senator murray and i will each have an opening statement, and then well turn to our witnesses who we thank very much for being with us today. Each witness we would ask that you summarize your remarks in five minutes, which will allow more time for the large number of senators who we expect to participate to present their testimony. Well have one round of questions for a five minute round. Less than four months ago on march 1st the coronavirus situation was about this. At the end of february there were 79,000 cases around the world, only 14 in the Uni
Of the coronavirus, the slow sometimes bumpy reopenings across the country, to say nothing of the protest and a lot of people on wall street say hey you arent jiving with whats happening on main street and then low and behold we get this stunning jobs report that changes the equation and has people thinking that you know what . Maybe the markets have been right all along as they again tease record territory, virtual ly all of the s p 500 sectors are advancing right now, and the rate on a long bond here a 10 year note as is better known, man oh, man thats practically hyper inflation. Were just around 1 ,. 93 who would have thought a year ago if i were to give you a quote like that that id say it is rocket ing backwards, but it is, especially from where we were, not too many weeks ago remember we were darn near 0 they were talking about negative rates. Were not out of that mathematical woods here but it does change the overall sense of where were going with this market. Jackie deangelis
Theres no better place than to be in the u. S. To step back and ask what do we have achieved in the last. Years when i look back i see that in the last years europeans have begun to understand that they can in a european way that we must pave our own way to stay relevant in the 21st century for me is in the way europeans are changing the way they look at themselves and starting to see you are as capable of being strong and being sovereign. We europeans often do not see ourselves as being powerful when you look at europe you probably see facts you see 450 million citizens you see 27 countries united around a common political project. You see a quarter of the gdp. You see the bigger straining blood and probably we hope you see diplomatic power. When we europeans we look at ourselves we often do not see this power. We see we sold out divisions disagreements. Consensus on important decisions. And this is changing. It is changing because of my front president is putting a lot of energy the
Had any symptoms himself, and his wife is now feeling better. An emergencyg for 5 billion loan from the International Monetary fund to help fight the spread of the coronavirus. Its the first time iran has asked for the imf help since the 1960s. Reported cases in iran soared by more than 1000 in the last 24 hours. Now topping 10,000. More than 400 people have died, including several top iranian officials. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im shery ahn. Amanda live in toronto, im amanda lang. Welcome to bloomberg markets. We are joined by our bloomberg and Bnn Bloomberg audiences. Here are the top stories we are following from around the world. Equity markets plummet. The stoxx 600 recording its worst day on record, plunging more than 11 . In the u. S. , the s p 500 plunging more than 8 at its lo