Rally with a haven assets, and then volatility for stocks. Right now they are having rotation back into the cyclicals. That has not been the story on the week. Tons of uncertainty on the week. Bondswe have the yen and climbing early on monday. A big tell on some of the volatility we saw for stocks. Guy is there anyway david is there any way of knowing how much of this is on the fundamentals of actual news about coronavirus or jobs and how much is positioning . How many people had short positions that took off yesterday . Abigail i they get has a lot to do with uncertainty. You had a huge move down, and then the wave of liquidity from the fed to offset that decline. The fundamentals, people have views on whether there will be a orhaped recovery, a w, an l possibly something worse. When you have a move up 40 more , you have markets incredibly tight. Any piece of bad news will set to the downside. Not as much conviction near the top. You have the idea the virus might not be as strong. Tha
[inaudible conversations] id like to call this hearing to order. This hearing will be a little bit different. It is perhaps the first congressional hearing held during the extenuating circumstances of the pandemic. We have a sparse crowd and expanded bias the committees hearings to the guidelines put forth by the rules committee and attending physician. Id like to thank our members and staff for their patience and understanding as we work through the logistics in holding this hearing a part of the eversight of Intelligence Community. Members will be joining us on a rotating basis throughout the morning. And again this afternoon, as we move to a closed session. Their absence now is not a reflection of the importance they place on this matter. We have asked members to watch as much of the hearings as they can from their offices, only coming into the hearing room to ask questions. Id also like to thank the press corps for your accommodation of the restrictions were facing as we seek to fu
Americans. It has sickened over 1 million americans and it is impacted every one of us. My deepest sympathies are with those we lost, and i salute the efforts of those on the front lines including the dedicated Intelligence Community professionals reporting for duty and carrying out their mission. These are truly trying times and your courage, honor and sacrifice will not be forgotten. Id like to begin by thanking President Trump for his Incredible Opportunity for me to serve our nation and for his confidence in me. I would also like to thank former u. S. Attorney general John Ashcroft for his gracious and humbling statement. I am forever grateful for your faith in me. I also want to recognize and thank senator cornyn for his kind words, and my fellow texans for their support. It is been the privilege of my life to represent the constituents of texas was Congressional District. Finally and most Important League theres no way i could be with you today without the encouragement and suppo
Gaveltogavel coverage. War powers resolution, fisa reauthorization, and a repeal of President Trumps 2017 travel ban. Ker pro tempore the house will be in order. The prayer will be offered by guest chaplain reverend jonathan slavinskas, st. Bernards church of our lady of providence parish worcester, massachusetts. The chaplain eternal lord we come to you with thanksgiving from the many pleasings you bestow upon us. We thank you for our faith, freedom and nation. We rejoice living in a nation that provides us with the opportunity to freely elect the men and women in this assembly who are guiding our nation. Our prayer through the members of this assembly through its unique gifts and talents that you have bestowed upon them and would he haven championing the common good within all our nation. We pray in moments of disagreements and debates, an authentic understanding and Mutual Respect might be witness to the gift of collaboration, for promotion of the common god. We pray for your blessi
Coronavirus. The committee on Homeland Security will come to order. The committee is meeting today to receive testimony on Administration Budget request for the department of Homeland Security. Without objection, the chair is authorized to declare the committee in recess at any point. Acting secretary wolf is here today on the extraordinary troubling circumstances. Americans are rightfully concerned about this coronavirus, and spread its way across cost group called and claimed the lives of thousands and including at least six years home. Working to the government for leadership and guidance. And fourthly the Trump Administration, has not been equal to the task so far. In the place of this potential pandemic, the president is downplayed as threats, overstated help close scientists are to developing a vaccine, and muzzling experts in his own administration who disagree with him. It is a crisis unfolds, the president has continued to hold political rallies including a recent one that he