One, in general. In general, i think when two companies are negotiating you are negotiating not just the amount of money that is going to change hands but also what youre going to get in exchange for the amount of money. That ask a fundamental way business works. To do you see at least to outsiders that would look like a structural conflict of interest . You are using your control over access to peoples living rooms essentially, youre using that in order to obtain leverage in terms of getting Creative Content that you want . Are you essentially converting power in one domain into power in another domain where it doesnt belong . I think what i should do is offer to get you information. I will get it to your office for you because im not, not familiar enough with this. I could imagine there would be scenarios, if were just talking abstract where it would be inappropriate and i can imagine scenarios where it would be very normal business and very appropriate. Good enough. I want to talk a
Thanks for taking my question, you added a sentence into the statement about the course of the economy depends on the path of the virus is this do you feel this idea or view is not widely enough understood do you feel you had warned back in may that too early reopening or cautious reopening might harm the economy do you feel that message is not heard and some of these reopenings took place perhaps sooner than they should have i think we feel that it might be the most central fact or the most central driver of the economy is the virus were seeing that again. You saw that during the lockdown when we got cases way down you saw the economy reopening. You saw spending go up and hiring go up now that the cases have spiked again. Again, the early data, highfrequency data suggests that theres a slower pace of growth at least for now. We dont know how deep or how long that will be. Its such an important sentence, we just decided that it needed to be in our post meeting statement. Its so fundame
Intellectual property, this is about two hours. Come to order. Well im disappointed we cant all be together in person today, im grateful to the chairman graham, and our clerk for facilitating this through web apps. I want to be clear that this subCommittee Hearing is not distracting from the full committee. Congress must address issues of Police Brutality and horrific circumstances that led to the murder of george floyd, and the senseless deaths of so many of our African American brothers and sisters. Thats why im grateful to senator graham for holding eight full Committee Hearing until the sink in america and i fully support that effort. We also have to continue to address the covid19 crisis in the impact its had on millions of americans and livelihoods. Just this morning the full Committee Held a conference on covid19 and its impact on tension. Centers im also glad mcconnell and several republican senators will take up the protection program. We are going to continue to address this
A live look at times square in new york, and the lights are still out on broadway. With all shows shut down, the financial fallout is mounting in the billions every month. And this morning there is a Major Development from one of broadways biggest shows. Will ganss is here with more now. Good morning, will. Frozen the Broadway Musical grossed over 150 million and entertained more than 1. 3 Million People in its threeyear run. Now its the first of the broadway blockbusters announcing that it wont be coming back when the great white way reopens. Reporter waiting for the sun to come back up over broadway, some tough news this week. All performances suspended through labor day at least. In one fell swoop, it was like my current job was taken from me, and my future job was taken from me. Reporter emily walton performing off broadway was set to return to broadways smash hit come from away on march 31st. Come from away was the big arrival moment for me. Repr blockbusters closing their curtain
Before, and indeed is doing right now with the boston fed itself, running a special fund to back up money markets he says that regulatory changes will allow restructured loans from the banks can be brought to the Federal Reserve and be funded that way, and wont be frowned upon by supervisors, so kind of an encourage from the Bank Survivors to get to the to work with their customers and restructure loans. Finally, says its the need to support essential workers and its the best of times here for the public spirit here let me just talk about this rising unemployment rise dramatically were only looking for 0. 2 of an increase in the friday jobs report, but thats not going to pick up whatwear seeing in the more frequent data we had north of 3 million claims last week. Expectation for tomorrow is north of 3 million as well both of those together would raise the Unemployment Rate quite a bit by itself. So were looking beyond the data, tyler and kelly, because its not necessarily going to pick