Loans provided through the c. A. R. E. S. Act during the coronavirus pandemic. The House Small Business Committee held this hearing. I want to thank everyone for joining us this afternoon for our committees First Official remote hearing. I want to make sure to note some important requirements. House regulations require members to be visible through a video connection throughout the proceedings. So please keep your cameras on. Also, if you have to participate in another proceeding, please exit this one and log on later. You are recognized to minimize background noise. Over the last few months, the outbreak of covid19 has led to an unpresented Public Health crisis and dire economic crisis. We have lost over 10,000 people to the disease and 30 million remain unemployed. Back in february as the pandemic was getting worse, we knew we needed to take action to help our Small Businesses survive the economic downturn. We started working with the sba and governors around the country to leverage
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Present this event virtually. And then to sustain ideas. And then thank you for appearing tonight to help make that happen. This is not have close captioning but watch the stream on youtube and the video will be available for re watching after the podcast. And with those content we encourage you with those seattle arts and lectures and then to be put under significant strain due to event cancellations we hope youll consider extending your generosity to help support us during this difficult time by clicking the donate button or you can always become a member. Booksellers that have also been hit that can use your support as well if youre interested in supporting local independent bookstores by purchasing a copy of tonights book, we are partnering with thirdplace books you can purchase them through the bottom one the button at the bottom of the page. And those that submitted to ask the question field. And you can also vote we cant guarantee we will get through all the questions. Please ke
What happens after yesterdays big move the dow down yesterday by 2. 1 the dows worst performance going back to may 1. A lot of this was happening as we were getting comments not only from Stan Drunkenmiller and dave tepper talking about his concerns about this being the second most overvalued market he had ever seen. Comments from fed chairman jay powell all of those things adding up saying what do we need to worry about and where do we need to be concerned . Watching the treasury markets, you will see the yield for the 10year right around 0. 61 so that is with a little more pressure. Watching wti this morning, you will see that is up about 5 i think it is 2r5iding near session highs of 26 a barrel. Andrew thank you. Every day, we have a huge show another big one this morning what is on the lineup this morning. The ceo of verizon, New York Times, mohammad eleran to join us and eric schmidt who will be working with the governor of new york states and work places looking to him and that