Potential pandemic. Investors dont seem to care. U. S. Markets close out the best quarter since 1998 with the s p 500 up 20 . Gold is trading near 1800. Shery lets get you started with a quick check of the markets. We are seeing u. S. Futures opening under a little bit of pressure at the moment, down 2 10 of 1 . This as we just mentioned, u. S. Stocks finishing the best quarter in more than two decades. We are talking about a 20 increase in the last three months. We have the s p 500 seeing the best two days in about three weeks. All 11 sectors finished up. The dow underperformed a little bit compared to other major indices. A plunge in boeing. Terminating their purchases of all remaining jets on order. Take a look at what oil is doing. We have seen it gain ground. It is continuing to rise near 40 a barrel. It just posted its best quarter in nearly 30 years, bouncing back from that historic price crash. Really climbing from negative territory in april. Haidi yeah, it really is the histo
We still cant hear you. I wonder if we should try having you sign in again or have you call in rather than just a video link and we could hear you by dialing in. I will let my staff interact with you directly and in the meantime we will begin with some questions. My apologies, Mister Morrison, we will get this worked out. Let me look for any of our witnesses that can be heard. The current pandemic began in china. If possible the next pandemic may begin somewhere else. If the pandemic were to begin or begin spreading in africa what level of confidence do you have in our ability to identify that it is taking place, what transparency would we find, given there was not much transparency out of china in some critical early days and weeks, how would you assess the threat of a pandemic coming from the african continent . Can i start . Sure. Im confident that should such a pandemic start in africa we would have tremendous cooperation. I look back on the situation with ebola in west africa wher
Nasdaq nosedived the worst day since march. The lesson things got too easy. Everything was working every sector, the airlines, oils, health care, cruise lines, transports, blanks, retail, tech until a few days ago, picking winners, you know what it was like it wasnt like shooting fish in a barrel, it was like machine gunning fish in a barrel when it getz that easy, when everyone thinks theyre smarter than warren buffett, you know youre in a real bruising. A genuine roll back, and sets back the neophytes who only knew when you buy a stock, it goes up that logic has now been debunked this has wiped out a good chunk of the geniuses who crowded into the airlines, betting they knew better than buffet after he dumped the whole group so what happens now . If theres all this money being managed by novices who only know how to chase momentum, is it safe to buy before those get blown out . Dont have you have to way until the Hedge Fund Guys who missed the whole rally, come on our air and say i t
Intelligence Committee Heard from former ambassadors and diplomatic officials. House committee on intelligence, first remote hearing. Before we proceed to where were topic today, the impact of the covid19 pandemic in Subsaharan Africa, i want to address some housekeeping matters. Todays session will be conducted on an unclassified basis. Urged tonts are inrain from presenting compliance with House Resolution 965 and resolutions for remote proceedings. Like many of you, i would have preferred to hold this in person in washington, d. C. , but because of the threat of covid19 we remain serious and widespread and are proceeding remotely to ensure the safety of our witnesses, members, staff, and the public. I was hoping that todays hearing would be bipartisan. Unfortunately, our republican colleagues have decided not to dissipate. I hope they will not to participate. I hope they will join us in the future and im committed to continuing our work notwithstanding the pandemic, and both sides o
Announcer good afternoon, everyone. Im joined by the woman who needs no Introduction Health persikelli. Judy dr. Ed lifshitz. Great to have you both. Superintendent of the state police. The director of the office of Homeland Security and preparedness is in the house, and i suspect he will be joined by chief counsel plotkin at some point. I suspect well be joined by matt plaken at some point. Afternoon, i recei a call from eric hagen, the deputy secretary of the u. S. Department of health and humans services. He informed me that of the 395 hospitals hardest hit nationally by covid19 and which collectively will share 12 billion under the latest distribution of federal funds, 53 of those hospitals are in new jersey. Altogether, these 53 hospitals will be receiving 1. 7 billion directly from the federal government. That is the second largest amount of funding awarded only behind new york. This funding will be deposited automatically, no further paperwork required, with the hospitals in the