Good morning. The committee will please come to order. Administrative matters based on the advice of the attending physician, after we consulted with the department of health and Human Services and the centers for Disease Control and prevention, individuals in the hearing room are at least six feet apart. As a result theres no room for the public to attend in person. Representatives of the press are working as a pool to relay their observations to colleagues. The hearing may be watched online. Unedited recording will be available on the committees website. Witnesses are participating in Video Conference in a onetime exception. Some senators including the chairman are participating via Video Conference. Senators, weve been advised may remove their masks to talk into the microphone when theyre in the hearing room as theyre six feet apart. Im grateful to the rules committee, sergeant at arms, the press gallery, the capitol police, Committee Staff, and everyone all for their hard work to k
Conversations the secretary of treasury over the last production days with the Paycheck Protection Program try to settle the order of forgiveness it is been a big issue a Small Businesses and not for profits in my state and across the country. There is no closing information on how the Paycheck Protection Program ends. We are very grateful to have the help at the beginning but it is set up to be a loan unless you qualify for. A lot of folks take the loan transition to a grant under the t hope that everyone will be treated fairly. But the rules were not set in place spent a lot of time this weekend at the Treasury Department they released finally today a very simple statement that if you are truly very Small Business or wnotforprofit code that is your total loan was 2 million or less you will be with a call safe harbor youre not have to worry about audit follow through the end of it its going to be very straightforward process for those very Small Businesses and small notforprofit. That
Drizzle and light rain and sunday sunny and windy. Most of that is coming down in the system there keeps things in check through wednesday and after that it will jump up thursday, friday. Sunny for all in 60s and 70s. Temperatures above average here. Santa rosa is 40 with some areas to the north and even san jose is checking in an ken wood 35 and healdsburg in there and i know nampa airport is closed. I would not be surprised if they checked in but everything says mostly sunny and warmer. Thats where we will go today. Temperatures near average to above. It might be the coolest day of the week. Lets go to sal. Good morning, steve traffic is working well. If you drive around the area free weights will be a bit dry. Lets go to the san mateo bridge and show you traffic is looking good on westbound 32 with no major issues. Traffic looks good on highway 101. It is for 2 00 and lets go back to dave. Six bay area counties will lift some shelter in place restrictions. Dr. Businesses including n
59 minutes left of trade nasdaq 100,. 2 from a record closing high set in february hard to believe. Seriously is hard to believe. Were up 0. 4 . Coming up on todays show, despite growing dissent, tech stocks once again nearing all time highs well discuss the outlook for the sector amid new challenges with investor dan niles. Plus, powerful words from one of the biggest icons in sports, nba lenld, Kareem Abduljabbar will join us with his compelling message for all americans about the need for what he calls a rush to justice. Lets focus in on the big stories we are watching in this final hour of trade. Mike tracking the Market Action as always. Julia boorstin following the cory russ of dissent inside facebook and courtney covering the civil unrest mike, start us off with the Broader Market and this continued strength we are seeing yes, continued, persistent strength its a day when its gone a little bit away from the nasdaq leaders that were were so familiar with. That trend has remained
Rise. Without continued vigilance, well again create the conditions that led to us being the worst affected country. How many deaths and how much suffering are you willing to accept to get back to some form of normality. Economic adviser larry kudlow. And Liz Ann Sonders and Neel Kashkari. Top pharmaceutical executives will join us on the latest search on covid vaccines and treatments and all of the weeks politics with Chris Christie and rahm emanuel on our powerhouse round table. Announcer from abc news, its this week. Here now, chief anchor George Stephanopoulos. Good morning and welcome to ek that set somef e worst records ever for the rnin 20. 5 million americans lost their jobs in april, tentimes the record set in 1945 when the country demobilized from world war ii. The Unemployment Rate jumped to 14. 7 . Just three months ago, unemployment was at a record low of 3. 5 . And as stunning as those numbers are, they dont capture the depth of the damage, adding workers looking for full