U. K. This is what we know and this is what we are waiting to find out from the Prime Minister. He has urged everyone to try to work from home if possible. You can see that playing out in the markets, although a lot of the selloff happened yesterday. Stocks, 0. 6 . European stocks actually rebounding from their temple on monday. A lot of the focus is on the tech stocks as well. Lets get to the bloomberg first word news. Heres leighann gerrans. Leighann good morning. Movingnt trump is towards nominating Amy Coney Barrett to replace Ruth Bader Ginsburg on the supreme court. Shes the favorite of antiabortion right activists who have been lobbying for her appointment. Barrett is currently a judge on the seventh Circuit Court of appeals in chicago. Federal reserve chairman Jerome Powell is set that the u. S. Faces a long and uncertain economic recovery. His testimony alongside treasury secretary Steven Mnuchin will begin later today. It comes as congress is deadlocked over another round of
A waste of time the president is still being treated for covert 19 after testing positive for the corona virus last week. Dozens of people are reported injured in a high rise Apartment Fire in south korea the blaze in the city of all sun apparently started on a lower floor and quickly in gulf the 33 Story Building in flames. American writer and poet louisa glick has won of this years nobel prize in literature shes already won a prestigious Pulitzer Prize in the u. S. Its me to chicago to me said she is an unmistakable voice that with austere of beauty makes individual existence universal. This is due to the news from berlin follow us on twitter and instagram at state of the news or visit our website. Vice president ial candidates mike pence some couple of horace huff now battled it out in a debate that restored some dignity to the u. S. Election process its a contrast to last weeks a bruising affair between donald trump and joe biden but did they shift the needle of Public Opinion in t
Extension of credit from private lenders. They are designed to support the functions of private markets, not to replace them. These are lending, not spending powers for others, alone that can be difficult to repay might not be the answer in these cases direct fiscal support may be needed. Our economy will recover fully from this difficult period we remain committed to using our full range of tools to support the economy for as long as needed thank you. Thank you very much chair powell i now recognize myself for five minutes for questions. I am very appreciative of the explanations that youre giving, but all of the questions that we have about main street and other facilities each of them can keep the facility as an option in the futu future, and the guam governor urged it be made available to the territories. The Congressional Budget Office director and staff economist for president george h. W. Bushs n council of advisors said the mist try to me is the treasury using half a trillion d
We saw a push higher in the session when the governor of the bank of england toned down the speeches we have seen as of late when it comes to negative rates. We will see whether ultimately he has to deliver on negative rates. Apparently the mood music has improved on that for today. Politics when it comes to the btp markets, today we have seen a significant pushback for the Prime Minister against mr. Salvini in local elections. The market has taken that positively. Alix just to pipit off what i said earlier. The eu Leaders Summit is postponed as the eu councile president was quarantined. You had a Security Guard test positive. That Leaders Summit will be postponed. Movement in the market, the dollar jumping higher. Charlie evans says the fed could raise rates before inflation gets to its 2 target. Interesting to see we get that reaction before we get fed chair powell. You are all seeing Maxine Waters speak right there. Lets break down what to expect. Emily wilkins joins us now. Will th
First, i would ask all members on the webex platform to keep themselves muted when theyre not being recognized. This will minimize disturbances while members are asking questions of our witnesses. Members on the webex platform are responsible for muting and unmuting themselves. The staff have been instructed not to mute members except where a member is not being recognized and there is inadvertent background noise. Members on the platform are reminded they may only attend one remote hearing at a time. So if you are participating today please remain with us during the hearing. Members should try to avoid coming in and out of the meeting particularly during the question period. If during the hearing members wish to be recognized the chair recommends that members identify themselves by name so as to facilitate the chairs recognition. I would also ask that members be patient as the chair proceeds given the nature of the Online Platform the committee is using. In addition the chair informs