Will lead the senate in prayer. The chaplain let us pray. Eternal god, who makes us one, use our lawmakers today as agents of reconciliation. Give them the wisdom to build bridges that will enable Diverse People to accomplish your purposes on earth. Lord, inspire our senators with such oneness of spirit and resolve that they will provide our nation with a model of cooperation. Remind them of the wisdom of matthew 12 25, which states that a house divided against itself cannot stand. Lord, we thank you for giving senator grassley another birthday. We pray in your unifying name. Amen. The president pro tempore please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Grassley madam president. The presiding officer the senator from iowa. Mr. Grassley i ask for one minute. The presiding officer without objection. Mr. Gr
Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
Wells fargo a bad day as they put up a disappointing quarter. The first loss since 2008 and they cut their dividend from . 10 from . 21. A choppy day in a choppy time. David we are also getting mixed messages about the coronavirus. Yesterday it seemed like the news coming out of california may have triggered some of that happening. Why would that hit the faang . I thought if we had more coronavirus we like the faang better because we have to use it more from home . Abigail i think the two are a bit separate. The news out of california did take stocks lower, but the faang started to turn lower earlier. Au have these stocks up in huge way because of the stayathome element. Also these Companies Put up great quarters in april. We are into the earnings season now. We will be curious to see how they have fared over last three months. There is Something Interesting also ahead later this month. , jeffe the ceos of amazon bezos, Mark Zuckerberg of testifiedand alphabet before Congress Later thi
We dont know how many Homeless Individuals actually participate in the program. Then in addition, you may have noticed on that chart, there are a number of departments, nine i believe, that showed no homeless participants whatsoever. A problem with some of the data is they dont provide any information on the residents of their parent pa their parent participants, so we dont know if there were homeless participants and they werent reported or if they didnt have any, anyway, but they dont fill in that data in their responses to the oewd annual inventory. As i mentioned, they dont have authority to compel the department to provide the data so it leaves a question and uncertainty about the actual level of participation of Homeless Individuals. Another factor, the last one here listed on this slide is that the homeless participants are counted in a different way than some of the other priority populations for Workforce Development services. Priority populations are identified in the five ye
Present. Supervisor stefani. Present. Supervisor walton. Present. Supervisor yee. Mr. President. All members are present. Thank you. Please join me in the pledge of allegiance. Place your right hand over your heart, please. I pledge allegiance to the flago f america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you. On behalf of the board i would like to acknowledge the staff at sfgovtv who record each meeting and make the transcripts available to the public online. What i would like to do is before we go to communications, and before we get into our special order at 2 00 p. M. , i would like to at least say a word or two. Before we get started i want to acknowledge George Floyds funeral today and thank the city family, particularly m. T. A. , for halting all Public Transit from 12 00 to 12 08 p. M. To acknowledge the wrong that happened to mr. Floyd and to the many other black and brown individuals in our country. C