This hearing will come to order. Without objection the chair is authorized to declare recess at any time. Good morning and welcome to the hearing on coronavirus, understanding the spread of the Infectious Disease and mobilizing Innovative Solutions. I will recognize myself for an Opening Statement and then i will recognize the Ranking Member for his Opening Statement and i will introduce the witnesses. Again, thank you for being here. Obviously this is an incredibly timely process. Covid19 is not the first pandemic we are ever going to deal with and certainly not the last one but it is incredibly important that we come together as a nation and as a planet and get ahead of this and address it and come up with treatment for it. If we think about Global Health security to threepronged approach. Containment, mitigation, and treatment. This is the third hearing that im chairing on the subject and the hearing is focused on the containment. It was the first hearing the congress held. The conc
Million to 30 million tons. Next case, the federal reserve, jay powell says hes going to grow the Balance Sheet but dont call it qe4. Okay. I will put it into english. Interest rates are coming down. China trade and Interest Rates, thats why the market will go up at the opening bell. The dow lost 300 yesterday, likely to go up maybe 200 at the open this morning. The s p, the nasdaq, very solid gains this morning as well. Look, theres a lot coming at you throughout todays program. A jury awards 8 billion to a plaintiff who says he wasnt warned about the dangers of a Johnson Johnson drug. 8 billion. One hour from now, we will find out how many jobs are available, upwards of seven million. Two hours from now, jay powell speaks. We are following, yes, we will translate for you as well. This afternoon, the first lady brings youngsters to the white house to outline the dangers of flavored ecigarettes. And we may hear from nba commissioner adam silver. Hes in china, dealing with basketballs b
Them with wisdom, courage and strength for the living of these days. Give them grace to understand the world we cannot see or touch , comprehending that eternal issues are at stake. As you care for their physical needs, provide also for their soul needs. Help us all to remember that you are the source of our strength. We pray in your great name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. 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. Mcconnell mr. President . The presiding officer the majority leader. Mr. Mcconnell we will soon begin consideration of Bipartisan Legislation that can support american jobs, improve Airline Safety and help passengers, all without raising taxes or fees on travelers. The f. A. A. Reauthorization act before us is the result of a Collaborative Committee process. It shows whats
Response here, hhs secretary alex azar. Tracking the outbreak, our reporters your life. Also in studio, Charlie Gasparino joins me, Senior Correspondent fox Business Network. Hello. What do we think about going into the weekend . You sell going to the weekend. Get rid of it. No one wants to be long when something might happen. Bill thats what the professional traders are doing but folks at home or wondering. If youre the average person. If you made a lot of money in this market, now is not a bad time to take 30 off the table. Its going to keep going on and on until we get some handle on the data. The problem is no wall street firm right now, and firms, with research. Research gets to brokers. No firm knows how much this will hit gdp and if you dont know how much, you have a vacuum of information and everybody sells. Bill my sense is that the virus whether real or imagined to whatever degree to what degree we do not know. My point is damage is already done. We dont know the degree its g