Forecast. We will bring you that interview with the ecb president. And the ax falls again at goldman. The bank prepares to cut jobs for the second time in three months as the focus returned cost cutting. Very good morning, everybody. Welcome to the program. Lots of breaking news to get to. Lets have a look at some of these numbers coming through. Have the numbers coming through from the shipping business which transports 1 5 of the worlds containers so really interesting insight into the way the Global Economy is spinning and the shipping industry in particular. We are getting the numbers through. We already heard from them last night about how they were upgrading their guidance, raising their fullyear guidance so that already sets a positive tone. They said they will initiate a new Share Buyback around 10 billion danish krone. That program will run for 15 months. E will be speaking to the ceo that is the conversation at 7 30 u. K. Time, so in around 25 minutes time. Let me get to some
Wish to seek recognition. Per House Resolution 955 resolutions and members are required to leave the camera on the entire time they are in an official proceeding. Even if they step away from the camera. Our roll call is not necessary to establish a quorum and official proceedings conducted remotely whenever there is an official receding with remote participation the clerk will call the roll to help make clear who is present at the start of the preceding. This time i asked the clerk to call the roll. [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] thank you very much. Pursuant to Committee Rule 7d Opening Statements are witnessed the chain the Ranking Member for this allows us to hear from our witnesses sooner and provide all members the adequate time to ask questions. Recognize myself a purpose of making an opening statement. Today we are examining how the covid19 pandemic is draining our Higher Education system and discussing what Congress Must do t
Many situations people find themselves. The recession has laid bare the economic struggles of millions of American Families with almost no warning to the shutdown that claimed tens of millions of jobs and American Workers and families felt the ground fall from under them. The. The country was on the verge and so many have lost their livelihoods and exhausted their financial reserves. They are facing financial catastrophe. That growth hasnt been broadly shared starting in 2009 with 128 months of growth so many neighbors are facing financial catastrophe they do not fal falr r. E irreversible financial disaster. As businesses gradually reopen, many workers are coping with drastically reduced hours and lower paychecks that will not cover their bills. Even people fortunate enough to be returning to work will likely be struggling for some time to come the Child Tax Credit and earned income tax credit and it also supports workers with a more generous employer retention tax credit to maintain
We are ready to go now. Take it all for joining the first remote hearing of the subcommittee on select revenue measures. We find ourselves in challenging times as evidenced by this new method of conducting Community Business in accord with the Public Health and safety recommendations. But the challenges we encounter here in congress are small compared to what i hear and see and what i am sure all of you here and see in our communities. Im glad we can move forward into the work that our constituents need given the difficult economic situations in which so many find themselves. The covid19 recession has laid bear the economic struggles of millions of American Families with almost no warning the shutdown claimed tens of millions of jobs, and American Workers and families felt the ground ball from under them. Many had been just barely scraping by and unable to save much for a rainy day, and the sudden loss of income has left them nothing. Food banks are Unprecedented Demand in the country
U. S. Senate when they return here on cspan2. Next a house ways and means subCommittee Hearing on efforts to provide tax relief to low income workers, minorities, women and families affected by the coronavirus pandemic. Witnesses include representatives from the National Womens law center, Georgetown University poverty and inequality center, the American Enterprise institute and Childrens Health watch at Boston Medical Center. We are ready to go now. Take it all for joining the first remote hearing of the subcommittee on select revenue measures. We find ourselves in challenging times as evidenced by this new method of conducting Community Business in accord with the Public Health and safety recommendations. But the challenges we encounter here in congress are small compared to what i hear and see and what i am sure all of you here and see in our communities. Im glad we can move forward into the work that our constituents need given the difficult economic situations in which so many fin