It was a very nice show from president putin that i could have said no thank you or i could have said thank you and i said ill take it and now its time to introduce my its not special close to mr donald trump thank you susan very much for the. Name whatever you want to name i mean i dont know how would i come that news that ceasar else tell what i call that a recorder or e. Network thats totally dishonest c. N. N. Is says you know 100 percent negative i can reverse the change fast changes so fast sometimes ill say wow thats going to be a great story. Pretty good report and others good as you. Will see what i can see who knows it was who knows what well see on the field it will be such that. This is a boom bust the one business show you cant afford to miss unfair montecito ok in washington coming up u. S. Companies are different pleased with President Trumps trade wars with thousands filing lawsuits against the u. S. Government over tariffs and president from the twitter instructing law
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.
Are miles apart. We are focused on that potential record close on the s p 500. The number youre watching for is 3386. 15, a couple points off of it as we stand, sara. Hard to believe that we are here coming up on todays show. S p 500 could close at a record high for the First Time Since mid february were going to talk to wharton professor Jeremy Siegel about whether the rally can last from here. Plus counting down to a pair of key Earnings Results after the bell, lyft and cisco gearing up to report well bring numbers and analysis as soon as they hit. Lets focus on the stories were watching with one hour left of trade. Mark santoli with the action, colin rush from oppenheimer. Lets start off with the broader market, familiar things taking us higher, tech, lower treasury yields and the like. Thats right. A bit of a reform to norm. Yesterday 3381 of about the late selloff. Of course were a couple points above that right now its kind of tantalizing also seems a little bit silly this hesita
Can get it wherever you can get your podcast you can also find us at. Slash science. Im david and this is climate change. Happiness concrete books. This is the book for your. Children smarter birth free books on you tube. The u. K. You swallow way how dramatic turnaround from the British Government sees the chinese for the frozen out of its 5 chain network. And as parts of spain along down over rising covered cases attention turns to the conditions on its farms. This is the doing business on robots in berlin its great to have you with us the u. K. Is banning quitman from Chinas Huawei from its 5 g. Network. The u. K. Says its made the decision because of security concerns and it follows Major Pressure from the us back in january Prime Minister baraks johnson said that is equipment could be used on a limited basis the company says the about turn is bad news for every brit who has a phone. Speeding up british broadband is a work in progress that Prime Minister Barak Johnson wants to boos
Halston, 12. 5 . San miguel withdrew its tender officer for the company as the timeline ran out. Ayala down. 31 . The overall composite half a percent higher. Lets move things along and get to new york and look at some of the first word news. Global Coronavirus Infections continue to rise and now top 4 million with jess at about 280,000. The u. S. Has by far the most cases and fatalities with 1. 3 Million People infected and almost 79,000 having died. The virus was first reported in china and beijing has confirmed about 83,000 cases with just over 4600 fatalities. Saudi arabia says it is planning to cut spending and triple vat to 15 as it looks to offset the impact of the virus. The finance minister says the pandemic combined with Falling Oil Prices has cut revenue input and president and pressure on the public purse. The kingdom reported its biggest surge of new cases sunday, rising to almost 39,000 confirmed infections. To apply more powerful stimulus. The pboc were released a quarte