Doing now to all of the public. Are we about to tip in to the most intense part we have experienced of this pandemic to date . Yes. On the one hand, that is true. When you say exponential, you mean the curve is very, very steep. If you look at the curve of what we had in spring, when it was dominated by the infections in the northeast and part of the country particularly the new york metropolitan area, the curve was like this. When you look at what we saw in the Southern States when we tried to reopen, the curve was also like this. Right now, the curve is like that. It is going up at a very rapid rate. And you looked in a most every single day, in fact gives you another record. Having said that you do not want people to get terrified. But you want them to understand that we can do something about that. By mitigation methods. And also, help is on the way. So we should not look upon this as a hopeless situation. And one of the things, when you get covid fatigue, which is understandable,
Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
Ofodollar getting a bit traction. The dollar is going down. This is part and parcel of the yellen trade, which seems to be getting reaction now. It will be interesting to see how she works handinhand with the fed chair. Minutes,e last few crude went through 45. This is wti. We are backing off the little bit, but that line in the sand is the highest level we have seen since march 6, which gives you an idea of the turnaround we are seeing. The big question, is it running too far, too fast . Alix some analysts starting to scratch their heads a little bit, particularly as they look at the curve. President elect joe biden said to announce his selection of former fed chair janet yellen as secretary of the treasury. Joining us as michael mckee, Bloomberg International policy and economic correspondent. What about this appointment is giving confidence to the markets specifically . Theael janet yellen ticks most important box for investors, she makes them money. Take a look at what happened whe
The information is not coming from the people who matter most. Plus, six months in space. Tonight meet the astronaut whos been there, done that. And good evening its rare that we get from the government an unfiltered uncensured true view of whats going on with coronavirus. Nbc just got one the White House Coronavirus task forces latest report delivers a sobering assessment of the pandemics trajectory. It describes aggressive, unrelenting, expanding, Broad Community spread across america thats getting worse, not better the task force reports efforts to stop covid are inadequate and the curve must be flattened to sustain the Health System for both covid and noncovid emergencies. In short, the virus is out of control, the Emergency Health care system is in danger of collapse and the white house knows it the task force is alerting thanksgiving can make things worse urging the states to warn their people not to gather, to wear face coverings and socially distance, the report dated on sunday
The committee will come to order. Without objection the chair is authorized to declare a recess at the committee at any time. I want to remind members of a few matters including some required by the regulations accompanying the House Resolution line 65 which established the frameworks were removed committee proceedings. I dont know if we have gone through this already but i would ask all members on the platform to keep themselves muted when they are not being recognized. This will minimize disturbances while members are asking questions of the witnesses. Members on the platform are responsible for muting and on muting themselves. The staff has been instructed not to mute members except where a member is being recognized and theres inadvertent background noise members on the platform are reminded that they may only attend one hearing at a time. If you are participating today, please remain with us during the hearing and members should try to avoid coming in and out of the meeting partic