Welcome, everybody. Today, i will our select subcommittee is focusing on hearing were some members will appear in person and others may appear remotely via webex. Since members are appearing in person, let me first remind everyone that pursuant to the latest guidance, all individuals attending this hearing in person must wear a Face Covering. Guids attending this hearing in person must wear a Face Covering. Wearing a Face Covering are not permitted to remain in the hearing room and will not be recognized to speak. Let me also make a few reminders about hybrid hearings. For those appearing in person who will be able to see members appear remotely on the two monitors in front of you. On one monitor, you will see all the members appearing remotely in once, in what is known webex as view mode. On the other monitor, you will see each person when they are speaking, including other members appearing remotely. You can also see each other, each person speaking, during the hearing, whether they
Welcome, everybody. Today, i will our select subcommittee is focusing on hearing were some members will appear in person and others may appear remotely via webex. Since members are appearing in person, let me first remind everyone that pursuant to the latest guidance, all individuals attending this hearing in person must wear a Face Covering. Wearing a Face Covering are not permitted to remain in the hearing room and will not be recognized to speak. Let me also make a few reminders about hybrid hearings. For those appearing in person who will be able to see members appear remotely on the two monitors in front of you. On one monitor, you will see all the members appearing remotely in once, in what is known webex as view mode. On the other monitor, you will see each person when they are speaking, including other members appearing remotely. You can also see each other, each person speaking, during the hearing, whether they are in personal remote, if you have your webex set to active speak
Tom up mount marcy, down mount marcy, across saranac lake. Unbelievable. Jon ferro still on sabbatical. People say, why are you here . To be honest, its because i was moving. Theres a lot of that going on. While you were gone, we got some housing data. One of the things we got out there is a booming Housing Market with the haves. Lisa people who can buy houses will, although people who can be at work and avoid being tormented for being off for one week may do so. Maybe jon will prolong his vacation in order to not be lambasted for being on a sabbatical. What about you . Arent you going to do some portage . I heard you love that. Tom no, we are going to try to get the kids back to school and move forward. We welcome you back on bloomberg television, bloomberg radio. Everyone hearing about this challenge of virtual learning, back in the classroom. Simply getting people back to the office. The summary is it is not happening, is it . Lisa no. My youngest kid is beginning school today onlin
Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati
Reaches a milestone. Good morning, everyone, and welcome to bloomberg surveillance. Im Francine Lacqua in london. We have breaking news the last 20 minutes. China says that the u. S. Has abruptly closed its consulate in houston. That is having an impact on the market. Lets get the markets. Risk sentiment looks a lot shakier after china says the u. S. Abruptly ordered the closure of its consulate. Most european indices have extended declines to session lows. S p futures accelerating their dissent. I did want to show you gold and silver. Lets get straight to the bloomberg first word news. Ispresident donald trump restarting virus briefings. There was a shift in tone with the president urging americans to wear masks and avoid risky behavior. The death toll for the virus in the u. S. Has topped 140,000. Cases are still growing, especially in southern and western states. President trump it will probably, unfortunately, get worse before it gets better, something i dont like saying about thin