[inaudible conversations] the subcommittee will come to order. First off, i appreciate the audience patience and given. We dont control the voting schedule so thank you and the witnesses. Without objection all members have five days to submit statements, extraneous materials for the record subject to lengthy and limitations in the world. I will now make an Opening Statement and then turn over to the Ranking Member for his Opening Statement and i want to thank the Ranking Member for his longtime friendship and partnership in this issue and also thank the members of the cbc and Senior State Department officials for taking the time to come up here. Obviously this is a very timely subject. This is our second hearing. A couple weeks ago we had the first hearing in congress on the coronavirus and this will be my second hearing. I think about this issue based on my background but more importantly, as the former chief medical officer for sacramento in charge of the system and as a faculty memb
Takeover bid by xerox saying it meaningfully undervalues hp. The ceo of hp will join me later this morning. Coronavirus fears hitting the Corporate Outlook and strategy southwest, apple, kroger, campbells among the Many Companies that are weighing in today. Well start with the futures, though, sharply lower amid this roller coaster week for stocks and wall street which saw the dow swing a thousand points or higher two times in the last three days, jim. Maybe were in for a couple of months of chop here . I think thats exactly right, carl yesterday was a very solid based on oversold relief rally the existential issue of whether a socialist would head the ticket a lot of people feel was finished because of the victory, multiple victories in states obviously by Vice President biden. But now were stuck with looking at earnings again and all that happens when you come in is you look at the 10year and then look at earnings it isnt like every company david, are you wearing those for the show i
600, youok at the s p can see it stands at 0. 7 . It is mostly travel or leisure stocks. Index is a great test for how much fear is on the market. You can see it is gaining 12 . S p futures are having one of the biggest routes since 2008. Is ats. 10 year yield 1. 18. Urges deep cuts. This is in the review. I dont know whether it comes from commerzbank itself. We will have plenty more on that shortly. Crop gin with facing in thekrupp selling biggest private equity deal in a decade. Consortium beat out a rival bid from a another group. Now to saudi arabia. The kingdom is planning to sell more of its stake in aramco. It is looking to fuel its plans for economic diversification, according to the head of saudi aramco. But an International Listing could face hurdles. Investors may question the valuation at a time when crude prices are slumping. It toare looking into have more offerings. Saudi. Ontinue to be in have any stocks we think could bring Value Investors to us, we will consider it. Y
Been set up because some hospitals can no longer admitting texted patients italy is the country with the highest number of cases outside china. All of it really has been under quarantine for weeks now schools have been closed since the beginning of march but for the students at the German School in rome this doesnt mean they get extended holidays teachers are doing their best to have their students studying from home using smartphones and tablets and the principal at thomas hat is being very resourceful in order to keep the young ones motivated italy correspondent visited the school to find out how its all working out. Its a. T. M. And the roads are free almost unheard of at this time of the morning in the italian capital. But nothing is normal in these times of the coronavirus this is the unusual empty parking lot of the German School in rome. Headmaster thomas hart is one of the last people still coming in daily he welcomes me with a new way of greeting. Hope team our means team is a
A reeling consumers panicking everyone is under suspicion all countries are in lockdown at the borders officials change peoples temperatures and struggle to keep the virus out fear is contagious work is under quarantine containing the disease is a tremendous challenge in our highly networked world. Going viral will a new type of Infectious Disease dramatically change the way we do business. Its globalization allowed. To spread around the planet at such incredible speed but now the whole concept of globalization itself is ailing the outbreak has brought Global Supply chains to a standstill including the most important one during a pandemic medical supplies and pharmaceuticals a serious example illustrating just how dependent the entire world has become on just one economy by far the biggest player in the Global Supply chain china and now countries around the world are concerned about shortages and. This pharmaceutical wholesaler currently has 130000 different medications stored in its w