As coronavirus cases continue to spike nationwide, we must ensure the contractors our government relies on are taking every step they can to minimize the spread of covid19 among workers and attain these. For fiscal year 2020, congress appropriated 3. 1 billion approximately in more than 45,000 adult and family i. C. E. Beds. Ion over 80 of these beds are operated daily by private contractors, some of whom are at this hearing today. That is a large amount of taxpayer money. It demands oversight and accountability. Detention facilities must be held to a High Standard at all times. Within this moment, it is of vital importance. Yet over the past few months, it is feared that ice am a and its contractors have not taken the outbreak seriously and have not i. C. E. And its contractors have not taken the outbreak seriously. At least 405i. C. E. Employees assigned to detention facilities have just a positive. Least twost at detainees, a potential third today in florida, and five contractors, d
Today, the subcommittee meets to examine the response to covid19 by four of the contractors responsible for managing facilities. As coronavirus cases continue to spike nationwide, we must ensure the contractors our government relies on are taking every step they can to minimize the spread of covid19 among workers and detainees. Facilities. As coronavirus cases continue to spike nationwide, we must ensure the contractors our government relies on are taking every step they can to minimize the spread of covid19 among workers and attain these. For fiscal year 2020, congress appropriated 3. 1 billion approximately in more than 45,000 adult and family i. C. E. Beds. Ion over 80 of these beds are operated daily by private contractors, some of whom are at this hearing today. That is a large amount of taxpayer money. It demands oversight and accountability. Detention facilities must be held to a High Standard at all times. Within this moment, it is of vital importance. Yet over the past few mon
Florida. It is about the pandemic. The Market Reaction to that, as Jonathan Ferro mentioned earlier , we have seen remarkable stability in the pricing of the Global Financial system in the last three or four days. Mathematically brilliant, in the last 48 hours we have seen yields in. There is no question all of our conversations, including Mohamed Elerian and jim paulsen have to be about what the bond yield signal. Jonathan it is not a huge move, but it is a break. It has been so sticky for the last several weeks, and we break lower by several basis points. Yield, which real have moved aggressively lower. Treasuries on the one hand, on the other, dollaryen. Morning, 1. 06, they are not huge moves but we are starting to break down in a way that is maybe complementing the Risk Appetite elsewhere. Tom totally on the point of real yields yesterday. I do not think people understand there is the visible yield, and then there is the yield after you adjust for inflation. Business has trouble g
They can to minimize the spread of covid19 among workers and detainees. For fiscal year 2020 congress appropriated approximately 3. 1 billion for more than 45000 single adults and family ice detention beds and other custody operations. Over 80 of these beds are operating daily by private contractors and some of whom are at this hearing today. That is a large amount of taxpayer money, money a historically high number of detention beds and demands oversight and accountability. Detention facilities must be held to a High Standard at all times but in this moment it is a vital importance. Yet, over the past few months it is clear that ice in its contractor had not taken this a break seriously and have not treated it aggressively enough. More than 3000 detainees, 280 contractors and at least 45 ice employees assigned to detention facilities have now test positive for covid19. Sadly, we have watched as two detainees a potential third today in the state of florida and contractors due to convoc
Points and the s p is relatively flat weve been watching what is happening in the treasury market and we take a look now, well see the 10year yield, at this point, seems to be sitting at 0. 655 andrew, over to you. Just out in the last half hour, the Biden Campaign releasing a new jobs plan. Kayla joins us with more its 700 billion, kayla yes it is stemming from a 110page policy document that is essentially emerging of the left and moderate ring priorities inside the Democratic Party. It was produced. I the Campaign Said it will create millions of goodpaying jobs and reinforces some policy commitments as well as jot lining new programs that a Democratic Administration would push for including a 15 federal minimum wage, mandate for 12 weeks paid family leave, universal prek for 3 and 4yearolds and payment platforms for lowincome americans run by the federal reserve. Democrats say a Public Credit Reporting Agency is needed to provide transparent alternatives to the private sector. There