From the billionaire buyer about his 240 restaurants that are back in business open once again. Hell join us later. First, over to you as we mentioned, fed chair Jerome Powell testifying on the cares act today. Lets bring in steve for more. Steve. Thanks very much, kelly the treasury secretary and the fed chairman defending the programs that are out there. The critical questions being how soon will this money be delivered. Is it going to the right people and is it enough of it out there . Poul w powell was asked about the question and here is his response regarding maybe more needs to be done this is the biggest response by congress ever and the biggest from us and this is the biggest shot we have seen in living memory and the question looms in the air of is it enough. He seems to suggest that more may need to be done. Congress wanted to know where is the money they appropriated and the fed is yet to launch several programs here is graphic that may help you understand where this money
Lets start off with aggression from bill cbs. Can you hear me now . Testing one, two,. Loud and clear, bill. Sorry about that. I want to go back to what bob was in yesterday describing the riot you are comparing it to the shuttle but i was more interested in the first stage of the falcon how did it feel and the second stage feel and you made it sound like maybe it was rougher than the shuttle on the main engine. Wondering if there was ever a point when he looked at doug and said this is not what i expected . Well bill, you took the words right out of my mouth. The summary from yesterday was good, smoother and first stage little rougher second stage and then we saw in shuttle and both of us were expecting. We did comment on it while we were going uphill. I think we tried to verbalize it as much as the new experience that we were having to make sure they were for real between the two of us that we were sensing the same things. Lets go to question from steven clark. Hello, thank you for t
Approval. I asked for your deliberation. Cppcc for their comments. The covid19 epidemic is the fastest spreading, most extensive, and most challenging Public Health emergency china has encountered since the founding of the peoples republic. Under the strong leadership of the Central Committee of the communist party of china with comrade xi jinping at its core, and through the hard work and sacrifice of our entire nation, we have made major strategic achievements in our response to covid19. At present, the epidemic has not yet come to an end, while the tasks we face in promoting development are immense. We must redouble our efforts to minimize the losses resulting from the virus and fulfill the targets and tasks for economic and social development this year. First, a review of our work in 2019 and the first few months of 2020. In pursuing Development Last year, china faced many difficulties and challenges. World Economic Growth was weak, International Economic and trade frictions intens
Remain independent. Economy ts, the global takes precedence over the geopolitical tensions between the u. S. And china. The price of the bailout. Brussels set its criteria for backing the state aid pac package from berlin. We are just under an hour away from the start of cac equity trading in europe. Ets take a look at where the u. K. Markets were closed yesterday. They didnt get that take part in the risk on rally that we saw across the continent. We also see u. S. Equity futures rising. U. S. Cash trade was also closed yesterday to honor the memorial day holiday. As a result we see futures in new york up about 2 on the dow and nasdaq futures as well as s p futures up 1. 8 right now. Lets get your first word news. Here are todays top stories from the bloomberg terminal. Once a virus hot spot in europe, italy reported the fewest cases since february. Below 100 for a second day. The global death toll tops 340,000 with 5. 5 million cases confirmed. In england, Outdoor Markets and car sho
Government in this coronavirus pandemic and efforts to combat the pandemic. He also discusses the political situation in hong kong and taiwan. [applause] premier li fellow deputies, on behalf of the state council, i will now report to you on the work of the government. I ask for your deliberation and approval. I also ask members of the National Committee of the cppcc for their comments. The covid19 epidemic is the fastest spreading, most extensive, and most challenging Public Health emergency china has encountered since the founding of the peoples republic. Under the strong leadership of the Central Committee of the communist party of china with comrade xi jinping at its core, and through the hard work and sacrifice of our entire nation, we have made major strategic achievements in our response to covid19. At present, the epidemic has not yet come to an end, while the tasks we face in promoting development are immense. We must redouble our efforts to minimize the losses resulting from