Recognizeey i myself. The warnings we had and decisions made about the most recent worldwide Intelligence Committee in january of 2019, and i quote, the United States and the world will remain vulnerable to the next pandemic where large scale outbreak of contagious disease that could lead to massive rates of death and disability, severely affect the world economy, strain international resources, and increase calls from the United States for support. We must ask ourselves what are the warnings are going unheeded, and what can we do right now to protect the American People from other threats . Before the unthinkable happens in the future, how can we exercise strategic and precisive foresight to the best of our ability today to ensure are a nation prepared for tomorrow . That same worldwide threat assessment Cyber Attacks is a top global threat with china, russia, iran, and north korea, raging a silent war capable of shutting down with such Information Systems and critical jeopardizing cr
They are telling me to give them a second. Chair connolly can you unmute and acknowledge that you are with us . I am here, mr. Chairman. Chair connolly if you would stay unmuted so i can swear you in. Ms. Counsel, are you with us . Yes, chairman. Chair connolly and mr. Spires . Yes, chairman. Chair connolly thank you. If all three of you would raise your right hand. Do you swear to tell the truth, the whole truth, and nothing but the truth or affirm the same, so help you god . Let the record show all three of our witnesses in the second panel have affirmed in the positive. Thank you. If you are ready, i will call on you for your fiveminute Opening Statement. And welcome back to our subcommittee. It is good to be back, mr. Chairman. Chair connolly im sorry, i didnt see you. Go ahead. I do not have an Opening Statement. I was told to do something in the Previous Panel, with unanimous consent to enter a document into the record on supply chains vulnerability. Chair connolly yes. If you di
Chair connolly the subcommittee chair connolly the subcommittee will reconvene. Are you with us . They are telling me to give them a second. Chair connolly can you unmute and acknowledge that you are with us . I am here, mr. Chairman. Chair connolly if you would stay unmuted so i can swear you in. Ms. Counsel, are you with us . Yes, chairman. Chair connolly and mr. Spires . Yes, chairman. Chair connolly thank you. If all three of you would raise your right hand. Do you swear to tell the truth, the whole truth, and nothing but the truth or affirm the same, so help you god . Let the record show all three of our witnesses in the second panel have affirmed in the positive. Thank you. If you are ready, i will call on you for your fiveminute Opening Statement. And welcome back to our subcommittee. It is good to be back, mr. Chairman. Chair connolly im sorry, i didnt see you. Go ahead. I do not have an Opening Statement. I was told to do something in the Previous Panel, with unanimous consent
Infections. Reported more than 200 deaths today. In the markets, we turn our attention to trading volume. It was pretty light but finished up. Momentum has been fading as we near record highs. On any indication of a new Coronavirus Relief plan coming from the white house. On the day, two words sum up today, summer friday. Slow with low volume. The major averages barely moving. In the middle of the day, there was some volatility. At the end of the day, the s p 500 down just fractionally. Bit. Aang index down just a we saw a little bit of weakness in biotech. That is one of the only indexes down for the week. Beneath the surface, it is not quite as dull. Lets highlight two of the big earnings movers. Semicap Equipment Company quarterly Beat Estimates and raised the outlook. They make the equipment that makes chips which suggest there is demand coming from the chips companies and the companies that use chips which is probably every company out there. That might be a longer healthy tell on
Of dallas. He is appointed in september of 2015 and he represents the 11th Federal Reserve district on the federal open markets committee. Prior to his service for the dallas fed, kaplan was a martial professor of management practice and a senior associate dean at Harvard Business school. Kaplan had a 23 year career at Goldman Sachs and was ultimately named a senior director of the fern before joining harvard into thousand and six. Today, mr. Kaplan joins us to talk about what he believes the road to u. S. Economic recovery must look like in order for the country to bounce back from the damage done by covid19. He is also going to share his Economic Outlook for the rest of the country and into this year and into 2021. Mr. Kaplan, the virtual podium is yours. Right, thank you. Thank you kimberly and thank you everyone for having me here today. I will talk for a few minutes about, as kimberly said, the National Outlook and some of the key things that we need to do and some of the key chal