Provisions in a decade and a vote on the virus. South korea heads to the polls in an election seen as a referendum on president moons pandemic performance. Shery we are seeing qe stocks gaining ground again, now at the highest level in over a month. And this after the u. S. Really finished at a one month high for the s p 500 jumping. We had gains in tech giants. U. S. Futures at the moment under pressure, down 1 . Nikkei futures not doing much right now. We have the japanese yen Holding Steady but this after four sessions of gains. We had safe haven demand as we continue to see concerns of the coronavirus outbreak. Wti at the moment rebounding after plunging more than 10 in the u. S. Session to the lowest level in two weeks. This despite that historic opecplus agreement. Closedave south korea today for parliamentary elections. Happening right now, President Trump having his daily coronavirus presser. He said that he hoped u. S. Funding to the World Health Organization failed in its bas
Small businesses. The Senate Small Business and entrepreneurship heard from witnesses on the drug supply and what Small Businesses needed to stay afloat throughout the outbreak. This is an hour and a half. The [inaudible conversations] i appreciate the witnesses being here into the hearing will come to order. I am going to go through order quickly because senator young has another related topic event thaeventyesterdayeventthat he hi want to recognize him quickly. He wanted to say a few words and i want to make sure hes able to get on the record. Thank you mr. Chairman for holding this important hearing. I first want to get on the record and think the subject matter experts. If theres anything we tgislative leaders ought toif e doing it more broadly the government leaders as listening to the Public Health experts say thank you so much and the experts and some of these discrete areas that will be impacted by the coronavirus. I do regret that in a minute i have another meeting that also p
Achieve strong Sustainable Growth and safeguard against downside risks. The group offered no specific actions to combat the virus. How disappointing was that look, i think this is the same problem, central bankers are dealing with a biological problem that is then going to spill over to economics, probably means fiscal help what are we talking about here lets talk about restaurant closing, malls closing how about the people who work at the places, thinly capitalized companies that are supposed to pay these people Steve Liesman i worked with him this morning, excellent drop in there, par suited into their office one point the Federal Reserve was saying well stand back behind people whose insurance for instance isnt paid off for a hurricane. I think that its up to treasury and incumbent upon treasury to say were going to work with Small Business, if you have a problem, you can come to us, because thats where the real pain is going to be. We dont want the only retailer to be walmart when
Conference today on north korea. As we think about what might be coming down the road on the Korean Peninsula and the broader region, its very easy, i think, to succumb to the temptation to be pessimistic. In fact, as we sit here in washington today, it seems like theres all kinds of reason to be pessimistic. We seem to be facing on the home front a variety of challenges. Were in the midst of a wrenching president ial impeachment process. The broader country seems to have some deep cleavages societally. We have a big problem with mutual distrust in the country. When we look abroad internationally, the headlines we were reading this morning suggest we might be on the brink of a very dangerous war with iran. We last week read about the development of hype tr sonic weapons in russia and coupled with the demise of arms control and the return of great power competition, it looks like the world is getting ever more dangerous. Even American Relations with some of our longstanding allies seem
Korean peninsula and the broader region it is very easy, i think, to succumb to the temptation to be pessimistic. In fact, as we sit here in washington today it seems like there is all kinds of reason to be pessimistic. We seem to be facing on the home front a variety of challenges and we are in the midst of renting president ial impeachment process and the broader country seems to have deep cleavages societally and we have a big problem with mutual distrust in the country and when we look abroad internationally the headlines we are reading this morning suggest we might be on the brink of a very dangerous war with iran and last week we read about the element of Hypersonic Weapons in russia and coupled with the demise of arms control and the return of Great Power Competition it looks like the world is getting ever more dangerous. Even American Relations with some of our longstanding allies seem to be strained to the breaking point. I need hardly tell you all experts on korea that the ne