Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
Be also not seeing the robust gains we have seen the last couple days. Looks like we are snapping out of six days of gains for mainland shares. Hang seng also down 53 points or so. Nikkei futures slightly positive. We are watching currencies and other bonds as well. We are looking of course at the dollar which is holding pretty steady after we saw some strength in the u. S. Session. Chinese 10 year yields, yields actually falling lower by two basis points. Offshore room and be back above 710, 702. Aussie dollar continuing to see weakness with victoria, melbourne under a six week lockdown. And of course we mentioned the yen earlier. We are watching the hong kong dollar very closely here. Our scoop on how president trumps aids are waiting proposals to undermine hong kongs dollar. Seems like right now it is just talk, a lot is hypothetical. You are seeing a lot when it comes to the spot rate, but you see of the bit of movement in some of these markets, up slightly. Of boostingback interve
Housing, in urban affairs will come to order. The days after the run on Silicon Valley bank, when it was close by the california banking regulators and taken over by the fdic many in washington, new york, in california asked, how did this bank and Signature Bank, soon after, failed so spectacularly . Was it the regulators falling down on the job . Was it new technology . The first social media fueled bank ran . How on earth could this happen . In ohio, the, no one is surprised by the hubris of coastal Bank Executives. The old adage has become cliche because it is so often true. The simplest explanation is best. It is first and foremost the bankers fault that the banks crashed. We know that federal and state banking officials repeatedly told managers and directors of your banks where there were problems, big problems the kind of problems you cant ignore. The tiny you have to start fixing right away. Bank executives did not listen. That is a well documented fact Silicon Valley banking si
Day of my political life, i feel like its all been worth it. Politics, Paul Wellstone told us, is about the improvement of peoples lives i know that the work ive been able to do has improved peoples lives. I would do it all over again in a heartbeat. For a decade now, every time i would get tired or skurdiscoura or frustrated, i would think about the people i was doing this for and would get me back up on my feet. I know the same will be true for everyone who decides to pursue a politics that is about improving peoples lives and i hope you know that i will be fighting alongside you every step of the way. With that, mr. President , i yield the floor. Senator al franken calling it the worst day of his political life, says in the coming weeks he will resign as a member of the u. S. Senate after several allegations of inappropriate behavior, allegations he said were simply not true, others he remembers very differently, adding i know in my heart nothing ive done as a senator has brought di
The yorkshire batsman says he feels privileged, humbled, and very excited. And who would have thought bell ringing was a dangerous hobby . Well, sadly one man at Worcester Cathedral knows first hand. Good evening and welcome to bbc news. A bbc investigation has exposed widespread drug abuse and Security Failings at one of britains biggest prisons. An undercover reporter from the bbcs Panorama Team spent two months working as a Prison Officer at a privately run prison in northumberland. He found inmates threatening staff and even a hole in a prison security fence. The Ministry Ofjustice says its looking into the allegations. Heres our special correspondent ed thomas. Undercover in one of our biggestjails. Bbc panorama filmed the drugs feeding addiction inside. And the staff pushed to their limits. Hmp northumberland is a private jail run by the French Company sodexo and home to more than 1,300 inmates. And for two months, bbc panoramas joe fenton. On his first day, 2. 5 kilograms of spi