A hearing jointly mosted by Foreign Affairs committee, Armed Services subcommittee on intelligence and emerging threats in capabilities. In a moment mute all participan other than chairman bar a. All participants are asked to keep themselves muted when not actively engaging in the discussion which should help limit echoes or other disruptions. Do not remember to remute themselves, the host will do so to limit background audio. Members and witnesses are responsible for unmuting themselves any time they wish to be heard. It may take a few seconds for your microphone to unmute. Please keep that in mind when speaking. A timekeeper will monitor the time for this hearing. If you are on the computer, review the time by switching your personal view in the upper right corner of your screen to grid or active speaker and thumbnail view. You can also pan the timer by right clicking or hovering you cursor ore the timer and pressing the thumb tack icon. With that, we are ready to begin. Chairman bar
I will tell you about some of the stocks benefiting from all of this. Well revisit iposs that were launched in great fanfare last week. How they are holding up today. Well be monitoring what make as bear Market Correction as you know. Many market averages themselves are at or close to corrections from highs. Some of them reached a little more than a few weeks ago. So as stuart was pointing out some perspective is in order here. A lot of this has to do with, well a lot of things. Not only renewed spike in cases were seeing in the likes of the United Kingdom and france. In fact the uk theyre revisiting another possibility of another lockdown. That is what is going on in israel, they are in their second lockdown and theyre not very happy about it. Then we have cases here. Four states in the United States that have 15,000 or more deaths recorded. California joining the likes of new york and new jersey and texas. So were monitoring that. But the numbers here are actually stablizing even as
Soybean and pork shipments that putses up 343 points on the dow. We are positive for the week as a whole now despite the declines earlier on this week joining us for the first hour, nathan from risk aver sal advisers so that point exact ly that wer up. 2 on s p, do you think the b jobs number justifies that given where we were monday, tuesday . I think its helpful when you think about the weak ism data and services this week that was a cause of concern. Especially if you did not have a lot of confidence that we were going to have the fear of increas increas increased tariffs taking off so this kind of mitigates that and here we are in familiar territory back at all time highs. Theres a lot of cross currents here what has happened to get us here you know, the fed has expanded the Balance Sheet by 300 300 billion, right and theyve lowered Interest Rates three times, 75 basis points in the last four months just to get us and keep us here. Were going to focus in on the big stories were wat
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Off the job at 31. 00 Assembly Lines across the country theyre frightened to stay on strike until an agreement is reached. And the United Nations is warning that Rohingya Muslims who remain in myanmar are living under the threat of genocide the un is repeating calls for top generals to face trial for forcing iran 3 quarters of a 1000000 to flee to bangladesh 2 years ago the un also says it has serious concerns about a crackdown on refugee camps in bangladesh it says aid workers accused of supporting rohingya protests last month have been banned their phones confiscated and a curfew imposed. Indonesias government to scrambling to control widespread forest fires which are causing a toxic case to spread to other countries this off smoke is causing causing a lot of respiratory problems and disrupting fights has more from the city of peckham baro in indonesia. Were in peckham bar city in the province of rio on the island of sumatra where 40000 hectares of land have been covered by smog and