Record territory. A lot of good stuff in the markets. Well talk more about it. Fox Business Team coverage. Blake burman, Hillary Vaughn reporting from washington. All the talk about what the next stimulus looks like. Blake we start with you. Reporter connell, very public signal from President Trump and his administration, the next steps of negotiation will start to take place today, as we saw the president in the oval office on one side of him. The Vice President and the treasury secretary on the other side of him republican leadership. We heard the president say again he want as payroll tax cut. We heard Mitch Mcconnell say once again he wants Liability Protection for businesses. We heard the treasury secretary spell out other items on their wishlist. Well have tax credits that incentivize businesses to bring people back to work. Well have tax credits for pp e. For safe Work Environment and well have big incentives, money to the states, for education, for schools that can open safely.
The presiding officer are there any senators in the chamber wishing to change their vote or to vote . If not, on this vote, the yeas are 87, the nays are 13. Threefifths of the senators duly chosen and sworn having voted in the affirmative, the motion is agreed to. A senator mr. President. The presiding officer the senator from iowa. Ms. Ernst mr. President , the coronavirus doesnt come with a label saying made in china, but perhaps it should. This pandemic which began in wuhan, china, has flooded the world just like so many products from china that we all now rely upon to protect ourselves against the spread of contagion. The situation underscores the conundrum our nation faces balancing the need to work with the Chinese Government and the challenges of holding the communist Party Accountable for its devious deeds. Plain and simple, the Chinese Communist party attempted to cover up the outbreak of covid19 from the very beginning and continues to do so today. Rather than containing the
Other sectors stepping it up. David that is what i am interested in this week is the u. S. Treasury issuance. We will have to borrow a lot more money. What you think that will do to the treasury market . Abigail today does not having much of an effect. Last week there was a big selloff. On the corporate side, there has also been a ton of issuance. It seems as if the markets are absorbing that supply. Lets see whether that continues. Certainly helping today, one sector that is doing quite well, the Health Care Sector outperforming, especially biotech. Cardinal health put up a good quarter, that has to do with druggist to big drug distributor, the fact they saw their sales boosted by covid19. Weve been talking about the gilead virus drug. It is a pitch scratcher it is a headed scratcher on that one. It lessens the time. It is not a game changer for the economy. A little bit of a popping. We will certainly be watching that debt issuance. That could help to break the tugofwar weve been see
Enclosures in the best way forward and handling payment disputes. This is two hours and 20 minutes [inaudible conversations] the committee on Health Education labor and will come to order. Senator murray has an important meeting right now and she has asked me to proceed with the hearing because we have six excellent witnesses and we want to make sure that we hear from each of you. We want the senators to have a chance to ask questions of each of these so patty should arrive around 10 lock. When she comes we will enter and let her make her Opening Statement and then we will resume the hearing. Good morning senator murphy. Nearly a year ago after brent james from the National Academy testified before the Senate Health committee with a startling statistic. Up 21 2 of what the American People spend on Health Care May be unnecessary. Let me repeat that. Up to half of the 3. 5 trillion the United States collectively spent on health care in 2017 was unnecessary according to dr. James and many
The committee on health education, labor and pensions will come to order. Senator murray has an important meeting right now, and she has asked me to proceed with a hearing because we have six excellent witnesses, and we want to make sure that we hear from each of you. And we want to senator tuesday have a chance to ask questions of each of you. And so patty should arrive about 10 00. When she comes while well interrupt and let her make her Opening Statement and then well resume the hearing. Morning, senator murphy. Nearly a year ago dr. Brent james from the National Academies testified before Senate Health committee with a startling statistic. Up to one half of what the American People spend on Health Care May be unnecessary. Let me repeat that. Up to half of the 3. 5 trillion the United States collectively spend on health care in 2017 was unnecessary according to dr. James, and many of the other witnesses at our hearings agreed with that. Thats 1. 8 trillion, three times as much as we