Been configured to maintain 6 foot distances between senators, witnesses and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. For those joining remotely, a few Video Conferencing reminders. Once you start speaking, there will be a slight delay before you are displayed on the screen. To minimize background noise, please click the mute button until you ask questions. If there is a technology issue, we will move to the next senator until its resolved. Again, remind all senators and our witnesses that the fiveminute clock applies. Those of you remote should have a clock on the screen showing how much time is remaining. Well try to give you a gavel reminder when your time is almost expired. To simplify the speaking order process, senator brown and i have agreed to go by seniority for this hoogerheide. With that we welcome our witness steven t. Mnuchin, secretary to department of treasury an honorable jerome powell, board of governors of the Fe
Men arguing before congress that the country needs more stimulus money to battle the coronavirus. Wait until you hear who and which industries fed chair Jerome Powell and treasury secretary Steven Mnuchin say need it the most. We will have a live report from d. C. We are 90 minutes away from teslas ceo elon musks big reveal. It comes at his shareholder and battery day event. We have a bull bear debate ready on musks latest brainchild and his argument for the death of the internal combustion engine. Plus the one thing ceos never want to hear. Nelson peltz is on the line, the famed activist investor formerly taking aim at comcast, he thinks the Parent Company of nbc, peacock and universal, is undervalued. We are bringing in former ceo of at t broadband. The cable industry legend weighs in on that, whether sports on cable is dying and his latest spac investment. He was early on the spac train. Is it a National Security threat or just business . The confusion now swirling like a tornado ov
Investors are back on and betting that stimulus is off and their favorite trade is back in. They, amazon, facebook, are all helping the s p 500 higher today, having held it back earlier this month. Stimulus is not just key to the Value Investor right now. Fed chair jay powell and treasury secretary Steven Mnuchin making the case today for more stimulus. It looks as though the base case is no additional fiscal support. That is why we are suddenly seeing the rotation back into big tech and byebye any value investing. Joe yes. The prospect was already looking dicey for fiscal stimulus. With the new fight in d. C. Over the vacancy on the supreme court, that reduces the odds. But even setting aside the market question, we hear from fed chair powell that to get a robust recovery, we need more stimulus. It was expected by the fed we would have it. Bloomberg economics is projecting that gdp growth will be 5 slower than it would have been in q4 in the absence of stimulus. Again, rotation, value
Battery day event. He announced a 25,000 electric car within three years. The u. S. And china clash again. This time, at the virtual u. N. President trump slammed beijing for the coronavirus. Xi jinping warns no one should profit from the problems of another. Haidi lets take a look at how we are setting up for the start of trading proper here in asia. We had a reasonable session in the u. S. , that tech rebound continuing to keep things afloat. This as we continue to get a little bit more news flow as to the stopgap measure being reached between the democrats and the gop. U. S. Stocks in the overnight session climbing. Tempering some of these concerns that came through from jay powell, pointing to slow economic recovery as well as Charlie Hedman saying the recession could worsen without more fiscal support. We see the nikkei 225 flat at the moment. We saw that japan markets have been closed. Futures have been dropping. We have seen during that time asia extra pen falling 2 asia x japan
Stream live or on demand at cspc d cspan. Org debates or listen live on the cspan radio app. Colorado governor jared polis spoke at the reagan president ial Foundation Education summit. He discussed the role of the federal government in education. Teaching vocational skills in high school, and colorados experiences with virtual and inperson education during the coronavirus pandemic. Well, governor jared polis, its a privilege and honor, as somebody who spent a lot of time in state and local government, i was an admirer of yours and your time on capitol hill. I know you have a long history working with education and so many different roles. So i i thank you very much for taking the time to be with us today. John, its a pleasure to see you virtually. I cant wait to see you again in person sometime. I look forward to updating you on some of the important work supporting our schools this colorado. Good. Good. Well, as the son of a coloradans, i look forward to that, as well. Let me let me