Experiencing unprecedented declines in activity. Although the remains considerable uncertainty about the economy, we know that the Banking System has served as a source of strength throughout this period. They have supported their customers and committees by pppinating 500 million in loans. The Banking Systems ability to support the economy reflects the Industries Strong capital and liquidity position. In the Second Quarter of 2020, Equity Capital increased to more than 2. 1 trillion, which 13. 4 . Ted to highervels were slightly than the quarter preceding the pandemic. Taken meaningful action to provide banks while maintaining safety and soundness. I will provide an update in five areas in which we have made significant progress. Supporting communities in need, encouraging outstanding loan making. I would like to briefly touch on each of those, starting with our response to the Economic Risks related to covid19. We undertook a series of actions that helped maintain stability in financ
Or at least number of cases and number of deaths appear to be slowing. Certainly in the new york area, new york metropolitan area. Neil across the country, by and large across the globe. That does not mean cases are still increasing. It is theyre not increasing as much. Like yesterday the markets are seizing on that. That is lifting pretty much all of the major s p 500 sectors. All 11 that weve been keeping an eye on here. That despite what youre seeing happening in americas busiest thoroughfare, what used to be times square in new york, the crossroads of america, has been all but tumbleweed territory but again a lot of what youre seeing shows that right now at least in the markets maybe there is a sense those roadways will be busier and soon. There is no way of telling. Blake burman is looking what does justify or will describe what gets people out of their homes and what the government is looking at, what the United States is looking at, what states are looking at, to sort of get goi
Just how high can the great firewall in china really go . But first, to our top story, the u. S. Government is increasing its scrutiny of big Tech Companies. On top of the department of justice and federal trade commission dividing oversight for possible probes into google, facebook, apple, and amazon, the house judiciary says it will spearhead its own investigation into possible antitrust practices. House lawmakers plan to hold hearings on the matter, a move endorsed by House Majority leader nancy pelosi, who had this warning. Unwarranted, concentrated power in the hands of a few is dangerous to democracy, especially when digital platforms control content. The era of selfregulation is over. Joining me to discuss is our bloomberg tech correspondent. What is the latest Development Today in all of these potential or actual investigations . The only sort of publicly confirmed new investigation is the one you mentioned coming out of congress. The doj and ftc have not even confirmed reporti
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Issues, not economic ones. That being said, although they are intertwined these days when security is so critical to the United States and japan and to the philippines as well, that being said and the japanese as we all know are too polite to say this, there is unhappiness in japan over president bidens decision to publicly oppose the sale of u. S. Steel to nippon steel so we thought to focus on the importance of u. S. Japan cooperation on Economic Security, on reliable supply chains, on japans significant and longstanding direct investment across the United States and the potential benefits that an enriched u. S. Japan Partnership Offers to American Workers and allied technological leadership. All these things will be on the agenda at the white house next week. We have two panels of experts today. One on Economic Security that i will moderate and another on Foreign Direct Investments that my japan chair colleague will moderate. But first we have the honor of a keynote and discussion w