The dow down as much as 123. The s p is up and the treasury at this point, it looks like the yield has been something people are watching again you dont want to see these move up too quickly it has shown some strength wti, yesterday was down 24 . That was the third worst day ever for oil prices. 18year low. This morning, wti is up better than 13 last i looked it was around 23. These moves with the dow, s p and massive moves yesterday in the market, all of us were a little relieved when the 4 00 p. M. Bell range. I was happier like you. I dont even know what you are thinking at 2,300. When it comes back 1,000 mike spointed out at one poit the dow was down 2,300 points. Im reaching for straws in the ocean but walmart. New highs. Close to alltime highs. I know why i know all of that if walmart lives, i think im going to live. I hang my head on amazon hiring another 10,000 people you saw amazon hiring like 10,000 people. People are still shopping. Becky, i saw we wrote an article. Higher y
Subcommittee on health in Human Services, education and related agencies will come to order. Thank you sec. A desire for being here. It has turned out to be a more eventful week than we anticipated but we are grateful you have shown up as we asked to at the time we asked you to. The budget you suggested, the request, many of the same kinds of cuts that occurred in 2020, and i am sure we will have questions about that. It is not unexpected. You will recall when i called you with the final budget numbers from the 2020 budget, my first comment was, the good news is you didnt get what you asked for. Hopefully that will be the case again this time. You propose a 10 cut, similar cut you proposed in the past in programs that we would be very reluctant in the health care workforces and preparedness programs and research programs, all have been about earlier today at the members reading on the current virus. Rural programs we would be reluctant to discuss. We will need more money this year in m
I will have to be strict with the gavel. The witnesses have a tight timeframe, i know you will all cooperate with that. Let us begin. Welcome, mr. Secretary. We are glad that you are here. We have a lot to take up and every bit of it is obviously serious. The chair now recognizes herself for an Opening Statement let me begin with this, mr. Secretary. I think that confusion is the enemy of preparedness. Confusion is the enemy of preparedness. I believe that the administrations lack of fairness the Coronavirus Response is on full display. Markets are reacting, in some part, to the lack of trusted information amongst many other factors. Our government has to speak with credibility and authority. Instead, it is like a greek chorus chanting through the state. That adds to the confusion. There are key questions that need to be addressed for the American People. What is the full plan should this virusinfected american in high numbers what is the plan for increasing diagnostic capacity . Limit
Wash authors april ryan and cal thomas sunday on book tv on cspan2. Health alec cesar health and Human Services secretary azar was in washington. He talked about the federal government response to the outbreak and testifying on the president s 2021 budget request. The second panel on the Coronavirus Response, those questions will be limited to five minutes, which is the usual case. Only 10 members will be able to ask questions during that round. I will have to be strict with the gavel. Since the witnesses have a tight timeframe and i know that you will all cooperate with that. Let us begin. Welcome, mr. Secretary. We are glad that you are here. We have a lot to take up and every bit of it is obviously series. The chair recognizes yourself for five and its for an opening statement. Let me begin with this. , mr. Secretary i think that confusion is the enemy of preparedness. Confusion is the enemy of preparedness. I believe that the administrations lack of coordination for the Coronavirus
Order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds independent Monetary Policy. A recent news story noted that trump has tweeted over 100 times about the fed since your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics in upholding the feds independence you should be mindful of public perception. Of course, trump continues to try to claim credit for Economic Growth that was put in motion by the policies of president obama Congressional Democrats and the Federal Reserve, irresponsible tr