All participants shall refrain from discussing any classified or other information protected from public disclosure. Second, the committee is conducting virtual hearing in compliance with house revolution 965. And the regulations for remote proceedings. Its being broadcast live on the committees website. Because the threat posed by covid19 pandemic remains ongoing, we are proceeding this hearing remotely in order m to ensure the safety of our witnesses, members, staff andnd public. All wish we could return to all standard and person events, health and safety protocols dictate we find alternate means of carrying out or oversightht obligations. Okay, let me s remind members during remote procedures, first consistent with the regulations the committee will keep their microphonese muted to keep down background noise be they responsible for under it in themselves and they see recognition they are recognized for five minutes. Sometimes our delays when commuting or unmute in, i would ask memb
There and that continues, at least. No rally 37 bucks. So many different stories to choose from. Lets start with oracle. Those shares are jumping ahead of the bell. Apparently beat out microsoft and walmart in a deal for tiktok and jim and i will go over this and find out what represents a deal nvidia arm holdings. Jensen huang will join us later this and verizon ceo, yeah, why not. Talk to us about that deal, as well verizon buying track phone maybe as much as 7 billion with certain targets met. Jim, no shortage of m a and didnt even get to the gilead deal give me your take on where we stand on the markets before we Start Talking specifically about this tiktok transaction. I can argue i want older people who keep saying the market is too high to cover their ears i could argue that all these deals this morning add up to a market that some people think is too cheap. The amount of money that is going into stocks that i think many people felt were overvalued is astonishing, david. And i t
Thank you, madam speaker. I ask unanimous consent to revise and extend my remarks. The speaker pro tempore without objection. Thank you, madam speaker. I yield to my friend from maryland, the majority leader. Mr. Hoyer i thank my friend from georgia for yielding. On monday the house will meet at 9 00 a. M. For morning hour debate, i repeat that because its unusual. On monday, 9 00 a. M. For morning hour debate and 10 00 a. M. For legislative business, votes expected to occur as early as 2 30 p. M. On tuesday and wednesday the house will meet at 9 00 a. M. For morning hour debate and 10 00 a. M. For legislative business. On thursday, the house will meet at 9 00 a. M. For legislative business. The house will consider h. R. 1425, Patient Protection and Affordable Care enhancement act. This bill will sig canly increase the a. C. A. s affordability, subsidies, lower Prescription Drug prices, expand coverage and crack down on junk plans. While strengthening protections for people with preexi
Curfew takes effect at 8 00 p. M. Eastern time tonight. The u. S. Forasts double standards after its treatment of its protesters. Then stocks sit higher as pboc unveils measures to boost lending to the real economy. 6 00 a. M. In london. 7 00 a. M. In paris or berlin. Understand whyo markets really are looking through the threat of martial law. Hisammons sent through notes. He said if you see this black swan evolve, i. E. Curfew across america, you are looking potentially at equities to retrace all the way back to march 23 levels. Of course, trump is potentially saying that he could bring the military onto the streets, saying the Second Amendment will not be affected. Annmarie exactly. Good morning. This is the question investors i read that note from ben ammons. The fact is, this divergence, what is going on in terms of wall street versus main street, the disconnect between the markets, which had a three month high, and what is actually happening around the world, let alone the fact t
One is economic confrontation and the other is expanding domestic Political Partnership just to bring you some gdp data from determine any, the economy there for 2019 has grown 0. 6 thats the weakest sings back in 2013 in 2018, that was 1. 5 the Public Sector Budget Surplus was 1. 5 of gdp. Thats fall evan significantly from the 2018 number which was 1. 9 the forecast in line, 0. 6 was the forecast those are numbers from the german office. This is all about export economy here in germany. We are seeing trade war Overall Economic slow down challenges when it comes to auto sales all weighing on those gdp numbers which forms the backbone of that heavily focused number my colleague is in frankfurt this morning and can provide more context annetta. Reporter actually, that is bang in line with what we were expecting for 2019 from germany. What you are saying, those factors are still there. The trade war is not going away. The structural changes are not going away the question is whether the