The Coronavirus Relief packages passed by congress. Good morning. I call this hearing to order. Without objection the chair is authorized to declare a recess at any time. I want to thank everyone especially our witnesses for joining us today for our committees hybrid hearing. I want to make sure to note some important requirements. Let me begin by saying that standing house and Committee Rules and practice will continue to apply during hybrid proceedings. House regulations require members to be visible through a video connection throughout the proceeding. So, please, keep your cameras on. And remember to remain muted until you are recognized to minimize background noise. In accordance with the rules established under hr965, staff have been advised to mute participants only in the event there is inadvertent background noise. For those members here in the room, i urge members and staff to wear masks while in the hearing room and i thank you in advance for your commitment to a safe enviro
I want to make sure to note some important requirements. Let me begin by saying that standing house and Committee Rules and practice will continue to apply during hybrid proceedings. House regulations require members to be visible through a video connection throughout the proceedings. So please keep your cameras on. Remember to remain muted until you are recognized to minimize background noise. In accordance with the rules established under hr 965, staff has been advised to mute participants only in the event there is inadvertent background noise. For those members here in the room, i urge members and staff to wear masks while in the hearing room. I thank you in advance for your commitment to a safe environment for all here today. Secretary mnuchin, administrator carranza, thank you for being here today. Let me start by saying, i want to give a sincere thank you of to all of the staff of both of your agencies who have worked tirelessly over the last few months responding to the crisis.
For Health Care Workers, his conversations with governors, partnerships with private sector companies, and whether there was a chance for the virus to return in the fall. Pres. Trump thank you very much. Thank you. Very comfortable here. A lot of room. And we appreciate you being here. Yesterday i announced we would be extending our social distance guidelines through the end of april. This is based on modeling that shows the peak in fatalities will not arrive for another two weeks. The same modeling also shows that by very vigorously following these guidelines, we can save more than one million american lives. Think of that. One million american lives. Our future is in our own hands, and the choices and sacrifices we make will determine the fate of this virus and really the fate of our victory. We will have a great victory. We have no other choice. Every one of us has a role to play in winning this war. Every citizen, family, and business and make the difference in stopping the virus.
Dr. Anthony fauci saying the 100,000rus could claim 200,000 american lives. I want to take a dive on what happened in the markets today. We will bring in our whatd you miss . Cohost romaine bostick. Talk us through the upward move today. The market is trying to front run any rebound not only in economics but with regards to the health issues. We saw the price into the market over those three days last week. The rally resuming today. They, primarily a lot of health care names, medical supply Companies Like cardinal , as didnd mckesson Consumer Staples names like mccormick, the spice maker. Interesting story in the tech space. The idea that a lot of things largecap tech names offering the yield play that you will not get out of the traditional drivers. When you have 10 year yields that continue to hover below 1 , dividend yields on these largecap tech names. Balanced cash sheet. You start to get this kind of optimism. Some of these secondtier companies. Autodesk rising 10 . Other softwar
Good morning, good afternoon and good evening wherever you are. I hope youre safe and above all healthy. Im the senior fellow at the Carnegie Endowment center of peace and i host a series of virtual conversations on critical important issues. Im truly pleased to welcome to the show a friend and colleague of many years, david satterfield. I first met david when we were both working in the bureau of intelligence and research he was on temporary assignment and i was doing lebanon and pella sitting in during the 1982 invasion and the tragedy that followed american policy. David has had his distinguished career in the foreign service. He has a capacity to read the real estate of a complex region accurately and to do so with great power and with great impressions. Seeing the world the way it is, i would argue can be very discouraging, sometimes paralytic. Seeing the world the way it is is critically important if we are going to have any attempt at trying to change it. Welcome to carnegie con