Respirators used in manufacturing and in mining and in construction could be used in health care settings. They are very similar but not the same but could be used that way. And the only thing thats keeping a lot of manufacturers from selling those masks to the Broader Health care population is because of Liability Provisions or lack of liability protections. There is the public readiness Emergency Preparedness act passed in 2005 that basically indemnifies manufacturers, distributors, and users of these mafpks pardon me of users of products defind as a device or covered counter measure. So i happen to be on the staff that did that legislation in 2005. We did not consider a situation like this today. We thought about cac vaccines. Therapeutics. But not respirators to be the first and only line of defense for Health Care Workers. Thats an important capacity and capability is to include language or modify the prep act to include language to include rest pritory protective devices for that
The committee will come to order. I thank all of our witnesses for returning this morning. We appreciate the recognition of our interest and oversight responsibilities. This is a crisis that is evolving quickly. Since our hearing yesterday, the World Health Organization declared the coronavirus outbreak a global pandemic. Cdc has now reported that we have almost 1,000 confirmed cases. That is up from 100 reported cases a week ago. A 900 increase. Americans are worried. They are scared. It is essential that we are able to hear directly from the Health Officials leading this effort with just the facts. Im going to go to the republican side first which is where we left off. Before i do that, without objection, the following three letters we sent on march 3rd to hhs and cdc requesting basic information including about t t testing are entered into the record. We have not gotten any response to those letters. And with that, i recognize mr. Higgins. Thank you, madam chair. Gentlemen, thank yo
Quote, dont go to crowded places. Look, thats going to slow the economy. We dont know by how much. Remember, friday, larry kudlow was on the show, told us that targeted stimulus is being considered. The fed is being urged to take steps, too. Were watching for any announcement. Heres the other big problem. The price of oil is tumbling. The saudis have launched a price war, promising to flood the world with a glut because russia wouldnt agree to production cuts. American drillers will take a huge hit. They cant make a profit at 30 bucks a barrel. 31. 89 right now. Look at this. Money pouring into treasury securities, pushing the yield way down to yet more record lows. Takes your breath away. We were down to 0. 31 at one stage. Now we are 0. 41 . Extraordinary. It has to be said, the United States is in a better position to weather this storm. That jobs report was a blockbuster. Look at italy. Its locking down a quarter of its population, locking it down. That lwill ensure a deep recessio
Is david asman. Joining me on the panel gary, zachary liz. Attended christine on the Stock Exchange. Was it the Oil Price Crash that set this all . Reporter several factors, one has to revolve not necessarily the virus itself but the panic around the virus as well as oil, it is so difficult to price and the Economic Impact and what the virus is going to do to companies acrosstheboard which is why you sell the selloff today and we have a Circuit Breaker halt all markets when we saw it fall down 7 . That helped liquidity but using acrosstheboard everything over 7 lower for the day. Oil hitting a low we have not seen since 1991 and that really did hurt shale producers across the country across the globe and it shifted investors to move their money into safer bet like ten year treasury bond and thirtyyear treasury bonds. We saw the ten year drop to 31 basis points, that is 0. 319. Not even percentages anymore. And the same thing for the 30 year yield, it fell below 1 . These are numbers we
Media, which are legitimate we are going to win the about the kind of Economic Impact this is going to have. Democratic nomination. Chris we asked you for chris with the next Big Questions for the panel, and on votes this tuesday in six states, we will ask sanders if he can flip the race for the the issue of how the coronavirus democratic nomination one more could impact, or even threaten the u. S. Economy, we got this on time. Twitter from texas guy, has the plus, a friday night surprise as coverage, Media Coverage of the the president reelection coronavirus been overhyped, campaign, he replaces chief of staff Mick Mulvaney with a key juan, how do you answer texas ally, congressman mark meadows. Guy . We will ask our sunday panel juan well, i think there about the west wing shakeup. Are alarmists out there, but the president , i think, has been somewhat partisan wearing that and, our power player of the red haaretz, calling the week, a former Rocket Scientist government of Washington