Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
Basket size and looks at the issue of what happens when you are able to open and a lot of your competitors are not right i think Doug Mcmillan has the four stages of, lets say, the opposite of grief and acceptance its more like acceptance and euphoria at the beginning theyre stocking up. By the end theyre buying tvs. He laid out a course that i felt was very, very optimistic. But not that optimistic for anybody who competes with him. When you hear what hes winning in, its every category that the Small Business guys do its the bicycles. They have the good tvs going boutique games owns all of that now he owns video games now. There wasnt anything that i heard that did indicate that you go to walmart instead of a Small Business david, doug was very interested in the fact that you bought your pullup bar there, that you might have gone to a gym, but you took that order from a Small Business guy and you gave it to the king yes, i guess that is true the power tower, it wasnt cheap. But its di
The twitter ceo is set to spend half the year in africa. Plus, we speak to the u. S. Deputy assistant secretary of state for cyber munications and communication policy for an insiders view of the u. S. Versus huawei. First, major changes happening at alphabet. N are page and sergey bri both said to be stepping down with Google Ceo Sundar Pichai set to take over that position. The ceo ofai will be google and alphabet. Page and brin will remain on the board. How big of a surprise was this . Aickly pretty bigs up pretty big surprise. There were questions of how much longer sundar might want to be ceo of google. Google is under a massive amount of scrutiny. He has a lot of things to juggle. There have been internal protests. This really was a surprise where basically he is able he has had to deal with all these things and he will be back dealing with all of the other things happening under the alphabet umbrella which includes self driving cars and other things. Sergey asth larry and asiona
What this means for his role at the social network as well as square. Plus, we speak to the u. S. Deputy assistant secretary of state for cyber munications and communication policy for an insiders view of the u. S. Versus huawei. First, major changes happening at alphabet. Larry page and sergey brin are both said to be stepping down with Google Ceo Sundar Pichai set to take over that position. Sundar pichai will be the ceo of google and alphabet. Page and brin will remain on the board. How big of a surprise was this . A pretty big surprise. There were questions of how much longer sundar might want to be ceo of google. Google is under a massive amount of scrutiny. He has a lot of things to juggle. There have been internal protests. This really was a surprise where basically he has had to deal with all these things and he will be back dealing with all of the other things happening under the alphabet umbrella which includes self driving cars and other things. Taylor with larry and sergey
We havent seen the Biggest Development as mexico on trade yet. Nevertheless, the mexican peso weaker and above 19. Lets see where we stand before the close. Its been a positive day in europe, right now moderating those gains. 1 10toxx 600 up just of 1 . Bonds are selling off, and yields are higher. The french 10 year yield a measly five basis points. Turkish lira one to keep an eye on. Geopolitical tensions there as well with the delivery of missiles. We will be talking about turkey and lots more throughout the next two hours. Lets get straight to that breaking news, the resignation of labor secretary alex acosta. The president is speaking with alex acosta right now. We will get to those comments in just a few moments. Bloombergs and adjutant joins us from washington, d. C. Bloombergs Anna Edgerton joins us from washington, d. C. Anna it really looks like it just got to an untenable situation for acosta. He was kind of the face of this lenient plea deal that Jeffrey Epstein had gotten