Christine lagarde, president of the ecb, moderated by Francine Lacqua. Francine what a great pleasure to be here with Christine Lagarde, president of the European Central bank, and welcome to the forum here at bloomberg. Everyone is talking about the vaccine. How will that actually change your forecast and the economy if we do get a vaccine early next year . Ms. Lagarde it is lovely to see you and to participate. To your question, i am not sure it is going to be a major game changer for our forecast, simply because what we had anticipated in our baseline was that some stage in the first half of 2021, there would be a vaccine, and that it would be rolled out in the course of 2021. So it might be a little back celebrated a little bit accelerated given the news we are receiving from the various horizons, germany, the u. S. , but i dont think it is going to be a game changer, so to speak. I think that our forecast is being revisited all those times we speak, and we will be releasing on dec
David hawkings is the editor in chief. There are leadership elections. Explain how they go about the two parties electing their leaders and can we see any changes . We will see some so, they meet in caucuses, different causes. No surprise here. The things are happening a little bit differently this year because of the pandemic. The Democratic Caucus which is happening the first of the meetings is happening today. There is a virtual opportunity for members to stay home, stay in their districts and cast the votes in the upcoming leadership elections using a secure app that the democrats have come up with. We wont see any changes at the top. The republican leadership, kevin mccarthy, steve scalise, maybe, maybe not liz cheney, thats staying the same. Were not seeing any changes at the top there either. Remarkably long run of nancy pelosi as the leader and jim clyburn of South Carolina as number three, thats all continuing. Thats continuing for a into a 16th year. Its a remarkably long run
Recognized by the chair. Members are also reminded that they are responsible for muting and on muting themselves and to commute to themselves after they finished speaking. Consistent with the regulations accompanying House Resolution 965 will only mute members and witnesses as appropriate. When not recognized for inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the hearing. This hearing is entitled insuring against a pandemic challenges and solutions for policies and i now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Million People could enter a state of extreme poverty do that to the Global Economic contraction and here in the united states, 67 Million People filed for Unemployment Insurance since march of this year. The harmful effects of this pandemic are the stability of Small Businesses like restaurants cannot be overstated. Thereve been li
Their video functions on at all times even when they are not recognized by e chair. Members are also reminded tha they are responsible for muting and on muting themselves and to commute to themselves after ty finishedpeaking. Constent with the regulations accompanying House Resolution 965 will only mute members and witnesses as appropriate. When not recognized for inadvertent background noise. Members are rinded that our house rules relatin to the order andhe decorum of the hearing. This hearing is entitled insuringgainst a pandemic challenges and solutions for policiesnd i now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 million ople could enter a state of extreme poverty do that tohe global econoc contraction and here in the United States, 67 Million People filed for Unemployment Insurance since march of this year. The harmfu effects of this pandemic are the stability of small bunesses like restaurants can
We will tell you what he is saying. The cdc says School Closings are a terrible way to fight rising covid cases was we have a doctor who agrees with him coming up, sounding off later in this hour. Lets look where stock prices are right now. We see the Dow Jones Industrial down 91 points, the s p down 9. 25 and the nasdaq down a tick as well. We will follow the progress on the market says they are due to open in 29 minutes and you will see the president today for the First Time Since saturday, he will be delivering remarks on lowering drug prices for all americans it to 30 p. M. Eastern time. You can watch that on foxbusiness. Joe biden is set to meet with nancy pelosi and Chuck Schumer today and we cant leave this out, Alexandria Ocasio Cortez is in order to get the virus under control we should close businesses and pay people to stay home. Forget about businesses going bankrupt, the government can take care of all your needs. Isnt that pure socialism and dont we all know how that stor