Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. 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 a part of our oversight work, the commission has decided to hold
The auto sector. Ford and nikkola news coming your way just about to flat line with 59 minutes left in the session. We have a big lineup of ceos coming up on todays show. Dan rosensweig on the back of cheggs earnings it is a moon shot. Then the head oof another stock that has been on a terror, henry ji, ceo of Sorrento Therapeutics and its a huge earnings news, disney, nikola and well speak with the ceo of ww right after the numbers hit. We have 58 minutes left of trade. Mike san totoli is tracking act and phil lebeau. B mike, start us off with the Broader Market it is flat. We alternate the days between when the indices look better than the majority of stocks and days like today when the indices are doing nothing but holding near the highs take a look at the s p 500 here we are on a year basis. You have the pop and turn pattern. You pop above the highs and then chops around right now were above that june high 3350 or so would be a 50 rally off the closing low for from 23rd that is 19
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 exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
Search for one of the worlds most wanted. Caught. Lets do business american great microsoft could save the day for fence its in talks with the chinese to buy this service in the u. S. The deal could stave off a president ial bad by ensuring use adata stays in the u. S. Office life today would be unthinkable without microsoft word and excel. But so far the worlds leading Software Producer hasnt ventured significantly into social media that however could change. President donald trump wants to ban chinese owned platform ticktock in the u. S. He fears data from u. S. Citizens could end up in the hands of Beijings Communist Party this could be microsofts chance. 2 jake talk is an internationally successful video platform ringback. It allows users to upload short clips of themselves and watch clips of others available worldwide it is owned by a Chinese Company but dance thats a problem for the u. S. Government shop wants to curb beijings influence in the United States along with other Chine
The republican senate. We are living through one of the greatest failures of president ial leadership in our countries history. Did you hear that donald trump . You have created one of the greatest failures of president ial leadership. We are going to this last portion of the conversation because the senate is about to gamble back in after their weekly caucus meetings. Senators continue work on the 2021 Defense Authorization bill with votes scheduled later this afternoon for five Senate Coverage on cspan2 a senator madam president. The presiding officer the senator from wyoming. Mr. Enzi madam president , i rise today to discuss our federal finances and the need to address our unsustainable fiscal debt and deficit. The federal budget has already been on an unsustainable path before covid19 reached our shores and before the pandemic and our governments response to it, which has accelerated what i believed is a coming day of reckoning. I recognize the unprecedented crisis presented by th