Including Broadband Access during coronavirus expanding broadband to rural areas telehealth funding and president trumps executive order on social Media Companies. Three hours 25 minutes. Good morning this hearing will come to order todays hearing on the oversight of the fcc. And they are here today and a special welcome to our a distinguished panel for appearing today we will hear from sec chairman pai commissioners. The sec is the nations primary regulator interstate and International Communications networks a core part of the agencys mission is to ensure all People United states have access to rapid and efficient nationwide Communications Services at reasonable prices never before has the responsibility to achieve this mission have been more important covid19 spotlight on the Communications Networks in the American Peoples access to Broadband Service since march there has been a dramatic and sustained a surge in Internet Usage us networks have performed well and we are much better t
You from the bloomberg terminal. American contagion. The u. S. Records its biggest ever jump in new virus cases. Governors reverse plans to reopen their states. Powell puts his foot down. The fed dividends bid buybacks. Buybacks amid uncertainty around the pandemic. Wall street giant slide in late trading. An elaborate fraud. Auditors accuse them of a sophisticated scheme to hide billions of euros. Visa and mastercard consider cutting ties. Just under one hour away from the start of cash equity trading in europe. Lets take a look at the futures as they are trading now. Yesterday, we closed slightly in the green. The u. S. Also rose and rallied into the close on news that banks would get a little bit more room from regulators to trade and be able to use more of their capital buffers, so diminishing the volcker rule, helping in the u. S. European futures are up as well as we get headlines that klm is securing a 3. 4 billion euro bailout from the dutch government, so we see more hope of s
Autonomy is said to have featured prominently. Coronavirus cases reach a record fueled by latin america. Infections in florida hit a record high while Texas Governor said contagion is accelerating at an acceptable rate. 9 00 6 00 a. M. In london, in dubai. What a morning. How to lose friends and alienate a president. Would Peter Navarro be the man that would kill the china trade deal . That is the question posed to the markets. Our next guest said a trillion dollar roundtrip. Words matter. Good morning. You never want words to be taken out of context, do you . It certainly did radel overnight. Overnight. It does really just highlight even though we have seen a powerful rally from the march lows, how sensitive these markets are to any sign of risk out there. This takes us back to david blooms comments. Risk on, risk off. Aussie, kiwi, you see the disintegration of risk off, straight back onto the fuel. How are the markets . On the screen in asia, which is interesting, because we have ke
executive order on social Media Companies. This is three hours and 25 minutes. [background sounds]. Good morning and welcome today hearing on the other side of the federal communications commission. And we have them here today. As a special welcome to our distinguished and all witnesses upon. Today we will hear from fcc chairman. In the commissioner and other commissioners. The fcc is the nations primary regulator and later state International Communications network. The core part of the agencys vision is to ensure that all people in the United States have access to rapid efficient and nationwide Communication Services at reasonable prices. Never before has the fccs responsibility to achieve this mission been more important. In the covid19 Public Health emergency experts a spotlight the Nations Communications networks in the American Peoples access to Broadband Services. Since march there has been a dramatic and sustained surge and internet usage. But the u. S. Network has performed we
Focus with back in more job cuts in the wake of a record loss. Lets get you started with breaking news out of south korea. The Unemployment Rate for the month of may, coming in at 4. 5 , much higher than economists had expected. 392,000 jobs were lost in may from a year earlier. 4. 5 would be the highest level since 2001. This would be the adjusted jobless rate. We have seen losses of jobs when it comes to the hospitality, retail, and manufacturing sectors. Pressured because of weakness in global demand. There was some positivity over easing social distancing. For the month of may, it seems the Unemployment Rate has jumped in april, the. 8 highest level since 2001. Theing us for more is jpmorgan chief economist. Great to have you with us. That seems to be much higher than expected. His it just the is it just the tip of the iceberg given that we are expecting external demand to continue to be weak for the time being . Good morning. Yes, that number is higher than our expectations, indee