Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
1st some breaking news out of afghanistan theres been an explosion at a mosque in the capital kabul police say at least 4 people have been killed and many more injured in the blast they say the mosque official leading the prayers is among the dead theres been no immediate claim of responsibility lets speak to feel confident in kabul she is a freelance journalists in the Afghan Capital joins us now live what more you hearing about this attack and how significant is it. Well thats right and this is a story that still developing here in kabul everything is still very fresh as the attack happened about a couple of hours ago famous mosque in the west of Kabul Ministry of interior spokesman did confirm that so far 4 people are dead and at least officially 8 people have been injured who have been transferred to different hospitals. Here spokesman also said that confirmed that explosives have been put inside the mosque during the main prayer and this is on a friday thats when mosques are pocke
Returned to the streets of lebanon as the currency tumbles to you know it. And im here to say majority sports news for me the one races in azerbaijan singapore and japan become the latest Sports Events to be canceled because of coronavirus. But 1st we have some breaking news out of afghanistan there has been an explosion at a mosque in the capital kabul police say at least 4 people have been killed and many more injured in the blast and they say the mosque official leading the prayer is among the dead there has been no immediate claim of responsibility but lets get more of it find out much so we can we can speak to have wardak who lives close to the mosque where the blast happened and is also an analyst on National Security matters joins us now via skype happy but so you live nearby what did you hear and see. When i saw people walking out of the mosque and rush. Ambulances going to the mosque and perhaps nice sound of the explosion it sound like it happened right when you leave for a g
Huge foreign dance weighing on its coronavirus hit economy. Also with Shopping Mall rental income plunging businesses reassessing office space all look at the pandemics Lasting Impact on commercial real estate. And in sports costa rica becomes the 1st country in the americas to resume their professional football league. And ever jetliner with almost 100 people on board has crashed into a crowded neighborhood near the airport in the coastal pakistani city of karachi there are at least 2 survivors from the plane pictures before sadly showing one man being carried away from the wreckage have been posted online its not known how many people were killed or injured on the ground pilot of the Pakistan International Airlines Plane was heard transmitting a mayday to the control tower shortly before the crash lets get the latest now from a whos in islamabad what more do we know. Just moments before that crashed in the residential area he had already informed the controller at karachi. Had indeed