A military briefing for a full year. When my dad was the artillery commander, they asked the second airborne to come visit. He was troubled. So i have touched royalty. Secretary wilkie is here for important testimony. Do i have the mic on . I can officially call the subcommittee on military construction, Veterans Affairs, and related agencies to order. I would like to welcome secretary wilkie, who is our witness this morning, joining us. Since this is our first hearing with some numbers participating remotely, i would like to begin by offering a brief explanation of how it will work, in order to benefit both members and the public. First, this hearing room has been configured to maintain the recommended six foot social distancing between members, witnesses, and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. Some members have elected to use secure videoconferencing which allows them to participate remotely. For those on videoconference,
Underperforms. U. S. Energy tells cnbc he thinks the worst has passed i think with the rest of this conversation with opec was sim simply to do that. A bailout of the air sector fails to lift. Banks also underperform after jp morgan and wells fargo see their bottom lines hit the imf warns the Global Economy is facing the worst down turn saying at least the Financial System is in Better Health than it was in the 1930s. On the economic front, it makes a big difference there are lenders of last resort they are able to come in and show sufficient liquidity and play a major role in supporting funds and households we have an Important Oil report just crossing let me walk you through the latest it has said Global Oil Demand will fall by a record breaking amount because of the lockdowns due to covid19. It has brought mobility almost to a halt. Crude will drop an average of 9. 3 Million Barrels a day in 2020 that is a record demapped in april will fall by 29 Million Barrels a day to a level not
Thank you. So thank you all very much and for the great job you are doing. It is real incredible frankly. Many of the states are stocked up. Some of them dont admit it, but they have we have sent just so much so many things to them including ventilators, even though theres a question as to hoarding ventilators, some hospitals and independent hospitals, and some hospital chains as we call them, they are holding ventilators. They dont want to let them up. We need them for certain areas. Theres big problems. Cant hold them if they think there might be a problem weeks down the road. So we delivered a lot, and this group has been really fantastic. We want to thank you. Ups and fedex, in particular, youve gone absolutely out of your way, so we appreciate everything youve done and delivered. The federal government continues to mobilize every resource to make sure our front line doctors and nurses have the equipment needed to save american lives. Yesterday i visited naval station norfolk as th
Also to those that are joining us this morning the director of the Kennedy Shriver National Institute of Human Development and the subcommittee on health and education services. Doctor fauci director of National Institute of allergy and Infectious Diseases. And then the director of the National Cancer institute and director of the National Institute on drug abuse. Again, welcome to all of you leader hoyer asked me this morning you have the nih coming he said can you get all the Institute Directors and he said he will this is one of the most remarkable hearings that we have and we thank you for the great work that we loan that you do and saving lives the people of the great country. Let me touch on the matter of the coronavirus i just want to say i thank you to the director and all the institute tends particular thank you to doctor fauci i want to say Public Health experts deserve our praise for what is the excellent work that you are doing and clearly a matter of National Importance an
The subcommittee will come to order. Good morning. Welcome back to the appropriations subcommittee also to those that are joining us this morning the director of the Kennedy Shriver National Institute of Human Development and the subcommittee on health and education services. Doctor fauci director of National Institute of allergy and Infectious Diseases. And then the director of the National Cancer institute and director of the National Institute on drug abuse. Again, welcome to all of you leader hoyer asked me this morning you have the nih coming he said can you get all the Institute Directors and he said he will this is one of the most remarkable hearings that we have and we thank you for the great work that we loan that you do and saving lives the people of the great country. Let me touch on the matter of the coronavirus i just want to say i thank you to the director and all the institute tends particular thank you to doctor fauci i want to say Public Health experts deserve our prai