It is fascinating because the stock is up 67 , at the highs of 74 , on pace for its best day. On the hope that they may be will come up with a vaccine. Markets are so excited for the possibility of a vaccine against this virus. David not just the markets. I think all of us are excited. In the meantime weve been hearing from dr. Fauci from the nih talking about the prospects of reopening and what the risks are. Are the markets reacting to what he is saying . Abigail not all that much. His remarks are more cautious that a vaccine will be available this fall. The idea of herd immunity, not a lot of positive commentary. These are the major averages fluctuating. Not a huge reaction. I would say there is caution. One of the pieces of news on the day that weve been talking about is some degree, especially yesterday, the bond issuance. A piece of this has been on the idea the fed will step in and buy some of these credit etfs. Today is the day they start the at. Investment group they start tha
At grave risk, and in story after story this book chronicles how powerful players have hijacked the language of science to the detriment of we, the people, the essential bedrock of our democracy. Attacks on science and democracy are not new, though todays Political Climate brings them into sharp relief. Were witnessing the denial of facts and evidence, the dismantling of science and scientific the expertise in our federal agencies and the rollback of evidencebased public protections. The bottom line is that when science is sidelined in government decisions, people get hurt. And this assault poses an additional threat to our democracy. Indeed, the very fundamental institutions of our democracy our elected officials, appointed officials, our laws, our regulatory system, even the courts are under threat. Government is increasingly responding to the interests of the few over the interests of the many. Trust and confidence in our governmental and Public Institutions are eroding. Voter suppr
They were next scheduled to meet march 17, so essentially coming out today and saying we will use the tools we had to keep monitoring the situation. Comes at a day the g7 finance ministers all got on a call and talk about what to do about the coronavirus. Is that a coincidence or is there some connection . The financetially ministers, led by Steven Mnuchin because the u. S. Is the host country for the g7 meeting, had a policy morning to talk about the coronavirus and the effect on the economy. Only hours later we saw the fed said they were going two. , he wasy as powell said going to talk to central bankers around the world. We think this will put more pressure on other Central Banks to potentially make a move. There was some talk in the markets about how whether or not the banks will make a coordinated move. The banks will move first. We will talk about what happens next with the boe, the bank of canada, etc. Guy did jay powell explain why this move will address this problem . He admi
The Committee Meets today to receive testimony from the department of defense fiscal year 2021 budget request. Welcome our witnesses and thank them for their service in both dr. Mark esper and general mark we have a pair of marks in this morning. This committees top priority is ensuring the effectiveness of the National Defense strategy. Thats our vote that we had heard, adhere for a long period of time now. About three years. Unfortunately, the last administration we ask our military to do more with less and that got us into trouble between 2012 and 2017 we lost 150 billion to sequestration. Our Defense Budget in the readiness of our forces were devastated. I think we all understand that. As a result, when President Trump came to office, he inherited American Military and crisis, thankfully he delivered on his promise to begin rebuilding the u. S. Armed forces. He negotiated the highest level of defense spending ever, a down payment toward getting our military back to where it needs t
The Committee Meets a diversity of testimony in the department of defense here, 2021. The budget request, we welcome our witnesses and thank you for their service in both doctor mark esper, and general mark. We have a pair of marks, this morning. This Committee Top priority is ensuring the effectiveness towards the National Defense strategy which is both what we have been adhering to for the long period of time now, but three years. Unfortunately in the last administration we asked irma terry to do more with less. That got us into trouble between 2012, 2017, we lost 150 billion to seek frustration. Our Defense Budget in the readiness of our forces were devastating. I think we all understand, that as a result, when President Trump came to office, he inherited American Military in crisis, thankfully, he delivered on his promise to begin rebuilding the u. S. Armed forces. Last, year President Trump and negotiated the highest level of defense spending ever. A down payment towards getting o