Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
Themselves after they are finished speaking. Consistent with the regulations house resinac 965, staff will mt members and witnesses after the process. Tewe are not recognizing background noises. Orr and decorum apply to this remote hearing. His hearing is entitled ensurin against a pandemic colin challenges a solutions for policyholdersle and insures. I w recognizeyself for three minutes to give an opening statement. According to theongressional Retail Service 1 million peop could enter a sta of extreme poverty due to the Global Economic contraction a here in the United States 67 mlion people have filed for unemployment insance since march of this year or the harmful eects of ts pandemic on the stability of sml sinesses like restaurants nnot be overstated. They have been obliterated. Dozens of restaurants in my home strict and ms. And st. Louis have closed in wh them the vendors who sell the farmers are owing the food truck driver Storage Facility facilities and entire suppl chains are
For those not voting this year you can call us at 202 . 488003 we begin with a story from the Associated Press this morning about early voting. A record avalanche of early votes has transformed the 2020 election. You can see pictures of folks voting in durham, North Carolina for the beginning goes like this. More than 22 million americans have already cast ballots in the 2020 election. A record shattering avalanche of early votes. The pandemic has transformed the way the nation votes. 22. 2 million, thats as a friday night, ballots submitted, representing 15 of all votes cast in the 2016 election. Even as eight states are not yet reporting their totals and voters still have more than two weeks to cast ballots. Americans rushed to vote, leading that a record of 150 million votes may be cast and turnout rates could be higher than any president ial election since 1908. The story goes on to say that so far, the turnout has been lopsided with democrats out in 42 republicans by 21 states. Re
To atlanta, President Trump campaigning there today. He talks about and introducing his plan to boost Economic Opportunities for black americans. On the stages housing secretary ben carson. Live coverage here on cspan2. This is about people who believe in our system and people who want to fundamentally change us into something else. [applause] killing, destroying, intimidating people, those are not godly principles and we should never invite people into our community, no matter what has happened who throw bombs and loot and destroy peoples livelihoods. If we see people welcoming them those people ought to be shunned, kick them out of your neighborhoods and dont let them destroy everything and go back to the lives of luxury. What a bunch of crap. You know . [laughter] [cheering and applause] we need to concentrate on educating people and im building our community and that is what President Trump is doing, building our community. All you have to do is look, all you have to do is open you
Welcome to bloomberg surveillance. I am Francine Lacqua in london. We are also getting a cut of an Oil Demand Forecast amid the darkening of the travel situation. If we go straight to the markets and have a look at those, the story really is with these stocks, so yesterday, the stocks had quite a big move, and we are trying to figure out exactly what that means for the earnings forecast for the future. What else i am looking at is crude oil, as you see, 42. 56, after the iaea report, and the litmus test, in terms of risk appetite, gold at 1930. Are signs of faltering after stimulus talks in washington remain at deadlock. Now, lets get straight to the bloomberg first word news. Reporter hi, francine. A warning that a failure to control the pandemic is undermining the economic recovery. The boston fed president says americas over eagerness to reopen has backfired. He is concerned many temporary layoffs may become permanent job losses. Rosengren my thought is some kind of stimulus is goin