Come to order. I want to thank everybody for coming. I have a fairly short statement that i will read and then i will turn to the senator. Were convening under different circumstances of our previous meeting. Were following the guidance of the cdc and the office of attending physician. So were spaced further apart. Our staff is reduced. Were grateful for all of them. The general public is watching online rather than filling up the room. So our hearing today will look a little different. I think we can all agree that the capitol feels a little different, the halls of congress feel a little different. Small businesses, if theyre allowed to open at all, are operating on a very different circumstances. American homes have become classrooms and offices for millions of american families. And at least for a while, American Life as we know it has changed. Nonetheless, access or inaccess to Broadband Internet services, especially in rural areas, as remained unchanged and it might be a good topi
Coons. Convening under different circumstances than our previous meeting. The were cbc following the guidanc the cdc and the office of the attending physician. So were spaced further apart. Our staff is reduced. Though we are grateful for all of them. The general public is watching online rather than filling up the room. So our hearing today will look a little different. I think we could all agree that the capitol feels a little different, the halls of congress feel a little different. Small businesses, if theyre allowed to open at all, are operating under a very different circumstance. American homes have been classrooms. And offices for millions of americanan family. And at least for a while American Life as we know it has changed. Net nonetheless, access or inaccess to Broadband Internet services m especially in rural areas has remain unchanged. And it might be a good topic for us to touch on today. Our witness today of course is the esteemed chairman of they6yf the governments most
The subcommittee meeting will come to order. I want to thank everybody for coming. Ive got a fairly short statement that i will read and then i will turn to senator coons. Were obviously convening under different circumstances than our previous meeting. Were following the guidance of the cdc and the office of attending physician, so were spaced further apart. Our staff is reduced, but were grateful for all of them. The general public is watching online rather than filling up the room. So our hearing today will look a little different. I think we can all agree that the capitol feels a little different, the halls of congress feel a little different. Small businesses if theyre allowed to open at all are operating under very different circumstances. American homes have become classrooms and offices for millions of american families. And at least for a while American Life as we know it has changed. Nonetheless access or inaccess to Broadband Internet services especially in rural areas has b
U. S. iran relations. I should stress these events are strictly nonpartisan and not intended to offer any kind of policy, recommendations, or agendas. Therapy meant to give greater insight into how we got to where we are, which we believe helps us to understand how we can solve problems. A few thanks and then over to allen. The Melon Foundation funds building program. We are grateful to them. The room has been booked by chronicm congressman consequentnellys o. I will turn it over to the moderator of this event. Most of you will find these index cards on your seats. The intent of these is as the discussion proceeds, if you have questions, write them on these cards. We would collect them after formal remarks and use them to initiate the discussion, all right . Think about that as they are giving their remarks. Allen . Thank you, dane. Good morning. In 1941, the influential publisher henry loose declared that, in his view, the 20th century would be the american century. A time when americ
Which we have not seen. Been 112 trading days since all three major averages fell by police 1 . We not quite there yet at this point. Stocks have been bouncing around a little bit in todays session on this downdraft we are seeing. Volatility is rising in stocks. But not stocks alone. This is as we see the 10 year yields reached 2. 71 . The selloff in bonds is strengthening as well. Here you have volatility months to date for stocks, the white line. Bonds, the blue line. Is the yellow. We have seen a surge in all three of them for the first time in quite a long time. We have not been seeing much volatility in this market as a general rule. Youging back to stocks, look at the landscape of what is declining today. It is a broad base selloff as you can see. Telecom and utilities are higher. Interesting those Interest Rates are higher even as we see those bond yields of those elevated levels. A are seeing as more defensive groups. On the flipside, the worst performing groups, energy, health