Agency, including questions from members of the House Oversight committee on cash stimulus payments authorized early in the pandemic. This is two hours, 20 minutes. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] this subcommittee will come to order. Welcome everybody to todays hybrid hearing. Pursuant to house rules members will appear remotely via webex. A fact i may be the only member appearing in person, although all three of her witnesses are here in person. We appreciate that. Since many members are appearing by webinar let me remind everyone that pursuant to the latest guidance come all individuals attending in person must wear a face mask. And i am wearing mine except to make this statement. Members who are not wearing a face mask will not be recognized. Let me also mak
August and a different first of september that has transfixed the nation. In the markets, there is no question i am looking at a weaker dollar today, a profoundly weaker dollar. Text still lifting. Francine the weaker dollar also giving a lift to commodities. A full roundup of the asset classes. To the bloomberg first word news. Ritika President Trump President Trump claims a man arrested for killing two people in wisconsin was acting in selfdefense while simultaneously criticizing the killing of one of his supporters over the weekend. Joe biden flipped to the republican slogan that nobody is safe in joe bidens america, he said the president cant stop the violence because for years he has fomented it. J. P. Morgan chase says investors should prepare for the chance President Trump gets reelected. The bank took a look at polls and estimates there could be a shift of up to 10 points from democrats to republicans if the protests turn from peaceful to violent. The pandemic has created tons
That because there are a lot of people who just think if we can break through that then were going to be able to say when we get a vaccine its just going to be game, set, match for the bulls because we are already at this level without the vaccine i think that today is a confluence of goldman puts citi, wells fargo and jpmorgan in the rearview mirror. Its the old Goldman Sachs model. We have moderna talking up a blue streak this morning on squawk with meg making us feel like inject my left arm, please. We have the Goldman Sachs number that looks like the old days david faber, goldman reminds me of when i dont know, what, 18 years ago yeah. It is a report from goldman that is you can liken to sort of some of the earlier years of their dominance when they were only recently a public company, jim, or really lets not forget their record quarters were actually right at the end of the financial meltdown of 08, 09 remember the numbers they printed then but this is a very Strong Quarter for th
Anything new its been at least eight months anything new going on with you . How is life, is it a little busier than before, any change whatsoever we need to know about . Less sleep, but, i mean busier. Not boozier busier i think all our lives have been boozier. But im so happy for you it must be great i told you that all along. It is the greatest thing i dont know if people know what were talking about, but how old are the babies seven months old. That is still hard. A boy and girl. Still hard. Wow still tough and you are in it deep. All right. But we digress yeah, they are upstairs crying you look like youre far away i am hoping that they will crawl into a shot at some point. But ive seen pictures and they are so cute. We could have some Photo Bombing going on later in the program. Maybe later lets show everybody u. S. Equity futures at this hour, we do have some red across the board. It looks like the dow futures would be off a little over 1 right now. Similar story well, nasdaq off
Down to 0. Hi im Steve Clemons and i have a question as coronavirus challenges society and spreads across america whats the domino effect of keeping millions of students at home lets get to the bottom line. Across the u. S. So far about 5000 cases of coronavirus have been recorded and restrictions are going into effect one of the biggest decisions has been shutting down schools from coast to coast people more than happy to do what it takes to protect themselves and their families but no one knows how the School Shutdown will affect this generation of students and their parents what happens if the School Closures go beyond a few weeks does the entire term get written off what happens if it least one parent cant stay at home with the kids what happens to folks who depend on the free lunches and the breakfasts offered by the Public Schools and with all the talk about Distance Learning is america competent at scale to pull off such a feat so many questions today and fortunately were joined