Next the director of the federal Housing Finance agency testifying on housing and mortgages during the coronavirus pandemic. House Financial Services Committee Members asked him how his agency is handling the rice in foreclosures and forbearances as well as the operations of fannie mae and freddie mac. The hearing runs over three hours. The committee will come to order. Before we begin, i want to remind members of a few matters including some required by the regulations accompanying House Resolution 965, which established a framework for Remote Committee proceedings. First, i would ask all members to keep themselves muted when theyre not being recognized. It will minimize disturbances while members are asking questions of our witnesses. Members are responsible for muting and unmuting themselves. The staff have been instructed not to mute members except when theyre not being recognized and theres background noise. Members are reminded that they may only attend one remote hearing at a ti
Forth the mandatory measure. Sh in hopes ofa anything returning to normal soon. European court s struck down a datasharing deal between the United States and eu. They could have huge consequences for the worlds biggest tech firms. The European Court of justice ruled on a complaint by an austrian privacy activist against facebook. It says the protections on personal data in the United States are not high enough to meet european standards. Furtrthermore,e, we brining in r business editor, stephen carroll. What are the consequences of this decision . Stephen it is struck down and called privacy shield, an agreement between the United States and european union, currently used by over 5000 tech companies, Car Companies in many different sectors. In most cases, it involves those companies being able to take stores in theo United States. It is not guaranteed the same level of Data Protection as it does under eu rules, and that is why it was ruled invalid. The judge appointed to surveillance s
10 to 20 through our day. Were looking at 67 San Francisco, 73 in oakland and mild around the bay, warming up inland to 81 in san jose and 88 for fairfield. We will talk about the ridge of High Pressure building in and the temperatures on the rise coming up. Back to you. Two the fireworks, they have doubled in size in just 24 hours. It is 20 contained. We are live near gilroy with the firefight still underway. Reporter good morning, we are seeing the day shift arrived and these crews are coming off the line and they are switching over with the guys to get relief on the very busy firefighting effort that is happening in the hills near the area. We are here at Christmas Hill park. The internet over to cal fire and they have taken it over and the size of the operation gives you some sense of the scale of the effort that is going on to battle the crews fire it will get back for day three. We have 5400 acres burned and 20 cod ructure destroyed. One structure was damaged and 30 structures ar
And allowing the government to negotiate medication Prescription Drug prices. And for residents and homers to stay in their homes during the pandemic. Live coverage of the house. The speaker pro tempore the house will be in order. The prayer will be offered by father conroy. Chaplain conroy let us pray. God, thank you for giving us another day. Those who omfort suffer from coronavirus. Healing. Bless and comfort those who mourn the loss of loved ones in wake of covid19. Psalmist, we turn to you. Have mercy upon us, o god, for treated harshly. Harshly all t us the day. Attackers. Re our almost high when we are afraid place our trust. We praise the word of god. Not fear. N god and do all the day our enemies foil our plans. Their every thought is of evil against us. Lie in wait for our lives. Our threats are many, o god. Unrest in Police Reform, aggressive russian and policies, a struggling economy. Our time of need. Bless the peoples house and may that is done be for your amen. R honor a
Locally first. Im not saying domestic. Im saying within 100 miles of your home or 200 miles you can drive there so you feel good, in your car, its safe gradually people will become used to it and spread out. 9 11, i had friends who said after 9 11, i will never get on a plane ever again, im never doing it and six months later, okay, im going to try it. Okay wasnt so bad. Thats whats going to happen. People will feel gradually safer and safer. That seems to be the case we appreciate your time. Glenn fogel, ceo of bookings holdings. Thank you very much. Carl, back to you. Tanks for bringing that to us seema moody. Good morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt coming to you live from various location were trying to hold 24,200. Where we get 20. 5 million jobs lost in the month of april joining us to talk about that and more is art cashin of ubs and our own bob pisani art, great to have you back. Happy friday. Thank you great to be with you so