Budget process, deficits, debt, Health Care Costs, and oversight of coronavirus funding. Ill go ahead and call to order this budget meeting. Good afternoon and welcome. I want to take a few brief opening remarks and then ill turn it over. Then ill turn it over to Ranking Member sanders. We are here today to consider, to serve as the nest director of budget. To serve as the director since there were 20. Teen President Trump nominated him in march as the nations facing a unprecedented crisis, both health and economic from the covid crisis. The office of management and budget paint played a key part, in addition to building the president s annual budget we also to do financial, management grants management, information technology, program assessment, and Property Management just to name a few. Given the vast responsibility over the organization its important to have a senate director in place. Before we hear from the Deputy Director of want to discuss our response to the coronavirus pande
Good afternoon and welcome. I want to take a few brief opening remarks and then ill turn it over. Then ill turn it over to Ranking Member sanders. We are here today to consider, to serve as the nest director of budget. To serve as the director since there were 20. Teen President Trump nominated him in march as the nations facing a unprecedented crisis, both health and economic from the covid crisis. The office of management and budget paint played a key part, in addition to building the president s annual budget we also to do financial, management grants management, information technology, program assessment, and Property Management just to name a few. Given the vast responsibility over the organization its important to have a senate director in place. Before we hear from the Deputy Director of want to discuss our response to the coronavirus pandemic. Congress working with the president to provide needed relief for individuals and businesses and state and local government on a series o
Dataow the scientific indicated it was transmission from an original animal host, probably a horseshoe bat, by an intermediate host to human beings. That was the transmission early on of the coronavirus. We know the chinese commonest party covered up reporting in the early phases of the spread within china and a weight that caused tremendous subsequent damage in china and possibly around the world. China covered it up. We dont know what chinas numbers are now, but that kind of coverup was a characteristic governmental way to suppress bad news. The Chinese Government subsequently became more open and more responsible in coming down in china. His story of very complex causality that involves animal host, transmission because of chinese cultural practices and the bad practices of the Chinese Government, at least in the otherhases covers countries have also failed to cover it. Host it was said it was created in a lab in wuhan and let out. Guest evidence of that. Said, it wasirst the theory
Highyield credit another risk asset down for a second week in a row. A cautious tone. We have been in this big rally. Some might be nervous whether or not it lasts. We are coming to the close of a rough week, particularly for oil. What is going on with Energy Stocks . Abigail it is interesting because on the week energy is the only up sector, up 1. 1 , even though oil is down 33 . Connect bit of a dip some of the investors bottom fishing. When you look at the s p 500 on the week, it is a bad week. The worst week in about five weeks, down 2. 7 . Inflection points sometimes happen very slowly, but it will be important to see what next week brings. If we have another down week, that could suggest a whipsaw in emerging range. Next week we will get a look at earnings from Big Companies such as apple, alphabet, amazon, microsoft. It could be an important earnings week along with the macro we have been paying attention to. Investors seem a little bit cautious. David all of the tech guys. Than
Contributed to our understanding of the universe. Welcome to the Program Leaders from around the world have announced theyre teaming up to develop and deliver a Coronavirus Vaccine that will be accessible to all the program is being called a landmark collaboration work will start with a global pledging effort next month aimed at raising 8000000000. 00 the un and politicians all stressed the need to make vaccine widely available to everyone there was a notable absence though from the meeting of the United States which says it has no official involvement the w. H. O. Chief says its important all tools used for fighting the virus are available to everyone but the experience is stored as that even went to the side a veil a bill they had been not been equally available to all. We cannot allow that to happen today doubly sure is proud to be uniting with many partners to launch the axis 19 accelerator or the accelerator this is a landmark collaboration to accelerate the Development Production