Right here. I think were all pretty familiar with this new virtual setting. But because this is our First Virtual hearing of this subcommittee, i want to take a moment to provide members with a few reminders before we begin. We will proceed in the same fashion as this committee always has. We will begin with Opening Statements by the chair and Ranking Member. Followed by testimony from our witnesses and an opportunity for every member to inquire for five minutes. We will dispense with our practice of observing the gibbons rule and instead go in in order of seniority for questioning, alternating between minority and majority members. Members are advised that the clerk may mute those who are not speaking in order to limit background noise and feedback. All members are responsible for unmuting themselves. When they are recognized for their five minutes or when they otherwise seek recognition. I want to thank you all for your patience as we navigate this new technology. In order to continu
Some places are reporting record single day increases lets kick things off with meg terre terrell. Were seeing a couple days worth of data with record cases. If you look at the United States in total, now the sevenday average of new cases is starting to tick higher again meaning trends to the south and west of increasing cases are starting to overcome the positive trends coming down in the northeast as of yesterday, 27,000 new cases were reported across the United States United States. If you look at individual case, weve been getting the new case counts for today for states like arizona now up to an additional 3200 cases today california reporting 4300 additional cases today but that could be due to Testing Backlog from l. A. County we saw in the numbers yesterday. Florida also reporting record high cases today 3800 South Carolina another one of those states reporting record highs. Now in terms of the hot spots in the country, the areas with the fastest case doubling times, it is clos
Dire warning. If you think we have it under control we dont. Dr. Anthony fauci with stark testimony if States Reopen too soon and the potential economic consequences of a second wave. There is a real risk that you will trigger an outbreak that you may not be able to control. The nations top Infectious Disease expert also raises the alarm about kids and coronavirus as schools debate whether and when to reopen. At least 13 states now reporting cases of that rare inflammatory syndrome linked to covid19. The key to reopening. A reality check on testing. There is a lot of misinformation and misinterpretation and thats a diabolical combination. City md mistakenly telling 15,000 patients their Antibody Test results meant they had immunity. Supermarket sticker shock. The biggest onemonth price jump for your groceries in almost 50 years. What is behind t this morning the expert tips on how you can still save money. Dada is awake. Yay and the road to recovery. First on gma, broadway star nick co
The p. M. I. Well dive deep into this in a bit. Look at the boards. The dollar still holds on to the retreat. That is helping some asian currencies out there. Ere holding on 706. We were near the 100day moving average. Were siegristance now that the dollar seems to be hovering around the twoweek lows despite the fact but were seeing the dollaryen pretty much at 168 but seeing at least six days of gains so far for the japanese currency. Watching oil price. We see it climbs once again. You are seeing w. T. I. Futures. 4 higher for brent crude. Gold snapped out of four dives declines. It is largely unchanged. Hovering around 62 basis points now. We have the First Official gauge for chinas economy in april. Weakened again. Investors are waiting to see what steps the pboc may take to bolster the economy. Our guest from citigroup joins us this morning. What is your assessment of the p. M. I. Data that we got. Nonmanufacturing. Manufacturing below the forecast. Still in expansion territory. A
Attention to the virus to aid in war against the pandemic, live tomorrow morning for special interview you dont want to miss. Do stay with us for that. This morning pointing to higher opening. Take a look at future, up better 250 points on dow industrials, s p is up 29 and nasdaq higher by 116 this morning, this after the dow, nasdaq, s p ended down last week. As you can see better in the dow and s p. Google parent alphabet, microsoft, facebook, amazon, Technology Names reporting earnings this week and at the end exxon reporting numbers. Holding china responsible. Senator tom cotton telling me the coronavirus escaping its borders was a deliberate attack by the chinese and calling for action against the Chinese Communist party. Plus questions rolling with the health of north Korean Leader kim jong un as he remains unseen. Mornings with maria begins right now. Global markets this morning are rallying, take a look at europe indices, ftse 100 up 95 points, cac quarante in paris is up 86 an