Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
F0 now at 4 30 looking live from our exclusive Sales Force Tower camera and we are looking west it is wednesday, october 2nd, im michelle griego. Im kenny choi. Its just past 4 30 right now. Great time to get your forecast, here is mary lee. Once again our temps are in the 50s and the 40s this morning in some spots down to the upper east. Concord at 49. Oakland 45. 49 san jose and had 42 for santa rosa. For today temperatures will be a little bit warmer compared to yesterday. But still below average for this time of year, in San Francisco forecasting a high in the upper 60s for oakland, low 70s, mid70s for san jose as well as for concord, running about 2 to 6 dees below average for this time of year. I will let you know what you can expect when temperatures will rise to above average in the extended forecast coming up. Lets check in with traffic. Good morning, lets get you rolling on the freeways right now. If you plan on taking bay area bridges so far so good. Bay bridge you can see t
Here today we did get a good look at the timeline and what has led us to this point. The head of delawares Correctional Officers unions said Sergeant Floyd may have saved his fellow officers lives. He was in a closet when the lieutenants came in the door. He told the lieutenants to leave the building, after what happened then, we have no idea. Reporter after the inmates took over the hostage standoff dragged on for hours, over time two officers were released. Were told negotiators became increasingly concerned about Sergeant Floyds well being. Hey, hows floyd doing . Reporter a large portion of the back and forth was broadcasted online. They demanded more Educational Opportunities and insisting they get to talk to the governor. Let us talk to floyd and that will be one plus if you. Reporter around 5 00 this Morning Police decided it was time to move in. Tactical teams got the female counselor to safety but they found floyd unresponsive. Its not clear when he had been killed or how. Off