Of ther the nomination ambassador to be the secretary of the navy. And Charles Brown to be chief of staff of the air force. And dr. Anderson to be deputy undersecretary of defense. We thank you all for being here. Appreciate the contributions you have made. All three of you have impressive careers and we appreciate the fact that you are coming back again. Things arese necessary. I have to ask you the required questions. I would like an audible yes or no on each question. Have you adhered to the laws and wrecked lesions governing thelations governing nation . Yes. Will you comply with requests for communication . Yes. Will you cooperate in providing witnesses in response to congressional requests . Yes. Will those witnesses be protected from reprisal for their testimony . Yes. Do you agree if confirmed to give honest testimony to this committee . Yes. Do you agree to provide documents including email in a timely manner when requested, or consult with the Committee Regarding any basis fo
Staff, and deputy secretary of defense. Our hearing will come to order. The Committee Meets today to of ther the nomination ambassador to be the secretary of the navy. And Charles Brown to be chief of staff of the air force. And dr. Anderson to be deputy undersecretary of defense. We thank you all for being here. Appreciate the contributions you have made. All three of you have impressive careers and we appreciate the fact that you are coming back again. Things arese necessary. I have to ask you the required questions. I would like an audible yes or no on each question. Have you adhered to the laws and wrecked lesions governing thelations governing nation . Yes. Will you comply with requests for communication . Yes. Will you cooperate in providing witnesses in response to congressional requests . Yes. Will those witnesses be protected from reprisal for their testimony . Yes. Do you agree if confirmed to give honest testimony to this committee . Yes. Do you agree to provide documents in
The cash trade is an hour away. Lets get your top headlines for you off of the bloomberg terminal. Operation work speed. President is organizing a Manhattan Project file effort to fasttrack a coronavirus machine. Big pharma will work with washington and the military to develop it by years end. Lasting damage. Jerome powell voices concerns about the longterm fallout from the outbreak. Attention turns today to Christine Lagarde as economists expect the eurozone economy to pump the most since the Second World War. Grenada cuts. Norway joins opec in slashing oil output. We will see shortly what the ceo , after exxon mobil throws its dividend for the first time in 13 years. Just under an hour away now from the start of cash equity trading across europe. Lets take a look at futures here. We have gains on the euro stock. In bluechip benchmark index europe of almost 1 . Dax futures are up more than 1 this morning as ftse futures rise about three quarters of 1 . Anna . 6 anna lets talk about br
At when it came to adding subscribers but terrible in terms of revenue this quarter, down about 25 . A dismal day in the euro zone. These are the kind of numbers that should frighten markets. I think the ecb is doing the damage in europe, disappointing some people. The stoxx 600 is near session lows. We will get to that and i moment. Banks are down 3. 5 and maybe a little bit more. The eurodollar is down. Month, u. S. D of the stocks have had an absolutely cracking month. In europe,by 13 and nothing like that except for the dax which is up by around 10 . To the auto sector has come back. Vonnie lets get to where first guest because we want to go through some of the reasons why asset prices are at these levels. We had more out of the ecb earlier and we are joined by michael mckee. Michael, is the central bank keeping asset prices at this level the reason why we are bouncing so hard in the s p 500 . Michael its hard to tell. Many people are saying that. Newfed Just Announced a Loan Facil
Jerome powell talks of heartbreaking harm from the coronavirus and says the pandemic has brought the u. S. To an abrupt halt. We are seeing optimism with asian stocks really prized to follow the leader when it comes to gains on wall street overnight. The s p 500 gaining 2. 5 percent, touching a sevenweek high as we have the dual optimism over expected track to a vaccine with the socalled operation work speed from the Trump Administration. More encouraging news about efficacy on a Gilead Sciences therapeutic as well. We are taking a look at gains resuming in new zealand. Japanese futures pointed up after yesterdays public holiday. U. S. Futures also showing an extension of those public gains. On seeing futures looking positive as well. Korea closed today and hong kong markets closed for the birthday holiday. Taking a look at oil because we are seeing a second day of gains for wti up, the 22 plus gain in the overnight session. We are seeing opening up here higher by over 6 in asia. This