This is boom bust the one business show you cant afford to miss branch of war in washington coming up markets in the United States and around the world continue to slump as global kovan 1000 cases are surging straight ahead as we bring you up to speed on the scary week for equities and where we stand with the global cases and this comes as the eurozone has reported a bump in Economic Activity but the spike in cases could threaten that growth later on we dig into the numbers and what toll new lock downs could have with a packed show today so lets add right in. And we leave the program with Global Markets as concern over the latest wave of covert 19 related lock downs in europe and the upcoming president ial election in the United States are creating an uptick in volatility this weeks selloff was one of the worst since march when coronavirus fears set in throughout the globe so lets go ahead and take a look and see where markets ended up on the week starting in russia the mo x. Is down f
With china while his father was a sitting Vice President. This as big tech remains under fire for blocking user access to this story. Coming up to discuss, steve bannon is here, georgia congressman doug collins and parler founder and ceo john mace joining us coming up. Were standing by for he retail sales this morning, ahead of the numbers, markets are mixed. Dow down 19, nasdaq up 15 and s p 500 right now down about three quarters of 1 point. Markets yesterday finished in the red, off of session lows by the end of trading, dow industrials gave up 19 points, nasdaq was down 54, s p lower by 5 points yesterday at 4 00 on wall street. The state of real estate, who is leading the push to flee big cities like new york to make a home in the suburbs . Plus flying right into your fridge, one airline is selling sky high meals in stores. Its making a buzz this morning. Mornings with maria is live right now. European markets are higher, take a look, the fq100 is up 41, cac is up 55, and the dax
Small Business Committee meet for a hearing on preventing fraud and abuse in the Paycheck Protection Program. Before we begin id like to take this opportunity to note some important requirements. Let me begin by saying that standing house and Committee Rules and practice will continue to apply during hybrid proceedings. All members are reminded that theyre expected to adhere to these standing rules including decorum. During the covered period designated by the speaker the committee will operate in accordance with House Resolution 965 and the subsequent guidance from the rules committee in a manner that respects the rights of all members to participate. Please keep your cameras on. Also please remember to remain muted until you are recognized to minimize background noise. If you must participate in another proceeding, please exit this one and log back in later. In the event a member encounters technical issues that prevent from being recognized for their question i will move to the next
Max, treasury secretary Steven Mnuchin and Federal Reserve chair Jerome Powell on the impact of the coronavirus on the economy. This is two and half hours. This hearing will come to order. Todays hearing is a hybrid format and the hearing room has been configured to maintain the recommended sixfoot social distancing between senators, witnesses witnesses and otheren individuals in the room necessary to operate the hearing which we have kept to a minimum. For those joining remotely a few videoconferencing reminders. Once you start speaking there will be a slight delay before you are displayed on the screen. To minimize background noise please click the mute button until it is your turn to speak or ask questions. If there is a Technology Issue we will move to the next senator until it is resolved. I again remind all senators and our witnesses that the fiveminute clocks still apply and you should, those remote, stall, box on your screen labeled clock that will show how much time is remaini
That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobility those are things that hold back our economy. They are the thing is we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get a