Bill providing an additional 3 trillion in coronavirus economic stimulus. We expect to see that bill on the floor tomorrow. Also to discuss promoting voting and Committee Work. And now back to the start of todays hearing, this is cspan3. [inaudible conversations] the rules committee will come to order. Before i give my Opening Statement i just want to read a guidance from the attending physician, doctor monahan. We asked him specifically about the use of face coverings during proceedings like these and while he has not mandated their use he did share that and i quote, my preferences that members retain their face coverings when speaking as an activity which can release virus particles. Especially if the speaking is of a highspirited nature. S ive never had a meeting in the rules committee that hasnt been of a highspirited nature so we will leave it up to individual members to decide but i think to be cautious here i will keep mine on and i hope that everybody else will be mindful of th
Okay, the rules committee will come to order. Before i give my opening statement, i just want to read a guidance from the attending physician. And we asked him specifically about the use of face coverings during proceedings like these. And while he is not mandated their use, he did share that, and i quote, my preference is that members retain their face covers when speaking as speaking is an activity which can release virus particles, especially if the speaking is of high spirited nature. And ive never had a meeting in the rules committee that hasnt been of a high spirited nature. So were going to leave it up to individual members to decide. But i think i will to be cautious here, im going to keep mine on. Others will be mindful of the reason why there is guidance on this issue. It has been roughly three months since the First Community transmission of covid19 was discovered in the United States. Since that time, our world has changed dramatically. There are now more than 1. 3 million
Brown, pete nigerian on the phone, erin browne. First, lets check out the markets to see where we stand this hour as the busiest week of earnings season starts to ramp up the dow up just 28 points. Nearly 400 point gains the s p just marginally to the downside the nasdaq up nearly one full percent at this point. 8657 there a key focus for many traders up about 1. 25 at this stage its great to see you i guess i would start by saying the s p 500 is now down 11 year to date. The recovery has not been anywhere near as robust for the median stock as it has been for the gigantic stock in week is what i call the playoffs of earning season the most important stocks to the overall direction of the s p or reporting. You know the names microsoft, facebook, google, et cetera those are really the stocks that i think matter most directionally. This could be a very interesting week its not all bad yesterday was a massive day. Thats what youd want to see. It happened. The iwm had a 4 3rs day. Not much
Much to talk about here, but part of it is the market reaction. Rollovernd then a year. Taylor im thinking 10 Million Barrels a day is not enough. We increasingly hear calls for 20 and 30. The drop in oil prices is also affecting the credit markets as you take a look at that downgrade cycle that is underway. 200 billionking at dollars of bonds that are set to lose their Investment Grade rating. Looking at some of the biggest down rates cycle underway. Oil andcourse, into the permanent base, it will be challenging. In this hour, Michael Mckee and i will speak with richard clear. Im going to take a broader view, and i know Michael Mckee, which he does at the press conferences, will ask press conference like questions. With first word news, here is verve viviana hurtado. A now, the focus shifts to other the cut will be enough to shrink the massive glut of oil. Johnson, he thinks the National Health service for saving his life after a week in the hospital for the coronavirus. P. M. Johnson
Public Health Director grant colfax as well as the police chief bill scott, department of Human Resources director trent rohr. Currenttor odirector of emergeny management. We will help guide you through this unique challenge. I want to thank the workers who are in the hospitals working with people every day, healthcare workers, nurses, doctors, support staff showing up every day. I have seen a outpouring of love and support from san franciscans who are social distancing outside and giving hand claps and love to our healthcare workers. We appreciate what you are doing every day to keep people safe. We also want to say thank you to First Responders, police and firefighters, bus drivers, Grocery Store clerks, so many people who are showing up to work to help provide help and support and assistance to others. What you are doing on the front lines means so much to us. We truly have a deep appreciation for your commitment to serving others during this pandemic. We all know that yesterday the