Microphones anytime you speak. During the any time hearing, the chairman the vice chairman of the committee, congressman kennedy will serve as chair until i am able to return. Beuments for the record can sent to Benjamin Tabor at the email address provided to staff. All documents will be entered into the record at the conclusion of the hearing. The chair will not recognize herself for an opening statement. Today the energy and Commerce Committee continues its oversight of the nations covid19 Pandemic Response. Examining the pursuit of a safe and effective covid19 vaccine that the American People can trust. In the eight months that we battled covid19, over 7 million americans have had the virus, and over 200,000 of them have lost their lives. Millions of the phase unemployment and have lost their Health Insurance, and families are still juggling childcare and virtual classrooms. The list of those most vulnerable to covid19s especially on the line as the virus continues to spread across
I have to mention the volume is very, very substantial. Some of the peripheral markets in italy trading down very, very sharply today. 5. 5 . Y tenyear is catching a bit with 48. Daxie, let me show you the over here. A lot of people were short long. We are getting a squeeze when it comes to the b stocks. 73 74 move of stocks. A huge gap higher. Vonnie . Vonnie coronavirus concerns battling Global Markets at this hour. Italy is at the epicenter in europe, reporting a seventh death at 219 are now confirmed positive for coronavirus. Infections spiking in south korea and iran. Cases reported in afghanistan, kuwait and the total number of cases in china now up over 80,000 and the death toll topping 2600. Markets are adjusting. We are joined by Tracie Mcmillion from wells fargo. Joining us from charlotte, north carolina. What do you do in this environment were all major off in s p 500, off in s p and and stocks a lower. Do you do this is a buying opportunity . Good morning, bonnie doheny tha
Julian welcome back to the Cato Institute for the 2019 cato surveillance conference. I remain senior fellow julian sanchez. Thank you to those present and those watching at home for joining us. As i mentioned at the start of the conference, we focused on issues of surveillance oversight at this years conference. This morning, you heard about an array of institutions that work to oversee the secret you seven the secret use of intelligence collection ranging from the fisa court to the inspectors general to the Government Accountability office to the Intelligence Committee of congress and one of the newer and in many ways most publicly useful entities overseeing the Intelligence Community is the privacy and Civil Liberties oversight, which has produced a number of valuable reports that have given us unique insight into some of the programs that were discussed earlier, like section 215, the authority used for the phone records collection. What im sure will be a fascinating discussion, i wi
Work of institutions that to oversee the secret you seven telogens collection ranging from the fisa court to the inspectors general to the Government Accountability office to the Intelligence Committee of congress and one of the newer and in many ways most publicly useful entities overseeing the Intelligence Community is the privacy and Civil Liberties has produced ah number of valuable reports that have given us unique insight into some of the programs that were discussed earlier, like section 215, the authority used for the phone records collection. Will be aure fascinating discussion, i will pass off to our accomplished. Oderator you, julian, and thank you all for being here and to those watching online. It is an honor and a pleasure to be a part of the conversation with the members. We have three of the five members with us today. Two had conflicts and were not able to attend. Am going to basically do something nontraditional and allow them to introduce themselves. Ive seen this do
Official think lowering to a negative rate will not provoke a backlash. Attention on the trade war. The deficit seen widening last month. Lets get a quick check of asian futures right now. In japan we got the nikkei futures pointing modestly higher. A similar story and south korea. While here in australia we have got futures pointing higher. New zealand been trading for an hour now. Not a great deal of action to report. Paul shery ahn u. S. Futures not doing much of the moment. After stocks drifted throughout the session, and then we had a slight uptick for the s p 500 to gain. 3 . We have consumer shares rounding and Energy Stocks were some of the big losers. Losing a lot of ground after that huge surge we saw a 15 for crude monday and continuing to fall below 60 a barrel. We also have banks underperforming. Ahead of thatll fed Rate Decision on. Wednesday ahead of that, we are now seeing the money markets and turmoil. Take a look at this chart on the bloomberg. We saw the rates surge