Let me take just a moment to talk about what we are attempting to do here in the senate. Exaggeration and hyperbole is the order of the day. Say always reluctant to this truly could be one of the most important things we as members of this committee do. What the world is experiencing today, what the United States is facing today, is one of the most significant challenges that a lot of us will face in our lifetime. The bad news, the really bad possibleit is entirely that it will happen again, and i say this because the experts virus thatt this made the leap from one species can very easily happen again. There are 2000 of these viruses out there. Dohave no idea what they can if they get into a human being. Us they haves tell identified within their ranks about 2000 different viruses. Having said that, we need to want toward, and i stress what i am trying to do with this and what all of us are trying to do, look forward. There are a lot of hearings going on. Theres a lot of hyperbole goin
Add that to concerns over the virus caseload and youve got this. The dow industrials, down 700 yesterday, down maybe another 200 this morning. The s p down 80 yesterday, down another 20 today. The nasdaq yesterday, down 200 points. Today, down about 13 points. A sea of red ink over there. A big loss especially for the dow. 1. 48 million new jobless claims this past week. Now, thats not a good number and it pushed stock prices just a little lower when that news was released at 8 30 eastern. Now, today, President Trump heads to wisconsin. Good timing. The democrat governor there has just called out the National Guard. A protester wielding a baseball bat and bullhorn harangued a restaurant crowd. He was arrested. Molotov cocktails were thrown, the Police Needed help. Governor evers sees the light and calls in the National Guard. Same thing in washington, d. C. Hundreds of National Guard troops now marshaling. They will protect the capitals monuments. Thursday, june 25, 2020. Varney compan
[murmuring] the committee will be in order, we will now proceed with questions. I will begin by recognizing myself or five minutes. On may 25, in the twilight of memorial day, Derek Chauvin of the Minneapolis Police held a need to george mr. Floydonless neck, pleaded for release, repeating the words i cant breathe. Mr. Floyd, i am sure you have seen the video. Can you think of any reason why officer chauvin would need to hold his knee on your brothers for over eight minutes . I dont know why he did it, but personally i think it was personal. They worked at the same place. For him to do Something Like that, it had to be premeditated and he wanted to do it. Intentional. Yes sir. We have learned since then that he has faced 17 misconduct complaints during his career. He was named in the brutality lawsuit, he shot and critically wounded a man after a brief and nonviolent confrontation. How do you feel about the history what do you know what do you feel about the history of misconduct . He
Mr. Secretary, thank you for joining us this morning. I want to get right to the news. 2. 4 million new jobless claims of unemployment this morning, several Senate Republican said yesterday they want to see some action now on the next relief package. Is another package necessary and if so, when. Well, let me comment first of all, im very sympathetic to the people who are not working at no fault of their own because we close down the economy and as we slowly reopen the economy in a safe way we will get people back to work. In the current cares package there is several parts of it that are designed to help those American Workers. One is the ppp and getting people back to work through that process. The other is the Economic Impact payments which are the direct payments and finally be enhanced on employment insurance. We do need to fix where in certain cases we are paying more than they made so we need to fix that. We will carefully review the next few weeks and i think there is a strong l
People who are not working at no fault of their own because we close down the economy and as we slowly reopen the economy in a safe way we will get people back to work. In the current cares package there is several parts of it that are designed to help those American Workers. One is the ppp and getting people back to work through that process. The other is the Economic Impact payments which are the direct payments and finally be enhanced on employment insurance. We do need to fix where in certain cases we are paying more than they made so we need to fix that. We will carefully review the next few weeks and i think there is a strong likelihood we will need another bill but we just have three chilean dollars we are pumping into the economy and will step back for a few weeks and think clearly how we need to spend more money and if we need to do that. As you know, mr. Secretary, the house passed a 3 trilliondollar bill that is strongly opposed by the administration and Congressional Republ