Immigrants, or they can override state voting laws or let violent felons out of prison, things that have nothing to do with the coronavirus. Those are the two most important things we could do to help those who are still struggling with this virus get back to work until vaccines are approved and widely distributed. What will not help, what will not help, will is not designed to help was the 133 programs that have been so much of the point of discussion today. The 133 facilities have achieved their purpose. The reason we wrote it and members of this Committee Help drafted it was to fundamentally that the credit slowed to fundamentally credit where the businesses. It was not to subsidize failing businesses that were not going to be able to succeed before china unleashed this plague on the world. It wasnt to bailout fiscally irresponsible, mostly democratically led states and cities who mismanaged their finances for years or even decades. It was to stabilize credit markets. And i have to
Investors are shrugging that off as stocks look to rally at the open. One name that may not rally is zoom. Shares of zoom are sinking yeah, in the premarket, work from home stock taking a hit from a rising free user base and increasing cloud costs and we have vaccine optimism, moderna and pfizer filing for emergency use and Vice President pence says vaccine rollout expected to begin in two weeks carl all right jim, i guess the question of the morning is whether that rotation, that worked historically well in the month of november, still applies. I think were running out of gas in terms of the oil and gas and focusing on exxon. Stock may not go down, giving the dividend, it says, look, were at wits end and the big Exploration Development period for exxon, market leader, u. S. Leader, is i think now over. We are following were following europe and japan and i think that we forget that you come in today, and you look for all sorts of reasons why were up and up strongly except we dont look
Would have a disadvantage in putting together a covid19 plan unless there was a proper transition process with the trump administration. Look, thanks for doing this and for being willing to share what youre going through, because i want to know firsthand. I dont want to know about reading about it in the press. This crisis has shown the nation we couldnt survive without now. I mean that sincerely. You have always been essential, even if most of america hasnt learned that term until recently. Youve been protecting our communities for months and being called on once again as the virus surges across the nation. In each of your areas, i think its basically doubled. Its not enough to praise you. We have to protect you and pay you. You deserve leadership that listens to you and works hard for you, because you are in your own communities, you know the people youre caring for. So i want to hear from you today, whats on your mind, what you think is needed most, what i can do as your president t
It could take away protections for more than 100 and people with preexisting conditions. And hurt the millions of americans who have come to rely on the Affordable Care act, getting rid of the Affordable Care act will take us backwards. To a time when people could charge a woman more for her health care than they could charge a man simply because she is a woman. To a time when pregnancy could be considered a preexisting condition. It will take away free Birth Control and contraceptive coverage for women. This is all happening at a moment when our country is suffering to a pandemic that has claimed more than 238,000 lives. And we all know that if the Affordable Care act is struck down, communities of color would be hit particularly hard. Asians, hispanics, native americans. They are at a greater risk of preexisting conditions. They are three times as likely to contract covid19 and twice as likely to die as others. I know we all know that we had election whered health care was very much
Board of governors of the Federal Reserve system. We will receive testimony from the secretary of the treasury and the chairman of the Federal Reserve as required under title four of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. Fundingportion of this is authorized under title iv of the cares act which provides resources to loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and support of eligible businesses, municipalities, and tribes. Title iv of the cares act anvided 454 billion as infusion into the Exchange Stabilization fund to support the Federal Reserves emergency lending facilities that facilitate liquidity in the marketplace and support eligible businesses, states, governments, and tribes. This unique authority known as 13 three authority is authorized under section 13 of the Federal Reserve a