Accompanying regulations, members are required to leave the camera on the entire time they are in an official proceeding. Even if a step away from the camera. While roll call is unnecessary to establish a quorum and official proceedings conducted remotely, whenever there is an official proceeding with remote participation, the clerk will call the roll to make clear who is present at the start of the preceding. At this time i ask the clerk to call the roll. [roll call] [roll call] [roll call] [roll call] [roll call] [roll call] chairwoman, this concludes the roll call. Thank you very much. Pursuant to Committee Role 7c, Opening Statements are limited to the chair and the Ranking Member. This allows us to hear from our witnesses sooner and provides all members with adequate time to ask questions. I recognize myself do for the purpose of making and opening statement. Today, as we know were examining how the covid19 pandemic is straining our Higher Education system and discussing what Cong
Ratings to three additional firms that have significant business in particular sectors. It is three others who were also considered major. We understand that does leave some companies that do not have a rating. As we open these facilities, we are just in the process of opening, we are looking for an answer. An nisro and has not traditionally been used in this way. We are looking at options for what to do. I was like until you i wish i could tell you we had an answer. So you have not opened it yet but you have not foreclosed the possibility of finding a solution for this challenge. Powell we are still looking for a solution, yes. Any timeframe you can put on that . Powell we talked about it yesterday so we are working on it. Soon, i would say. Stress thatnt to there are dozens of companies with very strong Balance Sheets and employee tens of thousands of people across all of our states who for one reason or another choose not to go for a inlic Rating Agency but are many ways in the same
Employed workers can apply for benefits in many states. It looks like the actual peak in new unemployment claims may have occurred at the end of march and beginning of april. But that is cold comfort when you are still having millions of people applying every week. We will taking out to the governor with that News Conference this afternoon. My friend the governor of illinois, 21 out of the 24 largest student loan servicers in the state of california have agreed to a 90 day forbearance on Student Loan Debt impacting over 1. 1 million californians with loan debt. No burden now placed on them over the next 90 days. No impact to their credit rating, no late fees or fines and actual support in terms of getting new payment plans in place for future processing. I want to again congratulate jb on his leadership organizing this framework of profoundly important to student loan borrowers in the state of california. I want to applaud 21 of those 24 service loan providers or servicers for their wi
Ibm will be reporting results shortly. First quarter numbers will be crossing. Parsing through the relief to about they say anything the first quarter. Those people were focused, fixated on the oil market where the may contracts closed at a 37 per barrel. Romaine they will probably be fixated on that tomorrow as the contract has the final day of trading. A lot of folks i have spoken four days,he last when they expect to see a rebound. 27 from up about those march lows, still down about 20 from the highs in february. There is a lot of indication in these names, teledock. There are a lot of people coming that they think there is a bottom. Now it is just a matter of whether we get the Economic Data and corporate profit data to back some of that up. Fill with us, katerina simonetti. Thanks for staying with us. I want to get back into our conversation. When you start to map out the longterm outlook, for equities, other Asset Classes as well, do you think there is a case to be made here that
A slew of corporate earnings role in over the next few weeks. Ibm withdrawing its forecast. Have netflix for you tomorrow. Tech this morning buoying the markets. Is taylor riggs in new york, who has been following all of the back and forth. A wild day. Nasdaq up and down. Taylor firmly in the red on the closing bell. Nasdaq at one point in the green, then turning red solidly, off about 1 . What is going on in the oil markets. To goinute, i will try through some of the technicalities. It is the may contract up for expiration tomorrow. If you are a holder of the contract, tomorrow, you have to take delivery tomorrow. Thehad a massive selloff in may contract, at one point settling down at 37 per barrel as traders tried to unsettle may and roll that forward into the june and july contracts. A much better indicator of where oil is trading at the moment. A much better indicator but barrel. Ess 37 per it will be all about june and july going forward. Go tone contract could about demandl destr