Chairman Jerome Powell will update the committee on Monetary Policy develop and the state of the u. S. Economy. It has always been four months since the last Humphrey Hawkins hearing, but we are seeing a different economy today. One that has been racked by the physical and Economic Impact of the covid19 pandemic, and ensuing shutdowns. Chairman powell, you have stated that the Federal Reserve is strongly committed to using our tools to do whatever we can and for as long as it takes, to provide relief and instability to ensure that the recovery is as strong as possible. Additionally, the fed has purchased more than 2 trillion in treasury and mortgage began ins since midmarch. Because of this, the Balance Sheet has expanded to more than 7 trillion. Congress, the administration, and regulatory agencies have taken action to protect and stabilize the infrastructure of our Economic System. The cares act has been central to that effort, and recent stats indicate that our labors are working. I
Tonight at eight eastern on the communicators on cspan2. Standard john cotton one members of the bridge about buying g5 equipment from the Chinese Company while way. The arkansas republican join former House Intelligence Committee chair mike rogers and retired Brigadier General Robert Spaulding who predecease her on the National Security council under the trump administration. They answered questions from the British Defense subcommittee on china for about two hours. Order, order. Welcome to this Defense Select Committee hearing to consider the International Response to the uk government decision to allow while we to continue to operate its 5g network and implications of the gibbous decision for information sharing across the alliance. Also to discuss International Ambitions and the role of 5g technology and within this specifically look at Cyber Attacks and the distal silk road. Our session date is divided into two parts and id like to welcome senator tom cotton joining us for part on
Order today overhauling policing in america. Coming up at 8 00 a. M. Eastern, former Senior Adviser to president obama valley Valerie Jared is here and joe biden narrows down his pick for Vice President. Concerns over coronavirus spiking, cases in the United States surpassing 2. 1 million. Now more than 116,000 people have died and the death toll is expected to top 200,000 by october. At 8 30 a. M. Eastern this morning we will get another look the impact is having on economy for the month of may. We will get the numbers to you as soon as they hit the tape and check out the markets impact. Growing tensions between north and south korea, north korea blowing up an interkorea Liaison Office near the border. Mornings with maria is live right now. Maria and stimulus from the Federal Reserve sparking a rally across the globe this morning. European indices high err cross the board. The cac quarante in paris is up 104. In asia overnight markets soared on the hails of comeback and the bank of ja
Hitting an alltime high yesterday continues the momentum up another 37 points on futures this morning on nasdaq. Meanwhile investigating the origins of the russia probe as you could see the nasdaq is alltime high yesterday and general attorney general bill barr saying hes trouble of what has been called to his attention so far. We are waiting on criminal investigation by john durham and added that americans will be able to recognize some of the names under investigation as part of ongoing probe, we will have more on what the attorney general said today. The coronavirus pandemic, more businesses across america are opening but dr. Fauci is warning the nightmare is far from over. The World Health Organization is now walking back the claims that asymptomatic transmission is rare. Mornings with maria begins right now. European markets mixed, ftse 100 down 26 points, cac quarante down 21 rand dax germany lower. Bars, restaurants, hair dressers will remain close in july 1st in euro zone. In a
Its for. Beethoven just for health. And beethoven is for. Beethoven is for crayon. Beethoven 2200. 50th anniversary here on d. Dont know. Where are the 2000000000 euros german payments firms wire car now says that the missing revenue on its books may not exist the latest in a massive corporate scandal. New york reopens offices and restaurants can the big apple get back to business. And the pandemic is rattling businesses around the world but its the smallest firms that are being hit hardest well explain. This is your Business Report im Stephen Beard its good to have you with us 1900000000 euros thats the gaping hole in the Balance Sheet at german payments from wire card the blue chip listed firm now says the money probably doesnt exist a scandal has led to a frantic sell off of its stock in the past days as well as the resignation of the companys c. E. O. And the growing expectation of criminal charges. Once a rising star in the financial startup world why a card has fallen back down h