Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
Consumer in this covid economy and a ventilator boost from medtronic, but sales for other medical devices remain lower medtronics ceo will join us exclusively later this hour. Carl, jims shaking his head already. I dont know speculative market ive ever seen i was going to say, jim, i mean, what a confluence of headlines and then to layer on what you were talking about with becky, this seemingly endless generational bid for stocks in general. You know, look at these plug power did a deal last week, 38 million shares of 22. 25, norwegian did a deal of 40 million shares at 20. 80, carnival did a huge deal at 17. 59, up huge on that, American Airlines did a deal, huge amount of stock, and about price that is a dollar below where this it is trading. Ive never seen anything like it where are the profit takers . Where are they i dont know. This is listen, we have been talking about this new cohort in the market, theyre for real, man. They are real it is not just ev stocks that are ev Companie
To declarer can rise a recess of the subcommittee at any time. Without objection members of the full committee not on the subcommittee are authorized participate in todays hearing. Members are reminded to keep their video function on at all times, even when they are not recognized by the chair. Thatrs are also reminded they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying House Resolution 965, we will only mute members and witnesses as appropriate. When not recognized for to avoid inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the desk decorum applied to this remote hearing. This hearing is entitled insuring against a pandemic challenges and solutions for , policyholders and insurers. I now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Millio
From the bay areas local news station. Watching kron 4 news. The storm door is open. Heres some video of rain we saw moving in this morning and more rain is on the way overnight. A soaker coming for our sunday, thank you so much for joining us here on kron 4 news at 9 im Justine Waldman im Jonathan Mccall the weather watches where we start is been a dry start to the wet season. But another round of wet weather is expected to flood the area overnight. Kron 4 meteorologist Mabrisa Rodriguez is here now tracking huge storm or tracking the storm hour by hour on when we can finally expect to see it. Hi there jonathan and just stay and were certainly getting spoiled this weekend in the bay area we had a relatively slow start to the wet season of Mother Nature getting us a double dose of 2 storms this storm though is going to have a cold or core to it coming from the gulf of alaska, so its going to bring us some much needed steadier rain to start your sunday morning right dry outlook, but we
Whats happening is a covid spec. Cases in the state of california have doubled just in the last 10 days. This is simply the fastest increase california has seen since the beginning of this pandemic. As a result, contra costa is one of 60 counties now in the most respect to purple tear. Joining napa, santa clara, and so dominant counties. Only San Francisco, san mateo, and marin counties are one step above in the right ear. Even so, Indoor Dining is also coming to a halt. Health officials say, the spike is occurring even before the holidays or the heart of the flu season. Thanks giving hasnt occurred yet. The weather just started getting cold. We havent seen anything yet. The fact that we already see surges in cases before all of this that events is particularly concerning. It seems restaurants and bars are getting the blood to the plane for whats happening. People sit at tables even if outside are pretty close to folks who the are not with all the time with the masks down. Those are th