Do we ask everyone to turn on their cameras . Were getting ready to get started. The hearing will come to order. I welcome everybody to this hybrid hearing. Both ranks member mr. Hysse and myself have wanted to have hearings resume in person especially when we are in session. I made a promise that i would fight for that, and today is the fruit of that effort. I believe when were in session protecting everybody, those who are not comfortable or physically cannot join us in the hearings room, are more than welcome to join us through web i no noor. We ask everybody when they were not speaking, to wear a mask. I really appreciate that cooperation of for members appears remotely. House rules require that we see you, so police have your cameras turned on at all times during the course of the hearing. If they can let us you can use the chat function to send a request. And if that doesnt work, you can unmute and seek recognition. These arent ideal circumstances, but we are in the midst of a pa
With that mean money printer go broke and of course they saw it the mean was powerful and that unleashed the crack and in big point it unleashed a crack in solver it unleashed a crack and in gold it unleashed the crack a number of the you know the. Receivers. Were just rubbish out of the. Blue. Print. What do you who who. Yes its free money and they economists quenching out that this could be something to be worried about d and it of course because why its so worrying is that its the psychology once the mind changes once the mind expects that this is the way things can be Going Forward that we dont need to work we dont need to go to labor and and spend 10 hours a day away from our family we could just sit home and speculate via you know various online trading apps and so that mindset is setting in and can we ever step back from that can we step back from this global m. M. T. Or is this the last days. Of you know we can step back from you know ben bernanke you could he said as chairman
Life imitates art has made it to the front cover of the economist magazine what we see is the economist saying free money when Government Spending news no limits of course the bitcoin and Gold Community saw it 1st by coming up with that mean money printer go broke and of course they saw it the mean was powerful and that unleashed the crack and in big point it unleashed a crack in and solver it unleashed a crack in in gold but only if the crack a number of the you know the. Rest. Were just rubbish. What do you who who. Yes its free money and the economists quenching out that this could be something to be worried about d and it of course because why its so worrying is that its the psychology once the mind changes once the mind expects that this is the way things can be Going Forward that we dont need to work we dont need to go to labor and and spend 10 hours a day away from our family we could just say home and speculate via you know various online trading apps and so that mindset is set
It is official. The pandemic has triggered the steepest Economic Contraction in history, but markets in this final hour dont look nearly as bad as they did when the number for gdp q2 came out earlier. Right now, the dow is down 193 points but the low had been a loss of more than 500 points. Yes, we saw that the covid had created a stunning collapse in growth but nowhere at the moment where we see the nasdaq up 56, thats where we see some real strength. But the reaction is most prevalent in safe haven government treasuries. To the tenyear yield which moves, by the way, inversely to the bonds price, diving into a hole. We are at. 55 for the tenyear yield, as worried investors decide it is risk off. All right. So President Trump is making comments right now at the headquarters of the American Red Cross in washington, d. C. Lets listen in for a moment. These therapies transfuse powerful antibodies from the blood of recovered patients to help treat those battling the current infection that
And john delaney for his support and also especially thank you for the distinguished leaders joining today in our alumni board members. Its my pleasure to introduce the people who will be leaving this incredible conversation. Sylvia Mathews Burwell is president of American University and the first woman to lead the institution. She previously served as the 22nd secretary of the u. S. Department of health and Human Services and also served as the director ofth the office of management and budget and shes also served as the president of Global Development program and chief operating officer at the bill and Melinda Gates foundation and president of the walmartrt foundation. Shshes joined today by gary con and chief economic adviser to president trump, the former president and chief operating officer Goldman Sachs and an alumni of the american i welcome you both. Im sure you are ready to start the conversation. Iem. Thank you for the introduction and leadership at this fine institute. Than