Today. With the dow jones average skyrocketing 530 points, s p 1. 32, nasdaq 1. 72, one point before more saber rattling with china. All sorts of beaten down stocks, though, were higher. While the covid19 winners, well, they got slammed theres just one tiny problem with this action we dont actually have a vaccine. Does that mean the stock market is getting ahead of itself lets unpack the issue first this rally is based not just on hopes of a vaccine but a firm belief that the whole virus problem isnt nearly as dire as we thought a lot of people feel it has been blown out of proportion by the media, and the president s right, the people feel the president s right when he says we should open up everything betting on a vaccine makes sense. Since the beginning of the pandemic they warned us a vaccine would take a long time the fastest was the mumps which took four years. Every day were bombarded about another attempt to end this nightmare. Today we heard merck is working on a Magic Technol
Washington journal program. Go through our social media feed. Cspan, created by americas Cable Television companies as a Public Service and brought to you today by your television provider. Cherry treasury secretary Stephen Mnuchin and carranza testified on the implementation of the cares act corona virus relief law. The Small Business Committee Members asked about the rollout and the effectiveness of the Paycheck Protection Program referred to as ppp. [inaudible] todays hearing on this committee on Small Business and entrepreneurship will come to order and i want to thank everyone for joining us here today and welcome both secretary mnuchin and administrator carranza. Thank you for being here so far away and all the members for being here today. This is our first opportunity to hear from both of you about the enactment of the cares act as it applies to Small Business. The cares act as landmark legislation and less than two Weeks Congress passed the largest Economic Relief ka package i
Can devise the best programs to improve social warfare of the citizens of new york. She is an adjunct professor of tech Media Communications of Columbia University and she spent a couple of decades studying the issues extremely intensively as a student and then as a member of the staff at the un mission, the state department and also so clear from this book, i really admire a quick round of applause. [applause] ill just jump right in. This book is about what you call net states, maybe you can start by taking a minute and telling us what they are and what you felt like we needed a category four them. Thank you also much for coming, its wonderful to see you all here. The best way to describe what med states are is to talk about how i came upon to write this in the first place. Back in 2013 there were a number of tears attacks across. It killed over 130 people and it was found after the fact that they were carried on to organize in social media. Social Media Companies got involved with wo
Sister communities to be doing the same kinds of work and we know that they are. We talk with them twice a week and we know that hotels are a part of the plan for all of the surrounding areas. And so, if youre experiencing unsheltered homelessness in San Francisco and youre not from here or known to our system of care, you are not going to be able to move in quickly to a hotel room in San Francisco. Thats part of the honest city thahonesty thati need to provid. Its not that we dont want to help you. It will take a tremendous amount of time and we need you to return to your Home Communities and get the resources there. So we will be placing people in our system who are known to our system who are vulnerable. To the specific question around gegeography. Are they in our system and have San Francisco roots and where are they located . This is similar and we know where people are experiencing homelessness and know where its increasing. Its increasing in the bayview, and increasing in the te
Officials tell the Senate Banking committee about the overall state of the financial industry, including the effect of coronavirus made bills passed by congress, and the Federal Reserves Small Business loan program. Please click the mute button. Remind senators that the fiveminute clap still applies. I expect most senators will participate today so we really need to stick to that fiveminute timeframe because we have a vote coming up at noon so i will be tapping the gavel to remind you to wrap it up and to the witnesses i ask you, even though you are asked a question at the end of the five minutes, please Pay Attention to the clock and make those answers after the time has run out prompt and efficient. Seconds i will do a tap on the gavel. The speaking order process, senator brown and i have agreed to go by seniority for this first hybrid hearing. With that, let me start out. Our federale all of predental regulators, the Federal Reserve vice chairman of supervision randal quarles,the co