Alex azar, 7 30 a. M. Eastern with war on coronavirus and potential vaccine and whats being done to curve spikes. Im joined by donald trump, jr. , we are talking a lot with him, dont mishis take of 2020 race, mailin ballots, ongoing protests and social media and a lot more. Final day of Second Quarter, we are wrapping up a quarter thats been the best in 20 years, markets mixed, dow industrials down 70 points, the nasdaq is up 6 points and s p down 5. For the the Second Quarter markets are up sharply with yesterdays gain 180 points. For the Second Quarter, the dow up 16 , nasdaq up 28 and the s p 500 higher by 18 . Their best quarter since 1998 on the dow and s p 500. Federal reserve chair jay powell says the path ahead for u. S. Economy is extraordinarily uncertain. Powell and secretary mnuchin will be testifying before House Financial Services committee today on Pandemic Response and Stimulus Fund landed. More Companies Joining the facebook ad boycott costing the social media giant bi
Jobs with dignity, selflessness, and honor. They are deserving of our respect and gratitude for all they do to keep us safe. But we must also acknowledge that there are too many exceptions. Too many Law Enforcement officers do not oppose the ethic of protecting and serving their community. Instead the reality for too many americans, especially for too many africanamericans, is that Police Officers are perceived as a threat to their liberties, dignity, and all too often to their safety. To those who do not believe it, look at the tragic statistics. Africanamericans are more than twice as likely to be shot and killed by police each year. And black men between the ages of 15 and 34 are approximately 10 times more likely to be killed by police than other americans. This is not a new problem. Our countrys history of racism and racially motivated violence, rooted in the original sin of slavery, and lynchings and jim crow and systemic racism continues to haunt our nation. We see it in the rat
Thinoverreach. 1 i the officer they are hoots inol men c you to the8 court. Therll give them ooting a,t something he should not have done. Ahim. Should he or his be immune from suit . Solutely not. He÷qt should be held accountable for hiaused. Y. A hold a deterrent and hold officers to a highertaif that does not the culture feel of i testimony up on capitol hill. You saw leeerritt, a lawyer who reprents s familiesby police. Kane, who writes for the that some of thosethe white hous that after in the le merritt and six families impacted by police vio supremacy left, opted out ofonfollowing eight families will be appearing shortly with civil attorney lee if senate. Yo see the families listed there. G you just saw. ÷hif you missed it, go to our website cspan. Org and you can watch it. Carl in in west thank you for hanging on. Reform . Caller what happenednsituation, but what we have is a kneejerk reaction. Ferguson effect where the cops look ti have two friends, another is a sheriffs get
Eligible for the program in terms of the money amounts, things like that, by opening it up to more people. I really appreciate your responsiveness, thank you. Madam chair, with that i will yield back. Thank you, mr. Styers, a youre a recognized for five minutes. Thank you thank you, madam chair thank you, chairman powell, for your testimony and your willingness to be so accessible. I want to thank you for everything you are doing during this crisis. I think your actions have prevented this from getting much worse. I take your answers pretty seriously about what we need to do for people who are still impacted by this crisis. Particularly people who are still see unemployment we need to try to help them. You just answered a question a bit just a couple things, i think with the unemployment insurance, i think its important to keep in mind that some of the jobs are not coming back soon, but those jobs in those areas where travel accommodati accommodation, restaurants, bars, things like tha
Field . On a number of occasions we have issued public statements and communications to our supervisory group. We dont want to be on a hair trigger to classify loans or call them loans or anything like that. We want to look at this as an unusual situation and be flexible and thoughtful about the way we do our jobs. Of course we havent been really supervising. Were only starting to supervise again. At the fed were going to do it remotely. Were not going to be visiting yet but that time will come i think fairly soon. But were doing training for our supervisors and things like that so we want to be we have also by the way, we have encouraged banks to use their buffers. And in a similar way that Mortgage Backed securities can. Do you think that the threat of clo is properly accounted for and can you discuss how the fed has been monitoring this risk . And thats not the case. We have really good information. We include them to the extent and we include them in our stress tests and we stress