Have learned during the crisis to better prepare for pandemic or other biological events of this scale in the future. Folks of todays hearing is the Strategic National stockpile. First established with a 51,000 appropriation in 1958, the sns was codified in 2002 and obtained its current name with an expanded mission in 2003. Over the years, management responsibility for the sns has changed between different agencies within hhs and dhs. In developing a plan for this committees oversight for the federal governments response to the coronavirus, the role of the Strategic National stockpile was an obvious area of interest, as is the vulnerability of our supply chain and theyre very interrelated. I assume that staff would be able to quickly obtain the list of items that should be held together with required and actual inventory levels of each item. Once again, i learned it is dangerous to assume. We quickly found out that those lists do not exist or certainly are not made available to congre
Into the congressional record as long as as well as my Opening Statements. I want to think everybody participating and covid19 continues to inflict terrible economic toll in the United States. Just over five months, weve express of our 120,000 deaths. 2 million total infections. Tens of millions have lost their jobs. This Congress Reviews response to covid19 is important take the lessons weve learned learned during this crisis to better prepare for pandemic are the biological events of the scale the future. Folks on todays hearing the Strategic National stockpile. First established with a 51 milliondollar preparations in 1998, was National Pharmaceutical stockpile. The s s was codified in 2002 and obtained his current name with expanded mission in 2003. Over the years, the response ability for the s s has changed between different agencies within hhs and vhs. Developing a plan for this communities oversight for the response to the coronavirus, the Strategic National area of interest as
Emergency management professionals about its role during pandemics. And how best to retool stockpile for future and biological events. On the welcome and thank all of the witnesses for the participation in for the thoughtful testimony and ill ask unanimous consent to enter the full testimony into the record of predisposing doctor garrett has requested the full ending of the crisis in complacency of the report be put into the congressional record as long as as well as my Opening Statements. I want to think everybody participating and covid19 continues to inflict terrible economic toll in the United States. Just over five months, weve express of our 120,000 deaths. 2 million total infections. Tens of millions have lost their jobs. This Congress Reviews response to covid19 is important take the lessons weve learned learned during this crisis to better prepare for pandemic are the biological events of the scale the future. Folks on todays hearing the Strategic National stockpile. First est
Equity markets are up and bonds are down. The market is functioning from that point of view. Vonnie we have not much concrete to go on for equities expect except the promise we will get a stimulus built in the next few hours. Everything that has been dropping his rallying and everything that has been rallying seems to be dropping. By that i mean the grocers. The s p 500 is up a whopping 8 . We will see if we get a successful vote in that few hours, if there is even more room for u. S. Equities. Again, we have a search for the u. S. 10 year yield, although that has been trading in a range, if you could call 15 basis points a range. The vix is slightly higher in the session, down three points itself. The dollar index is seeing a little bit of relief after sessions and sessions of strength with a voracious appetite for the u. S. Dollars finally abating or maybe some people taking advantage to take a little bit of profit. Insight asget more to where these markets are and potentially where
Yearoveryear number of six point 3 . Kind of a mixed bag with regard to some of the key headline embraced. Key headline numbers. Inflation and a Housing Department that seems to be chugging along. Guy the real number that stands out throughout the day is the capital goods number. Quite soft. Months this time really picking up. That is a sign of strength coming out of the u. S. Economy but i dont think people had anticipated and thats probably why we have seen yields rising at the front end today. These numbers confirm for the inflation story is going. Weve been hearing from the fed time and again they want to get back to target. They want to get some of these Inflation Numbers a little bit higher. Capital goods numbers drawing a lot of attention across the numbers. Start with the durable goods report and those capital goods numbers. Mark the numbers have been bad all year. In the month of october they decided they needed to go out and spend some money that thats good news for the econo