Good morning. The committee has come to order. One thing, i want to thank the witnesses for your testimony. Those appearing in person, traveling to d. C. To give it orally, and, also, answer our questions. The title of this hearing now is, i guess, examining the u. S. Approach to early covid19 treatments. I thought it was i originally set out a title of early treatments for covid, a essential component of a covid solution. It was inevitable that the coronavirus pandemic to be politicized into the tragedy it was. From the start, i knew it was impossible to have a perfect response. We were facing a new virus. No one wanted to underreact, and as a result i feared the tendency would be overreact. The challenges facing us were daunting. Our National Strategic stockpile had been reduced during the h1n 1 pandemic. It took time to develop a test. The fact that a large percentage of people that become infected exhibit no symptoms made the coronavirus even more difficult to detect and contain. I
Covid solution. It was inevitable was inevitable that the coronavirus pandemic would be politicized and this is a tragedy that it was paid from the start i knew it was impossible to have a perfect response and we are facing a new virus that caused an entirely new disease. No one wanted to under react and as a result i fear the tendency would be to overreact and create Unrealistic Expectations regarding our ability to stop a highly contagious pathogen. The challenges facing us were daunting and our National Strategic stockpile have been reduced during the h1n1 pandemic and had not been replenished. It took time to develop reliable tests and even more time to Scale Production to meet the demand. The fact that a large percentage of people that become infected exhibited no symptoms made the coronavirus even more difficult to detect and contain. I have tried not to criticize the elected officials that have had the response ability to make very tough decisions with limited and highly imperfe
Underestimate senator mcconnell and his ability to corral maybe as many as 20 republican senators who believe that we have a vshaped recovery which of course is what President Trump has been saying. Its the senate that we look to, i think all discussions between secretary mnuchin and Speaker Pelosi have not borne fruit. One of the things i think they havent borne fruit because the republicans simply are not in favor of giving the states money. Speaker flossy wants to give many different businesses and states money because they are all strapped will this matter to that i dont think so i wish it would, i mean, in business i think it would, but not in politics. I feel, david, when i look at these numbers and i look at whats happened to the president , of course, we wish him well, i think that somehow nothing comes together in washington that you would think. Theres not a kind of a sympathetic lets get together, lets stop the war of words. It just doesnt happen like that anymore. No. There
Simply not coming back. Markethe back of a labor surprise in treasury yields, drifting higher. That is the call you are looking for. Lets start with the jobs number and what it means for the policy effort in washington. I think the number is a sigh of relief. The markets were trying to get jittery going into friday, not knowing how bad or good the numbers would be. This is clearly a step in the positive direction. What this means for policy is yet to be seen, still a lot of bickering going on between the house and senate. If anything, in some respects i would argue that the good payroll number argues for congress to pass another deal to support the economy. A lot of the positive momentum we have seen in the last three months is because of fiscal stimulus. Treasury yields higher by eight basis points on the 30year. This is something that you are looking for. Thender how independent sweetener is of the next move down in washington . Subadra i think they are all closely tied to each other
And i pale more that announcement coming just hours after cal, so i so said that there would not be any rotating blackouts tonight. Thousands of customers were in the dark for hours last night as temperatures soared into the triple digits. Kron fours dan thorn is live in san and elmo hes been talking with people about the heat and their concerns over the potential for more outages in the coming days well ken and pam, the rolling power blackouts for on some people out here are a painful reminder. Last falls Public Safety power shutoff done by pg and e with these high temperatures its been essential for people to keep cool and many of them are also doing their best to conserve energy or the hope for the power to stay on in marine county, the scorching hot temperatures threatening the area saturday with another round of outages something people in san anselmo do not want to deal with again it was really had no notice that it was happening whatsoever on obviously a surprise we didnt know i