Record levels were hearing 47 Million People could lose their jobs, 32 unemployment stocks will soon collapse under their own weight according to morgan stanley, we could be looking at a 25 contraction in our Gross Domestic Product my money manager friends were all glued to their machines sunday why, of course, like every sunday night they expected the futures to be down the limit so how the heck could the market rally today . I mean, dow gaining 691 points, s p climbing 3. 35 nasdaq pulling 3. 62 simple because American Science is at last in play science that may allow us to not only contain this virus, but actually one day beat the darn thing. Look, i in no means want to disparage the extraordinary efforts to get the pandemic under control. Its absolutely essential. Thats why ive been calling for national lockdown, as much as it rankles some we have people gallavanting around like nothing is wrong new york city is a travesty. The new york mayor waited too long and were paying for it
[background noises] [background noises] [inaudible conversations] the command oversight and accountability will come to order. I want to welcome everyone here this morning. Without objection the chair may declare a racist at any the committee on oversight and accountability will come to order. I want to welcome everyone here this morning. Without objection, the chair may declare a recess at any time. Without objection, chairman of the ways and Means Committee, mr. Jason smith of missouri, representative matt gaetz of florida, a representative Eric Swalwell from california are waived onto the committee for purpose of questioning the witnesses at todays committee hearing. For todays hearing, opening segments will be limited to 10 minutes for the chair and 10 minutes for the Ranking Member. The chair also notes that points of order pertaining to the engaging of personalities against the president will not be in order for the duration of todays hearing. Given that this is a hearing regardi
Tennessee. The subcommittee on communications and technology will now come to order. The chair now recognizes herself for five minutes for an Opening Statement. And i want to welcome you all to the subcommittees hearing titled oversight and reauthorization of the federal communications commission. I appreciate the commissioners appearing to offer their testimony today. And we appreciate that we have been able to hear from you in advance of this hearing. The fcc has not been rethorsoned since 1990 appear its current appropriation is over 430 million its charged with the administration of the Communications Act and other statutes vital to the functioning of the communications policy. We must reexamine the Core Functions of the commission and restore a culture of hul humility. The fcc plays a vital rode in the increasingly technologically dent society. The subcommittee released a draft for consideration. I would be remiss by not discussing net neutral the commissioning ins 2015 was a powe
Tennessee. The subcommittee on communications and technology will now come to order. The chair now recognizes herself for five minutes for an Opening Statement. And i want to welcome you all to the subcommittees hearing titled oversight and reauthorization of the federal communications commission. I appreciate the commissioners appearing to offer their testimony today. And we appreciate that we have been able to hear from you in advance of this hearing. The fcc has not been rethorsoned since 1990 appear its current appropriation is over 430 million its charged with the administration of the Communications Act and other statutes vital to the functioning of the communications policy. We must reexamine the Core Functions of the commission and restore a culture of hul humility. The fcc plays a vital rode in the increasingly technologically dent society. The subcommittee released a draft for consideration. I would be remiss by not discussing net neutral the commissioning ins 2015 was a powe
I want to welcome you to the subcommittee. I appreciate the commissioners appearing to offer their testimony today. And we appreciate that we have been able to hear from you in advance of this hearing. Beencc has not reauthorized since 1990 and its current appropriation is 430 million. It is charged with the administration of Communications Act. Reexamine the Core Functions and restore a culture of humility that was lacking under the regulatory class left by chairman wheeler. The fcc plays a vital role in our increasingly Technology Dependent society. The subcommittee has released a draft for consideration. I would be remiss by not discussing Net Neutrality. The commissions decision to classify the internet as a public utility was a power grab laced with the irony of suffocating the most innovative part of our economy with in 1930s era law. This gave new meaning to the term progressive. Reply comments to the commissions are due august 18. We hope you are keeping that wed whacker handy.