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
10 in its debut, valued at 1. 9 trillion the largest listed company in the world. Plus, the fed and a trade waiting game stocks poised for a muted open as investors seek further tea leaves on trade and the fate of monopolies arent bad if they are not abused tim cook coming to the defense of business but said apple isnt one. Saudi aramco strong public debut. Shares jumpedon the open, the maximum 10 on the Stock Exchange in riyadh limit up. The state owned oil giant is the worlds most valuable company list at 1. 9 trillion, thats about 6 exxons and above apple which has a market cap of almost 1. 2 trillion. Well placed deal. A lot of people in saudi arabia decided to buy this stock. And that boosted it. I think sometimes you get deals and they pretty much determine where it is going to be. So now the question is, yield. And whether the yield exceeds what mike worth is offering on chevron. I think it will. I dont think it makes people suddenly all excited about the oil stocks, but it does
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Backed forces target the taliban. World leaders prepared to address the our new Un General Assembly will be live from new york. But 1st the british Prime Minister Boris Johnson says he disagrees with the ruling by the Supreme Court thats the countrys highest court that his decision to suspend parliament was unlawful bought he says that hes promising to respect that verdict as british politicians go back to westminster with the 31st deadline looming there are growing demands for the Prime Minister to resign he says hell fight on. Obviously this is a verdict that we will respect and respect the judicial process i have to say i strongly disagree with what the justices have done and i dont think that. Its right that we will go ahead and course upon the come back i do think theres a good case for getting on with the queens speech anyway move do that by the way support things we get on and librax it on october 31st and this clearly a the claimants in this case are determined to try to frustr