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The committee will come to order. Without objection the chair is authorized to declare a recess at the committee at any time. I want to remind members of a few matters including some required by the regulations accompanying the House Resolution line 65 which established the frameworks were removed committee proceedings. I dont know if we have gone through this already but i would ask all members on the platform to keep themselves muted when they are not being recognized. This will minimize disturbances while members are asking questions of the witnesses. Members on the platform are responsible for muting and on muting themselves. The staff has been instructed not to mute members except where a member is being recognized and theres inadvertent background noise members on the platform are reminded that they may only attend one hearing at a time. If you are participating today, please remain with us during the hearing and members s ....
[inaudible conversations] [inaudible conversations] the cs authorized to declare a recess at the committee at any time. I want to remind members of a few matters including some required by the regulations accompanying the House Resolution line 65 which established the frameworks were removed committee proceedings. I dont know if we have gone through this already but i would ask all members on the platform to keep themselves muted when they are not being recognized. This will minimize disturbances while members are asking questions of the witnesses. Members on the platform are responsible for muting and on muting themselves. The staff has been instructed not to mute members except where a member is being recognized and theres inadvertent background noise members on the platform are reminded that they may only attend one hearing at a time. If you are participating today, please remain with us during the hearing and members should ....
S officers says stimulus is on the way. Euro german bailout. A. M. Has just gone 6 00 in london. I am torn between the debate on whether the u. S. Chinahong kong it the backstop of central bank the narrative that drives this . Japan reopening, australia is reopening and normalizing as is the u. K. Good morning. Expectations of expansion of stimulus for june. They seem to be gaining some momentum. The market seems to be putting a side the u. S. And the u. S. China tensions. That simmers in the background. We still see this risk on an markets. And perhaps added to the story a little bit of optimism or less pessimism. Like the bailout and we getcept the news like the bailout of lufthansa. Futures pointing to similar gains that we saw in the euro stoxx 50. The 10 year treasury yields higher. Is above 34 a barrel. Iae saying demand could get back to precoronavirus levels. The number of coronavirus deaths in the u. S. Is nearing 100,000 344 global deaths around thousand. However, u. S. Presi ....
The government is stepping and a lot to stabilize the market. Stabilize the rupee. Money is free to go where it wants to. If you are bid up because of foreign money coming in, and people want the entity those are the first markets they look cap. Indonesia is a good market indonesia is a good example. Give us anere to assessment on where we are. Up by over 3 ng this morning. We are seeing the biggest drag on the index so far. A third day of losses for the index. Here in the city. Take a look at the moves in shanghai. The index is off by 3 . Drop of as much as 4 by the hang seng index. The king dollar raining this morning. The offshore yuan is finding its footing. Trading below seven. The rupee has recovered from a record low that it hit further that it hit earlier. This is this as japanese officials tried to calm markets. The bounce back we saw earlier s p. Y stocks a similar theme across the region when it comes to the Circuit Break ....