From volkswagen today. The auto company, vw, just unveiling its new electric suv. It will be assembled right here in tennessee, usa. Volkswagen of America President and ceo, scott keough will give us all the details a very busy hour coming up. Johnson johnson is beginning a latestage trial of the oneshot coronavirus vaccine. Jackie deangelis with all the details. Hi, jackie. Reporter good afternoon to you, david, that is really important. Latestage testing will get to us the vaccine this is phase three for Johnson Johnson. Administration operation warp speed has four candidates now, this is the fourth one to get the latestage testing phase. Phase three for Johnson Johnson will be 60,000 people across the country and abroad. Moderna, pfizer, astrazeneca, they are the other ones right now in the latestages this is coming as the department of health and Human Services Just Announced 200 million as well to try to get certain jurisdictions ready to administer the vaccine. It will help them
Something we havent seen for the dow and s p in more than a ho month and a half to wilfred frost who has breaking news. Hi, morgan. Yes, james gorman the chairman and ceo of Morgan Stanley sent a note out to colleagues that were seen by myself and the content confirmed by a spokesperson at Morgan Stanley, in it he said, quote, 90 of our employees are working from home. As a result the normal bonds created by every day interactions with colleagues have been impacted and im hoping my perspective on the firm and crisis will be helpful and you have all seen the Federal Reserve actions are extraordinary but given the circumstances necessary markets cannot function without liquidity and they have taken real steps to address this critical issue he went on to say, slowly, governments across the world are putting aside their politics to arrive at blockbuster support and stimulus packages. Way too many people have lost their jobs overnight and it is central for government to act as aggressive as
The Committee Meets today to receive testimony from the department of defense fiscal year 2021 budget request. Welcome our witnesses and thank them for their service in both dr. Mark esper and general mark we have a pair of marks in this morning. This committees top priority is ensuring the effectiveness of the National Defense strategy. Thats our vote that we had heard, adhere for a long period of time now. About three years. Unfortunately, the last administration we ask our military to do more with less and that got us into trouble between 2012 and 2017 we lost 150 billion to sequestration. Our Defense Budget in the readiness of our forces were devastated. I think we all understand that. As a result, when President Trump came to office, he inherited American Military and crisis, thankfully he delivered on his promise to begin rebuilding the u. S. Armed forces. He negotiated the highest level of defense spending ever, a down payment toward getting our military back to where it needs t
The Committee Meets a diversity of testimony in the department of defense here, 2021. The budget request, we welcome our witnesses and thank you for their service in both doctor mark esper, and general mark. We have a pair of marks, this morning. This Committee Top priority is ensuring the effectiveness towards the National Defense strategy which is both what we have been adhering to for the long period of time now, but three years. Unfortunately in the last administration we asked irma terry to do more with less. That got us into trouble between 2012, 2017, we lost 150 billion to seek frustration. Our Defense Budget in the readiness of our forces were devastating. I think we all understand, that as a result, when President Trump came to office, he inherited American Military in crisis, thankfully, he delivered on his promise to begin rebuilding the u. S. Armed forces. Last, year President Trump and negotiated the highest level of defense spending ever. A down payment towards getting o
And joint chiefs of staff chair general mark milley were on capitol hill to testify on the president s 2021 budget request for the pentagon. They were also asked about military modernization efforts and defense funds being diverted from border wall construction being diverted for border wall construction. [indiscernible conversations] [indiscernible conversations] the Committee Meets today to receive testimony for the 2021 budget request. We welcome our witnesses and thank them for their service. After mark esper and general mark milley. Top priority is ensuring the effectiveness and implementation of the National Defense strategy. Unfortunately under the last administration, we asked our military to do more with less, and that got us into trouble and 2017. 12 we lost 150 billion to sequestration. Our forces were devastated. I think we all understand that. As a result, when President Trump came to office, he a country in crisis. Rican military and crisis, thankfully he delivered on his