Saying china is the greatest threat to democracy worldwide. The u. S. The bloomberg u. S. Dollar index. Crude getting a lift after an opec agreement that came through. Theyre going to be keeping curbs in place in terms of production but we could see on a month by month basis some of those curbs being removed. Agrees to ease cuts more gradually. Gold about 1 10 of 1 lower. Bitcoin using some of its sheen and declinings extensive 1 . With all that in mind, lets find out what is happening in new york. Karina we start with the news on pfizer. It slumped on reported may ship only half of the vaccines it planned to this year. Issues supply chain will cut it to 50 million. Anthony found she is taking the u. K. For rushing to clear the pfizer vaccine. Moderna claims it shows what it claims is durability. Republican Senate Majority leader Mitch Mcconnell is calling for a smaller more focused stimulus package for the u. S. Economy as democrats scale back demands to find a route forward. The base
Immigrants, or they can override state voting laws or let violent felons out of prison, things that have nothing to do with the coronavirus. Those are the two most important things we could do to help those who are still struggling with this virus get back to work until vaccines are approved and widely distributed. What will not help, what will not help, will is not designed to help was the 133 programs that have been so much of the point of discussion today. The 133 facilities have achieved their purpose. The reason we wrote it and members of this Committee Help drafted it was to fundamentally that the credit slowed to fundamentally credit where the businesses. It was not to subsidize failing businesses that were not going to be able to succeed before china unleashed this plague on the world. It wasnt to bailout fiscally irresponsible, mostly democratically led states and cities who mismanaged their finances for years or even decades. It was to stabilize credit markets. And i have to
3, 2, 1. This hearing will now come to order. Is in a hybrid format and the hearing room has been configured to maintain the recommended six foot social distancing between senators, witnesses and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. , a those joining remotely few videoconferencing reminders which you should be familiar with at this point. Once you start speaking, there will be a slight delay before your display on the screen. To minimize background noise, click the mute button until it is returned to speak or ask questions. Issue,e is a technology we will move to the next senator until it is resolved. I remind senators and our witnesses the fiveminute clock still applies. Those remote should have on your screen one of the boxes labeled clock which will show how much time is remaining. Weve had some trouble getting those boxes to everyone screen or at least getting everybody to be able to find them and follow them. We are going
Host our guest reporter is cat zakrzewski of the Washington Post. Mr. Spalter, if you could begin by reminding us what u. S. Telecom is and who you represent. Guest thank you very much, peter. It is great to be here paid ira present the future of connectivity. The members of the u. S. Telecom are the innovators and Technology Company that deliver the networks of the future to all americans. We have Large National providers like at t and verizon and a wonderful regional providers like consolidated frontier and windstream and Alaska Communications but we also represent a number of our smallest providers serving a Rural Communities across the country and around us as well its one of the most innovative Global Technology and prizes like cisco and ericsson and they are also a part of our effort to raise the bar when it comes to this Important Technology which is broadband. Host give us a snapshot, if you would, mr. Spalter of the last couple of months for your Member Companies. Guest i thin
You today by your television provider. This week on the communicators, we are pleased to be joined by the president and ceo of u. S. Telecom. Can you remind us represent . Ask the future of Technology Companies who are all about building the networks of the future to all americans. We have Large National providers , like centurylink, regional providers like consolidated frontier and windstream. Also represent a number of smaller providers serving Rural Communities across the well,y and around us as around the table, some of the most innovative Global Technology Enterprises Like are alsoand nec, they a part of our effort to raise the bar when it comes to this Important Technology, broadband. Give us a snapshot, if you would, of the last couple of months for your Member Companies. For the millions of folks in for every Single Person around the globe, it has been a time of seriousness and anxiety, but also a time to get to work. Dealing with this crisis, this International Health emergenc