Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
Themselves after they are finished speaking. Consistent with the regulations house resinac 965, staff will mt members and witnesses after the process. Tewe are not recognizing background noises. Orr and decorum apply to this remote hearing. His hearing is entitled ensurin against a pandemic colin challenges a solutions for policyholdersle and insures. I w recognizeyself for three minutes to give an opening statement. According to theongressional Retail Service 1 million peop could enter a sta of extreme poverty due to the Global Economic contraction a here in the United States 67 mlion people have filed for unemployment insance since march of this year or the harmful eects of ts pandemic on the stability of sml sinesses like restaurants nnot be overstated. They have been obliterated. Dozens of restaurants in my home strict and ms. And st. Louis have closed in wh them the vendors who sell the farmers are owing the food truck driver Storage Facility facilities and entire suppl chains are
We are called to order, subcommittee on oversight. Thank everyone for joining us a today. We are holding this hearing virtually if you didnt realize it and compliance with the regulations for Remote Committee proceedings her House Resolution 965. Before we turn to todays important topic, i want to remind members of the few procedures and help you navigate this virtual hearing. First, consistent with regulations, the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or when recognized for their five minutes. Second, members and witnesses must have their cameras on at all times. If you need to step away from the proceedings, please leave your camera on rather than logging out. Third, we will dispense with our practice of observing the given to roll and instead go in order of seniority for questioning, alternating between minority and majority, beginning with members of the oversight subcommittee fir
Is live. Pump up the jam good friday morning welcome to squawk alley. Markets still in the green pinning hopes to stimulus talks. Were watching headlines best week so far this morning, jon, in two months for the dow yeah. And in tech this morning, carl, hey, weve called it out here on squawk alley before. Today amd eyeing xilynks amd is a 100 million market cap down 3 on a 30 billion deal. Investors are giving this blessing a few different trends here. A hot of Tech Companies have richly valued stock to play with there is pressure to answer and three u. S. Restrictions are hurt something chip makers like xilinks and theres no end to that in site good morning, guys pat, are you surprised not a the hoff overlap here. So in that sense, maybe this deal isnt at risk but, hey, not a lot of overlap here. So maybe this is risky the. Yeah. The so as you said before, amd needs to grow. When i look at valuation, im sure stacy will will weigh in on this, it had to do something organic growth isnt
Travis colin, im a bookseller here and in charge of the exhibitions club lets get to some quick housekeeping and we can jump right in. Im going to takea quick second to remindeveryone to silence your cell phone. Ndwe are also recording video and audio. So lets just get into it. Also when it comes time for the q a portion, we have a standing mike right here. Again at the aisle, we you speak clearly and you keep your question to aquestion. And then following everything , we have all the books on sale behind the Cash Register at the front of the store. So if you just want to get up and get those come back we would be more than happy to p sign and then we just askthat you keep your chairs inplace. We will have another talk after this and we greatly appreciate. But and also, we have as many of you know we both a lot of events this year or every year really. And joining us, if you need any help keeping track, we have the calendars at the info desk and also just checked your website. We updat