Congress can improve the program to help Small Businesses survive the economic downturn. Good afternoon. I am calling this hearing to order. Thank everyone for joining our second official remote hearing. Saying that standing house and Committee Rules are in practice and will continue to apply during remote hearings. Members will be expected to continue to adhere to the rules of the committee and the house. All members are reminded that they are expected to observe standing rules of committee decorum when they are participating in any remote event. The technology we are utilizing to make someres us small modifications to ensure that members can fully participate in the proceedings. Designated by the speaker, the committee will operate according to congressional resolution 965, with particular guidance from the rules Committee Regarding the respective rights of all members participating. House regulations require members to be visible through a video connection throughout the precedent,
Edition of squawk box, which is starting right now. Good morning, everybody. Welcome to squawk box on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Weve been watching with the u. S. Equity market and things are under pressure dow was down by 600 points on friday and adding to those losses today dow futures right now down by 273 points earlier this morning we were down by 350, so this is some improvement from a half an hour ago. The s p is down by 28 points the nasdaq off by 61 lets get rightto our big stor of the morning that is, of course, the Berkshire Hathaway meeting that was health over the weekend. Warren buffett speaking out about the Global Pandemic and his recent investment moves. This was a little different this year no crowds. Usually theres 40,000 people there. This time it was just buffett and Berkshire Hathaway Vice President on stable but his message was still received loud and clear. Buffett made the case that you should never bet against america, b
A slight rebound in oil. A pretty significant rebound in copper. The treasurycross curve. Had two backtoback be a equities sitive it will be interesting to see what the sentiment is when we come into work in the morning on wednesday. Still with us, scott rendon. Cohosts joey weisenthal and scarlet fu. Appetitealk about risk , when you look across the globe and you may be look at emerging markets, do you see anything attractive given how far we have seen the dollar move higher and the issues in funding markets . Think there will be some problems. We are also underweight developed International Markets and u. S. Small caps. Right now, we are very focused on u. S. Large caps, u. S. Midcaps. While our targets show positive returns for all of those asset classes, far and away the two best opportunities, at least in capspinion, our u. S. Large and midcaps. We do not want to get overly aggressive in these International Markets. Right now, we are underweight those markets. Well, i did not hear
Filing season and how the irs is processing tax returns under new tax rules. Finance Committee Chair Chuck Grassley chairs this twohour hearing. Before i give my Opening Statement and the Ranking Member give his, we do have a vote at 11 45. Theres three stack votes, so i hope we can wrap up this hearing by that point, or we could go till 12 00, i think, because they always hold the first vote a long period of time. So i would urge senators who want to ask questions to be ready when your name comes up. Mr. Chairman, just very briefly, youve always been fair to all the members. Im just going to need to check with our folks and how many are coming with respect to this request. But as we always do, well try to figure out a way to get some common ground. Youve always been very cooperative, so thank you. Commissioner rettig, we welcome you. Thank you. I appreciate your willingness to testify today on 2019 tax Filing Season and irs administration. The current tax Filing Season has been the mo
At a senate hearing, irs commissioner Charles Rettig talked about this years tax Filing Season and how the irs is processing tax returns under new tax rules. Finance Committee Chair Chuck Grassley chairs this twohour hearing. Before i give my Opening Statement and the Ranking Member give his, we do have a vote at 11 45. Theres three stack votes, so i hope we can wrap up this hearing by that point, or we could go till 12 00, i think, because they always hold the first vote a long period of time. So i would urge senators who want to ask questions to be ready when your name comes up. Mr. Chairman, just very briefly, youve always been fair to all the members. Im just going to need to check with our folks and how many are coming with respect to this request. But as we always do, well try to figure out a way to get some common ground. Youve always been very cooperative, so thank you. Commissioner rettig, we welcome you. Thank you. I appreciate your willingness to testify today on 2019 tax Fi