the committee on readiness, held a hearing with navy and marine corps leaders on the u.s. region security on military bases in coronavirus response efforts. good morning. the hearing of the subcommittee and readiness and management will come to order. the subcommittee meets today to receive testimony on the readiness of the u.s.. navy and u.s. marine corps. i want to welcome three established witnesses. the honorable kenneth secretary of the navy. admiral michael, chief of naval operations for the united states navy. i d like to thank diana mauer, director of defense capabilities and management and her team is the government accountability office for submitting the requested statement for the record of the hearing. an invaluable resource to our work on the committee. some of the issues i d like to address and cover today covid-19 and its impact on the readiness of the u.s. navy and marine corps. maybe and marine corps pivotal marine corps, our competition highlighted in t
we ll come to order and go ahead and get started. the senate armed services subcommittee on sea power convenes this morning. to examine navy shipbuilding programs in review of the defense authorization request for fiscal year 2020. in the future years defense program. we welcome our three distinguished witnesses this morning. the honorable james f. geurts, assistant secretary of the navy for research, development and acquisition. good morning. vice admiral william martz, deputy chief of naval operations for warfare systems. and lieutenant general berger, deputy command dant for integration. gentlemen, congratulations. and delighted to have the three of you here today. thank you for your time and effort. this is my first public, or first public meeting as kparn of the sea power subcommittee. i m humbled to be leading the subcommittee and will do everything i can to support our men and women in. and today we have the smallest air force and at the same time, complex threats fr
we will reconvene and get back to members questions. mr. khanna is up and is recognized for five minutes. he is appearing virtually so he will be on the screen. mr. khanna, do we have you? yes. thank you, mr. chairman. i want to use my five minutes for three different parts, one to follow up on the chairman s comments about the article on china and on yemen. they said the pentagon should look more like apple computers, and i was, of course, struck by that given that i represent apple computers and apple parts. one of the reasons that i think the article made that point is the technical change so fast and so rapid we need to be adaptive and silicon valley beats incumbents with huge, larger bank balances because they re innovative. i guess my question for you, secretary austin and chairman milley, do you agree that critical to leading against china is having technical superiority? and have you spent time with tim cook and pachai and are you going to do that? i have spent t
minutes until the finish of the tuesday session, stocks are rising, not in these two countries. these currencies are falling against the dollar, the euro down the 6/10 of 1%, political risk reflected in the price of the euro. the greek two-year about 10% 9% today, 72.6 basis points, in the green, between creditors and greece, yields falling elsewhere, commodities. we will talk about oil later. raisensurer plans to dividend payout. fourth-quarter profit declined more than estimated 29% on higher claims for natural companiesey like this are struggling with subdued demand and struggling in lowes, amid a five years of claims from natural catastrophes at the same time, ultralow interest rates curbing investment returns and shares little changed today, the little change over the last 12 months. pandora today, shares down as much as 7%, the biggest decline since february last year, this is the danish charm bracelet maker, is forecast lower profitability this year, higher gold an
That includes conducting a more thorough evaluation of the superintendent, hiring a leadership coach and holding biweekly meetings between Brenner and the GFPA to improve communication.