He is expected as a virus numbers continue to spike around the nation to give an update on operation warp speed and talk about new developments in the race for covid19 vaccine. At the close you look at the numbers, the vaccine helps as well with upbeat corporate profit a rally not far away from a record high, it was flirting with the record, needed to be 470 but lost a little steam in the final minutes of trading, a strong day, the s p that is a recordsetting, closing up by 48point, as it settled in what appears to be the 23rd record close of the year for the s p 500 and we want to monitor the smallcap stocks today and the russell 2000, the russell closing in record territory what is significant for the smaller stocks, the first time in more than two years we have seen a wrestled record, the s p up in the second straight week, adding more than a thousand points. We canoes and big tech brought the nasdaq into the red, those are your numbers as we come to you on a friday, im connell mcsh
Secretary Steven Mnuchin on the u. S. Economy and Financial Stability. He talks about Digital Currency, World Bank Lending at the potential impact of Climate Change. Ready to go . The committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations regular approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 p. M. Per the request of the secretary. I now recognize myself for four minister give an opening statement. So let me welcome back secretary mnuchin. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As ive said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following that te dereg
Collins and other and i age leaders testify before House Appropriations subcommittee on funding and research efforts. This is about 21 2 hours. The subcommittee will come to order. Thank you very much and apologize for being late. They take on a life of their own. I wanted to say good morning, welcome back to labor hhs, appropriations subcommittee. Let me say thank you on behalf of of the subcommittee for hosting members of the subcommittee for the site visit at the nih campus last week. We had a wonderful opportunity to learn more about nihs work, we learned about researchers working to develop treatments for major depression, shrinkage free cancer tumors in children, we heard from participants whose lives have been changed by Clinical Trials so it was a moving and informative experience. Let me welcome our witnesses including the five Institute Center directors who joined us today and in addition, always a great addition doctor Francis Collins, director of the National Institute of h
And an ongoing trade war with the us . Also in the programme, australia cuts rates as the era of cheep money returns , but can an economy so reliant on sending Raw Materials to china weather a beijing slowdown . And well be getting the inside track on a business thats aiming to be a sparkling success the boss of the jewellery editorjoins me now. And as the uk governmenet proposes raising the minimum wage to £10. 50 for everyone over the age of 21 we want to know what yourfirstjob was . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. We start in china, which is marking its 70th anniversary and with it one of the most extraordinary and rapid Economic Transformations in history. From a relative financial minnow the communist state has grown to become the worlds second biggest economy. As you can see from this graph chinese economic expansion accelerated dramatically in the 1990s as a result of mass privatisations, and the opening up of the country to fore
Average in Silicon Valley. Sharing house committees facing the challenges and introducing us to a new friend please welcome bastian. [applause] hello. Hello. Welcome. Thank you. The Business Model is Pretty Simple. There are a few other Delivery Companies out there that have gotten pretty big as well but you guys focused on innovating in certain areas and can you explain a little about how your approach innovation . Good morning, first of all. Thank you for having me. Excited to be here. Look, we simply like to compete not dollar for dollar but with innovation as you mentioned and i think, in many cases, the smarter way to compete. Money is one angle and its an important one but if you are not the most wellcapitalized player in any space that are operating and you have to find alternatives to compete. That is what we do as a company at post mates. One of the innovations that we have, i think, we brought it for today. We believe that there is a piece of the network that we are building