Sb Committee Comes to order. Good afternoon. And welcome to our witnesses and audience members. Let me thank you all of you, for coming, and for participating in this subcommittee hearing. Right here. I think were all pretty familiar with this new virtual setting. But because this is our First Virtual hearing of this subcommittee, i want to take a moment to provide members with a few reminders before we begin. We will proceed in the same fashion as this committee always has. We will begin with Opening Statements by the chair and Ranking Member. Followed by testimony from our witnesses, and an opportunity for every member to inquire for five minutes. We will dispense with our practice of the given and instead go in order of seniority for questioning alternating between minority and majority members. Members are advised that the clerk may mute those who are not speaking in order to limit background noise and feedback. However, all members are responsible for unmuting themselves when they
Right here. I think were all pretty familiar with this new virtual setting. But because this is our First Virtual hearing of this subcommittee, i want to take a moment to provide members with a few reminders before we begin. We will proceed in the same fashion as this committee always has. We will begin with Opening Statements by the chair and Ranking Member. Followed by testimony from our witnesses and an opportunity for every member to inquire for five minutes. We will dispense with our practice of observing the gibbons rule and instead go in in order of seniority for questioning, alternating between minority and majority members. Members are advised that the clerk may mute those who are not speaking in order to limit background noise and feedback. All members are responsible for unmuting themselves. When they are recognized for their five minutes or when they otherwise seek recognition. I want to thank you all for your patience as we navigate this new technology. In order to continu
Attorney general william barr is under fire after a top prosecutor is pushed out. How the president is involved, and why congress is demanding an explanation. And driven by hate. A noose is found in the garage of Bubba Wallace. Nascars only fulltime black driver. Well show you how the sport is responding. First, heres todays eye opener. Its your world in 90 seconds. How do you think history will remember donald trump . I hope it will remember him as a oneterm president. We can get over one term. White house officials are pushing back against john bolton. The president has called bolton a, quote, whacko. And the white house claimed boltons new book is full of lies. I predict this. Hell not only not get the profits from that book but he risks a jail sentence. Democrats demanding probes into the firing of a federal prosecutor investigating peee i close to the president. He was trying to follow the law and that cost him his job. Florida is becoming a hot spot for coronavirus. New numbers r
Worst deficits. It is expected to be very short. 90 days ago they had a surplus. It is directly related to the coronavirus. Now to the governors desk to announcement. He says starting tomorrow counties can allow retailers like bookstores and other stores to resume business with curbside pickup. Nonessential manufacturing like furniture, clothing, toys and a wide array of factories can also resume as well as warehouses and cystic centers. Social distancing and disinfection methods have to be followed. The state health and human secretary says people should not expect workplaces to be like they were before. It does not mean a return to normal. We know that covid19 is still spreading. It is a dynamic process. This is not etched in stone. We want to work with people across sectors. So far offices, malls, sitdown restaurants and museums are not included. The governor said that wont be until stage iii. This means churches, movie theaters, salons and gyms are supposed to remain closed. When b
21. 5 Million People lost their jobs in april. Oil prices have also been higher last check of wti saw it just above 24. Thats a began of about 3 that link between oil and stock market futures has been strong too. It has been very, very strong it is interesting. It has been strong on the way up the question is was it strong on the way down it is interesting to think what has been driving what . It has been stuck here. It is up 11 the next morning it is 26 and then 23 again. At the end of the session, it seemed to go back. Weve been holding at 24 24, 25 that seems to be enough. These futures are up 250 points every morning. At the end of the day, weve given it back. We are up to 250 again are you kidding me, china, if we are being nice about trade, thats enough to send the markets up again we are back to that . At least it takes the threat off the table. If you start adding tariffs on, i wonder what happens. Earlier this week, all of this harsh rhetoric. We talked about it yesterday, wha