Yields have continued to fall in italy. Stocks in europe. We will provide the details in a moment. The s p is up around. 5 . A stable day. We are seeing a rotation back towards the tech stocks. The top the stoxx 600 benefiting from the ecb largess, which were now expecting more of. The stoxx 600 up 1. 12 . Aboutyou are talking Christine Lagarde saying the ecb will be there for the second wave of the virus. The Central Banks primary tools will likely stay the same. Lagarde while all options are on the program, the have provenros their effectiveness in the current environment and can be dynamically adjusted to react to how the pandemic evolves. They are therefore likely to remain the main tools for adjusting our monetary policy. Alix joining us from frankfurt is paul gordon, who leads bloombergs western european Central Banks coverage. Bdp is getting the most out of that statement from Christine Lagarde. Yields down. What was your biggest take away about how she said she would support th
1. 8 trillion. And jobless claims disappointed the street coming in at 898,000. It was the highest rating since mid august. Rising coronavirus cases in europe and the u. S. Affecting sentiment. 59 minutes left of trade down only 23 on the dow. The european measures definitely weighed on european markets. We have improved since the european close coming up, we will speak with gregg lemkau about how the pandemic changed the m a landscape. Plus the ceo of zoom will talk about the companys efforts to branch out beyond video meetings and the stocks run thissier. Fir mike, lets start with you the Broader Markets well off the session lows. A resilient showing throughout the last few years. You mentioned the market lows in the u. S. Were just before the european close perhaps that was one of the bigger pressure points, the overseas action. Where it has taken us though is really hasnt disturbed much of the trend. This is this area. Last week we broke above this range we have been in for a while
Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.
The heroes and congress from Freedom Caucus in the conservative caucus, my good friend up in d. C. Still fighting the fight that were still on china today and im kind of going to go one by one, we have three panels of four u. S. Congressman, were honored to have all of you here today and lets just start off with brian from texas and brian im going to lead off, the other brothers from congress who can hear this in the back room, hello brothers back there and sisters, i hear you in the back room. There all my friends. [laughter] congressman babbitt, the first hurdle is upon which Everything Else depends is the sense of how did china send us this virus, was it intentionally in any respect, was it an accident, we know it came from the wuhan district and it was near a lab but everything hangs on this proposition, we have 40 Million People out of work, we have deaths and suffering in family breakup, bankruptcy is small businesses, disaster in this country, in some sense its caused by china,
Freemarket economics in judeochristian principles. During this session several members of the House Freedom caucus discussed u. S. China relations and how it impacts their districts. Welcome back to the center. We had an actionpacked day. You are about ready to see the best of the best. These are the heroes in congress from Freedom Caucus and the conservative caucus. My good friends up in d. C. Still fighting the fight, that we are still china today and on going to go one by one. We have three panels of four u. S. Congressman so we are honored to have all of you here today, and lets just start off with brian babin from texas, and bryant, im going to leadoff with the other brothers from congress who can do this in the back room, hello, brothers back there, and sisters. I can hear you in the back room. They are all my friends. Con babbitt, want to ask you all kinds of first hurdle is upon which anything else depends is the sense of how did china send us this virus . Was it intentional in