Vaccine for use by all adults in the 27 country block the u. Has also agreed to control exports of that scenes from the blog arguing it needed to do so to ensure its own supply lines follows a growing dispute between the e. U. And the company about a supply shortage its a real pleasure to be here and to announce the carriage positive opinion for the authorize ation of the astra zeneca covert 19 vaccine this expand the range of Vaccines Available to you and a Member States which will all help to bring the pandemic under control and protect the citizens of the e. U. We now have 3 vaccines that have been developed and recommended for purple approval against a disease that we did not know one year ago. Drug from johnson and johnson is expected to apply for merges use authorization for its vaccine in the United States next week it says its single dose japp appears to be at least 66 percent effective in preventing cave 19 the dutch court of appeals has ruled that Oil Giant Shell must pay com
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.
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. 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 a part of our oversight work, the commission has decided to hold
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 exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
800 points at its low as states like texas and florida roll back their reopening plans. The dow and s p now back in negative territory for the month of june. Does this take the vshaped recovery off the table, guy . Hi. Hi. That was a great toss from sarah to fast money. The market had a vshaped recovery, but the economy anything but weve talked for a while now that the Chasm Company the real economy and the stock market continues to widen out, until today at least i think somehow that gap is going to be close. Unfortunately i think its going to be closed by the stock Market Selling off. In terms of what happens today, i think the fact that states seem to be putting the brakes on things is a huge part of it, but dont discount at all the news about facebook i think we can come back in the fall and go back and say on june 25th when verizon started to pull ads from facebook, that was a significant event in the market 27. 90 in the s p 500 is the number i keep coming back to i dont think it