Including Broadband Access during coronavirus expanding broadband to rural areas telehealth funding and president trumps executive order on social Media Companies. Three hours 25 minutes. Good morning this hearing will come to order todays hearing on the oversight of the fcc. And they are here today and a special welcome to our a distinguished panel for appearing today we will hear from sec chairman pai commissioners. The sec is the nations primary regulator interstate and International Communications networks a core part of the agencys mission is to ensure all People United states have access to rapid and efficient nationwide Communications Services at reasonable prices never before has the responsibility to achieve this mission have been more important covid19 spotlight on the Communications Networks in the American Peoples access to Broadband Service since march there has been a dramatic and sustained a surge in Internet Usage us networks have performed well and we are much better t
Coons. Convening under different circumstances than our previous meeting. The were cbc following the guidanc the cdc and the office of the attending physician. So were spaced further apart. Our staff is reduced. Though we are grateful for all of them. The general public is watching online rather than filling up the room. So our hearing today will look a little different. I think we could all agree that the capitol feels a little different, the halls of congress feel a little different. Small businesses, if theyre allowed to open at all, are operating under a very different circumstance. American homes have been classrooms. And offices for millions of americanan family. And at least for a while American Life as we know it has changed. Net nonetheless, access or inaccess to Broadband Internet services m especially in rural areas has remain unchanged. And it might be a good topic for us to touch on today. Our witness today of course is the esteemed chairman of they6yf the governments most
executive order on social Media Companies. This is three hours and 25 minutes. [background sounds]. Good morning and welcome today hearing on the other side of the federal communications commission. And we have them here today. As a special welcome to our distinguished and all witnesses upon. Today we will hear from fcc chairman. In the commissioner and other commissioners. The fcc is the nations primary regulator and later state International Communications network. The core part of the agencys vision is to ensure that all people in the United States have access to rapid efficient and nationwide Communication Services at reasonable prices. Never before has the fccs responsibility to achieve this mission been more important. In the covid19 Public Health emergency experts a spotlight the Nations Communications networks in the American Peoples access to Broadband Services. Since march there has been a dramatic and sustained surge and internet usage. But the u. S. Network has performed we
We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
The subcommittee meeting will come to order. I want to thank everybody for coming. Ive got a fairly short statement that i will read and then i will turn to senator coons. Were obviously convening under different circumstances than our previous meeting. Were following the guidance of the cdc and the office of attending physician, so were spaced further apart. Our staff is reduced, but were grateful for all of them. The general public is watching online rather than filling up the room. So our hearing today will look a little different. I think we can all agree that the capitol feels a little different, the halls of congress feel a little different. Small businesses if theyre allowed to open at all are operating under very different circumstances. American homes have become classrooms and offices for millions of american families. And at least for a while American Life as we know it has changed. Nonetheless access or inaccess to Broadband Internet services especially in rural areas has b