Senate committee on finance, subcommittee on International Trade customs and Global Competitiveness will come to order. I know this seems a little strange, with an empty room, except for three witnesses live in front of me and many of our colleagues are going to be joining us virtually. But i want to welcome all of you nonetheless, to this important hearing. This subcommittee continues to do its work in exploring the unfair trade practices, a foreign governments especially china and russia. The topic of censorship in china is a common one, because its growing effect on business in the United States. Is as well as culture. Last fall for example, the National Basketball association has its Market Access locked in china. Because an individual american citizen, using a media platform not even allowed in china, expressed a political opinion. Now the topic has become much more important, the lack of timely Accurate Information about the spread of covid19, due to chinese censorship has contri
To 10 million for a fiveyear loan, 3 , according to the reserve term sheet. The fed is expanding the main Street Program. The main Street Program for businesses started lending last week. One day worth of loans made. The fed announced last night there was one 12 million loan. They have gotten started. Criticism has been it took so long and there is not the man now or the rules do not help not demand now or the rules do not help. Went to others sources of cash, perhaps because of the requirements, the fed does not want to lose money, those who could not find cash would not be eligible anyway. At the moment, there are questions of efficacy. It is now expanded to nonprofits. Alix hang with me for a second. University of Michigan Sentiment coming in 73. 2 , Current Conditions coming in light on expectations. This shows we are not feeling good about where we are going over the next month. Lauren, the fed news is a perfect example of where we are at, continuing to support the economy, just n
The Senate Committee on finance the subcommittee on International Trade customs and Global Competitiveness will come to order. I know this seems a little strange but an empty room except for three witnesses live in front of me and many of our colleagues are going to be joining us virtually. But i want to welcome all of you nonetheless to this important hearing. This subcommittee continues to do its work in exploring the unfair treatment practices of foreign governments and especially china and russia. The topic of censorship in china is a common one because of its growing of facts on this list in the United States as well as culture. Last fall for example the National Basketball association had its Market Access lock in china because individual american citizens used to media platform not allowed in china to express a political opinion. Now the topic is become much more important to the lack of timely Accurate Information about the spread of covid19 due to chinese censorship has contri
Bombshell from the department of justice. New documents revealed. Fbi discussed Michael Flynn to lie and get him fired. We have more coming up. Earning season rolling on this morning. After the bell tonight attention turns to amazon and apple. Markets this morning are higher. Take a look at future, indicating a gain at start of trading this morning in about 3 and a half hours. Dow industrials on track for best month since january, meanwhile major averages yesterday snapped 3month losing streak, best month since 1974. Shares of facebook are soaring, ad sales stabilizing, take a look at facebook shares. Eighteen dollars a share. Up nine and a third percent, 212 and change. Mornings with maria is live right now. Maria markets are higher this morning. You saw futures on wall street. In europe we are looking at markets searching for direction a bit. Ftse 100 is down but the cac quarante is up 17 and dax index higher by 24. Pandemic taking toll on euro zone economy. Contracting 3. 8 . The ec
Weaker as you have no agreement over finance chiefs on what to do over the crisis. Russia doesnt think a 2 million barrel a day cut is enough to get anyone to the table. In the bond market, 17 billion worth of supply coming online at about 1 00 today. It is time for todays market moving news from our london and new york offices. European Union Finance ministers now failing to reach a deal on a unified strategy combat the economic damage of the coronavirus. Germanys finance minister olaf scholz did give a press conference shortly after talks ended. I think it is absolutely clear that the recovery of great will be a very activity. We have to organize together. As anyone knows, i think it is absolute possible to do this within the framework we already have. Alix bloombergs Michael Mckee joins us now. I couldnt believe it, but i could believe it this morning when i woke up and saw they could not agree, and it was north and south. Michael it seems that way to a lot of people. Talk is cheap.