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Next the director of the federal Housing Finance agency testifying on housing and mortgages during the coronavirus pandemic. House Financial ServicesCommittee Members asked him how his agency is handling the rice in foreclosures and forbearances as well as the operations of fannie mae and freddie mac. The hearing runs over three hours. The committee will come to order. Before we begin, i want to remind members of a few matters including some required by the regulations accompanying House Resolution 965, which established a framework for Remote Committee proceedings. First, i would ask all members to keep themselves muted when theyre not being recognized. It will minimize disturbances while members ....
500 on pace for their biggest quarterly gains in nearly 20 years, and the nasdaqs about to have its best quarter since 2001. We will break down all the numbers for you. While this quarter was rosy, the future might not be so bright. If you ask Federal Reserve chairman Jerome Powell, the fed head warning of an extraordinarily uncertain economic picture due to the coronavirus. Treasury secretary Stephen Mnuchin just wrapped up testimony on capitol hill, long day for them. We will go to d. C. For all the fireworks that happened in that room. Meanwhile, we are just nine hours away from the deadline for Small Businesses to tap into what is left of the Paycheck Protection Program. It still has more th ....
Yesterdays stomach churning day during which the dow saw its fourth biggest point drop in history. 1,861 points. Equity losses of 2 trillion dollars just shaved right off. One of the triggers from yesterday is the same one thats pulling the oxygen out of todays rally. Worries about a longer recovery and a second wave of the coronavirus pandemic rearing its ugly head. One of the most widely followed economists on the street, in this final hour, what he sees as the biggest obstacle to a more persistent and longer stretched market and economic rebound. Plus, College Football taking baby steps the put the pandemic behind it as players get the green light to begin workouts this coming monday. So could we really see oregon and cal and ucla and yes usc football in the fall . The commissioner of the pac 12 is here in a fox business exclusive. Yes, i will ask, will there be fans . Plus poking fun at the brand new playstation 5 . Portfoli ....
Friend. Were watching that very closely. Were keeping close eye on washington. Were focused on capitol hill. The house taking up the stimulus measure, relief measure, whatever you want to call it, to the tune of 484 billion. Now the house physically there, in person, some Wearing Masks to make sure they get this done. Lets get the latest from chad pergram, how this will all sort of fan out. Chad . Reporter hey there, neil. This is the debate. They started 15 minutes ago on this bill, about 324 billion of this goes to Small Businesses. You might recall a couple weeks ago that fund ran dry. The cupboard is bare. The cost of this bill ballooned from 251 billion specifically to Small Business, to 484 billion as you say. House Speaker Nancy Pelosi says democrats imp ....