Call for urgent action. President trump enters the conversation, indicating he may now support a wider stimulus bill. Debates joe biden refuses to push back his next meeting with the president. The white house rules out a virtual clash due to covid19. We have an update from President Trumps physician, dr. Sean conley, about the president s covid19 treatment, saying that the president has been responding extremely well, that his exam has remained stable while at home. President trump has completed the course of therapy for covid, saying the president can return safely to Public Engagements on saturday. The president was just released from hospital on monday evening and his health had risen controversy given the white house was saying the timing of President Trumps last negative test was regarded as private. We are finally getting an update on the president s health and dr. Sean conley saying the president can return to Public Engagement on saturday. Lets turn to the markets with Sophie
Meeting to order at this time and i would like to, if i may, give just a brief overview of what you can expect. We called the meeting to order that would have been an Opening Statement of the chair and Ranking Member, Opening Statements from chairwoman waters and are witnesses will give their Opening Statement and then we will have q and a of witnesses and adjournments. The title of todays hearing is protecting homeowners during the pandemic oversight of Mortgage Services implementations of the cares act. Without objection the cares authorized to declare a recess of the subcommittee at any time. Also without objection members of the committee who are not members of the subcommittee may participate in todays hearing for the purposes of making an Opening Statement and asking questions of witnesses. Members are reminded to keep their video function on at all times, even when they are not recognized by the chair. Members also are reminded that they are responsible for muting and on meeting
Testimony who heads the federal Housing Finance agency. This hearing will come to order. Room has been configured to maintain the recommended six that socialco distancing between senators, witnesses and other individuals in the room necessary to operate the hearing which we have kept to a minimum. Some members will be here and arpresent. The witnesses were here in person and others will be coming in by videoconference. I remind everyone once you start speaking there will be a slight delay before youve are displayeyou are displayedon theg in remotely to minimize background noise please click on the mute button until it is your turn mun to speak or ask questi. If theres any Technology Issue as usual, we will move to the next senator until it is resolved. I will remind all the fiveminute clock still applies. You should all have a box on your screen so those of you operating remotely will show the time that his remaining. After 30 seconds im going to try to remember to tap the gavel to rem
Two hours. This hearing will come to order. Been aring room has configured to maintain the recommended sixfoot social distancing between senators, and other individuals in the room necessary to operate kept aring, which we have it a minimum. This will be a hybrid hearing. Be present andll witnesses are hear in person and coming in by videoconference. Once you startne slight there will be a display before you are on the screen if you are coming in remotely. To minimize background noise button until your time to speak. If there is any Technology Issue senatormove to the next until it is resolved. I remind all senators and itnesses that the five machine clock still applies. Should all have a box on your those are operating remotely that is labeled clock remaining. Ime at 30 seconds i will try to the gavelo gently tap to remind senators their time is expiring. Speaking order process support brown and you i agreed to go but seniority. E welcome our federal housing regulators the honorable b
Begin to resume, as many assume in june and maybe be back to something more normal by this summer, i think a v is possible, but i am worried that the outcome will be worse. It really depends to my mind on just how much damage is done during the time that the economy is shut down in the way it is now. How much damage is done joining us is bob dole, chief equity strategist. Thanks for being with us i want to get your thoughts on the potential for this recession and subsequent recovery and specifically how thats factoring into your outlook for the markets . Yeah. Im not using a u or v im using a checkmark, kind of the big decline and then a noticeable, but slower uptake than we had on the downside. As you know we shut the economy off. We turned it off its not something from the outside did it we chose in order to fight coronavirus to do that therefore, we can turn at least some of it back on it will take longer to convince people its safe to come out from under the covers when it told the