Good morning. The committee has come to order. One thing, i want to thank the witnesses for your testimony. Those appearing in person, traveling to d. C. To give it orally, and, also, answer our questions. The title of this hearing now is, i guess, examining the u. S. Approach to early covid19 treatments. I thought it was i originally set out a title of early treatments for covid, a essential component of a covid solution. It was inevitable that the coronavirus pandemic to be politicized into the tragedy it was. From the start, i knew it was impossible to have a perfect response. We were facing a new virus. No one wanted to underreact, and as a result i feared the tendency would be overreact. The challenges facing us were daunting. Our National Strategic stockpile had been reduced during the h1n 1 pandemic. It took time to develop a test. The fact that a large percentage of people that become infected exhibit no symptoms made the coronavirus even more difficult to detect and contain. I
Covid solution. It was inevitable was inevitable that the coronavirus pandemic would be politicized and this is a tragedy that it was paid from the start i knew it was impossible to have a perfect response and we are facing a new virus that caused an entirely new disease. No one wanted to under react and as a result i fear the tendency would be to overreact and create Unrealistic Expectations regarding our ability to stop a highly contagious pathogen. The challenges facing us were daunting and our National Strategic stockpile have been reduced during the h1n1 pandemic and had not been replenished. It took time to develop reliable tests and even more time to Scale Production to meet the demand. The fact that a large percentage of people that become infected exhibited no symptoms made the coronavirus even more difficult to detect and contain. I have tried not to criticize the elected officials that have had the response ability to make very tough decisions with limited and highly imperfe
I thought it was and i originally set out the title of early treatments for covid essential component of a covid solution. It was inevitable was inevitable that the coronavirus pandemic would be politicized and this is a tragedy that it was paid from the start i knew it was impossible to have a perfect response and we are facing a new virus that caused an entirely new disease. No one wanted to under react and as a result i fear the tendency would be to overreact and create Unrealistic Expectations regarding our ability to stop a highly contagious pathogen. The challenges facing us were daunting and our National Strategic stockpile have been reduced during the h1n1 pandemic and had not been replenished. It took time to develop reliable tests and even more time to Scale Production to meet the demand. The fact that a large percentage of people that become infected exhibited no symptoms made the coronavirus even more difficult to detect and contain. I have tried not to criticize the electe
I thought it was and i originally set out the title of early treatments for covid essential component of a covid solution. It was inevitable was inevitable that the coronavirus pandemic would be politicized and this is a tragedy that it was paid from the start i knew it was impossible to have a perfect response and we are facing a new virus that caused an entirely new disease. No one wanted to under react and as a result i fear the tendency would be to overreact and create Unrealistic Expectations regarding our ability to stop a highly contagious pathogen. The challenges facing us were daunting and our National Strategic stockpile have been reduced during the h1n1 pandemic and had not been replenished. It took time to develop reliable tests and even more time to Scale Production to meet the demand. The fact that a large percentage of people that become infected exhibited no symptoms made the coronavirus even more difficult to detect and contain. I have tried not to criticize the electe
Be also not seeing the robust gains we have seen the last couple days. Looks like we are snapping out of six days of gains for mainland shares. Hang seng also down 53 points or so. Nikkei futures slightly positive. We are watching currencies and other bonds as well. We are looking of course at the dollar which is holding pretty steady after we saw some strength in the u. S. Session. Chinese 10 year yields, yields actually falling lower by two basis points. Offshore room and be back above 710, 702. Aussie dollar continuing to see weakness with victoria, melbourne under a six week lockdown. And of course we mentioned the yen earlier. We are watching the hong kong dollar very closely here. Our scoop on how president trumps aids are waiting proposals to undermine hong kongs dollar. Seems like right now it is just talk, a lot is hypothetical. You are seeing a lot when it comes to the spot rate, but you see of the bit of movement in some of these markets, up slightly. Of boostingback interve