Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
Themselves after they are finished speaking. Consistent with the regulations house resinac 965, staff will mt members and witnesses after the process. Tewe are not recognizing background noises. Orr and decorum apply to this remote hearing. His hearing is entitled ensurin against a pandemic colin challenges a solutions for policyholdersle and insures. I w recognizeyself for three minutes to give an opening statement. According to theongressional Retail Service 1 million peop could enter a sta of extreme poverty due to the Global Economic contraction a here in the United States 67 mlion people have filed for unemployment insance since march of this year or the harmful eects of ts pandemic on the stability of sml sinesses like restaurants nnot be overstated. They have been obliterated. Dozens of restaurants in my home strict and ms. And st. Louis have closed in wh them the vendors who sell the farmers are owing the food truck driver Storage Facility facilities and entire suppl chains are
Good morning welcome to squawk box. Im becky quick with joe kernen and Andrew Ross Sorkin weve been on a bit of a winning streak up four days in a row. Yesterday the dow was up this morning, you are seeing a little pull back dow down s p down and nasdaq off by 172 yesterday, Goldman Sachs helped. Good news from moderna godm goldman came out with much better numbers than anticipated. Also looking at the trezy yield. The 10year is sitting about 0. 622 good morning. As joe mentioned earlier the twitter shares are lower after the company showed dozens of users were part of a twitter hack targeting some employees who had access to systems and tools. Among those hacked joe biden, jeff bezos, bill gates, elon musk all telling users to send massive amounts of bit koip to an address they are diagnosing the problem and will share everything once the picture becomes more clear if they got in through employees with tools and access to accounts that raises questions about security procedures at tho
The c. R. Didnt pass, its just like in life, if you quit after the first time, its only a failure if you quit. Were in the middle of the republican civil war that has been ongoing for months, and now it threatens catastrophic Government Shutdown. Got to stop the spending. Its bankrupting this great country of ours. Any more time the speaker spends trying to cobble together farright wish lists that cant even pass the house would be a grievous mistake. Its tame for republicans to top playing these games what my colleagues on the other side of the aisle are doing with blank checks, more borrowing, more taxing, for more spending, destroying the future of this country. That stops now. Neil shutdown on. Well, the Government Shutdown is looking pretty inevitable right now, just 14 hours away potentially. Right after midnight tonight, 3. 5 million workers could be off the Government Payroll unless or until congress can pass a spending plan. Heres what we know right now though, House Speaker Ke
Fox news at night. And breaking right now, all eyes on philadelphia after backtoback nights of rampant looting and dozens of arrests. We are monitoring what could be night three. These, on the right side of the screen, live pictures of philly. And if crime breaks out well break in live with the very latest. Meanwhile Christina Coleman is live with what happened and what were learning about the suspects arrested so far. Christina good evening. Reporter good evening trace, second round of looting and flash mob thefts reeked havoc in philadelphia last night. This comes after crowds of thieves smashed their way through stores in several parts of the city tuesday night during an hours long crime spree. The looting started that evening after a judge ruled to dismiss charges against a local Police Officer who shot and killed 27yearold Eddie Irizarry during a traffic stop in august. Demonstrators peacefully protested the judges decision however police say criminal opportunists to advantage of