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
Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
As White House Press secretary Kayleigh Mcenany. This morning she emphasized that she had previously tested negative quote consistently and is experiencing no symptoms on your screen are the pictures and the list of those closest to the president to have recently tested positive for covid19 as you can see the outbreak is quite extensive joining us now with more is our washington correspondent alexandra le mon live from washington dc and alexander what is the latest on the president s condition and the growing number of cases at the white house. Good evening. Well just a short time ago we watched President Trump arrive at the white house go up to the white house balcony and then remove his face mack facemasks he then proceeded to walk into the residence without the mask on and in that picture you could see several people Walking Around inside of the white house now earlier today i spoke to california congressman raul ruiz who is a doctor and he told me he was very worried that Something
Theres a risk there is a danger but thats okay. The president went on to say he is better and may even be him, you know. Meanwhile, joe bidens Campaign Says the democratic president ial nominee tested negative for coronavirus again on sunday yesterday biden had 2 negative tests on friday as as well the next Vice President is in florida right now the biden Campaign Says it will continue to observe Public Health guidelines on masks, social distancing and crowd sizes Health Experts say since word that the president tested positive for covid19 the white house has become a coronavirus hot spot. One of the latest members of the president s team to test positive is White House Press secretary Kayleigh Mcenany she is followed by nick one of the president s personal assistance, former new Jersey Governor Chris Christie checked himself into a hospital on saturday as a precaution, he was at the rose garden event for the Supreme Court nominee. Trump Campaign Manager bill stepien tested positive on
Contained. The fire has destroyed 223 homes. More than 28 1000 structures remain threatened and while an exact cause could take months to determine one possible cause is reportedly electric fencing around remote vineyard. Heres a point of origin. It has been nearly a week since it started, but the glass fires refusing to give firefighters a break chief meteorologist Lawrence Karnow tracking the dangerous fire weather conditions that are expected to last for the next few days or yeah, really just to the winds going to keep switching directions here right now were seeing a turn mainly out of the north and the winds. Now after a day where they had calmed down now they are really beginning to pick up just was we had feared. And now were looking at some pretty gusty winds in around an active fire, not what firefighters wanted to see your everybody lives in these locations so here the very latest wins. It is 19 Miles Per Hour out of the northwest right there the po valley sailing at 11 miles