Begin with the oracle of omaha well start with the trimming of apple shares hes got more than 900 million we totally get it. Its not like buffetts bailing on apple in any way. It did sell about 36 million shares what is this, do you think is it simply Portfolio Management i think thats exactly right, scott. Its Portfolio Management. Apple being one of the most liquid stocks in the world on any market he could have sold a lot more than that if he had wanted to. So this is just, look, the stocks had a great run, hes pairing back a little bit, got a lot of cash. What i found kind of surprising is that with that much cash, actually not surprising but confirming on the value of the market is that he really hasnt made any big acquisitions. Hes only said hell only buy his stock if he cant find anything else to buy they scooped up 9 billion of their stock in the last quarter. They continue to buy back a lot of stock i do wonder even at the margins, ty any, if this is in any way a statement tha
Minutes. This runs an hour and 45 minutes. Sen. Crapo today, we welcome the regulators, the comptroller of the currency, brian brooks. Chair of the federal deposit insurance corporation, Jelena Mcwilliams, and rodney hood. We will receive testimony from each agency on efforts and plans since you last testified before the committee. Since the passage of the coronavirus aid relief and Economic Security act, or cares act, your agencies have taken many meaningful steps to mitigate the Economic Impact of the pandemic and provide conditions that will lead to a forceful recovery. Lead to a forceful recovery. On october 30, the Federal Reserve announced changes to its main Street Lending facility on october 30, the Federal Reserve announced changes to its main Street Lending facility including decreasing the minimum loan size for priority loan facilities from 250,000 to 100,000, and allowing borrowers to deduct any ppp loan for their outstanding debt. Loan for their ppp outstanding debt. Your
Recognized by the chair. Members are also reminded that they are responsible for muting and on muting themselves and to commute to themselves after they finished speaking. Consistent with the regulations accompanying House Resolution 965 will only mute members and witnesses as appropriate. When not recognized for inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the hearing. This hearing is entitled insuring against a pandemic challenges and solutions for policies and i now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Million People could enter a state of extreme poverty do that to the Global Economic contraction and here in the united states, 67 Million People filed for Unemployment Insurance since march of this year. The harmful effects of this pandemic are the stability of Small Businesses like restaurants cannot be overstated. Thereve been li
Cases, we talk about it every day. We need to im starting, i dont know what youre hearing, im starting to see anecdotal evidence that things are slowing down a bit in the economy. Im getting that too. Im getting people who are saying, i really would want to make a big spend, this is in terms of the big tech spend, for instance, i got to figure out what is going on or when are people coming back, are people ever going to come back . This stay at home versus go back to work, we thought it was resolved, we thought that things it was just a matter of time before you go back to work and those involve big Corporate Capital spending decisions and i think that those decisions are right now on the balance, because people dont know whether this thing is just going to continue to rage. I think we can expect it to continue to rage for the foreseeable future until the vaccine is widely available. There are people people are starting to curb their behavior thats what im referring to, and there are c
Good morning and welcome to the San Francisco county Transportation Authority meeting for today, november 17th, 2020. Our clerk is ms. Britney milton. Ms. Millton, can you please make any announcements and then call the roll. Clerk yes. I will call the roll and then follow it up with my Public Comment announcement. Commissioner. Supervisor fewer . Supervisor fewer present. Clerk commissioner present. Absent. Commissioner mar . Mar absent. Commissioner peskin. Chair peskin present. Clerk commissioner preston. Supervisor preston present. Clerk commissioner ronen. Supervisor ronen present. Clerk commissioner safai. Supervisor safai present. Clerk commissioner stefani. Supervisor stefani present. Clerk commissioner walton . Supervisor walton present. Clerk commissioner yee. Supervisor yee present. Clerk im sorry . Ill now make an announcement oh, thank you. Commissioner haney present. I will now make an announcement about Public Comment. Public comment will be available for each item on th