Subcommittee on oversight. Were holding this hybrid hearing in compliance with House Resolution 965. Accordingly, im joined by members here in the hearing room as well as approximately ten members on the remote platform. Thats outstanding and i want to thank them for joining us. Before we turn to todays important topic, i want to remind the members of a few procedures to help us navigate the terrain here. First, consistent with regulations, the committee will keep microphones muted for those participating virtually to limit background noise. Pause for one moment. The committee will pause. We will pause for one moment. Members are responsible for unmuting themselves, unmuting themselves when they seek recognition or when recognized for their five minutes. Members in the hearing room are reminded to keep your microphones muted when youre not recognized. Second, for the members participating virtually, you must have your cameras on at all time. If you need to step away from the proceeding
Split. Well tell you why invesetors ae piling in today. Energy companies have shut in production we have the latest on the impact of tropical storms marco and laura. Power lunch starts right now thank you, tyler as you mentioned its shaping up to be another record breaking week on wall street. That means even more evidence mounting that stocks are getting pretty expensive bob is following the markets for us bob. Yes it is. Right now we have very light summer volume. We have fairly narrow trading range today. I like what i see and i like what i see for one particular reason for once its not all about Technology Stock it started out that way at the open but it quickly changed and investers decided maybe the tech stocks are too pricey afterall today were seeing Energy Stocks bank stocks out performing, even industrials out performing the Technology Sec tore. Thats a big change of pace for the last couple of weeks i want to show you something to give you an example of how it changed. Apple
Within minority communities toward the medical industry. Thank you to all of our witnesses and, of course, my colleagues for joining us. Todays reading is about the extraordinary effort underway to develop a vaccine to prevent covid19, safe and effective vaccine could hasten the end to this disastrous pandemic. But the herd immunity that would in covid19 once and for all requires all of us, all of us to get vaccinated. For that we need public trust in this entire vaccine project. Around the globe nearly 200 vaccine candidates are being developed and over 20 have entered human Clinical Trials. In the United States, five entered human Clinical Trials with large Clinical Trials that begins later this month. With a historic all hands on deck effort underway around the globe, the timeline to develop a vaccine may be compressed from several years down to just 12 or 18 months. However, moving with this amazing speedos not and must not allow for getting any corners. Today we will how we must p
Good morning, this hear is cool called to order. I want to welcome all the witnesses and thank you for your thoughtful, written testimony and looking forward to your oral tangherlini. Id ask my written Opening Statement be entered into the record. I want to make a couple comments. About really kind of what i want to see the goal of this hearing to be. Its similar to the the goal of every hearing is a base account problem solving process. This committee under my chairmanship developed a a Mission Statement to enhance the National Security of america to promote more effective and accountable government. The reason im pointing it out today is i cant think of a hearing that that Mission Statement is more applicable to. When we Start Talking about 5g were talking about the Economic Opportunity and the National Security risks. In order to take advantage of that and avoid the National Security risks. We need more effective government to step up to the plate to compete against what unfortunate
Test. Test. Test. Test. Test. Test. We have really good arms in aa and aaa. I agree we need to work on the supply chain. President trump signed an executive order on may 15th of this year to declare it a National Emergency to supply to protect our Domestic Communications technology and that will soon be followed by binding regulations later this year. I think we 100 agree with the idea of virtualization will be very important to allow the breakup of the propriety lockins that many providers have today. It could be very competitive with regard to some of the current providers. On the mid band point, under the tmobile sprint merger, theyre required to cover 97 of the u. S. Population and six years cover 99 of the u. S. Population. Theyre going to proceed on the 3. 5 gigahertz midband spectrum next summer. But the millimeter wave is going to be so important who are going to require throughput. Thats the kind of beauty of that technology, it doesnt go as far, but it has the greatest amount