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And that because your point on bonds. Right now we have the 10 year yield backing up six basis points on the week, up 14 basis points. The worst week for bonds going back to august. Bonds selling off. That pushes yields higher on the idea there is some kind of recovery happening around the stimulus. It is going to be interesting to see whether or not the 10 year yield can break out of this range. David we will have to watch that carefully. We knew the job numbers would not reflect all of the covid surge, but we did not expect them to be showing downward trend before the covid came roaring back. To take us through what the numbers may indicate we welcome douglas holtzeakin, president of American Action forum. He earlier served as director of the Congressional Budget Office as well as chief economist under president george w. Bush. Great to have you back with us. ....
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting ....
Primarily focus on the coronavirus and what another round of stimulation such could look like. This is about one hour. All right. Good afternoon. Thank you for joining us. My name is cliff johnson, the general manager here at bloomberg government. I am actually delighted to welcome you to a 2020 springhill watch event. Hopefully by now youve all the chance to take a look at the newest addition of rock biannual hell watch report that explores what to watch on capitol hill across more than 20 different policy areas and, of course, this report also examines the effect of covid19, the need for related relief legislation as was both parties agendas and plans for 2020. Today were incredibly excited to build upon of a reporting ts expert analysis through conversation with a key lawmaker that is senator john thune of south dakota who was shared with us today discuss the current state of affairs. You can participate in todays discussion on social media by using the hashtag bgov want to be sure ....
, and that is senator john thune of south dakota, who is here with us today to discuss the current state of affairs. You can participate in todays discussion on social media by using the hashtag bgovwatch to be sure to follow bgov on twitter. I do have a couple of housekeeping announcements just to get us to todays presentation. This is broadcast live and although we dont anticipate any technical issues, should you experience any streaming delays with audio, may be video quality, go ahead and refresh your browser. That should resolve the issue. This is also an interactive event. We want you to be a part of this conversation. Well have live calls going on and we look forward to you , submitting questions he would like to ask. Now, to ask a question, you will see a q a box to the lower righthand corner of your screen. Go ahead and type in your request and it will pop up in front of us. At the top right of your screen , you will see another box that says slides and polish. Polling. This i ....
Good afternoon. Thank you for joining us. My name is cliff johnson, the general manager and head of Government Affairs solutions here at Bloomberg Government. I am actually delighted to welcome you to a 2020 springhill watch event. Hopefully by now youve all the chance to take a look at the newest addition of our biannual hill watch report that explores what to watch on capitol hill across more than 20 different policy areas, and of course, this report also examines the effect of covid19, the need for related relief legislation as both parties agendas and plans for 2020. Today were incredibly excited to build upon of a reporting teams expert analysis through conversation with a key lawmaker, and that is senator john thune of south dakota, who is here with us today to discuss the current state of affairs. You can participate in todays discussion on social media by us ....