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More than 25 million confirmed cases of covid19 and more than 430,000 deaths across this country. Accounting for 25 of of the confirmed cases and 20 of deaths worldwide. While cases hospitalizations and deaths at have slightly decrd in the last few weeks, the numbers continued to be staggering. Now there is great concern of varied and more transmissible strains of the virus may become dominant over the coming weeks leading to a further worsening of the pandemic. Todays report comes as president Bidens Administration launches an aggressive effort to combat the pandemic and Congress Considers additional aid to bolster the Public Health response and jumpstart the economy. The future of Health Care Initiative released its first report of bipartisan pre ....
Joining us today. We are holding this hybrid hearing in compliance with House Resolution accordingly i am 965. 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. So 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 here in the hearing room also are reminded to keep your microphones muted when you are not recognized. Second, for the members participating virtually, you must have your cameras on at all times. If ....
Nasdaq declined. 82 there is only one thought. Good, they all got a chance to buy. Not long ago on days like this we say oh boy, i got to get out of here while it is getting good who knows what it is going to happen with this thing it is going to roll over now we often see pull backs like this as opportunities that are too precious to swander. How do we explain the new mindset . I think because we broken the tyranny of the indexers. When the fed says something positive or when we get solid employment number. Either way, we were in the throw to these big macro events. They control everything. Not anymore. These days macro does not matter very much. And etf buyers have stopped reacting to this stuff instead they react to the opportunity so when stocks come down, these people step up and actually start buying, make it much harder to have a hideous selloff you know what there is nothing new about this less lock steps opportunity mindset. This was the old new normal of the index funds 20 ye ....
Remind the members of a few procedures to endus navigate ther the help us navigate the terrain here. First, consistent with regulations, the committee will keep microphones muted. For those participating virtually to limit background noise. [inaudible conversations] well pause for one moment. [background sounds] members are responsible for unmuting themselves, unmuting themselves when they seek recognition or when recognized for their five minutes. Members here in the hearing room also are reminded to keep your microphones muted when you are not recognized. Second, for the members participating virtually, you must have your cameras on at all times. If you need to step away from the proceeding, please leave your camera on rather than logging9 out. Third, we will discuss pence with our practice of observing the gibbons rule and instead go in order of seniority for questioning,al for nateing between minority alternating between majority and minority. I thank you all [inaudible] a quick te ....