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 themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
Is dire. We are literally scouring the globe looking for medical supplies. Brennan President Trump is under pressure and under fire for continuing to send out confusing signals for the federal governments response. Reporter what do you say to americans who are watching you right now who are scared . I say that youre a terrible reporter, thats what i say. I think thats a very nasty question, and i think its a very bad signal that youre putting out to the American People. The American People are looking for answers, and theyre looking for hope. Brennan but is the president spreading false hope by promoting drugs that have not been proven to be effective in treating the coronavirus. May work, may not work. Smart guy. I feel good about it. Odonnell well have the income tax situation in the u. S. And around the world, as well as an update on whats likely to be the biggest economic bailout in history. Dr. Anthony fauci of the National Institutes of health, former f. D. A. Commissioner scott
Points at the s p. The dow up 72 points the nasdaq looking to be higher by 32 points in asia we saw a pull back from yesterdays gains off the china u. S. Trade truce hang seng is off just a fraction over in europe, european equities are mostly higher the dax is up by 0. 8 . Perhaps europe is still digesting the news that Christine Lagarde will head the ecb. The first woman to do so treasury yields fell back below 2 yesterday and remains there right now. 1. 895 the global story here, the benchmark german bund yield has fallen to a new record low, negative 0. 385 right now. It was negative 0. 4 earlier. The italian tenyear has gone from 2. 8 to 1. 7 in the space of about three weeks. Lagardes appointment seen not just in the german bund yield as not potential hawk, she will be more dovish, but someone who can operate politically and avoid a clash on the italian budget. Both appointments being European Commission president and ecb president being german and french shows the power brokers,
We will definitely win because together we are dmytros strength i thank you very, very nice that the crows approaching victory are their eyes radio engineering troops their shield anti Aircraft Missile troops their frog aviation the air forces of the armed forces of ukraine hold the sky above us and beat the occupier on the ground thank you defenders of the sky glory to the air forces of the armed forces of ukraine tell me honestly how you cant get rid of an obsessive thought, dont ignore it, but write it down in your mind. Com explain to the children the rules of behavior with changes so that they do not go to forests, fields, to rivers, battles have reached, do not enter destroyed buildings , do not approach mines and how will they see them, so that they do not touch them, return the same way , call 101, the only important thing on the air is this channel, we are ukraine with you lyudmila dobrovolska and oleg panyuka good evening and heres what well talk about in the next hour crimea
The country. Because we are weak, it always happens in world history, when a country is too weak, it begins to be eaten by some big country, we were weak, weak economically including, in order for our economy to grow, there is no other way, lower taxes, everyone must work in the legal field, the whole economy must be white, and after that, obviously, when you understand, that your taxes go to the right place, to the right use, when you have faith in this, you can increase them, which is what the authorities talked about in the end, because they understood that there really is no other way, yes, but when we dont have another, we actually , since we worked, the entire restaurant market has been working for decades, and there is nothing else, and obviously, when they tell us, wait for tax reduction, you will have a business woman, we understand now that a business woman is a bep, well, they showed us how we should behave now, otherwise no, and in fact, everything what happened, its just s