Own microphones pretty please keep your microphones muted. Especially love your family dogs, finally, members of documents on which to submit to the record. Address are circulating prior to the steering. Welcome to the First Virtual hearing on investigation of oversight. Today critical issue. Repurposed income existing therapeutic drugs of the covid19 treatment. As well as the scientific basis of the evaluation of such drugs. Appreciate our witnesses being here. These are very important issues and we look forward to addressing these. One of humanitys most promising Public Health response the current pandemic. Repurposed sing existing therapeutic drugs for the covid19. Repurposed sing existing therapeutics and that these drugs have already been developed and manufactured read in some cases quickly accessed. And been approved to treat these diseases and certain amount of safety data is often. [inaudible]. Existing therapeutics, potentially offer an occult assistance for severely ill pati
Losses the university of michigan warning of a billion dollar hit from the pandemic. Their president will join us kelly. Stocks are lower coming off two straight weeks of losses lets get to bob for more on the selling today. Modest rally in the last hour s p is comfortably over 2800 again. Two issues weighing on the markets. I think a lot of investors surprised by warren buffet not so much buying the realizizati realization tha slower than people anticipated restaurant stocks all down dave and busters, dennys. You can see theres less optimism it will go so well in the restaurant stocks today. Mr. Buffet getti inting out of positions didnt help at all all down 3 or 4 the leadership out there on the plus side, wfh the work from home stocks have done so well the wall greens walmarts have all done so well a little bit of, i think optimism that the Energy Stocks are continuing to holdup well. Weak open but a lot of the big names in positive territory. Refiners Like Marathon Petroleum and th
Marketing your money. Plus as mentioned, we are waiting, to hear from the white house. First the briefing from the press secretary in over a year a used to be a daily occurrence. We will take you there live when that begins. There is a shot up and theres the podium and the press secretary Briefing Room. Millions of workers around the world marking mayday today with protest, not only for the working conditions but for relief on things like rent as the Unemployment Rate skyrockets. We will have a live report, all that and a lot more coming up on making money. Cheryl wall street suffering a deep selloff as we await, we have the wide picture right there, theres the Briefing Room at the white house, the first formal press briefing that weve had, more than a year, 2 00 p. M. Eastern time, the good old days. This is her second week on the job, the press secretary expected to take questions obviously on the coronavirus outbreak and President Trump threatening the use of tariffs against china.
Come friday, thats mayday, with spring weather, getting out of the house and back to work will surely take another step forward. Look at this. Investors love it. We know we are in the middle of a seriously shrinking economy but back to work means a way out of the mess. Top officials including the president and the treasury secretary expect a vigorous recovery later this year. And soon, we will see the Financial Statements from the allimportant big tech companies. Investors are expecting solid results and that, too, is helping the overall market. Heres the big negative of the day. The tumbling price of oil. We dropped to 10 a barrel. Now we are at 11. 87. At the moment, its not hurting the stock market, but the possibility of going back to a zero price or a negative price as we did two weeks ago, that is still on the table. Gas, yep, keeps on falling. Not quite quickly enough, maybe. 1. 76 is your National Average. Wisconsin still the cheapest. The average price today actually went up i
Today were seeing that loosen up. We really see a world where the founder was my guest a few there are managed liquidity or weeks ago. The companys stock priced at 39 cash programs. Companies need to manage that. Above expectation and rose we think that technology and global relationships help them steadily throughout the day. Manage that. Silicon Valley Companies are for a company like peloton marching toward ipo even as we before it files to go public, worry about the days ahead. When we hear theyre about to go public, its because katie roof we have the ceo of forge, which wrote about it in the wall allows employees of private companies to sell shares before street journal. The company goes public. But youve got access to data in these companies, buying, and selling and pricing. Is there some sort of lets start with this idea of information in what youre able these companies that are not yet public that are so big. To see doesnt have to be give me a list. Peloton, in any company in w