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Treasury secretary and Federal Reserve chair paul testified on the federal governments response to the corona virus pandemic. Including the impact of the Paycheck Protection Program on Small Businesses. From the House Financial Services committee, this is two hours. [inaudible conversations] [inaudible] including some required by the regulations. [inaudible] Remote Committee proceedings. Ive asked all members on the platform to keep themselves on me what when they are not being recognized. This ...

From the House Financial Services committee, this is two hours. [inaudible conversations] [inaudible] including some required by the regulations. [inaudible] Remote Committee proceedings. Ive asked all members on the platform to keep themselves on me what when they are not being recognized. This will minimize disturbances while members are asking questions of the witnesses. Members on the platform are responsible for muting and on muting themselves. The staff has been instructed not t to meet it...

The committee will come to order. The church is authorized to declare at any time. Before we begin todays hearing, remind members of a few matters including some by the regulations Accompanying Health resolution 965 which established framework for Remote Committee proceedings. First, ask members to keep themselves muted and they are not being recognized. This will minimize disturbances while numbers are asking questions about witnesses. That is been instructed not to meet members expect except t...

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About with joe, andrew and becky and the degree to which walmart can post a 74 increase in ecommerce it looks like the big guys won. You basically had them cordoned off as essential services. So many other companies, little companies, medium, small, just couldnt compete this is what happens when you have a survival of the fittest economy. This is darrwin playing out. These numbers are astounding if the stock had not run up every day, i wouldnt know what to do. Add back 60 cents for home depot an...

We will receive testimony from the secretary of the check treasury as required under title iv of the cares act congress has appropriated 3 trillion to protect to fight the pandemic and to stabilize the infrastructure of our economic system. A large portion of this funding is from the title iv of the cares act which has significant resources for loans and loan guarantees and other investments from the Federal Reserve with the emergency lending facilities in the states and municipalities and tribe...

To disneys streaming kit abilities. Disney is down 1. 7 now. Guy here in europe, it is unsurprising we are seeing a reversal. Marketse peripheral really taking it on the chin after the rally we saw yesterday. The stoxx 600 down 0. 8 . Byrids overbite is down over 3 . You are continuing to see a bid on btps, which is fascinating. Massive move yesterday on the plan announced out of paris and berlin come up in chile to allow burden sharing in europe. A huge rise about in jobless and the u. K. That ...

Massive local tax increases. Anyone of those alone threatens to make this economic crisis even worse and the combination of all three is almost unthinkable. The bureau of labor statistics just reported that state and local governments laid off nearly one million workers in april. That is almost one million firefighters, police officers, teachers, Emergency Personnel that should be on the front lines of the Public Health crisis but are sidelined instead. Chairman powell, let me start by asking, d...

To this virtual hearing the honorable steven mnuchin, secretary of the department of treasury and the honorable jerome powell, chairman of the board of governors of the Federal Reserve system. We will receive testimony from the secretary of the treasury and the chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A la...

We will receive testimony from the secretary of the treasury and e chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A large portion of this funding is authorized under title iv of the cares act which provides resources for loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergen...