Came on our air and said they were bullish, in part because everyone is so bearish each one took turns explaining how those bears would turn into bulls, propelling stocks higher. Buy, buy, buy. Just one little problem when one strategist says everyones bearish, thats a listen up moment when two strategists say everyones bearish, you might get a little suspicious. When three bigshot strategists say everyone is bearish, you got to figure the consensus is wrong. We dont have too many bears we have too many bulls and maybe thats why the averages rolled over today with the dow tumbling 317 points, s p sinking 1 , and, by the way, things were a lot uglier for the dow in the early afternoon you see when most investors are bullish it means there is no one left to buy. They have plenty of facts on their sides. Everything from low Interest Rates, massive earnings, liquidity, i would let any of them manage my money if i were allowed to have money managed. Unfortunately, these positives have a whi
Noise. Members are responsible for on muting themselves when they wish to seek recognition. Somebody is not muted right now. Can you check to see if you are muted . Required tobers are leave their cameras on the entire time they are in official proceedings, even if they step away from the camera. Hearing, theremote Committee Chair is officially closed. Members who sit with their devices in the room must wear headphones to avoid feedback, echoes, and distortion resulting from more than one person on the platform sitting in the same room. Use are also expected to social distancing guidelines including the use of masks, gloves, and wiping down the area in the hearing room. Questions, if the witness is also in the hearing room, it would help if you mute while the answer is taking place , because the answer is picked up by your mike and that echoes back and there is usually distortion. The rollcall is not necessary to establish a quorum in official proceedings conducted remotely. When there
Todays hearing on had committee of Small Business and entrepreneurship will come to order, and i want to thank everyone for joining us here today. I want to thank you both for being here though far away. And all the members for being here today. This is our first opportunity to hear from both of you about the enactment of the cares act in particular as it applies to Small Business. The cares act is landmark legislation. In less than 2 Weeks Congress passed the largest Economic Relief package in our nations history. And now after the passage of two further reforms the Paycheck Protection Program is the largest component of the Economic Relief enact by the cares act. Opthat point i just want to say a couple of things. First of all, it was the extraordinary work of many people, staff, of course worked tirelessly to make this possible. The partnership we had from both the sba and the treasury was extraordinary. Members on this committee, every single one participated. Obviously the leaders
Washington journal program. Go through our social media feed. Cspan, created by americas Cable Television companies as a Public Service and brought to you today by your television provider. Cherry treasury secretary Stephen Mnuchin and carranza testified on the implementation of the cares act corona virus relief law. The Small Business Committee Members asked about the rollout and the effectiveness of the Paycheck Protection Program referred to as ppp. [inaudible] todays hearing on this committee on Small Business and entrepreneurship will come to order and i want to thank everyone for joining us here today and welcome both secretary mnuchin and administrator carranza. Thank you for being here so far away and all the members for being here today. This is our first opportunity to hear from both of you about the enactment of the cares act as it applies to Small Business. The cares act as landmark legislation and less than two Weeks Congress passed the largest Economic Relief ka package i
Competitive after the crisis. Adidas at a standstill saying refuse news are severely impacted by the closing. Well have a better view after may when we see the progress in germany. Boj launches an unprecedented expansion of the boq in a move that sends asian equities higher and sets the stage for the fed and ecb meetings later this week uk Prime Minister Boris Johnson returns to work to lay out a plan to lift the lockdown. Spain lets children outside and france looks to approve its exit plan in parliament. Very warm welcome to street signs. You can see were outside downing street awaiting Boris Johnson, whos returning to work after recovering from the coronavirus. Well bring you the Prime Ministers comments as soon as they come in. Meanwhile, lets get a check of european markets. Were off to a roaring start the stoxx 600 rallying in the first hour of the session. Last week we saw a modest retreat and just about 1 lower. This week focus firmly turning towards the reopening of the europe