The spread of the 2019 novel coronavirus. The Vanderbilt University medical centers denison like this one of the top 20 labs in the world and is studying this disease. For over 25 years they received federal grants for the research into how these viruses make us sick, and they are currently helping with the development of treatment, antivirals, and vaccines to deal with coronaviruses, and especially the covid19. And i am just so pleased with the progress that their making, today i wantt to draw attention to a threat that has again been highlighted because of this coronavirus outbreak. Pharmaceuticals are no different from other products in that they are usually manufactured in pieces. The active ingredients in one place, and the inactive ingredients in another place, and so on. Currently, only 28 of the facilities producing active pharmaceutical a ingredients, ad you will hear these refer to by the acronym, api, only 28 of the facilities producing these apis are in the United States. T
Continues on a global scale. A worldwide their market, the 11 year bull run here is over. The dow is heading to the 22,000 level. A month ago it was 29,000. It is the fastest selloff in history. The s p will hit bear market territory at the open today, down 20 from the february high, the same story with the nasdaq. More money is still moving into safe treasury securities pushing the yield down to 0. 69 as of right now. The latest news on the virus brings its impact home to all of us. Sport dramatically affected. The nba has suspended the season indefinitely. A few days ago they banned reporters from locker rooms. Now the whole sport is shutdown. The Seattle Mariners will not be playing any home games. The early baseball season is in question. There will be an announcement later on the nhl. Social distancing is apparent across the country. You can see it and businesses are feeling it. Theres a long list of conference and meeting cancellations that is barely hurting airlines, hotels and
The subcommittee will come to order. Welcome to our first Budget Hearing of the Senate Appropriations subcommittee on Congress Justice in science, and related agencies for this fiscal year, 2021. We have the honor of hearing from secretary of commerce, wilbur ross about the president s for the department of commerce. Welcome secretary ross for your appearance. We look forward to hearing from you this morning. As we, know the department of commerce executes a broad range of critical activities for our nation, things that are important to every american, things that are important to us as members of the senate, and issues that we care a lot about. Research and development, Cutting Edge Technology for predicting the weather, increasing trade and investment, recruiting businesses to our communities. The census has been an essential component of the departments business for the last several years. The president s request is eight billion dollars, 6. 7 billion below the fy 20 enacted level,
Secretary wilbur ross on budgetnt trumps 2021 request and he talks about the 2020 census, space commerce and trade relations. Held by a subcommittee, this is two hours. Sen. Moran good morning, everyone. The subcommittee will come to order. Welcome to our first Budget Hearing on commerce, justice, and science and related agencies for this fiscal year 2021. Today, we have the honor of hearing from secretary of commerce wilbur ross about the president s fy 21 Funding Priorities for the department of commerce. Welcome, secretary ross. Thank you for your appearance. We look forward to hearing from you this morning. The department of commerce executes a broad range of activities for our nation, things that are important to every american. Range of critical activities for our issues that we care a lot about. Research and development, cuttingedge technology, predicting the weather, increasing trade and investment, recruiting businesses to our communities. A componentas been of the departments
Including some turtles. Thats right. Your tax dollars actually paid for a study that put turtles on treadmills. So here we have our turtles on a treadmill. To no ones surprise, it turns out that turtles are really, really slow. Okay. Thats what our tax dollars went to. In fact, this wasteful study found that turtles moved at nearly the same pace as dead turtles on a treadmill. Arent you glad that washington bureaucrats used your hard earned dollars to conduct this study . Good grief, folks. Now how many of your tax dollars went to this study exactly . Well, folks, your guess is actually as good as mine because there is no legal obligation for most federal agencies to publicly disclose the price of government projects even though the american taxpayers are paying for them. Folks, this is your money, your money. So shouldnt you have a right to know how it is being spent . Its been said before, and i sure believe it, government functions best when it operates in the open. This is the basi