Recognized by the chair. Members are also reminded that they are responsible for muting and on muting themselves and to commute to themselves after they finished speaking. Consistent with the regulations accompanying House Resolution 965 will only mute members and witnesses as appropriate. When not recognized for inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the hearing. This hearing is entitled insuring against a pandemic challenges and solutions for policies and i now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Million People could enter a state of extreme poverty do that to the Global Economic contraction and here in the united states, 67 Million People filed for Unemployment Insurance since march of this year. The harmful effects of this pandemic are the stability of Small Businesses like restaurants cannot be overstated. Thereve been li
Their video functions on at all times even when they are not recognized by e chair. Members are also reminded tha they are responsible for muting and on muting themselves and to commute to themselves after ty finishedpeaking. Constent with the regulations accompanying House Resolution 965 will only mute members and witnesses as appropriate. When not recognized for inadvertent background noise. Members are rinded that our house rules relatin to the order andhe decorum of the hearing. This hearing is entitled insuringgainst a pandemic challenges and solutions for policiesnd i now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 million ople could enter a state of extreme poverty do that tohe global econoc contraction and here in the United States, 67 Million People filed for Unemployment Insurance since march of this year. The harmfu effects of this pandemic are the stability of small bunesses like restaurants can
Good morning welcome to squawk box. Im becky quick with Andrew Ross Sorkin and joe kernen. Welcome back both of you some big moves we are looking at today. Lets look where things stand with the markets dow futures are off by 34. The big news is happening with technology stocks. Down 343 points. Thats big you are talking 3 of the market or 3 decline for the index. Thats a big deal when you look at what happened last week on thursday, nasdaq was off 5 on friday, another one and a quarter percent. You are taurking 6 and a quarter decline. Because of what is happening with the biggest stocks in that. Tesla indicated down 11 in the premarket Asml Holdings down nvidia down advanced microoff off 4 . Those that have boosted that weve seen selling off today you are still looking with these declines at a market at higher levels weve run up quickly and we are seeing it now joe. Watching it head higher watching it ever day, we are like this tech stuff is insane benefitting from what we are all liv
Here. Is really a celebration of a brilliant, timely new book and a time for us to have a really important discussion about what is going on in the critical region of the world. And of course the start of todays performance is the author of that great new book, scholar of contemporary asia he is distinguished fellow here at hoover pretties also a great friend, mishas really wonderful for us to be with you and sold by this tremendously book. The book is asias new geopolitics. The book is an important book at an important time about the reshaping that is going on across the indo pacific region. Michael is also the author of another tremendous book right behind here, called the end of the age of the century. Michael is one of the most prolific analysts on what is going on the region. If youve not already done it, set up a google alert for whenever michaels essays are published, you get them right away. So also the hopes of a wonderful podcast he does with sean view on the pacific century.
Carafano of the heritage foundation. Colonel, great to see you. The president is on a Conference Call to get this oil deal done. Your reaction to that story as we await for the presser . I think one of the Untold Stories about the whole Covid Response has been the u. S. As a global leader. Were so focused on the domestic story. Were so focused what china is doing around the world that china is absent and were not. This is one of the instance United States holding back, Holding World Health Organization accountable. Tremendous work weve done with other countries own development and cdc and everybody else. U. S. Is still the global leader. Im glad we have Something Like this to remind people of that. Elizabeth i want to move to jobless claims. This is a story of reopening. The American People want to know the plan Going Forward from reopening economy. Were different from europe. Entire nations shut down. They can make the call to reopen. We operate on a 50 state model. Here is the proble