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Outbreak of covid19 has led to an unprecedented Public Health crisis and a dire economic crisis. We have lost over 110,000 people to the disease, and 40 million remain unemployed. Back in february as the band that it was worse, we knew we needed to take action to help our Small Businesses survive the economic downturn. We started working with the sba and governors around the country to leverage the sba disaster resources available. Can you please mute . Anyone should be muted. Everyone should be muted. As the virus continues to spread, or state and local governments began imposing stayathome o...

There are concerns over the pace of the recovery, the second wave of infections. Infections rising in 22 states across the u. S. The dow ended the session up 1. 9 . The s p 500 up 1. 3 . The s p futures, under pressure. Oil also falling with the 35 a barrel level. This is after crude posted its first weekly loss since late april. We have, as i mentioned, fears of a second wave of infections affecting the fragile recovery. Investors are awaiting the opecplus joint Technical Committee meeting this week. Lets see how things are shaping up for asian markets. Monday, fragility well. On view as asia...

Senior executives started trying to bring him down months before he was first attained. Governmenthong kong admits chinas security rules may not conform to longtime practices, but the Stock Exchange insist things will be better in the long run. I think this certainly creates a clarity and stability for us to move forward. Lets take a look at the monday morning markets. A tepid rebound after we had the biggest route in about 12 weeks on the back of that retailfueled surge we saw in valuations. This is what we are seeing when it comes to s p futures, down about 1 . Chicago nikkei futures also lo...

Jerome powells chairman testimony tomorrow what he will tell the House Financial Services committee. Just released a more upbeat tone than he was in his last appearance before congress. He is going to say the Second Quarter gdp is largest drop in history. The coronavirus was met with swift action, swift and Decisive Action by both congress and the Federal Reserve. He will say because of that action he believes longterm damage to the economy may have been limited. Now powell welcomes a bounceback in Economic Activity he has been seeing. He says though the path forward remains uncertainty and a ...

Welcome to order. Without objection the chair is authorized to declare a recess at any time. We welcome everyone to the subcommittees hearing. Ill begin by recognizing myself for an opening statement. Wed like to welcome our witness today, the honorable christopher wray, director of the federal bureau of investigation. Director wray has served in this role of august since 2017, overseeing an agency of over 35,000 people. Including special agents, intelligence analysts, language specialists, scientists, and Information Technology specialists. The 24 budget request for fbi salaries and expenses ...