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Meeting to order at this time and i would like to, if i may, give just a brief overview of what you can expect. We called the meeting to order that would have been an Opening Statement of the chair and Ranking Member, Opening Statements from chairwoman waters and are witnesses will give their Opening Statement and then we will have q and a of witnesses and adjournments. The title of todays hearing is protecting homeowners during the pandemic oversight of Mortgage Services implementations of the cares act. Without objection the cares authorized to declare a recess of the subcommittee at any time. Also without objection members of the committee who are not members of the subcommittee may participate i ....
Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the ....
Be worrisome. Arestors seems that they looking to a lot this great Second Quarter in, david. David the consumer board came out with good numbers on positive consumer confidence. We are going to get fedex after the bell today. What are we looking for . Abigail relative to the earnings, micron put up a Strong Quarter and boosted the outlook carrying the outlook boosted the outlook. That wasto the quarter a stunning quarter, i wonder break it down. 18 this quarter. The best quarter since 1998. Treasuries after a huge quarter in the First Quarter relatively flat, but where we saw huge gains, investment credit, highyield credit, this of course on that fed support buying outright Corporate Bonds and those etfs. Gold having a strong day. Not just today but it was the quart ....
President announcing an executive order, steps, and incentives. Without objection the chair is authorized to declare recess at any time. Two, thee 11 clause adopting of an amendment for which the yeas and nays are recorded. We havent you militarize and distribution list dedicated to circulating amendments. Exhibit motions and other written materials members may want to offer as part of the hearing. If you would like to submit material submi them to the email address submitted to your offices and we will circulate them as quickly as we can. I would ask members in person and remotely to mute your microphones when you are not speaking. This will prevent feedback and technical issues. You may unmute yourself when you seek recognition. Before we begin, i want to note the passing of the beloved wife of our colleague jim sensenbrenner. She was a tireless advocate for people with disabilities. She was a loving companion for 43 years. I know i speak for everyone on the committee in offering our ....
Rep. Nadler without objection, the chair is authorized to declare recess at any time. It says that meetings in which individuals assemble for various reasons of the country in large numbers with appropriate social distancing is difficult to maintain. One critical means to reduce a mess. K is to wear not only does it protect you from getting sick from the deadly virus, helps protect the other people in this room from getting sick. After this is over, we will go home to our loved ones. Wearing a mask helps prevent them from serious illness as well. I have the duty to maintain order and a quorum in our proceedings as chairman, which includes making sure we conduct our business in a safe manner. In light of the new guidance, i fully expect all members on both sides of the aisle to wear a mask at all times if youre not speaking. If youre not willing to wear a mask, house rules allow you to participate remotely from your Office Without ....