Color, irrespective of party affiliation. We are one america. And lets try to act that way. And i close this briefing. Thank you. As that herring comes to a close, lawmakers discussing how the Veterans Affairs department, this is a live hearing getting under way now on cspan 3. If covid19 turned into a pandemic and portions of the United States Health Care System broke down the va may need to come back and ask for additional funds and since then congress has appropriated 17. 2 billion for vhas covid19 Pandemic Response and i was glad to help advocate for that funding. Now im not sure that many of us here on the dais know what to expect during that february hearing nor did we fully grasp the enormity of the Public Health challenges americans would soon face from the pandemic. This is largely because the administration failed to recognize these risks and communicate them to the American Public in advance of the crisis. Here we are a little more than three months later and exactly 90 days
Washington today, we are holding this hearing virtually in compliance with the regulations for Remote Committee proceedings pursuant to House Resolution 965. Remote hearings certainly are not the same as sitting together in our Committee Room and you should know. The new authority has allowed us to continue to do our work a behalf of the American People, while keeping our staff, families and broader communities this is the First Official Virtual Committee hearing in the United States house of representatives. As we begin this historic proceeding, i want to underscore that i plan to continue this committees long tradition of collegia collegiality and substantive debate even as we conduct our business from afar. I will continue to work with Ranking Member and his staff to make sure that all Ranking Members are respected in the knew virtual format. Before we turn to todays important topic, i want to remind members of a few procedures to help us all navigate this new platform. First, consi
Economy remain strong. The unplanned rate has been near halfcentury lows for more than a year. Job gains solid in wages have been rising. These strong labor Market Conditions have underpinned solid household spending, which has been the key driver of Economic Growth over the past year. Fomc meetingf our in january, prospects for growth remain favorable. Judge that monitoring policy was wellpositioned to support that outlook. Since then, the spread of the coronavirus has brought challenges and risks. The virus has afflicted many communities around the world and our thoughts and prayers go out to those who have been harmed. The art break has disrupted Economic Activity in many countries and has prompted movement in Financial Markets. To virus and measures contain will weigh on Economic Activity, both here and abroad for some time. We are seeing effects on tourism and travel industries and hearing concerns from industries that rely on Global Supply chains. The magnitude and persistence of
Phil flynn has his eye on oil and gold at cme. Hillary vaughn is live in dallas today at a google roundtable event. Gerri to you first on the rollercoaster session. Reporter wow, wow. You said it at one point during the day we dropped 336 point on the dow the within that hour we turned green. Maybe expectation after rate cut, maybe two by the end of the year. Traders like that idea even though the Services Sector appeared anemic here. Dow, one week. We were down 840 points combined tuesday an wednesday. Now we are in the green today. But on the week, the dow is down more than 2 . S p down more than 2 . Nasdaq down 1 . We have got a ways to go to see our way through this thicket. Dow laggards this week, 3m, one of the industrials stocks getting killed bit manufacturing report earlier in the week. Price target cut by barclays and credit suisse. Bad news for 3m. Theyre down 5. 63 . Caterpillar same story. Industrial stock getting hammered by this bat news on manufacturing. Goldman sachs,
Im greg mathis, policy advisor to senator mark warner. Thank you for joining us for the Cyber Security caucus. As many of you know senator warner along with senator gardner started the Bipartisan Task force. And so hell be here to give a presentation to talk about this important topic as well as we have the ceo of dhi. Without further ado i let the first presentation get started. I very rarely give talks that are standing room only so really appreciate your interest today. As greg mentioned im robert lord, cofounder, president and chief Strategy Officer of protenus, and also a fellow at new america cybersecurity policy program. While a lot of information today im presenting comes from research weve done at protenus and some of the work we are currently building at new america on the speaking on behalf of either of those organizations today. Just talking from my experience and providing perspective on the challenges that we see in this space i guess to contextualize this because sometim