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Very much with us. Is greg joining us davis. I want to push you into a realm of speculation about the president or google hope he has a speedy recovery along with the first lady walk me through how you processed this. Ultimately, how soon will we actually got some simple therapeutics and when will a vaccine be available and how will that translate into the economy and allowing businesses to get back to usual. Do you thinkt about the degree to which consumers will engage or disengage in the coming months, given what is playing out in europe and the spark spike in the United States . Gereg when we start to see start to see effective vaccines, you will see a broader reopening of the economy not just in the u. S. But until people get back to facetoface activity and trash traveling and leisure and hospitality, it will be a drag on the economy. We still think the recovery will be relatively slow here when you think about the implementati ....
[ gavel ] and i guess the the subcommittee will come to order. Without objection the chairs authorized to declare recess of the subcommittee at any time without objection. Members of the full committee not on the subcommittee authorized to participate in todays hearing. So long as they participate virtually and will be recognized after members of the subcommittee are recognized. Members who are participating via webex platform reminded to keep video function on at all times even if not recognized by the chair. Members participated by webex platform also reminded they are responsible for muting and unmuting themselves. And they should mute themselves both before and after the time that they are allotted. But in addition to that, consistent with regulations, the company and accompanies each res 965, staff will also be muting members when they are not recognized. Members are reminded that all house rules relating to order in decorum apply to this hybrid hearing. In addition, the chair inf ....
Half a dozen fed officials speaking today as the growing rate debate simmers. Speaking of the fed, two perfect guests, both officials who served on the fom, Sarah Bloom Raskin, coming up before the close today. Joining us final hour of trade, josh, nice to see you. Happy to be back, sara. 212 point rally here. Are you buying into it i think whats interesting, the answer is yes. I think whats interesting weve done nothing, given headlines, back to early august, essentially flat im not suggesting thats a bad thing. In fact, bulls would say look how much is thrown at the market in the form of tweets and deals and nondeals and fed volatility. In the meantime, yields havent even stabilized. Yet were still hanging in at these levels i think whats important, give the edge to the bulls. Weve been testing resistance in this range the upper side of this range, more than weve been testing support. So slight edge to the bulls. You look at ....
Presented and quorum is present. And can you call the next item. Thank you item number 2, communications. We welcome the publics participation. During Public Comment period. There will be an opportunity for general Public Comment at the meeting after closed session and an opportunity to comment on each discussion or action item on the agenda. Each comment is limited to 2 minutes. Public comment will be take place be inperson and remotely by call in. For each item the board will take the comments from people inperson and during the Public Comment time is available by calling. Public comment callin 4156550001 access code 2663 414 9768 when connected hear the meeting discussions but will be muted and listening mode added to the speaker line. Best practices are to call from a quiet location, speak clearly and slowly, and tur ....
Shanghai composite was down by three quarters of a percentage point. In europe, some early trading there, at this hour the bulls have their way the dax is up by 0. 6 . The cac is up almost by 1 the ftse up by 0. 4 . If you look at crude oil prices, crude was up yesterday settled above 46, this morning at 45. 87 big developing story. Londons fire commissioner says theres been a flub of fatalities in a fire that broke out overnight in a high rise apartment. Fire fighters still working to put out that blaze which quickly engulfed the 27Story Building in london. Londons mayor says question also have to be answered over the safety of those towers some residents in the building say they had been advised to stay inside in the event of a fire in another part of the building so no smoke alarms or sprinkler systems set up the fire took place on the fourth floor and spread rapidly. Someone wanted to close it down years ago this building yeah ....