Via the coronavirus, and there is not much of the fed chair can say. Coronavirus is making all the decisions on the economy. Weakersales coming in than expected, actually the weakest since april. The High Frequency we have seen since then suggest the economy is slowing even further into november. The problem of course is there is no help from the fiscal side in washington, no talks about any additional covert relief package. Getting to the end of the year, most of the cares act expires. So people are looking to the fed, particularly people in the markets. They are looking at the yield curve, which has steepened slightly, still under 1 on the 10year, but there is a feeling that if the fed wanted to do something they could start buying at the longer and, changing the weighted average maturity of their purchases. If they did that, push down on Interest Rates. There is a feeling they may do that in december to send a message that we cannot do a whole lot to stimulate the economy but we are
The committee will attempt to order. We are already having some technical problems. There we go. Thank you. Before i begin my Opening Statement this morning, i want to acknowledge the loss of congressman john lewis. The civil rights icon changed history. In 2015, i was honored to be among those who joined him in selma to commemorate the 50th anniversary of the bloody sunday march 2011. I send my deepest condolences to his family and loved ones. Todays hearing comes at a time when our nation is experiencing confluence of the Health Crisis economic depression series of killings laid bare the racial injustices in our country. Our focus today is on covid19 disproportionate impact on black and latino seniors as well as seniors from other racial and ethnic minority movies. According to the New York Times analysis black and latino residents are infected with the virus at three times the rate of their white neighbors and they are nearly twice as likely to die from covid19. The state of maine h
Will see the 2020 democratic ticket on stage, together for the very first time. What well do then is take you live to wilmington delaware where former Vice President joe biden will kickoff his campaign with his new president ial runningmate, as Vice President , california senator Kamala Harris each step of the way, what were going to do for you in this final hour is watch the markets, sectors, stocks, commodities for tick by tick reaction. Check it here markets in rally mode for the most instant reaction right now while its tempting to focus on the really huge jump for the nasdac look at this were up 235. Folks the index to watch is the s p. It is now within lets call it just under two points from its first record close since february, the number to watch, 3,386 were at 3,384 and change right now. All right, for months wall street has been gaming just who joe biden might pick as a runningmate and kind of fretting over you who the markets would react. Lets get to one of the top voices o
Statements, i want to acknowledge the loss over the weekend of congressman john lewis, a civil rights icon who changed history at great personal sacrifice. In 2015 i was honored to be among those who joined him in selma to commemorate the Fiftieth Anniversary of the blood sunday march which he led. I send my deepest condolences to his family and loved ones. Todays hearing comes at a time when our nation is experiencing the confluence of a health crisis, economic depression and a series of killing is that laid bare the Racial Injustice that still paints the country. Our focus is on covid19s disproportionate impact on black and latino seniors. As well as seniors from other racial and ethnic minority communities, black and latino residents are infected with a virus, nearly twice as likely to die from covid19. The state of maine has the worst Racial Disparity in covid19 cases in the country, also comprise less then 2 of maines population, they account for approximately 23 of all cases, lik
Points based upon . They were so this is not in the Public Record and i cant comment too deeply but what is the areas that weve consistently talked to talked about in public is cooperation on supporting a reform agenda, anticorruption efforts and helping president zelensky implement his plans to end russias war against ukraine. In other words, theyre based on official u. S. Policy . Correct. And is there a process to determine official u. S. Policy . Yes. My job is to coordinate u. S. Policy so throughout the preceding year that i had been on staff i had undertaken an effort to make sure we had a cohesive and coherent u. S. Policy. As you listened to the call did you observe whether President Trump was following the talking points based on the official u. S. Policy . Counsel, the president could choose to use the talking points or not. Hes the president , but they were not consistent with what i provided, yes. Lets take a look at a couple of excerpts from this call. Right after preside