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Specialists. Review the latest events any time at cspan. Org coronavirus. Now several directors from the National Institutes of health testified before a House Appropriations subcommittee on the president s 2021 budget request and the coronavirus outbreak. The subcommittee will come to order. Good morning, all. Dr. Collins welcome back to the labor hhs education appropriationless subcommittee. Let me also welcome all of you, the five institute and senate directors joining in this morning. Dr. Bianchi, director of the Eunice Kennedy sh rieber National Institute of child health and human develop...

Worst. Yep. Talking about the coronavirus. Which the needs now tells us cannot be contained. And thats really why the dow plunged another 879 points today. S p 3. 3 , and the nasdaq 2. 7 on top of yesterdays hideous losses the dow has now lost 1,911 points in a row. Thats a decline of 6. two days now, you dont need me to tell you that this is serious stuff, especially if the director of the National Center for immunization and respiratory diseases told us this afternoon to now expectist significant disruption in our lives. Instantly that became conventional wisdom, thats the reason we told off...

Who isnt . Who needs a miracle . Thats what it comes down to in the age of the coronavirus including today where the dow rebounded 1,167 points the s p surged 4. 9 . And the nasdaq pulled up 4. 95 based on the hope that federal government stimulus could offset the sudden slowdown were getting in the economy and beat the demand shock caused by the coronavirus. So how do you pick among the rubble now that were bouncing too you think the stimulus may be too little, too late . Which is the judgment i have heard all day. Some people are skeptical. First for all intents and purposes, the market is n...

Here are the numbers 1. 15 and 1. 4 yep, im talking about the plummeting yield on the benchmark tenyear treasury where you only get 1. 15 return. And 1. 4 thats the apparent rate of the dreaded coronavirus. At least thats what we think it is whi while bond yields keep falling, now 1. 4 number is much better than 2 number weve been worried about with the outbreak. Which along with the treasuries this very afternoon is why the market was able to rebound today. S skyrocketi skyrocketing 1,294 the s p 500 surnling 4. 6 . The nasdaq 4. 49 okay i dont want to be simplistic here but this market is ri...

Those who are joining this morning, doctor bianchi of the Eunice Kennedy Shriver Institute for child health and develop, almost as long as the subcommittee on health, education, Human Services and related agencies. Doctor Anthony Fauci of the National Institute of allergy and infectious diseases. Doctor gary gibbons, director of the National Heart, lung and Blood Institute. Doctor sharpless of the National Cancer institute. And doctor dora volkow, welcome to all of you. Leader hoyer asked me to you have the nih coming . And he said this is one of the most remarkable hearings we have, thank you...