sec. pompeo: sec. pompeo: good morning. it has been 128 days since a chinese doctor shared information on the internet about a patient with a sars like virus. her colleague shared the doctors report online with medical colleagues. the next day, regional health officials in wuhan the next day, regional health officials in wuhan indicated they were treating dozens of patients with an unknown viral pneumonia. within days, chinese officials detained the doctor and seven others for spreading false statements on the internet. china saw that it had an emerging public health crisis on its hands. they knew. china could have prevented the deaths of hundreds of thousands of people worldwide. they had a choice. but instead china covered up the outbreak in wuhan. china covered up the outbreak in wuhan. the national health commission ordered virus samples destroyed. brave chinesered citizens who raised alarms and deployed its propaganda organs to denounce those who called for simple transparency. that brings us to today. china is still r

sec. mcenany: good afternoon. today marks the 75th anniversary of v-e day, a triumphant milestone in our nations history and world history. 75 years ago today our brave , american forces defeated fascism in europe and through the selfless devotion of thousands of patriots, they saved the world. over 180,000 americans gave their lives in the european theater during world war ii. and i want to take just a moment to honor their service and their sacrifice. thank you to all of our veterans. you are truly, truly our heroes. now, as i move to my next subject, i want to begin by saying this. look, our rank and file men and women at the f.b.i. are heroes in their own right. they protect this country from domestic crime, and we thank them for their service. they work hard and once again, we owe them a debt of gratitude. but that is separate and apart from what i am about to address right now. the f.b.i. exists to investigate crimes, but in the case of lieutenant general michael flynn, it appears th

sec. esper: that no part -- point did the id did an active -- do an active slowdown. they improved capacity to make sure we had sufficient testing, and said repeatedly never did they departmentwide standdown. they have the guidance from us come medical resources, professionals. they adopted it based on their situation. they train in different parts of the country. they have a different force flow ", so they were able to adapt it to their unique situation. michael: why we -- while we think about the places people are concentrated the most -- we know the teddy aircraft air cap the -- aircraft has been in the news, are there other ships affected and do you anticipate staying ahead of that problem, or do the ships hold a special place in your concern given the proximity of the sailors on board? sec. esper: statistics show the safest place to be is on a deployed navy ship as opposed to one that is on port. the teddy roosevelt has been affected. the second was the uss kidd. we are not sure where

sec. mnuchin: that is a matter of policy, and i don't comment on future sanctions, nor do i comment on specific sanctions on specific companies, although i we discuss on and interagency basis. i worked very closely with andssador lighthizer, forced technology transfer is a major issue we have been combating. fair, but we have heard officials of both administrations for two decades talk about agreements that are eventually going to happen, and they almost never do. ambassador lighthizer has been a bit of a pit bull on this piece of it, but discussing it in the interagency process isn't really the same as pushing to help state-based backers understand that this has real consequences. i am glad it is a topic for discussion, but i would just say ,n the intelligence community oversight in the legislature, this is an increasingly bipartisan issue that republicans and democrats believe it is important to be holding these faux private sector companies in china to account, and show that we mean it,

sec. pompeo: good morning, everyone. this morning, early, i had the chance to drive through arlington cemetery. as we approach memorial day weekend, i want to reflect o sec. pompeo: good morning, everyone. this morning, early, i had the chance to drive through arlington cemetery. as we approach memorial day weekend, i want to reflect on the sacrifices of our uniformed military who have given their lives for the cause of freedom. as a veteran, i spend all my days working to use diplomatic power to secure freedom without putting service members in harm's way. and i want to thank the family members who have lost loved ones in their service to our country. from lexington to valley forge to all the other fields of battle, i would like to thank them. i want to begin with a few observations on china. because the media's focused on the current pandemic, it risks missing the bigger picture of the challenges presented by the chinese communist party. china has because the media's focused on the current pandemic, it risks missing th

sec. esper: well we do not have hard data with regard to recruiting. for a period of weeks, each of the services went to virtual recruiting and they told me the pace has maintained. we will see. it has only been several weeks. on the backside, we have equally anecdotal information. we have had those that have asked to stay on board because they like what they are doing or the economic downturn has shown folks there is greater job opportunity, greater job security in the military. we will see how that plays around, month by month, day by day. that is why we stepped back to reset basic training. we know that may, june, july are big graduation months. we want to make sure the forces absorbo observe those -- as many young men and women in as we can. michael: thank you. on the issue of training, i know that this is very complicated because, my sense, and correct me if i'm wrong, and there might be an anecdote or two about how training has been affected, but my sense is small unit training conti

sec. wolf: you hit on an important point. dhs, economic security is homeland security parties -- security. of keeping that economic engine moving every day, whether it is our transportation, keeping aviation systems going, whether it is the coast guard, 90% of what comes into the country comes or waterways, making sure we keep those open, save, and secure. borders safe. there is a lot of department does. too often, we talk about the department's mission. a lot of what we do in a covid-19 environment is in economic security, making sure we can keep the economy running and get the economy back up and running as we come out of this pandemic pie to answer your whation, there is a lot the department does responding to covid. fullgency is leading the response and coordinating that response. they are doing that out of the coordination center. they have departments working with them hand-in-hand. a lot of expertise are there. they have seven or eight .ifferent passports within they have different

sec. esper: on the first part, i will say this much. a theory is they could have picked it up on a counter drug mission where they pulled over a vessel possibly carrying drugs and boarded the vessel and may have come in contact with someone carrying the virus. that's all there is to that story. the ship is back in port, sailors are being taken care of, and all proper protocols are being taken care of. >> the protocols -- the navy has instituted a series of protocols that are quite strict. they include isolation and quarantine prior to embarking on the ship for 14 days minimum. in at least one case, 21 days. in addition, they do testing and screening and so on. perfect is never something we would say is going to happen in every single case, but i am confident the navy has instituted rigorous protocols to protect the sailors as they embark. phil.will go to fil >> thanks. spoke youlast time we said there was nothing conclusive indicating whether the coronavirus emerged from this lab in wuhan.

sec. mnuchin: what i've said is every commitment we have made is listed on the website. every term sheet. >> every dollar has been posted on the website. that's what i heard. sec. mnuchin: within the cares act with the fed when we do individual transactions through them, they are listed. >> i look forwarto seeing that list. i am going to go online and search it, because i'm going to tell you that as much transparency as you said is with this program as a senator from , montana and a member of the banking committee, am not seeing any of it. i'm seeing general numbers. i'm not seeing any of it. we will deal with that at a later date. chairman powell, i have a question for you. $3 trillion has been put out. can you give me an idea how many dollars because of the leveraging the fed has used has been infused in the economy? chairman powell: senator, the big facilities to which the equity has been committed are really just coming online. it is all ahead of us. we have taken some time to set thes

sec. pompeo: thank you. everybody have a great day and a wonderful memorial day weekend to you. >> [indiscernible] tonight, testimony from epa administrator andrew wheeler on his agency's role during the coronavirus and future priorities. see it at 9 p.m. eastern on c-span. ♪ >> the presidents, from public affairs. available now in paperback and e-book. presenting biographies from every president with rankings from historians from best to worst and featuring perspectives into the lives of our nations chief executives and leadership styles. go online to learn more about our president and

sec. wilkie: thank you very much and i want to thank you also for your availability to me throughout this. i value that relationship, and i think it is incredibly important to the department. we are fighting a war that very few people in america would have predicted just a few months ago. our doctors, nurses, and staff are routinely putting their lives on the line and sacrificing time with their families to care for veterans, most of whom are older and therefore more vulnerable to this virus. 31 of our staff members have passed away, and as you know, we have lost hundreds of veterans to this disease. but the news is not all grim. from the start, v.a. took an aggressive posture to protect our patients from covid-19, and our staff has worked tirelessly to carry it out, with great success. here is where we stand. we have diagnosed 11,500 veterans with the virus, but over 9000 of them have fully recovered. that is 76%. treating 1500only veterans for the virus, out of the over 9.2 million veter

sec. pompeo: thank you all. everybody have a great day and a wonderful memorial day weekend, too. >> [indiscernible] announcer: c-span's washington journal, live every day with news and policy issues that impact you. coming up thursday morning, oversight government executive director, danielle brian, joins us to discuss the role of inspectors general in government and the firing of multiple ig's. also, a discussion on how americans should modify their behaviors as covid-19 restrictions are lifted. be sure to watch c-span's washington journal live at 7:00 eastern thursday morning. join the discussion. announcer: this memorial day weekend, on american history tv on c-span3, saturday at 10:00 p.m. eastern on real america, the 1967 film "discover america," promoting tourism and domestic travel in the u.s. >> saint augustine in florida with stance the oldest house and town of all the oldest. castillo de san marco. once -- was announcer: and sunday, we visit africa town, a national historic landmark neighborhood in mo

sec. mnuchin: i'm not tempering. what i'm saying is when you come off a low number of closing down the economy, you will have very, very big increases, so yes, i thank you will see a very large, call it a gigantic increase in the fourth quarter. bob: regarding production, some have called the administration to use more of the defense reduction act, which the administration has employed, but that the administration plan to do more than as far as manufacturing? a lot of people say we need that now or certainly we both needed down the road in the fall going into next year. sec. mnuchin: it's a very important tool. it should be used carefully. i know the president is very much willing to use it if we need to use it. i got an update on vaccines yesterday and the investments that barta is making, which i think is terrific. in many cases, they have commitments to take over a large amounts of the vaccines, but the defense production act is a very important tool to protect the american workers, and if the president needs to u

sec. billion,of the $500 400 $50 billion was available for the 13-3 facilities. i have allocated about half of that, and i am prepared to allocate the rest of that. the only reason i have not allocated it fully is because we are just getting these facilities up and running. we want to get a better idea of which one of the facilities needs more capital, as well as to add morel facilities. so i am prepared to allocate all of the capital as needed. sen. crapo: the way these facilities work is once the money was allocated to a particular facility and the fed implements that facility, then that money can actually be leveraged into a much greater amount of liquidity for whatever market or situation is addressed, correct? sec. mnuchin: that is correct. depending upon the credit risk, depends upon the leverage, we have allocated, with the existing capital, up to about 2.3 trillion dollars in existing facilities. and let me just make a comment because i know there's been a lot of questions as to wh

sec. mnuchin: that is correct. chairman powell: that is not a question for me. we are the economic response to this. sen. mcsally: none of us as americans want to see china or chinese owned enterprises prospering. i want to talk about a company called blackrock. on march 24, the federal reserve bank of new york retained blackrock as a financial agent to transact with primary dealers in the primary market corporate credit facility in the secondary market corporate credit facility. as you know, these facilities serve as markets for companies to sell bonds and obtain loans during the downturn. typically, there is a competition, a competitive bidding process, but blackrock was selected for this one. as you probably know, blackrock is one of the leading investment banks and chinese bonds, including helping chinese companies lift and go on american stock exchanges. chinese companies listed on american exchanges are prohibited or prohibit the public company accounting oversight board from reviewi

and the sec has the right to look at that audit an audit audit. and if you refuse, not once, not twice, but three times, if over a a three-year period each of those three years, the company says you cannot audit my audit, then they can no longer be listed on the american exchanges. it's very, very simple. and once again i tried to be very fair, as did my co-author, senator chris van hollen. we spent af lot time on this. we want b to be -- we don't want to be unfair to chinese companies. we are not changing the rules. they have just been ignoring the rules. when not going to give you just one chance, , we're going to gie you three chances. if you ignore the sec request to do for a chinese or any other company what they can do to all the other companies in the world, and that is audit their audits, and if you ignore the sec for three years then you've got to take your business somewhere else. and do you know who that's going to help the most, mr. president? the investors. the investors of america and the investors of the world. most of the companies

we require them to disclose and the sec does an extraordinary job. i think chairman jay clayton has been a rockstar. we have a rule that if you list on our exchanges, you have to file periodic reports. we want investors to understand what they are investing in. and g those reports have to be accurate. one of the things for these reports that companies have to file is an audit. but we take it a step further in the united states there is one called the public a county oversight board really, all it does, it is important but it inspects the audits not because they think they are cheating because some do but to play poker with friends they are my friends but i cut the cards every single time. that is that we do through the board, double check the audits everybody has to comply with that group american companies, british companies, companies, malaysian, turkmenis. except one, chinese companies. they just say no we will not do it. do you know what we do about it? nothing. this is not a two or three months phenomenon this has gone on for years and years to

sec. mnuchin: it does seem a bit low to me as well. we do have a structural problem of loans that are in securitizations and how they have to be dealt with with a special service. that banks have much more flexibility but this is a technical issue. we may need come back congress to work withou on a technical fix. sen. tillis: thank you i think , we need to do it. i am gravely concerned with their retail shopping, the hotel lodging industry, industries that are largely going to lag behind some of the businesses. i would be interested in your feedback. i was also curious about a program for other areas where we should expand. i am thinking about new issues, and development loans. have you thought about that? have you also thought about aaa? [indiscernible] we have thought about all of those. i would like to thank the people in the fed and treasury who work around the clock to get these facilities up and running. we have prioritized these. as the fed chair and i have said, we will look at all

be in the marketplace as a reason not to terminate a trading suspension, but fundamentally for the sec to make the trading suspension and determination that is not an enforcement action and that is considered what is in the public interest and what is really designed to protect investors? the back to your question in terms of what else do we need. it's really the substantive facts and all of the issues that your experts really are raising right now that go to the substance of a company's disclosures and what do they know and what were they disclosures and were they adequate that defines materielity and yes, there is enough in the marketpla marketplace right now for there to be an investigation and one may very well have a parallel criminal component and one -- this company is based in cambridge, massachusetts the boston office of the sec is very thorough and very aggressive including in the area of trading suspensions so i think there's no question we will see a regulatory investigation. >> would there be an abtight, jacob, in your view for the sec to launch such an investigation into

sec. glickman: thank you. sec. veneman: if i might now just follow up a little bit on looking at food aid and the need out there, which i think you both ably kind of put on the table, i think there has been a lot of creativity during this time of crisis, with all of the children who are out of school and the replacements that are being used for school lunches. so some people are picking up lunches at the schools, they are picking up food. some people are, you know, there's school buses that are being used to to deliver the food to the children. and there is also this new pbt -- ebt program for the replacement of school lunches. has there been any discussion around how the summer feeding programs will work? all it be -- could it be continuation of the school lunch, current ebt program and other programs that are going on, or is there a possibility that we will not have that kind of continued opportunity for getting food to these children during the summer months? katie: so, secretary veneman, i am happy to start the

sec. malsam-rysdon: they are showing good practice across the state. one thing to mention is that most people don't like the thought of state inspectors coming in unannounced, checking them out. we have been met with open arms. people have been receptive to wanting that review. we have met absolutely no resistance. what we have seen is very good practice. good use of ppe, good infection control, good disinfection of services and the environment. we expect to see those kind of results as we continue to work with long-term care facilities and assisted living facilities in our state. governor, two quick questions. the nationale with guard air support units do. secondly, in your discussion with legislators last night, was there any discussion of a special session? gov. noem: we did talk about the potential of a special session. i told them i did not have clear guidance if we would need one and when that would be. i think the conversation was around having a special session in june. if we do have the ability through treasury guidance to utilize some of the

the obama presidency that infrastructure investment dropped significantly and only rebounded when the sec will back those heavy-handed regulations united states still has more work to f do necessary for 5g. what those cell phone towers.po and to be attached to the existing infrastructure to make it easier to deploy the small cells? it doesn't it took wireless infrastructure. it is a key part of the 5g equation. and what we commonly call the airwaves. radio spectrum is divided into bands, low, mid and high in 5g will rely on all three. and then to free up more spectrum with the 5g employment. in this past november the senator and i introduce the 5g spectrum act to require the sec to free up sounded band spectrum referred to as the see band. congress did not enactat the end of february and a way to adopt the framework similar to that outlined in the bill to make 200 megahertzf available. and then to have approximately 50000 new construction jobs b each year. that is just for construction just enough workers with the necessary training to meet the needs of nationwide 5g that's why earlier th

sec. mnuchin: i don't think it changes the push to go back to work in any way. we have been consistent and the president has been consistent barely want to open the economy way.clear and economic there are some parts of the country where that would be getler and when people do people get exposed to the virus they should self-quarantine and protect others from getting it -- getting it. --does it with a worker in at risk? sec. mnuchin: one of the reasons why we are able to hear and know people have been in self-quarantine because of testing. i spoke to doctors who had vaccines in trials and i couldn't be more optimistic. when the president says he thinks we will have a vaccine by the end of the year, i think that is very important. the viral's that are also in urgent. the american public wants to know if they get these disease there are things that can protect him, including more ventilators, hospital supplies and better drugs. that sayare reports there's more consideration for stimulus chec

markets do exactly that, make the markets more efficient and this is not at all a problem with the sec. if you look at the amount of money it cost to trade stocks today, the expenses retail investors bear, all of those have been going in the right direction the last 20 years so it is a wonderful thing. the challenge is that works well with very large and highly liquid stocks but when you have smaller stocks that aren't as liquid that market has become more challenging so if you are a sub million-dollar market capitalization company in the public markets you don't have research analysts covering your company, you probably don't have sales and trading at banks talking to the institutional community about buying your stocks and as a result therefore the stock doesn't trade very well, what we call not very liquid. that is an unattractive place for people to be and therefore companies are staying private longer in order to get a larger scale in larger market and in the last 50 years the money has followed that so the public market investors have recognized that and that is why you see mutua

this was not at all a problem obth the sec. if you look at, for example, the amount of money it cost to traded stocks today in the amount of expenses that retail investors pay and all of those have been going in exactly the right direction over the last 20 years soo it's a wonderful thing prayed the challenges that works well with large cap and highly liquid stocks but when you have a smaller cap stocks that aren't as liquid that market has become much more challenging. if you are a sub billion-dollar market capitalization company today in the public markets you probably don't have research analysts who are covering their pmpany and you probably don't have sales and trading desks at banks who are talking to the institutional community about buying your stock and as a result therefore the stock does not trade very well and it's not very liquid. at the that's a pretty unattractive placee for peopleo be and therefore companies are staying private longer in order to get to a larger scale and a larger market cap and what has happene

sec. mcenany: he's looking at the data. the admiral had the charts of everything governor's plan and said we will fulfill every governor's plan. governor desantis was reporting what he had seen at facilities and drive-through testing sites. reporter: with the restarting of with both sides of the u.s. and canadian border, you know how much trade is essential for communities. can you update us on the plan for reopening? and also a timeline for reopening the border? sec. mcenany: no announcements on that front today. reporter: thank you. when the release of the transcripts related to adam isiff's probe this week, there any information you can share as to what the doj has shared with the white house on whether it is investigating the obama administration officials on this matter? sec. mcenany: i don't have any updates because that is a doj matter. you did refer to transcripts and i think it is an important moment to talk about what was in some of those transcripts released prior to today. not this specific one you are asking ab

sec. scalia: well, it is good to join you. thanks for having me. we have been acting on many to help theonts tens of millions of american who have been put out of work over the last couple of months as we have idled our economy. as you know, the c.a.r.e.s. act included a substantial benefit for people on unemployment, $600 a week on top of what is paid by the states. we have been working closely with the states to get those payments out, and to help people during this challenging time. we have also been at been a stirring paid leave provisions that congress acted, and a program we don't administer here, but i think is valuable to american workers right now, has been the paycheck protection program. we estimate about 50 million american workers have been kept on payroll through that program. that said, we are pivoting now. we are reopening. i was in florida and georgia with the vice president last week, and it was encouraging to see. we saw more of that over the weekend, too. jonathan: you'

adopt sec should comparable exemptions they can file a petition to that effect. the last thing i would say in respect to those between mr. martinez and justice kagan said yes, they framed it not in terms of the content of the call but in terms of all the calls from the holder of a government-backed debt to the debtor, that that would be subject to more relaxed scrutiny. that's an approach distinguished on that basis, which encourages congress to enact laws with more of a broad brush. discourage congress from trying to find tune laws. which would only be exacerbated if we took the responsible discoverability striking down the hall law. thank you. >> counsel, the case is submitted. >> the honorable court is now adjourned until monday next until 10:00. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2020] >> this is the third day of live oral arguments from the nation's highest court. 10 cases will be heard between this week and

sec. azar: deborah -- pres. trump: deborah? dr. birx: i will be very brief. this illustrates what can happen in a short time. in the first case that was diagnosed in the united states to now, our first step forward was a therapeutic in less than 90 days. for those of us who have worked in viral diseases and pandemics for a long time, this is our first really positive step forward, our first step forward. groups are still working on vaccines. i want to thank the company for not only working to make sure this got into clinical trials but for individuals who didn't qualify, for the clinical trial they made compassionate use drug available from the very beginning. i think that combination of really strong, scientific, rigorous clinical trials, but also, when you don't really have something, to make compassionate use available was really , extraordinary. again, also a thank you for the patients. because, obviously, this was a randomized trial. there was a group that did not get drugs. that is why the board stopped at the trial, because of this statistical differen

commissions the sec said it had no action letter do it this way we will take no action. he was only in business as an attorney for a couple years and change the whole securities industry later he saved me in a fight with my partners to allow me to stay a partner in the brokerage firm that i started because i was doing of noxious things with my judgments and partner stocks they wanted me to leave. tim was very important in very near and dear to me my closest friend as i could have. when he really helped us with the legal work in 1975 and 76 we had a bill to him for $75000. more money than i could comprehend. they said we can't afford to pay you because you don't have the money so i would give you have in stock and the other half as we can. he had no choice but to agree so now he has stock and knows it is increasing in value because he keep all of the earnings back into the business. but every once in a while something to grab his attention and need cash to sell the stock then i had to reduce advertising every time i bought his stock that's a go hold in the heart. he did t

there are a number of tools available to the sec. we haven't seen any of those tools applied here. i mean, we have the ability to give 30 days' notice on that mou, and after 30 days we should give the chinese a distinguished period of time, say six months, to come into compliance with these federal securities laws and pcaob laws. if they don't comply, those noncompliant companies should be deregistered. maria: do you think we're going to see blowback from china? look, they hold a significant amount of debt, the u.s. debt. that, if they start selling that debt, that could be a disruption to u.s. markets. the chinese communist government is not happy that the u.s. administration is pushing back so much not only on things like theft of intellectual property, but their inclusion in our capital markets. what kind of a response might we see from china, roger? >> well, i think they have to be the awfully careful. i mean, this is the area of their single greatest vulnerability and arguably our greatest strength. i mean, we utterly dominate the financial domain on this planet. and that's so

and kelly loeffler will not say that she heard the sec will ask for the documents that's why she gave it up. there's a lot of gray area and want to see what happens. in terms of new york stock exchange opening, i raised the question with senior officials in york state government, how can the new york stock exchange door open when other businesses that are nonessential can't open in your city, new york city is largest on the lockdown, governor cuomo said sometime in june he can lift a lot of the nonessential businesses from being locked down, i always hope the floor of the stock exchange is a nonessential business, new york stock exchange is essential business because we need trading. the floor has been down and there still trading because they have an electronic aspect to it. but when i got back from the new york state governor's office, the new york stock exchange as a whole including the floor is essentially considered essential, the new york stock exchange floor can reopen, that is how they're getting through this thing and as you know from the op-ed that was in the wall street jou

sec. azar: director general, fellow ministers. covid-19 has tragically taken hundreds of thousands of lives, impacted millions of people and has done deep damage to the world economy. we must be frank about one of the primary reasons this outbreak spun out of control. there was a failure by this organization to obtain the information the world needed, and that failure cost many lives. the

sec. pompeo: good morning, everyone. this morning, early, i had the chance to drive through arlington cemetery. as we approach memorial day weekend, i want to reflect o sec. pompeo: good morning, everyone. this morning, early, i had the chance to drive through arlington cemetery. as we approach memorial day weekend,an

sec. derosa: you don't have to be person-to-person. you can go over the phone. person to person is if you don't have internet. we encourage everyone to do it callse -- the volume of has been so great it has crushed the phone system time and time again. we paid out $2.1 billion in all of 2019. in the less seven-week new york has paid out to ask billion dollars to 1.6 million people here we are adding more bodies and throwing everything we can at it. none of it matters to people who are still struggling and waiting to get money put into the bank. we are doing everything to streamline it. ande had 9/11, sandy several years in between. in the last financial crisis we had 300,000 people unemployed and that crushed the system. we are talking about 1.6 million in the last seven weeks. we have not experienced anything like this. there is all of these different things when you go to government why don't you do this? if we had spent $20 million to upgrade or there was not a crisis at the moment, i am sure we would have gotten phone calls from publications to say why are y