Billionaire tilman will tell us how he is preparing. What hes telling his teams for what could be a cold winter for the economy. Power lunch starts right now day after the huge sell off, stocks have turned higher this afternoon as they try to avoid a fifth straight day of losses the s p and nasdaq are at session highs right now. Lets go to bob for more on these markets. Bob. Chop it around a little bit i listened to the powellmnuchin testimony. I didnt see any narrative around fiscal or Monetary Policy stay at home stocks are back theres this narrative if we get more break outs in the u. S. Like we got if europe, they will be ben faeficiarie beneficiaries. All these stay at home names are doing well amazon is having great day not so the banks second day in a row they are getting clobbered. Some of the banks are down 7, 8, 9 in two days this is another serious down trend in the banks the big thing im worried about is valuations. We cant figure out what tech stocks are worth look at appl
And Exchange Commission chairman jay clayton regarding the work and agenda of the s. E. C. I thank you for your willingness to appear before the committee today, mr. Clayton, your willingness to testify is essential to our oversight much the s. E. C. The mission of the s. E. C. Is to protect investors, maintain fair, orderly and sufficient markets and facilitate capital formation. It plays a Critical Role in ensuring our nation has Capital Markets that the public can have confidence and trust in. It provides information to investors so as americans prepare for their futures, they may not only have a wide variety of financial opportunities, but they also have the information necessary to make informed investment decisions. Chairman clay torngs you came before this committee a year ago and assured us you would continue to take steps to ensure that the u. S. Capital markets remain the deepest, moshgt dynamic and liquid in the world. I commend you and the s. E. C. Staff for actions taken o
Not credible as a matter of law is not something that judges really do i think that to a certain extent the judge was cutting through and saying the standard here is that no reasonable juror could possibly find on these facts and that usually is successful. If the evidence produced the trial skips and element entirely, you have no evidence of a Shooting Evidence is somebody got shot and then they just forget to bring in the autopsy so that nobody actually testifies the guy died. Then you ask for judgment as a matter of law that acquitting on the murder case because there was no evidence of a death and so its unlikely to do here and so i think the judge is kinda needling todd a little bit there with the with the whole idea of not quite able as a matter of law, i will say though these types of motions, even though from the defense sayyed, you know that youre unlikely to win its very useful to prepare for the closing because you kind of preview your argument and then you see what the pros
Farmers to respond to Avian Influenza on their facilities. Biosecurity is a term that describes every day and emergency disease processes a farmer uses to prevent and control diseases. It is probably the single greatest weapon that we have against Avian Influenza. Unfortunately, biosecurity is not consistently applied by all farmers and all Poultry Companies. We need to look at, as far as number two is concerned, a few aspects of our current Emergency Response plan so we can respond more quickly, more rapidly to an incident. We can get into that a little bit later. Number three, provide an Insurance Program for poultry farmers who contract with Poultry Companies to raise their flocks. Dr. Clifford mentioned indemocrat any fictionindem ni indemocrat fictions that have been paved. Thats very important. They may or may not receive those indemnification. I think we should look into this seriously. Vascy nation for controlling Avian Influenza in poultry requires very serious consideration.
Wouldnt a level Playing Field as you said from your testimony, we have concerns about things like there is a some Data Retention obligations and we think you could do it differently. There is a best interest contract framework and weve heard feedback from folks saying it is clunky and there is a more streamlined way to do it. We have a point of sale disclosure requirement and people have said that that is not necessary. And so what weve done in every circumstance when someone said that the best interest contract is clunky, our response is tell us how to do it better. How do we retain that north star of enforceable best interest contract and still get it done and that is the feedback weve been getting and it has been helpful. And youve incorporated it. We havent made final decisions yesterday. We wont put out a rule until weve gotten all of the comments. Im confident if history is a guide the final rule will be materially different than and better than the proposal because you have to b