But entrepreneur chanel fields, ceo of startup md ally in philadelphia, says the timing couldnt be better. You know, i think that this is a pretty good time to start a business. Reporter fields new company lets Emergency Responders and 911 dispatchers reroute nonemergency calls to virtual doctors. Youre talking about a business that both makes sense now and will continue to grow in importance in the future . Yeah. I have a lot of people who call 911 for things that are sore throat pain. When youre in the middle of a pandemic its important that you are using those resources as efficiently as possible. Reporter with Interest Rates low, the cost of rent and equipment falling, many talented people looking for work, some traditional barriers to starting a business are less of a burden. But fields says its even bigger than that. Theres more of a sense of purpose. I cant think of a better reason to create value and see if you can do more, do something thats outside of your norm. Reporter she
Evidently investors like what they think they will see. 2. 1 million jobless claims reported about a half hour ago. That means 40,740,000 have been thrown out of work in the last ten weeks. Big number. Yet the economy is contracting at an annual rate now of 5 . Thats a big number. And orders for big ticket items absolutely plunged. Okay. Got all of that. But the dow jones average up nearly 1100 points in the last two days, going up again at the opening bell. Were looking at a gain of over 200 points right now for the dow, and the nasdaq is going to be down, down 80 points. That tells me big techs having another difficult day. Then we have the opening up movement. Its rolling on. Vegas and disney have dates for its partial reopening, but theyve got the dates for reopening soon. Boeing, theyre going to restart, wait for it, max jet production. Were not back to normal but we are clearly well into the reopening phase. Now this. Watch out, social media. The president s going to sign an exec
We had a few clouds hanging over the market and civil unrest will derail plans to reopen the economy and add to that the rising tensions with china the white house blocking Chinese Airlines from flying to the United States and the ongoing coronavirus pandemic plenty of reasons for investors to be worried and yet here we are. Stocks are sitting at threemonth highs. Guy, what is that expression that you like to say, bad news, good price action and something along those i mean, is that what were seeing in the markets here yeah. Pretty much. Dont label me some raging books, tim, steve and other people i dont know if theyve necessarily seen the extent of this, but theyve clearly said the pain train is higher and thats correct. What it comes down to is would you rather be right or would you rather make money. The warning signs are clearly there. If your stock goes from 5 to 10, youve doubled your money regardless of the reasons why and thats what its come down to and one other thing ill thro
Industries association. Sen. Wicker all right, we will begin, and we appreciate people working with us on this partially remote, and partially in person hearing on a very important topic. The covid 19 pandemic has affected the normal operation of every Public Institution in our country. Including, as you can see, the legislative branch. I thank my colleagues and witnesses per for participating in todays hearing, which is the first of many covid19related oversight hearings that this committee will conduct. We will accomplish the business in accordance with the guidelines established by the rules committee, and in consultation with the office of the attending physician. And i want to thank my colleague and Ranking Member, senator cantwell, for her cooperation in this regard, and for all of our staff. The committee today convenes to discuss the state of the Aviation Industry. Witnesses, which are limited in number by the guidance we received from the senate, include nic calio, president a
Wednesday and this morning, dow indicated down about 170 right now. S p down 21 and nasdaq down by 58 just 4. 5 from its alltime high more about what it has been doing well the nasdaq 4, 6 or whatever you dont call it the nasdaq 100. It is concentrated i heard Brian Sullivan saying early that of the nasdaq 100, that 35 of those companies are trading 10 higher or more for year to date not the full year but year to date what weve seen this year broadening out a little bit there is the big chetech and the big tech that seems to be well suited for what we are all doing. Not a total surprise oil hasnt hurt either remember, it was the may contract when it expired at the end of may something theyve never seen us before wti back up to 34. 07. That tells you what people are anticipating it has rallied 70 and only at 34. Right tells you a little about what is happening here also take a look at treasury yields we are around 21 for the 10year. 10year at 0. 664 . Andrew thank you, becky lets bring