Are authorized to participate. Even when they are not recognized and that they are responsible and then to convince themselves after they finished speaking consistent with the regulations and only is appropriate. All house rules related to order and decorum applied to this remote hearing. To hold financial regulators tyaccountable and in conclusion perspective from the offices of minority and women inclusion. I now recognize myself or four minutes to give an opening statement. Todays hearing focus Holding Financial regulators accountable with diversity and inclusion. Our country is facing covid19 and an economic pandemic and the fight for social justice. These challenges have reached our personal relationship in the unprecedentedys way. I appreciate all the witnesses i am hopeful we will be able to strike a balance between Historical Context with the demand of greater industry inclusiveness and transparency and accomplishment 2020 marks the tenth anniversary of the dodd frank reform ac
The weather. It is certainly very foggy outside. And when i say foggy, it is very dense in certain places thanks to the High Pressure system that is in play. It is compressing and making it very thick and low, taking a live look out of the Salesforce Tower, you can see the fog is because of the High Pressure system pushed it down to a lower elevation and what that means is we are not going to see a lot of intrusion into inland areas the cold we are pretty mu the 50s jose 62 degrees. Ur temperature change, it will be cooler where we can see the fog in San Francisco cooler by 2 degrees, hayward down one degree and these temperatures will start to climb into the afternoon hours. We will be close to if not in the triple digits in the inland areas. San francisco with good visibility and along the coast down to about one minute mile or a mile and three quarters in petaluma. It is pretty much bottlenecked through the gap in the golden gate and places right there. I will tell you how hot we ar
Streak that sauz the shanghai rise 16 yeah shanghai was down by 2 today. Lets see whats happening in the treasury market right now. Yields back down below 0. 6 . We havent seen that for awhile. And joe, still chuckling a little bit about football and why we care this time around not the ivies . No. But anything i see this morning it was eric chemi. I realize out on the cliffs they have that full size cardboard cutout of me so then i was thinking, you know, next week if i dont have like being here some day, i might just put it right here just have something on a loop. Less taxes, less government, more you know a welcome respite plus they got sound theyre going to pipe in sounds like the tesla, you know, the motors i saw that. Theyre going to pipe in fans cheering and i read this stuff and we go, okay i want a cutout this makes sense. Put an entire stadium full of cardboard cutouts. Yes and we all go, yeah, that makes sense. But people would do it. Because i was thinking the camera would
Yeah, when we react to those. Every day we seem to react to something different. Its shocking just how much and thats why we have such a volatile market were in now its kind of covered upa bit o that its something that has stood out for a while now. I know the theme was everybody said justice of the peace morgan under 100, thats when you have to buy it. Its been under a 100 for a while. Theyve had opportunity after opportunity and the financials dont seem to be able to get up and move and sort of break out to the upside. Thats been a hangover along with some of the industrials obviously, tech has been the leadership role. Thats been pulling the markets to the up side significantly but today were seeing a bit of a rollover we could be in for a pretty volatile session we havent seen volatility jump up the way it has. Its very interesting to keep an eye on what do you make of todays action given were awaiting all the Bank Earnings next week. In terms of their outlooks, im not sure im not
In march and april. Yeah, and, you know, the market if you want to talk about it being the index certainly is doing that its been steady naturally the most heavily weighted stocks also happen to be the ones that are in th strongest trends they are covering up for a lot of, i think, softness under the surface. Youre not seeing this latest push higher really have the participation of the airlines and all the kind of socalled epicenter sectors that now are under a little more question about a stutter step in the reopening process. I do think the market is trying to be rational about it. Its unclear what would stop these trends, why would apple and microsoft stop going up today when they havent stopped until now except the fact that the nasdaq does look really stretched once again compared to the rest of the market there does seem to be a little bit of frothy speculation happening in some pockets of this market but thats been the case periodically for the last several weeks i guess you wou