S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is and it is really not things Like Airlines so much driving the transports actually fedex and u. P. S. Are arguably kind of stayathome plays and they are also big components of the transports so really just kind of gone sideways in the last day or so, not much of a pullback just yet. So well very to see how that develops and in this context especially with the White House Task force painting a bleak picture on the near term outlook. The most recent report warns that there is, quote, now aggressive
Greet its announcement with a measure of skepticism. Well, we know the congress has never voted explicitly to regulate co2. And would not vote today if given the opportunity. But through old statutes and interpretation of it, you know as an unelected official are impacting the economy in extraordinary ways. And i just think we ought not to forget that. Co2 emission targets for alabama are a reduction of 27 , but states like arkansas and georgia with 44 reductions are really hammered even harder. South carolina with a 51 reduction. Tennessee with a 39 reduction. Those are huge economically impactful regulations that youre putting out that we dont get to vote on. The American People arent give an voice in. So i want you to know were concerned about the problem that youre concerned about trying to make this environment healthy and positive. But we have to ask, what is the realworld impact. We know germany is backing off and reconsidering some of its very green issues. Australia recently s