Tech and bond trades play out. Lets dig a little deeper into the virus story in the u. S. U. S. Infectious disease official Anthony Fauci says it wont be a pandemic a lot longer because of vaccine progress. Joining us now with more is bloomberg Senior Editor drew armstrong. We all want to have the monday where we were very happy about the Pfizer Biontech results. What if the state of play in the u. S. . Drew the state of play in the u. S. Is brutal. We are sitting case records because of uncontrolled spread in huge amounts of the u. S. Hospitalizations are higher than they have been at any point during the pandemic. During thet pandemic. Depend on who you ask, 1500 sorry, 1506 to two deaths in the u. S. Yesterday, a number we havent seen since the early days of the pandemic. Numberout every single or way you look at this that you can is going in the wrong direction right now, and newman the hospitalizations and knowing that hospitalizations after that, it is going to be a grizzly pictu
Leaves behind a trail of destruction and hes a wanted man into polyfuse a request to detain the former chairman going skipped bail in japan and fled to lebanon. Im paul race for the sport the n. B. A. Pays its tribute to david stern the man who built the modern game and on the court last years most valuable player gets 2020 off to a flying start for the box. Hello everyone in the past half hour the parliament in ankara has approved a government motion to deploy troops to libya in support of the un recognized administration in tripoli thats been fighting against the war lord Khalifa Haftar remember it was his forces who launched that offensive to capture the capital last april turkey says its troops will protect its. Right in the mediterranean and interests in libya like the deals that anchor in tripoli recently signed on military cooperation and maritime boundaries but there were challenges turkish opposition parties were against the move they say ankara should have 1st given priority
Now. Welcome g. To have you with us on this monday. Our Investment Committee at the table today. Also with us on set with the jp morgan. Good to have everybody here today. We begin with stocks. The s p up three straight weeks. Is this the week that ends it or prolongs it . I dont know that it exits. Obviously, we have the fed this week. There are all kinds of different news stories in front of us this week as we speak. I dont think this is something that absolutely derails us. When you look at personal spending and what goes in from the oil trade perspective, its very small. I think we are able to get back up and running faster than folks think. Today the big spike has everybody a little flustered as you get a big move in wti over 61, thats a big move. We have volatility that remains really, really low. I think that speaks volumes about what people are thinking right now. With the market down 100 and change and the volatility is not spiking to the upside after the big hard hit to the d
Wall street is set to join that Global Equity selloff at the open plus, th juan falling to a more than ten year low versus the dollar China Central bank denying it is devaluing its currency shares of apple, theyre down, like everything else, or more, ahead of the opening bell. Which trumps tariff threats could mean for that technology giant. And potentially for the costs of the iphone we start, though, with the Broader Market stocks under pressure around the globe as u. S. China trade tensions escalate. Chinas yuan, which has now breached the 7 level for First Time Since 2008 is certainly a focus this morning in response to that move, the president tweeted this morning, quote, china trdropped the pric of their currency, called currency manipulation, are you listening Federal Reserve, this is a major violation which will greatly weaken china over time so, jim, were back in the concerns about china, of course, this following the decision last week by the president to put 10 tariffs on th
Subcommittee will not come to order. The chairman will now yield five minutes to my great friend. From california. Five minutes. Thank you for getting me the five minutes. I think the witnesses for coming this morning. The incredibly important issue when it came out and make good policy on. We are meeting today to discuss the state of Cyber Security and the continuing threats facing Americas Energy infrastructure. We continue to see increasing threats to the grade originally both the home and abroad. Im glad to see the doe and others taking steps to address the growing dangers followed by nefarious actions. Our energy grid serves as the backbone of our economy. Touching every aspect of our life. A reliable grid is also crucial to our National Security. We can improve the security and reliability of our missions electric grid. We must work on a bipartisan basis and integrates with Industry Leaders as we are doing here. Fortunately the modernization and integration of our Energy Infrastr