Look particularly at the nasdaq, its up 16 year to date but the wait is what you have to think about. Facebook, apple, amazon, microsoft google are up 13 year to date. So youre seeing overweight in terms of really big companies. Any meaningful downward movement along them is going to result in broader index. Im not optimistic particularly nasdaq because i think its overinflated liquidation there is it too glib to say if vaccine hopes are met with real positive data that technology suffers from a whithering stayathome narrative, or is that too simplistic . Yeah, its a little simplistic, mostly because of the factors that are contributing to the tech growth are multivariant you have this issue of the low Interest Rate environment which is drawing a lot of yield, but you also have the fact that people staying at home use Digital Services more. You look at the streams services and the semiconductor and tip companies which are underlines and inputs on the digitization thats happening thats
I want to thank everyone for their adherence to the guidelines as we continue to do our work while protecting the health and safety of our staff, families and communities. Thank you for joining us today. In pursuant to notice, todays hearing is taking place in our ways and Means Committee hearing room, with members permitted to attend remotely in compliance with the regulations for Remote Committee proceedings, pursuant to House Resolution 965. We currently have 33 members logged in and participating via the webex platform. For those members who arent here in washington and plan to participate in person, we have a limited number of available seats to ensure that we adhere to social distancing guidelines. I encourage members to watch from their office and only come to the hearing room when it is your turn for questioning. Before we turn to todays topic, i want to remind members of a few procedures as we navigate this hybrid hearing setting. First, consistent with regulations, the commit
I want to thank everyone for their adherence to the guidelines as we continue to do our work while protecting the health and safety of our staff, families and communities. Thank you for joining us today. In pursuant to notice, todays hearing is taking place in our ways and Means Committee hearing room, with members permitted to attend remotely in compliance with the regulations for Remote Committee proceedings, pursuant to House Resolution 965. We currently have 33 members logged in and participating via the webex platform. For those members who arent here in washington and plan to participate in person, we have a limited number of available seats to ensure that we adhere to social distancing guidelines. I encourage members to watch from their office and only come to the hearing room when it is your turn for questioning. Before we turn to todays topic, i want to remind members of a few procedures as we navigate this hybrid hearing setting. First, consistent with regulations, the commit
Through the day, warmer compared to yesterday. 5 degrees above average for this time of year for many locations. With sunshine, 71 in San Francisco, 76 and in oakland. I will let you know when to see temperatures into the 90s this week, coming up. Im anne makovec at the live news desk. Lets go to the l. A. Area where there is a wildfire burning. Chopper kpix showing a lot of smoke coming off the fire. This is the east side of the five freeway. It is 20 acres. It started earlier this morning at 3 40 am and quickly took off. That is because they are dealing with the santa ana winds throughout the entire region. It is burning some medium brush on the east side of the freeway. It is not threatening any homes but it is threatening a jail in the area. The Los Angeles County Fire Department had more than four helicopters doing water drops, trying to get out of control because they say at this point it has the potential to grow to about 50 acres. The entire elliott area right now is under red
Last. Anyone else quarantine confusion the u. K. s only telling new arrivals to isolate now that infections are falling which stop the spread. And on time the hamas now have all the support including tyson fears from osa says the match against the ontario wilder could happen this year in macau. 2 weeks after 46 year old black man george freud died under the knee of a Police Officer sparking a global wave of protest the accused killer has faced court Derek Sherman has been charged with 2nd and 3rd degree murder as well as 2nd degree manslaughter is appeared by video link in a Minneapolis Court as the charges were read thousands of people queued to pay their respects to George Floyds body and his home city of houston is funeral will be held there on tuesday and as the protests grew the cry to defund the police has become louder counselors in minneapolis of already committed to dismantling the Department New york and los angeles have also vowed changes to funding. Lets go straight to john