Immigrants, or they can override state voting laws or let violent felons out of prison, things that have nothing to do with the coronavirus. Those are the two most important things we could do to help those who are still struggling with this virus get back to work until vaccines are approved and widely distributed. What will not help, what will not help, will is not designed to help was the 133 programs that have been so much of the point of discussion today. The 133 facilities have achieved their purpose. The reason we wrote it and members of this Committee Help drafted it was to fundamentally that the credit slowed to fundamentally credit where the businesses. It was not to subsidize failing businesses that were not going to be able to succeed before china unleashed this plague on the world. It wasnt to bailout fiscally irresponsible, mostly democratically led states and cities who mismanaged their finances for years or even decades. It was to stabilize credit markets. And i have to
3, 2, 1. This hearing will now come to order. Is in a hybrid format and the hearing room has been configured to maintain the recommended six foot social distancing between senators, witnesses and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. , a those joining remotely few videoconferencing reminders which you should be familiar with at this point. Once you start speaking, there will be a slight delay before your display on the screen. To minimize background noise, click the mute button until it is returned to speak or ask questions. Issue,e is a technology we will move to the next senator until it is resolved. I remind senators and our witnesses the fiveminute clock still applies. Those remote should have on your screen one of the boxes labeled clock which will show how much time is remaining. Weve had some trouble getting those boxes to everyone screen or at least getting everybody to be able to find them and follow them. We are going
Investors are shrugging that off as stocks look to rally at the open. One name that may not rally is zoom. Shares of zoom are sinking yeah, in the premarket, work from home stock taking a hit from a rising free user base and increasing cloud costs and we have vaccine optimism, moderna and pfizer filing for emergency use and Vice President pence says vaccine rollout expected to begin in two weeks carl all right jim, i guess the question of the morning is whether that rotation, that worked historically well in the month of november, still applies. I think were running out of gas in terms of the oil and gas and focusing on exxon. Stock may not go down, giving the dividend, it says, look, were at wits end and the big Exploration Development period for exxon, market leader, u. S. Leader, is i think now over. We are following were following europe and japan and i think that we forget that you come in today, and you look for all sorts of reasons why were up and up strongly except we dont look
Bigfs, Mark Zuckerberg and dabbing jurorsy faced over scrutiny over censorships. The very latest coming up. Has dabbing is up 40 and s p higher by 8 and 3 quarters. Retail once again in focus this morning with lowes, target and tjmaxx reporting. Its a tough day. The s p down 17. Carlos goshns legal battle, i spoke with one man who helped the former nissan chairman escape from jail as he faces 90 milliondollar civil suit in japan. You will hear from him himself, carlos goshn will join me next hour with his side of the story as the man who helped carlos goshn, Michael Taylor possibly get extradited to japan. We will talk about it. Dolly parton gets it done. Maintaining Public Health all while making return to playboy, its making a buzz this morning, mornings with maria live right now. Maria lets check european markets this morning. Mixed story. Ftse 100 down 9 points, cac up 5 and dax higher by 25. Japans daily covid number case reportedly reaching 2,000 for the first time causing the ca
Nasdaq declined. 82 there is only one thought. Good, they all got a chance to buy. Not long ago on days like this we say oh boy, i got to get out of here while it is getting good who knows what it is going to happen with this thing it is going to roll over now we often see pull backs like this as opportunities that are too precious to swander. How do we explain the new mindset . I think because we broken the tyranny of the indexers. When the fed says something positive or when we get solid employment number. Either way, we were in the throw to these big macro events. They control everything. Not anymore. These days macro does not matter very much. And etf buyers have stopped reacting to this stuff instead they react to the opportunity so when stocks come down, these people step up and actually start buying, make it much harder to have a hideous selloff you know what there is nothing new about this less lock steps opportunity mindset. This was the old new normal of the index funds 20 ye