Out of sectors. And amazon prime days kicked off an unusual Holiday Shopping season with retailers adapting to the challenges of the covid19 crisis. Which companies will benefit . Apple unveiled its new iphone 12. Will 5g drive a phone sales super cycle . My colleagues, ben levisohn, carlton english and jack howe. Ben, lets start with you. Mr. Market is sometimes described as manic depressive, but this week it was more sort of schizophrenia that we saw. Whats going on . Yeah. It was just a very indecisive market. There were days when investors flocked to tech, and other days the nasdaq went down, other parts of the market went up. It really just depended on the news of the day. Early in the week we had plenty of things that could have caused the market to sell off including drug trials at Johnson Johnson, eli lilly for Covid Treatment being halted, and we also saw, you know, cases of covid rising. But the market actually pulled through all that and even got some good news from pfizer.
Criticism for groups most reliant on the cash. Tens of thousands of people have been displaced up to days of heavy fighting between Government Troops and Taliban Forces in southern afghanistan its been happening in the province of helmand particularly around the regional capital lashkar gah it began on saturday when the taliban launched coordinated attacks on several areas fighting has flared up since with the u. S. Carrying out air strikes to defend Afghan Security forces dozens of taliban fighters are reported to been killed hospitals are overwhelmed its the 1st Major Taliban offensive since peace talks with the Afghan Government resumed last month remember too that president Donald Trumps promise to bring home u. S. Forces by christmas lets go live now to kabul. Culture for you is for us for you whats the latest on the price of. Ledger and like you mentioned the fighting began this weekend when the taliban launched an attack on how months provincial capital of scar got it has been i
China and russias election. Displaced in devastated the human cost of the conflict over nick on the cutback as the ceasefire between armenia and azerbaijan falters. Election abortion obamacare and just some of the topics featuring on day 2 of the confirmation hearing of President Trumps u. S. Supreme Court Nominee Amy Coney Barretts republican and Democratic Senators each have their c minutes to ask about subjects that are important to Many Americans the full senate could vote by the end of the month on whether to appoint her just ahead of the u. S. Poll on november 3rd. Well in the last hour or so barrett was questioned by democratic Vice President ial candidates come a harris she grilled barrett on a range of issues from abortion to the Affordable Care act my colleagues have asked you today whether you would recuse yourself from cases on the Affordable Care act you did not directly answer their questions and instead you described the process by which that would work or happen and so
Disclosed his firm, what that thens for the stock, and a rough week for banks. Reports of suspicious transactions and backlash against wells fargo ceo, but there could be some positive factors ahead. My colleagues, ben levisohn, carlton english. Ben, im going to start with you. Weve been chatting this week about the market, and you kept on saying stocks are behaving in a weird way. Whats so unusual in. The week started pretty badly, fears about covid resurgence in europe that really knocked the market down. It built with the questions about economic stimulus and the likelihood that we wont get any, fears about the economy, about the election. And the market kept dropping, and it really looked like good news wasnt going to matter much. Nikes earnings were great, it didnt help the overall market. Darden, which owns the olive garden, it reinstated its dividend, this is a restaurant stock. But, again, that didnt have any big effect on the market. And even when california announced that it
Clerk thank you. We have four yeses. Motion passes. Thank you, madam secretary. Please call next item, please. Clerk next item, number 20, discussion item, executive directors report. I will keep mine very short, however, i do want to point out that weve been extremely lucky since the shelter in place order. Weve been able to hire two of our t members of our Leadership Team into permanent positions. Ba do is on the reporting side, and were more than happy that bill and his team have adopted him and have assured us that they will be always available to help him be successful in his job. A second key hire that we have brought on board last month and a project that ive been working on for 15 years, and that is to get a Quality Assurance Operational Risk office started in the department, and i have been working with mr. Derwin brown for nearly two years, i think over two years, frankly. Tried to convince him that he needed to leave the l. A. County plan and come up and join us in San Franc