What could detail the stocks the s p advanced and the nasdaq climbed 1. 24 . What would make us want to dump the red hot stocks that have been leading us higher i dont see this rally collapsing under its own weight, which is what happened the last time we had an explosive tech rally in 2000. We got ahead of ourselves but the Actual Technology wasnt there yet. We laugh at the. Com casualtiecs the truth is they are ahead of the time it could have been chewy i want to take on the hateful 1999 analogy, remember when it was shot up in 2000. I want to take it on directly. You have to understand why its misleading and constantly brought up and why it makes sense to do so because there are surface level parallels but not that much otherwise. Back then we had two markets, the s p 500 and the go go nasdaq which is a little like today only one of those markets was real the s p. Thats a major difference this time around. Im more confident in todays Tech Companies even if the valuation seems stretc
The role the economy will play in campaign 2020. A 9 00 a. M. , Pew Charitable Beth Connolly on how the pandemic has impacted the Opioid Epidemic. Good morning. It is july 15, 2020, a hundred 11 days until election day 2020. 111 days until election day 2020. President trump and Vice President joe biden had plenty to say on everything from the economy to the handling of the coronavirus pandemic to the environment and trade. We are washed asking you to weigh in. What is your top issue in campaign 2020 . Democrats can call 202 7488000. Epublicans, 202 7488001 independents, 202 7488002. You can also send us a text message this morning. That number, 202 7488003. If you do, please include your name and where you are from. Otherwise, catch up with us on social media. On facebook, it is facebook. Com cspan. You can start calling in now as we show you two takes on president Trumps Press Conference from the rose garden yesterday. Here is the headline from breitbart. Donald trump tears into joe b
We got a hard reversal all afternoon thanks to saber rattling over the south china sea. 560point gain to close up 11. Nasdaq led us lower plummeting 1. 3 and s p lost. 93 some will say this, that this today was a short term top i think it was just a hideous Money Managers eager to lock in gains. Who can blame them one was up 7 . Up 7 last week and you know what i think it could be short term in nature. Its got a great start to a week that sets the tone for the whole earning season what is the game plan for the next four days since i was away on friday . You know what . Weve heard from pepsi co today. Pepsi gave upmost of its terrific gains we also got a big Semi Conductor deal by entbetter than expected numbers and that the how it felt before the rolled over tomorrow is where the rubber hits the road, and it could be rough. We hear from the best of the banks and the worst of the banks. J. P. Morgan and wells fargo. I dont know if j. P. Morgues results will be good enough to offset well
Chair lowey i will say good morning again. I call this meeting of the committee on appropriations to order. Before we begin, house rules require me to remind you that we have set up an email address to which members could send anything they wish to submit in writing. That email address has been provided to your staff. Our first order of Business Today is consideration of the department of defense appropriations bill for fiscal year 2021. I will not recognize to present the bill. Thank you, madam chairwoman. Before i begin my remarks, i reluctantly have to acknowledge this will be my final Opening Statement before the House Appropriations committee. I have no new revelations to make but for those of you who will remain on this committee, there are a few things i would like to say. Him saying them as someone who is so compulsive, he saved the congressional record on the day he was appointed to this committee after years of efforts, which makes mr. Rogers, my good friend, the only person
Groups have switched from bear to bull market territory and they still have plenty of room to play catchup. Even when we get hit with waves of bad news. Nasdaq, did okay, quite a difference when i was out there when it was just a sea of red. Stocks opened up terribly. But then the strong bull markets that im talking about, the ones that are underneath, they surfaced, they quickly took over and we rolled back a big chunk of the decline buy buy buy something i pointed out on squawk on the street. When a rally has leaders from many different groups, and the better breath we have, the more kissable this market is, and thats what were seeing right now. Who are these leaders im talking about . Some youre very familiar with, because we talk about them all the time yes, bull market number one, the work from home cohort, which is a cluster of smaller bull markets. Zoom video, and at the orefron are the cybersecurity Stocks Companies need to be about protection when they put everything on the cl