Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Without objection so ordered. This is a hybrid hearing i want to remind members of key regulations from the House Committee on rules to ensure that the hearing goes mooths smoothly. Members must be visible on screen for the purposes of identification when joining this hearing. Members must also continue to use the video function on todays Software Platform cisco web x for the remainder of the time attending this hearing unless experiencing connectivity issues or other technical problems. If a member is experiencing any connectivity issues or problems, please inform the Committee Staff as soon as possible so you can receive assistance. A chat function is available for members on the web x platform for this purpose and members can also call the committees main phone line at 2022254472 for Technical Assistance by phone. Members may also not participate remotely in any other proceeding that may be occurring simultaneously. It is the responsibility of each member seeking recognition to unmu
Order. I ask unanimous consent that the chair declare a recess at any time during todays hearing. Without objection so ordered. I ask unanimous consent that [ inaudible ] the subcommittee be permitted to sit with the subcommittee at todays hearing and ask questions. Without objection so ordered. This is a hybrid hearing i want to remind members of key regulations from the House Committee on rules to ensure that the hearing goes mooths smoothly. Members must be visible on screen for the purposes of identification when joining this hearing. Members must also continue to use the video function on todays Software Platform cisco web x for the remainder of the time attending this hearing unless experiencing connectivity issues or other technical problems. If a member is experiencing any connectivity issues or problems, please inform the Committee Staff as soon as possible so you can receive assistance. A chat function is available for members on the web x platform for this purpose and member
This is. Semisurge, theyre leading us to new highs. Yeah, and its been pretty interesting, scott, because this has been a much broader rally than i think a lot of the folks have talked about over the last couple of weeks, and part of it is its the semiconductors, thats one of the areas everybody looks at the big 5 theyre not looking at some of these other names. When you look at the smh, and you see where its trading now and near all time highs, it gives you a little bit of a sense of how much activity there is there, and continues to be there. We have seen so much in the unusual options side of things its been incredible across just about every name that you can imagine. So it certainly does stand out to me that thats been performing, along with biotech to the upside, and both of those, oftentimes youre going to see most of those names in the nasdaq, and thats part of the reason youre seeing some of this outperformance from the nasdaq is this the week that growth took the market back,
If there is indication here, there must be a positive here, which is what they wish to continue the sort of a magic spell of which is something which has worked in the past. But i think that its wearing off very, very deeply right now is theres a, a certain fatigue amongst the western population which has been said the same line that russia is just about to lose rough is just about to lose for, well, well, over a year really since the 1st days of the military intervention began, and, and i think what we see is, is a complete failure and of govern ability amongst nations of europe and including the United States as well a destruction of ability to basic ability in the 1st world, countries to supply energy, reliable food, or even simply convinced the population that their economy is not about to collapse and sitting on the precipice. All of all of these things are very, very difficult to uphold. So i think that people are not really buying the same plate as they used to be. Yeah, you kno