Markets. Dow is up 181, 30,150, all three of the averages setting record highs today. Shannon, you have made some very interesting moves in your portfolio, both what you have trimmed and what you have added to first to what you have trimmed apple and microsoft. T tell me why. So really two different stories here, scott. First of all, ill start with microsoft. As i talked about on the show, this is our Largest Holding and remains a very high convince for us we still have a lot of confidence in azure and the endtoend software it offers but from a portfolio perspective, it was time to trim apple, weve seen a significant runup, 75 in the last year and we really feel like a lot of that has come on multiple expansion. Weve gone from about 15 times to about 27 times. Although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight were going to continue to hold the stock and maybe look for oppor
Assuming it is joe biden who takes office in january, whats he going to do . So far thanks to a very protective press corps, mr. Biden hasnt faced too much tough questioning. Take these examples from at the launch of his economic plan this week. What do you see as the biggest threat to your transition right now given president trumps unprecedented attempt to obstruct and delay a smooth transfer of power . I want to get your thoughts on the president s tweet. How did you interpret that, and at the end of the day, do you want him to concede . What is your message to people who are considering, for example, getting together with their families and others for thanksgiving . Would you consider would you urge people to reconsider their plans . Gerry not exactly an interrogation chamber. Anyway, his first task would obviously be balancing the needs of the economy with the demands of public health. Hes been critical of president trumps handing, but not always completely clear what exactly he w
It will beevie says to salesforce what instagram was to facebook. Planning a new set of chips to outperform intel. What it means in the next generation of macs and more. First, u. S. Stocks dropped monday amid a surge in case of covid19. We are expecting to hear more about the Vaccine Distribution as states try to outline the doses, how many they will get, and one. Lets get to Abigail Doolittle with the latest on how it is played out in the markets. Breakdown that and what is to come this week. Abigail an interesting day we have had big gains on positive vaccine news and this week the vaccine will start to be distributed in the u. K. There is some expectation that will happen next week, but we had a bit of a down day in some of the indexes. We had strength is the nasdaq 100 and other techheavy indexes. The nasdaq 100 up a nice day in a row its longest daily winning streak going back to december, 2019. That strength, emily tesla the stock up 7. 1 , continuing to store up till it will be
Top of the virus. Assuming it is joe biden who takes office in january, whats he going to do . So far thanks to a very protective press corps, mr. Biden hasnt faced too much tough questioning. Take these examples from at the launch of his economic plan this week. What do you see as the biggest threat to your transition right now given president trumps unprecedented attempt to obstruct and delay a smooth transfer of power . I want to get your thoughts on the president s tweet. How did you interpret that, and at the end of the day, do you want him to concede . What is your message to people who are considering, for example, getting together with their families and others for thanksgiving . Would you consider would you urge people to reconsider their plans . Gerry not exactly an interrogation chamber. Anyway, his first task would obviously be balancing the needs of the economy with the demands of public health. Hes been critical of president trumps handing, but not always completely clear
You should have a box on your screen that shows how much time is remaining. Some trouble and ive had senators tell me they just cant find that box or they dont see it. Last hearing one of the senators asked me to give them a reminder. I will do that this time for everybody. So at 30 seconds left on your clock, there will be a tone, a bell ring to remind senators and witnesses that their time is a most expired, then at the end of five minutes, another bell will ring. That way we can all know how the clock is working even though we dont find it on our screens. Today we will receive testimony from the securities and Exchange Commission chairman jay clayton regarding the work and the. Genda of the sec thank you for your appearance before the committee today which is essential to our oversight of the sec. And welcome. You last appeared before this committee in december of last year. The covid19 pandemic hit the United States shortly after that hearing and thesec has taken many important ste