Recordbreaking rally after we head into a long weekend while it has been a number to remember, the best month in 33 years, the recent leaders and laggards have been turned upside down chevron leading the way and apple up only 7 power lunch starts right now hi, everybody, im kelly evans. Stocks are pulling back after this huge november rally lets go to dominic chu. A huge november rally thats put the dow at least in some catchup territory as you can see in the 2020 over the last year plus, weve seen the dow industrials just up 6. 5 in that span the s p, meanwhile, is up 16 , nasdaq up 40 . That catchup play in play right now. Watching whats happening with the rotation element weve been talking so much about, as tyler mentioned, look at the way energy has played out just over the course of the last month 38 monthtodate gains for the energy etf financials up 19 . Industrials up 17 the value and economically sensitive sectors are the ones leading the way higher in the month of november. As
At a joint hearing on the coronavirus and the procurement of personal protective equipment and other medical supplies. This rants an hour and a half. Joint hearing will come to order. Let me begin by thanking everyone for joining us today. I hope that my colleagues, our witnesses and viewers are staying healthy and safe. I want to thank chairman pain and Ranking Member king of the Emergency Preparedness response and recovery subcommittee, for coming together with Ranking Member crenshaw and i to hold this hearing. We are here to discuss federal and state efforts to picker critical supplies and response to the coronavirus pandemic. First, i want to acknowledge that the federal Emergency Management agency, fema, who is put in charge of the federal governments response was asked to testify today. While fema is not here today, i understand that and miss straighter gaynor plans to appear before the full Committee Later this month. Im pleased to hear this because it is vital that we Work Tog
I hope my colleagues, witnesses, and viewers are staying healthy and safe. I want to thank chairman pain and Ranking Member kane at the Emergency Preparedness respond and Recovery Committee for coming together with the Ranking Member and me to hold this hearing. We are here to discuss federal and state efforts to procure critical supplies in response to the coronavirus pandemic. I want to acknowledge the federal Emergency Management agency, which was put in charge of the federal governments response, was asked to testify today. Fema is not here today, but i understand there is an administrator to appear before the full Committee Later this month. Im pleased to hear this, because its vital we Work Together to address this challenge. I look forward to meeting with administrator gaynor soon and hearing what administrators have to say to form the discussion. Theres no denying the coronavirus pandemic has presented unparalleled challenges. One of the greatest challenges has been procuring a
Youre taking. Margin right out of your pocket. Do you not see that . We overhauled their Business Model and their building. But they recently received news. Marcus lemonis with carcash regarding an eviction. That could shut the business down for good. Andrew its not right. Really, its not right. Lemonis in jacksonville, a talented candy maker tied up in a bad deal. Dane i dont want to sell. Lemonis in 18 months, that tiny company has been transformed into a multimilliondollar business. You did 538,000 compared to like 35,000 the year before. Peter thats a big difference. Lemonis but the biggest move. What do you think we would do with this building . Is yet to come. And a familyrun Clothing Company, once crippled by bad designs and bad tempers, got a new look. Man oh, my god. Lemonis . And new clothing lines. Noemie i love it. Lemonis but some very familiar problems still exist. Nicolas you dont change that. We will tell you whether it is feasible to do. Lemonis its another progress re
Expected i think were going through a period of i hate to use that cliche, rational exuberance. People want to get back in the market and theyre being when you see this nickel you featured highly for the last couple days, people are just anxious to put money. Theres a lot of money on the sidelines. And i personally think that we should be concerned and be concerned about whats ahead for the economy. The rest of the summer and into the fall i mean, i think were living in artificial dream world at the moment i think unemployment is going to increase i think that businesses are not going to come back to work as fast as they have. On the other hand, on the other hand, and im going to be selfish, we have companies that are doing well in this environment. But they in special neariches. There are companies who are going to increase and probably certainly a company like facebook and apple and several of the others you mentioned are beneficiaries of this times were living, the Delivery Companie