Conscience that my enthusiasm for some companies is completely infectious buy buy buy buy buy buy people want to own stocks and they want to open the stocks in the worst way. [ booing ] so when the market dips 80 points, i want to talk about the worst way. [ booing ] because i see that happening way too off and we have to stop it this market has had a spectacular run and that should make you more, not less cautious i dont know where the top will be, but i do know were a lot closer to the top than we were in march or april when it felt like the sky was falling before i get started, i want to thank twitter. Yes, twitter, for exposing me to the worst ways of buy, trading, and owning stocks. Were all stuck in our own little world right now we had a call for members of the action alerts plus club this afternoon where i answered questions. Most of the club members are people who like the stocks we own for the charitable trust, the household names. Look out, theyll buy anything and i mean som
Claims rising back above 1 million. The fed voicing concern of its own about pace and state of the recovery josh, brown, the question today is how long, how long can stocks continue to outrun the economy well, i would argue that stocks have been out juning the economy since 2009 we clearly had an economic recovery that had been accelerated in recent years the longer it went on, but it hasnt come close to what the top 10 of american households by wealth have enjoyed by virtue of being in stocks and real estate as investment how long can that go on for . Its been going on for more than a decade if anything, you can make the argument that the pandemic has done nothing other than accelerate that trend. Its not a great thing to be hold the stocks that continue to work, anything tech, almost anything tech, anything work from home. Take a look at zoom. Were not even talking about it anymore. Its almost like its a given. Then you have this contingent of companies that have adapted themselves t
Welcome to the San Francisco remote hearing for thursday, july 30, 2020. Ill enter into the record the mayor declared a local state of emergency related to covid19. Furthermore the mayor and governor have issued orders making it possible to hold hearings remotely. April 3, 2020 the Planning Commission received orders to rehold remote hearing. Im requesting everyones patience. The platform not perfect and at times fail. If you are not speaking, mute your microphone and turn off your video camera. Do not hit controls that may affect other participants. To enable participation sfgov. Tv is broadcasting and streaming live and will receive Public Comment by calling the tollfree number across the bottom. Opportunities to speak during the Public Comment period are available by calling 18882733658 access code 3107452 speaking pound and pound again. If you are connected and would like to speak or submit your comment hit 1 and then 0 and you will have three minutes and will hear a chime when you
Rehold remote hearing. Im requesting everyones patience. The platform not perfect and at times fail. If you are not speaking, mute your microphone and turn off your video camera. Do not hit controls that may affect other participants. To enable participation sfgov. Tv is broadcasting and streaming live and will receive Public Comment by calling the tollfree number across the bottom. Opportunities to speak during the Public Comment period are available by calling 18882733658 access code 3107452 speaking pound and pound again. If you are connected and would like to speak or submit your comment hit 1 and then 0 and you will have three minutes and will hear a chime when your time is up. Best practices are to call from a quiet location, speak clearly and slowly and mute the volume on your television or computer. Theres a delay on the sfgov. Tv board of by a good 60 to 90 seconds and if youre streaming theres a delay of a good 15 seconds. At this time id like to take roll. Commissioner koppe
Subcommittee on social sushlg held a hearing on the impact of coronavirus on Social Security. Several raised concerns about a payroll tax cut which they said would reduce funding for the program. The subcommittee on Social Security will come to order. I want to welcome all of our witnesses and audience members. Thank you, everyone, for joining with us today as we all bear up under covid19 and address technologically to coming together. We will begin with Opening Statements by myself and the Ranking Member followed by testimony from our witnesses, and the opportunity for each member to ask questions. Well dispense of the practice observing givens rule and instead go in order of seniority for questioning. Alternating between minority and majority. Members will be responsible for muting and unmuting themselves throughout the proceedings. I thank you all for your patience as we navigate this new technology in order to continue serving our country in this great time of need. With that, i wo