The outgoing chairman, mike johnson from louisiana from indiana mike johnson from louisiana and jim thanks from indiana. Im going to do a quick interruption of them and then ask questions but we will take questions from the audience. If you would like to ask questions, please submit them to chris see hris. Gavin at a. Org. We will put them up. I have a bunch of my own questions as well so we will try to get to them as they come up. Representative jim thanks is chairman elect to the committee and representative thinks is inn his second term representative of the Third District covering the Northeast Corner of the date including four lane. Thanks service in the Armed Services committee on education and Labor Committee and Veterans Affairs committee. He is the father of Young Children so we always like to have, no about peoples families. Representative johnson is the outgoing chairman, the second term representing Fourth District of louisiana covering the northwest part of the state inclu
Do you dunk the entire covid cohort or stick with it on a dow when the rose 183 and the nasdaq gained 1. 8 the reaction to zoom Video Communications after it reported a good quarter that wasnt quite good enough for wall street. This company practically sin none mouse with the new normal and look ban on 2020 as the year of zoom so when you see it down 15 its alarming. You got to wonder what that means for the rest of the stayathome stocks. The answer, nothing. Just because zooms insanely high growth is decelerating that doesnt mean the trend is over in fact, id argue it never had gone away because this year has shown us millions of jobs can be done better from home. No need for that central office. Why go to meetings to negotiate or sign documents when you do everything over the web and save millions, maybe ten, maybe hundreds of millions in travel, hotel, dinners, zoom, i mean thats how the 39 billion s p global ihs market deal was consummated as we heard from Doug Pederson on mad mone
We will bring you fast money trades straight ahead. We start off with a zombie ap k apocalypse on wall street. Many icons are among the walking dead like macys carnival, delta. Nearly 200 companies have joined the zombie rank since march. Total debt obligations nearing 1. 4 trillion dollars a lot of these names are names we talk about trading on this show how should we start thinking about this before we get into the walking dead, i want to point out, a great job by our crack staff leading with the cranberry zombie, and delores was the founder of the zombie. I may have gone with Something Like this if the crack staff is listening. We are now two minutes into the show its important to point this out because folks at home are paying attention apparently more important than actually trading our first topic in what is known as the ablock of the show. Its not more important its important we will talk about ablock and Zombie Companies last night we talked about macys and we talked about the
The s p market barely budged but the stunner was the bond market, hitting its highest level since march. Chris called this on the show a couple weeks back. Where are we headed from here . I think we are headed with the yields going up still. What is important about this move, it is not a few days old it is a few months old the trend here is several months old. I think any shortterm pullback in bond yields, that would be an area to be a seller of bond. We think yield can go up from here if you look at the longer term chart, you have to focus on where yields bounce from in 2016 and where they broke down from in 2020. When you look at this move, i think 130, 140 is ultimate lit where this is likely to go thats where the key levels are. I think as bond yields have gone up, the yield has gone up. 80 basis points and i think Equity Leadership changes ri long with that the kre here is starting to break out, not just relative to s p but on its own right the technical is starting to improve her
Texas becomes the 1st us state to register a 1000000 covert infections, and its now resorting to mobile more scientists. A painting that the number of virus related deaths will spiral developers of a russian corona. Virus vaccine provides distribution after advanced trials point to being highly effective. Hungary says it wants to join the queue for the production, the at least part of the production, 200. Welcome you are watching on c. A furious about their countrys peace deal with azerbaijan. They see it as a humiliating defeat. For the last 2 days, 11 has been gripped with unrest. Protesters have been calling for the Prime Ministers head to roll. I was going to do was well then rest continued into the night with police resorting to using tear gas. And one point protesters gathered near the Parliament Building where multiple arrests were night. Before my canadian diplomat, jeremy kinsmen explained to us why hes optimistic about this peace deal. When you have a narrative that goes back