Dow plunging 525 points. S p plummeting 2. 37 nasdaq nosediving 3. 02 . I got to tell you, i think this decline is healthy this market needed a beatdown if only a learning experience for people who thought it was too easy when the market is roaring, a lot of investors seem to forget the most fundamental rule, buy low, sell high they want to buy high and sell higher the problem with that strategy is when stocks go down, they go down hard. You tend to lose money faster than you make it rather than being panicked by the sell off you in a very proverse way should be cheering for it we needed this why . Because we needed to break the nasty pattern of 1999 to 2000 so many people refer to during the run the leaders never took a breather. They kept charging higher and higher until the market peaked when they collapsed. Millions of investors led to the slaughter house. I began to wonder we might be doomed to repeat the mistakes of the. Com era. The markets led by a hand full of Tech Companies b
The head of the library of congress who testified before the senate rules and Administration Committee on modernizing library on efforts to digitizing secure documents and to describe the public would have more access to the collections. She was going to buy the Copyright Office director and bernard bartend the chief Information Officer of the library. Only a committee to the library i think that is particularly helpful you could be here with us today as well as a member of the Committee Said shes here as the committee and also on these topics particularly valuable in the roles of appropriating we have been having with the library, with the smithsonian, the architect of the capitol these kind of oversight hearings to fulfill that responsibility and be sure that we are giving the agencies that help they need. We are glad to be here of course with the library and doctor carla hayden and the librarys chief Information Officer and the register of copyrights. Thank you all for being here to
Only a committee to the library i think that is particularly helpful you could be here with us today as well as a member of the Committee Said shes here as the committee and also on these topics particularly valuable in the roles of appropriating we have been having with the library, with the smithsonian, the architect of the capitol these kind of oversight hearings to fulfill that responsibility and be sure that we are giving the agencies that help they need. We are glad to be here of course with the library and doctor carla hayden and the librarys chief Information Officer and the register of copyrights. Thank you all for being here today. I think we want to talk primarily at least i want to talk primarily about modernization. We had a chance at the last meeting to talk about the ideas of how to make a labor even more of an experience for people who visit. I think we want to talk today about how the modernization of the ailments are coming together and all of the services or being be
We will hear testimony from dr. Carla hayden. This is a little more than an hour. [indiscernible] chairs the committee for the library which is particularly helpful that you could be here with us today and also a member of the committee. This is particularly valuable in her role that we will be in the discussions we have been having. These types of oversight hearings. We want to give the agencies that help they need and we are glad to be here with the library and, dr. Carla hayden, with mr. Karyn temple,d the registrar of copyrights. Thank you to all of you for being here. I think that i want to talk primarily about the modernization. We had a chance with dr. Hayden to talk about the Physical Plant to ideas of making the library even more of an experience for people that visit there. I think we want to talk more about how the modernization of at the libraryts are coming together and how all services are being benefited by that. The library performs a lot of functions for us, historical
The pboc sets its daily reference rate past seven dollars for the first time, but risk assets gain is the number is stronger than consensus. Oil bounces from a sevenmonth low as the kingdom calls producers to discuss a response to the slide to the bear market in oil prices. As european earnings season continues, we will speak with the ceo of adidas and the cfo of merck. Matt good morning. Less than a halfhour away from the start of equity trading. Take a look at the 10year yield. Do you believe what the bond market is saying right now . Dropping below 1. 6 in yesterdays session. Is that forecasting a recession to come . Take a look at futures. They are indicating that the number is no. We see futures turning higher. Interesting that futures are trading higher across the continent and in the u k, as well. We are prepared to get some of the biggest exdividends on the index. Astrazeneca, unilever, some really big weights on the stoxx 600, watch for them to drag on the index gained today.