On his tweets. A feel good story i cannot wait to talk about. The ceo who is putting veterans back to work. All that and so much more on making money. Charles stocks in the green. Investors digest positive earnings reports. Economic data continues to be positive. You know this week weve been focusing on a couple themes, right . Investment rotation, major breakouts how i think wall street is pricing stock market were learning to live and prosper while coexisting with the virus. Where do we go from here . We want to bring in phil blancato. Your assessment with were seeing in this market. I think we have rotation going on. Cyclical stocks, value names but the break out has been impressive. It has. Were only down 4. 25 on the year. Incredible to see how far weve come. Youre seeing most undervalued names, those left behind bounce back, particularly the banks. Theyre having a difficult year. Im less excited about materials and industrials but that is it an area of the market that is showing
Day. West wind verses the north wind. We will do it every time with the hot pattern that ends and the cooling begins. Some gusts near the coast about 25 to 35 Miles Per Hour. Highs near average to a little above, but this will be the last day for that. Temperatures are heading down, going down 15 to 20 degrees. 101 inward yesterday. Today down 20 for redwood city and napa 101 to 95. Your onshore breeze is kicking in. Out towards the side 22, 25 out of the west, southwest, no longer a northerly breeze, even out towards black diamond, above clayton there. Oakland, berkeley hills, all westerly component now. And the fog is making a big, big move, taking the turn towards the coast, probably going through the gap in a couple of hours. Now 50s, 60s. We have begun with that onshore direction. Still a component of the offshore, but not at the surface. All turning onshore and our temps are way down. They will be much cooler for your weekend with with the offshore direction thats being taken out
Committee will come to order. Without objection the chair is authorized to declare a vereces of the committee at any time. This full Committee Hearing is convened regarding the administration ee administrations attack on the aca. I recognize myself for five minutes to give an Opening Statement. We are hear today because of on march 25th, 2019, the Trump Administration filed a two sentence letter with the United States court of appeals with the fifth circuit reversing its own previous position in the case of texas versus United States and asserting for the first time that it would not defend any portion of the Affordable Care act in the court. If the Trump Administrations position prevails and the entire aca is struck down, there will be catastrophic implications for millions of americans in the entire United States Health Care System. Ive often said that voting for the Affordable Care act was the most important vote of my career. And let me tell you why. When Congress Passed the aca in
The senate was in session on sunday. They did authorize the export import bank. By now, current funding for transportation projects is set to expire by the end of the week without congressional action. You can watch the senate live on cspan2. Coming next, Robert Mcdonald testifies before the house of Veterans Affairs Committee Full top been question and answer with robert gordon. At 7 00, washington journal is live with this mornings headlines. Robert mcdonald warned that a 2. 5 billion budget shortfall may lead to hospital closures and employee furloughs. He testified as to why there was a budget problem and the possible ways to address it. This is just under three hours. Welcome to this hearing and i appreciate your attendance. We are gathered to discuss vas budget execution for this fiscal year. As the own now, the stakes have been raised considerably since the deputy secretaries testimony on june 5. Deputy secretary was asked this question. If congress does not ask on the 2015 budg
After he criticized the move. All of this happening on day one of a brandnew congress. Republicans are pushing an aggressive agenda as vow to put up a fight. Weve got you covered on this very busy hour. David and the markets getting aggressive there at the end. The dow climbing in the final minutes of trading. Nike and verizon moving positive and oil moving in the opposite direction. The ce in chicago to tell us why and lori rothman is on the floor of the new york stock exchange. Lori, it was up more than 170 points and in the morning it lost it, and then it came back. Why . Hi, david. Happy new year. We did see some latesession buying today. Thats for sure. Quick answer to your question, the vix. Volatility index falling about 6 or 7 , give or take, today. So that means investors are feeling more calm, more confident about what lies ahead. So safe to say that post election rally rolls on here into the new year. Now, we do have a bunch of story stocks to run through for you here. Lets