Good Tuesday Morning welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan at post nine of the new york stock exchange. Jon fortt joins us from investor day for qualcomm, first one since 2016 a lot from jon throughout the hour, including a sit down with the ceo exclusively in a few moments. We start with tech on a tear, on pace for the best year in a decade, shrugging off mixed earnings concerns. Sectors off another record close. The dow is selling off, down 120. Buyers beware. Some say were set for overbought conditions when it comes to tech. We talk more about this and the market at large. The chairman of Global Internet banking, good to have you back. Thanks for having me. How do you put the run weve seen, especially in things like semis into context whats driving it . It is amazing, nasdaq up 28 , driven by bigger cap companies, apple up over 60 , microsoft up over 40 , facebook up over 40 to add to the point, semis has been a sub sector, up 58 , driving growth other s
The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Eternal god, we give you thanks for giving us another day. Send your spirit of peace and calm that all might have confidence in your faithfulness to us. That no matter what lies ahead your grace is abundantly available. Now we approach a week during which all americans will gather to remember who we are. A nation generously blessed not only by you, our god, but by courageous ancestors faithful allies, and the best good wishes of people everywhere who long for freedom, who would glory in the difficult work of participative government and who do not enjoy the bounty we are privileged to possess. Bless the members of this assembly and us all that we would be worthy of the call we have been given as americans. Help us all to be truly thankful and appropriately generous in our response. May all that is done this day be for your greater honor and glory, amen. The sp
Next, the hearing on the house energy and commerce subcommittee on the potential Health Effects of e. Cigarettes. It also includes Public Officials from North Carolina, massachusetts, michigan and kansas testifying how the states are responding to the rise in vaping related illnesses. The subcommittee on oversight and investigations hearing will now come to order. Today the committee is holding a hearing entitled sounding the alarm the Public Health crisis of cigarettes. The purpose is to examine the Public Health impacts the regulatory authorities related to key cigarette manufacturing sales and use. The chair now recognizes for purposes of an opening statement. Our country is facing a serious Public Health epidemic one that is causing severe harm. It will examine the cost of the epidemic and the uncontrolled rising use of e. Cigarettes lifethreatening illnesses and the use of products we must work to protect the American People from the misunderstanding about these products. The data
The subcommittee on oversight and investigations hearing will now come to order. Today the committee is holding a hearing entitled sounding the alarm the Public Health crisis of cigarettes. The purpose is to examine the Public Health impacts the regulatory authorities related to key cigarette manufacturing sales and use. The chair now recognizes for purposes of an opening statement. Our country is facing a serious Public Health epidemic one that is causing severe harm. It will examine the cost of the epidemic and the uncontrolled rising use of e. Cigarettes lifethreatening illnesses and the use of products we must work to protect the American People from the misunderstanding about these products. The data is clear over the past several years, we have seen an unacceptably high proportion of people facing nicotine addiction. This year alone more than 27 of High Schoolers report they are using ecigarettes or vaping as it is also known. 2011 to 2015, there was a 900 increase, 900 increase
A doctor chief Deputy Director for chief medical date executive officiant. Doctor elizabeth, state Health Director and shes medical officer of North Carolina formative human services. Doctor lee norman, secretary of the chemists department of health and environment and doctor monica rl, the commissioner of the Massachusetts Department of Public Health. I want to thankf all of you for appearing before the committee today. You know aware that the committee is holding an investigative hearing and we do so, have a practice the taking of testimony on oath. You have any any objections to testifying on oath today . No. Let that reflect that the witnesses have responded no. On the rules of the house, and the rules of the committee, entitled to be accompanied by counsel. Through do any of you request to be accompanied by counsel today. Now let the record reflect that the witnesses have stated no. If you would then, please rise and raise your right hand so you may be sworn in. Do you swear the t