Without objection the chair medically resource recess without objection the chair may declare a recess had any time i want to go through the usual housekeeping matters todays session is an on an unclassified basis all participants should refrain from discussing classified information on Public Disclosure and the committee is conducting the virtual hearing with House Resolution 965 and the resolution of the proceedings is being broadcast live on the Committee Website because it remains ongoing and so we wish we could return to all Events Health and safety protocols means you have alternate means to carry out so let me remind members and consistent with regulations and to limit background noise members are responsible to unmute themselves when they are recognized for their five minutes because there are delays that would ask members andbe witnesses to allow sufficient time to make sure the last speaker is finished. You must have your cameras on at all times if you step away from the proc
First to the east coast, where Health Officials found some reason to hope. Even though new york, new jersey and connecticut all recorded their highest oneday debt poll today. New yorks governor said the rate of hospitalization is slowing other worstcase scenarios and people in need of i see you care have not materialized. Here in california there are also signs the spread of the virus is slowing. Governor newsom said today i see you hospitalizations increased just 2 in the last 24 hours, down from double digit increases last week. California has more than 17,000 confirmed coronavirus cases and 452 people have died. And there were celebrations in wuhan, china today ended a the pandemic began. And within hours, 65,000 people have left the city of wuhan. Today the Chinese Government also said there were no new cases of the virus in wuhan and for the First Time Ever there were no new deaths from the coronavirus in china. Now to the increased rate of deaths among black americans in the unit
And infections surge around the world with outbreaks and 65 countries. Withe a 50 jump in cases 34 people know dead. Well, what a day. Take a look at markets right now. Lets start with bonds. Were going to take a look at the aussie three year, hitting a record low at. 35 . The aussie 10 year, pretty weak. The new zealand 10 year also slipping. Were seeing yields on bonds falling to levels previously unseen. Barrel. Ude 49 a wti is below 45 a barrel. Lets check in on currencies. Dollargot the kiwi trading like this. Coming in betterthanexpected , 2. 6 . But this predates the coronaVirus Outbreak. Weve seen exports rise in new zealand to 1. 7 . The yen was a big mover, strengthening 3 against the u. S. Dollar. That trend looking to continue. A 54ussie dollar has handle, and that happened after we got those absolutely shocking pmi numbers out of china for february. So, hows that setting us up for Equities Trading around the region today . New zealand up and running and off 3. 2 . We have
He built up. Incredible work, turning around best buy and positioning it as amazon came in and took a lot of market share. Romaine he did that, but the person standing beside was corey perry. We will let you know once we get more details. In the meantime, stock market closing higher. Record highs all around. Lets check in with our reporters as they monitor the different stories out there. Im thinking about something ,ou and joe were talking about the week. We may have record highs, but there is some defense going on. The best sectors for the s p 500, utilities up top, nearly 4 . Even though we have alltime highs, the s p 500 is coming on defensive sectors. Real estate is up 2. 5 . Rates are about flat. Typically these would do well if rates were going lower. Of the growthome sectors here, tech and materials. This is a longterm chart. Utilities tend to do better at the end of the markets. To2000, the peak was closer the end of 2000. 500 peaked in p october. The fact that we have all thi
In one place. Why did you write it . Principles of everything i learned are in the book. I administer age of my life in which im transitioning from the second stage of my life, when one tries to be successful and others are dependent. The third stage of life is watching other people will be successful. Over these years, i have accumulated a bunch of principles to be successful and i wanted to pass them along. They were built at bridgewater and i want to pass them along. Somebody insual for your position, somebody managing investments and running the company of bridgewater, to write a book like this. How did you find the time . I have been writing these down for 20 years. That into a habit recommend to you or anybody else. Whenever i am faced with a decision, i think about the criteria for the decision and i write them down. The same things happen to us over and over again. If i am making mistakes and learning, it is a good exercise. Thetually, i put these into investment process. I hav