I want to take a moment of personal privilege. It is an article about hawaii and its history, some is good and some is not. The ninth district in virginia currently represent jennings was the only printing to vote so were kind of proud of that, its a little different than the rest of the state, sometimes good, sometimes bad but mostly good. Please take your seats. The subcommittee to order and i now recognize myself for five minutes for an Opening Statement. August 7 and eighth, a series of the out of maui and hawaii, including one that devastated the town of lahaina on the west coast of maui. When electric came in to dispute facts surrounding this event, one thing is important, its catastrophic to the state of hawaii and we must make every effort to be vigilant and prevent a similar disaster from striking again. Lahaina fire took at least 97 lives and burned thousands of acres cost billions and damage, destroyed landmarks. I am saddened to hear the stories of those who survived awaiti
Have not been determined. It could take several months to more than a year. The corporation is a multiple ongoing investigations to what happened. The subcommittee hearing is just over two hours. I want to take a moment of personal privilege. It is an article about hawaii and its history, some is good and some is not. The ninth district in virginia currently represent jennings was the only printing to vote so were kind of proud of that, its a little different than the rest of the state, sometimes good, sometimes bad but mostly good. Please take your seats. The subcommittee to order and i now recognize myself for five minutes for an Opening Statement. August 7 and eighth, a series of the out of maui and hawaii, including one that devastated the town of lahaina on the west coast of maui. When electric came in to dispute facts surrounding this event, one thing is important, its catastrophic to the state of hawaii and we must make every effort to be vigilant and prevent a similar disaster
Obviously, thats a big story of the day. We have big trade alerts in tech specifically we have josh and jim all hitting the button today, but in different areas. Josh, you just bought netflix here down about 2 . Why did you buy it what are you seeing here is this trade . Is this investment tell us what you are seeing. Right now its a trade. Ive done this before with netflix. When this stock blew up in, i think, april of 2022, it was, i think, like one of the best buying opportunities for a large cap growth name of the year. And it took a while. It wasnt like a vshaped recovery i dont know that well get a vshaped year. Once again, the stock is blowing up because the quote, unquote longterm shareholders here continue to embarrass the brand. I cant believe that we saw reaction like we did about them reducing the subscriber guidance it is such a childish metric to begin with it is people that dont own a business think that thats like an important thing when in reality, the company is telli
Im katie in new york. Welcome to bloomberg markets. You take a look at markets rate now. Its interesting. The s p 500 only up about. 2 despite what we are seeing in tesla right now. Of course boeing, too. Seeing a little bit after rise. A better story if you look at the nasdaq 100. There you are seeing more of the tesla effect. Up 8. after. 8 . Small caps just for fun. Not too much action. Currently the small caps index russell 2,000 is unchanged. Boeing, the troubled pairliner says it burned through nearly 4 billion as it tries to get a handle on its manufacturing issues. Ryan air c. E. O. Says hes bullish on the companys future. We are seeing optimistic signs. We have seen aircraft being pulled. From wichita to seattle. Without any defects being carried over. I think thats a good sign. Its the speed of the manufacturing process in seattle. We are now getting with the new Management Team in place, i think we are going to hopefully see the end of these production challenges. Katie joan
International demand still strong . Wee well check in with that. Looking forward to both of those interviews. This morning as optimism has faded as bond yields have turned higher once against. The nasdaq, the s p down about half a percent. We were up more than 31 . Were down nearly 6 , and the key number were watching, call that, yes, correction territory. The question is, why . Whats changed . For more we turn to michael santoli. Mike, maybe i mention treasury refunding in early august as a possible catalyst. Obviously its part of the mix. If i boil it down among the asset markets that are testing the they areholds, its not just a level, but a somewhat disorderly selloff in treasuries thats also nonfundamental. Yields going up for, quote, the wrong reasons all of that stuff is in the mix, with the market entering august, where where you had soft landing consensus got pretty cozy. Then when you have energy and the dollar also closing off some of the escape routes, so to speak, i think