Waiting new tariffs on 3 billion of experts waiting germany, france. The nasdaq is falling. Abigail doolittle has been watching this. Why the sudden drop . Up. Ail reality is catching its has been disbelief for many market watchers as stocks have climbed. The nasdaq just yesterday at an alltime high even as we have had disappointing economic data. And more recently news around the virus hotspots in the u. S. Today the information coming out hitting stocks. The s p 500, the nasdaq down. It is a continuation of the big selloff we had two weeks ago. Volatility showing up in other asset classes. Bonds themselves rallying. It was a true risk off day. Virus fears weighing on stocks but another factor, the nasdaq 100, i was talking about an alltime high, it is amazing how far it has gone, climbing the wall of worry, now a bit of a pause if the bulls are lucky or if it is a steep uptrend, you could keep it parabolic. For physics that cannot hold. You could see potentially a bad decline. Hopefu
executive order on social Media Companies. This is three hours and 25 minutes. [background sounds]. Good morning and welcome today hearing on the other side of the federal communications commission. And we have them here today. As a special welcome to our distinguished and all witnesses upon. Today we will hear from fcc chairman. In the commissioner and other commissioners. The fcc is the nations primary regulator and later state International Communications network. The core part of the agencys vision is to ensure that all people in the United States have access to rapid efficient and nationwide Communication Services at reasonable prices. Never before has the fccs responsibility to achieve this mission been more important. In the covid19 Public Health emergency experts a spotlight the Nations Communications networks in the American Peoples access to Broadband Services. Since march there has been a dramatic and sustained surge and internet usage. But the u. S. Network has performed we
Lets get some deeper knowledge into what is going on with scarlet fu. Scarlett we saw indexes fall to their lows right around the time apple made the announcement. We know there was talk about the increased number of cases across certain parts of the United States. Apple says it will shut down 11 Stores Across florida, north carolina, south carolina, and arizona because of increased cases. That probably dragged down some of the other indexes. Financials are the laggards right now in advance of the feds stress tests. The central bank will consider the virus impact to guide whether banks can pay dividends. Small caps were hoping to lead on the way up, now helping to lead on the downside, although we are making a bit of a comeback. Through the 42 level but could not hold on. One thing i could not keep my eye on of is wirecard, the train wreck of the week. The stock rounded off a twoday 75 plunge in germany. Short covering could be limiting the losses as investors brace for default. Able t
Please knew your microphone. Mute your microphone. [indiscernible] we have previously provided guidance as to how this would [indiscernible] [indiscernible] cspan. Org [indiscernible] [indiscernible] thank you. I want to welcome mr. Menendez and his wife. I appreciate you taking on this post. Tonk you for taking the time talk to me last week and take the best thank you for taking the time this morning. This is the first hearing the committee has held since march the 10th. Since then, millions of americans have filed for unemployment. Nearly one point 5 million have contracted covid19 and nearly 90,000 have perished from the disease. Is work in the u. S. Senate that much more critical and we respond as we respond to this pandemic and return to the economy. Second the highestranking office and the department of energy and the department has been playing a role in helping the nation fight coronavirus. The department of energy is a scientific powerhouse. Its National Laboratories are some
Power lunch starts right now thanks. The s p 500 is pacing for its fourth day in row of gains for the First Time Since back in february lets get over to dom for more on the big movers. Here we are best levels of the day or near that with around 1 gains as you can see. One Industry Group to keep an eye on is the banks. You can see some of those gains as of late youre seeing here kbe, its up roughly 30 in the last 11 trading days stocks on the move include dollar tree after the discount posted better than expected results. Down along with other airlines as it announced plans to reduce expected labor forces. The shares moving up about 5. 5 . Back over do you thank you despite the comeback we have seen with the s p 500 now up 39 from the march lows. Millionaires in america remain skeptical of the market. Wealthy investors betting on a slow and they are hoarding cash a majority of millionaire investors say it will take a year for markets to regain february highs one in four say it could tak