Pensions committee the topics include School Choice, vouchers, Student Loan Debt and Education Program funding. This is three and a half hours. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the hearing of the Health Education labor and Pensions Committee will come to order. This hearing today is to consider the nomination of betsy devos the United States secretary of education. Senator murray and i will make an Opening Statement. I will introduce the nominee. We welcome senator scott a member of this committee senator lieberman a distinguished former member of this body who will make introductory remarks and following the nominees comments we will have a fiveminute round of questions. One note we have capital officers here today who will remove anyone who attempts to disrupt
Solid progress, janet yellen saying growth may have a higher rates, regardless of president trumps policies. Lets get underway, midweek session. When it comes to markets this week, we have shanghai, kuala lumpur starting off their session. A lot of things to discuss, david . David a lot of data coming through. But there was an underlying theme. We had testimony from janet yellen. It is all very positive. A bit more hawkish than expectations. This feeds into the narrative that the Global Economy is doing rough. The data that is come through, quite solid. We talked about china a lot. 144. 19 is the regional benchmark. 114. 3,dle to pass is that takes you back 2014. You have japan all day yesterday, the dollaryen pushing higher. Australia, you have the banks and minor stocks on the way up. Taiwan, a quick mention of that market. They have been up for five or six straight days. , a place ofollar concern for policymakers. The gdp will come up later on. When you look at the start, it has got
Nasdaq declining. I think that will tackle a major trend thats shaping this economy, maybe the major trend at this moment. Our time, our schedule, it has been disrupted and we simply arent doing what we used to do anymore. The problem is that our habits are changing so fast, so quickly, unbelievable that businesses cant keep up, and these radical reorganizations of what we do and where we go and what were occupying ourself with are playing havoc with the stocks we focus on regardless of what President Trump has to say tonight in the big speech. Usually its not all that stark. We cant spot it because we have so many data points and examining so much information all at once, its a vortex. Today, though, we got the most violent contrast i have ever seen. Im not kidding, in one day. Im talking about the perfect storm of dominos versus target. What does a pizza delivery chain have to do with a mass market merchandiser . In this case, everything. This morning dominos, longtime cramer fav sin
Up like alphabet nee google stock did. We also know when a Company Comes out with worse than expected numbers followed by the dreaded words cuts forecast as was the case after hours with amazon, the stock gets clobbered. But how about another category . A whole new one. Its causing stocks to jump today. The category that i want to call not as bad as we thought. The not as bad as we thought thesis helped get the averages from getting too hard today, s p declining 0. 3 percent. Let me give you some prime examples. Number one not as bad as we thoughter. Why, its bristol myers. Not that long ago it was the gold standard, the go to name in the pharmaceutical business because it had the biest growth of all the old line pharma companies. Some called it a biotech stock in disguise because of its massive rerating. The winningest anticancer franchise out there thanked to the break through drug opp tivo. You may have seen the ads for this one, the ones that encourage you to ask your doctor to try
But how about another category . A whole new one. Its causing stocks to jump today. The category that i want to call not as bad as we thought. The not as bad as we thought thesis helped get the averages from getting hit too hard today. The dow dipping just 30 points. S p declining 0. 3 . Nasdaq losing 0. 65 let me give you some prime examples. Number one notasbadaswe thoughter. Why, its bristolmyers. Not that long ago, bristolmyers was at the top of the heap, the gold standard, the goto name in the pharmaceutical business because it had the best growth of all the oldline pharma companies. Some called it a biotech stock in disguise because of its massive rerating from a boring Old Drug Company to a company with the winningest anticancer franchise out there thanks to the breakthrough drug opdivo. You may have seen the ads for this drug, the ones that encourage you to ask your doctor thats right, direct to us. But a few months ago, we learned opdivo wasnt all that wondrous. In fact, it fa