Category 2 but its still danger it slammed into a gulf coast as category 4 150 miles an hour winds. Well take you lye where the situation is still unfolding sports coming to a stop. Maybe temporarily. Players in nearly every proleague choosing not to play last night in protest of the shooting of jacob blake inwayway the Milwaukee Bucks began the protest. Bucks owner said i fully support what the team is doing and im going to do whatever i can to help them get their message out and try to bring about a change. It sountdds like the nba may be back on today. Everything is very fluid your Investment Committee is here today we got to do a quick recap of these record markets. Green, green, green, green the s p up as well the s p earlier hitting the milestone of sorts plowing above 3500 for the first time ever. The nasdaq, else what, every high is a new report high. Even the small caps performing with the gain on the dow, 247 points even the lowly laggard dow getting in on the action its now
Hearing will come to order. I welcome everybody to this hybrid hearing. Both Ranking Member mister heiss and myself have wanted to have hearings resume in person. Especially when we are in session i made a promise to mister heiss that i would fight for that and today is the fruit of that effort i believe when we were in session, to the extent possible, protecting everybodys health and safety, we can and should be meeting like this. At least in hybrid form those members who are not comfortable or who physically cannot join us in the hearing room are more than welcome to join us through the web. We are happy to have them. We ask everybody, when they are not speaking, to wear a mask that is the guidance and the capitol hill position. That is the guidance of the chairwoman of this committee. It protects everybody i really appreciate that cooperation. Let me see. For members appearing remotely, just a few reminders before i get my Opening Statement. House rules require that we see you so pl
To get things started off. The dow is down by 17 points but the s p and the nasdaq is there. Nasdaq is indicated up by 47 points this is after a strong month of july for all three of the averages the dow up by 2. 4 for the month. The s p saw its best july by ten years. It was up by 5. 5 . Thats nothing compared to the nasdaq today is the first trade ding d of august. Thats out at 10 00 a. M. Eastern time today also take a look at treasury yields you did see yields under extreme pressure or ten year closing at its lowest level since all the way back to march 9th. Right now it is a little bit higher 0. 546 stimulus talks in congress. Trump administrations officials and House Speaker nancy pelosi are set to resume negotiations today on their competing visions of a bill. The Sticking Point continues to be a boost set at 600 per week in march that lapsed on friday he and Speaker Pelosi are on the same page about the need of direct Cash Payments of 1,200 to most americans. Andrew. And big co
Do we ask everyone to turn on their cameras . Were getting ready to get started. The hearing will come to order. I welcome everybody to this hybrid hearing. Both ranks member mr. Hysse and myself have wanted to have hearings resume in person especially when we are in session. I made a promise that i would fight for that, and today is the fruit of that effort. I believe when were in session protecting everybody, those who are not comfortable or physically cannot join us in the hearings room, are more than welcome to join us through web i no noor. We ask everybody when they were not speaking, to wear a mask. I really appreciate that cooperation of for members appears remotely. House rules require that we see you, so police have your cameras turned on at all times during the course of the hearing. If they can let us you can use the chat function to send a request. And if that doesnt work, you can unmute and seek recognition. These arent ideal circumstances, but we are in the midst of a pa
Good friday morning. Welcome to squawk alley with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange obviously watching these markets here dow is down 331 after yesterday, deep in the red. The dow, the s p, and the nasdaq are all on pace for their worst week of 2019 tech names getting hit pretty hard, apple, alphabet, facebook, intel all down around 2 , guys this is a period in which trade concerns might result in selling thats a little more indiscriminate than weve seen in recent months and among the tech names, a look at cisco thats down closer to 4 . Some other cloud names not doing so well. You see, dell is down more than that you know, Network Appliance well, that one has its own issues but certainly, hp down 5. 5 a lot of these trade issues rippling through not just the names that have higher valuations or have high flyers, but some of these core enterprise tech names, vm is another onedown almost 8 in this trade if you look at all the major averages, were now