Services and luxury retail. Love them or hate them, etfs are here to stay, and etf nerds get a read on the Broader Market trends. Eric balchunas is very comfortable being known as bloombergs head etf nerd. Eric every week we talk about flows going into etfs. And we talk about flows into active. If you add them together you get a negative number, 150 to 180 billion has flown out of the whole enchilada this year. Thats what this shows, the cumulative flows into u. S. Stock funds have been drifting down, and this year it has been 150 billion. That seems counterintuitive given the market is going up. People are wondering, are investors bailing on the stock market . The answer is no, heres why, lets look at the assets. This is the law of large numbers. 10 trillion are in ets, index funds that mutually invest in stocks. The market is up 25 thats a 2. 5 trillion asset gain. Thats a good year. Heres the outflow. 150 billion is put into scale by looking at this. Essentially investors have sold
Oversight of the department of Energy Research and development enterprise. Welcome, mr. Secretary. Were delighted youre here today. This committee has jurisdiction over the department of energys vitally important science and Energy Research and development activities. The laboratories and facilities so i hope we see you much more frequently from now on, and i look forward to working with you throughout this congress. With the budget season mostly behind us, id like to bring just a few minutes and a few items to your attention. Ill start with the good news which is that despite the administrations best effort to make draconian cuts across the board to deo research and Development Programs, most actually fared well in the house of representatives. Im particularly pleased to see the increases to the budget for arpae and the long Programs Office both of which have yielded truly transformative results for Energy Technologies of all types. Im also quite happy that the house supported a subst
For the upcoming fiscal year, a testimony from the secretary, jennifer granholm, live coverage here on cspan3. The chair will recognize himself for a fiveminute Opening Statement. Welcome to the hearing to review the department of Energy Performance and fulfillment of the statutory responsibilities and to examine the departments fiscal year 2025 budget request to congress. Welcome back to the committee, secretary granholm. The department of energy has National Security responsibilities to protect Energy Security and oversee the Nations Nuclear weapons program. They conduct an overseas taxpayerfunded research and development, providing loans and grants to help commercialize energyrelated technologies. These hearings are essential to ensure that the department is taking to its core mission and is a responsible steward of taxpayer resources. These hearings are essential. Members will also have an opportunity to examine the department of energys expanded budget request as this year they ar
Immediate compupport cspan as a public service. Along with these other Television Providers. Giving you a front row seat to democracy. Energy secretary Jennifer Granholm testified on President Bidens 2025 budget request for her agency before house energy and commerce subcommittee. She also discusses u. S. Liquid natural gas exports, appliance efficiency standards, and electric vehicle supply chains. This is three and a half hours. [inaudible conversations] the Subcommittee Energy climate and security will now come to order and id like to take a moment to welcome our newest member to the subcommittee congressman rick allen from georgia welcome to the subcommittee. The chair will not recognize himself or five minute Opening Statement. Welcome to todays hearing to review the department of Energy Performance and fulfillment of the statutory responsibilities. We will examine the departments fy 2025 budget request to congress. Welcome back to the Committee Secretary granholm. The department
For the upcoming fiscal year, a testimony from the secretary, jennifer granholm, live coverage here on cspan3. The chair will recognize himself for a fiveminute Opening Statement. Welcome to the hearing to review the department of Energy Performance and fulfillment of the statutory responsibilities and to examine the departments fiscal year 2025 budget request to congress. Welcome back to the committee, secretary granholm. The department of energy has National Security responsibilities to protect Energy Security and oversee the Nations Nuclear weapons program. They conduct an overseas taxpayerfunded research and development, providing loans and grants to help commercialize energyrelated technologies. These hearings are essential to ensure that the department is taking to its core mission and is a responsible steward of taxpayer resources. These hearings are essential. Members will also have an opportunity to examine the department of energys expanded budget request as this year they ar