Everything is in green across the screen right now joe, were talking this is basically the growth value trade conversation but it takes on a little bit of a different face because were talking about this recovery trade i want to go through some stocks with you i want you to decide whether these things have come too far, too fast whether its the airlines, american, delta, united delta, southwest. You know what the gains are over the last two weeks alone thats just a representation of what were talking about here. Clearly skots, what we have witnessed is we had what i would call the v recovery stocks. Those stocks are the Growth Stocks those are the quality momentum stocks and you have more recently the stocks that are the u stocks the l stocks the dash for trash stocks. Im going to stay positioned with my growth name, my nasdaq names. Theres clear exuberance and when we look back upon this, well realize it was a rational kp exuberan exuberance im not going to bite. Im going to stay with
Pursuing solutions for americas neglected needs. And by contributions to this pbs station from viewers like you. Thank you. Anchor this is baby got this is bbc world news america. Reporting from new yorcity. Coastal communities fear they me the on the front lines they may be on the front lines. Lawmakers push back against chinas new security law proposal. The u. S. Secretary of state has condemned the measure. President trump says houses of worship are essential and must reopen now. That is despite limits on large gatherings across much of the country. Plus, the king is alive and well. The city of las vegas is on lifesupport as tourists stay away from the gambling hotspot. Without a people, there is no party. And the Economic Impact of this eerily quiet and antistrip is rippling across the city. Empty strip is rippling across the city. Anchor for all of you watching on pbs and around the globe, welcome to world news america. This week has seen a shocking rise in infections and deaths i
I am still watching out for a and fed chairman Jerome Powell few spots that may still get will go before the senate some rain. More on that in the forecast Banking Committee as it looks coming up if a few minutes. Into why so little of the money set aside by the c. A. R. E. S. Act has actually reached american thank you very much. Well, this morning theres mixed businesses. That hearing starts at 7 00 our reaction that were hearing from President Trumps unexpected time. The stock market rocketed upwards monday after a small announcement hes actually taking some kind of pill Company Reported positive news prevention in a sense to help about the search for a vaccine prevent coronavirus. House Speaker Nancy Pelosi says saying eight patients built a high level of antibodies against she doesnt think that the president should be taking it. Coronavirus. Airlines, hotels, any industry checking in with today in the hit by the pandemic moved bays tracie potts live in washington with more on that
Party rooms, that could reopen after may 28. A mix of good news there. We have some good news in the markets as well. We are seeing more reopening of economies. It seems like you cant really fight the fed at this point. We are seeing a second day of gains in the region. Jakarta coming back from that holiday. We are seeing again of. 5 . Also, india reopened today as well. Things are looking better. Lets see what else we are watching out for. Singapore is in focus. The outlook is not looking so good. The governor is slashing the to 7 . From 4 the hang seng as well, look at that, we are close to 400 points higher today. We are talking about the valuations and the steepest discount into decades. You have seen some depth buying dip buying happening. Take a look, currencies are looking a little quiet given the fact that the u. K. Saw thin trading with the london closing yesterday. See a liquidity injection from the pboc after a hiatus of 70 something days. When it comes to the sing this a we
You can be seated at the witness table. I want to introduce mr. Mike bowen. Mr. Bowen is the executive vice ameritech,f prestige which is americas largest medical surgical mask maker. Your story is a very powerful one. To my colleagues, mr. Bowen has wins i think, really he an award for tenacity, because over three president ial administrations, he has been banging on the door warning, asking for, pointing out the america has a dangerous dependence on Foreign Countries for products that we need here at home. So this is very important testimony and we welcome you. We thank you for traveling to be with us today with all the extenuating circumstances to travel. We are very grateful to you. So you are not recognized for your statement now recognized for your statement. And then you will hear from the members. I am sure both your statement will provoke questions and that you will get good ones from both sides of the aisle. I should add something here, and that is, this issue of our terrible