And your comments a moment ago to andrew, just sort of crystallize, not just what a job shes done, but how companies are placing their bets on looking through cycles, even though were a week away from an election and in the middle of a pandemic. You have somebody the quality of lease why isa su, best ceo i country, nonpromotional, re competitive thought this was maxed out. Youre in the personal computer and data center, it is not good enough she saw what happened to intel i dont say that with any prejudice. Just that she left intel behind. She is in the data center, who is she who are her clients . Azure, google, and, of course, amazon but it is time she feels it is time to branch out into auto, time to branch out into defense into telco when you look at xilinx, what youre seeing is a mosaic where there is some overlap in data center, but the rest is an attempt to say, you know what, we need a bigger total Addressable Market we have to outgrow our markets right now. And i think it is a
Andrew is out, so i have to find a way to annoy you what you asked for. Your birthday is tomorrow, right . Tomorrow, not today tomorrow. Its friday. Everybody deserves to be embarrassed. Well do it anyway this is the last day youll be 19 23. Exactly. Anyway, lets check out the futures this morning as joe mentioned, youll see the dow down slightly by about 26 points s p down by four s p off by eight getting ready to wrap up another week the dow up by 2. 5 over the last four days. S p is higher. On track for a Third Straight positive week. A little different story for the nasdaq tech has been on an incredible run. Many of those names have pulled back not by a lot nasdaq down by 1. 4 this week. If you are watching it, the index is up nearly 17 for the year thats about 58 above the march 23 low and above the march intradate high we hit on monday. We are continuing to watch that. The 10year is the one we watch so closely it looks like the 10year is sitting at the 0. 604 . The bottom level o
Www. Health. Senate. Gov is our website. I think it makes it possible for us to be table to attract witnesses who have very busy schedules on the same day such as today. Some senators are participating by videoconference. Senators may remove their masks since were 6 feet apart. Im grateful to the rules committee, the sarge want at arms, the press gallery, the capitol police, our Committee Staff for all their hard work to help keep us safe. Senator murray and i will each have an opening statement, and then well turn to our witnesses who we thank very much for being with us today. Each witness we would ask that you summarize your remarks in five minutes, which will allow more time for the large number of senators who we expect to participate to present their testimony. Well have one round of questions for a five minute round. Less than four months ago on march 1st the coronavirus situation was about this. At the end of february there were 79,000 cases around the world, only 14 in the Uni
The nasdaq by 173. There are reports of a new vaccine in the works word of anything setting back the virus is great news. Over the long weekend, people were out summer is around the corner. People are starting to feel that and that is showing up in the market again some big gains the last week of may treasury gains pushing up. 10year up 0. 7 . Right now sitting at 0. 695 . The big news is whats coming from that Biotech Company weve been talking more about. Absolutely. Hope everybody had a great weekend. U. S. Biotech company novavax said it started the first human study. The initial results they are saying in july the marylandbased firm saying upon completion of phase one, phase two will be conducted in several countries include ug the United States. That stock up more than 20 premarket but really giving rise to markets across the board as well as to what becky was saying all of the folk fols out and ab this weekend giving some optimism at least for a period well see. Maybe there is so
This hearing will come to order. Without objection the chairs authorized to declare recess at any time to give money welcome to todays hearing on coronavirus, understanding the threat of Infectious Disease and mobilizing Innovative Solutions. I will recognize myself for an Opening Statement and then i woke frank recognize the Ranking Member for his Opening Statement again thank you for being here. Obviously this is an incredibly timely process. Covid19 is not the first pandemic we are ever going to deal with and certainly not the last one but it is incredibly important that we come together as a nation to get ahead of this, dress it and come up with treatment for it. If we think about Global Health security to threepronged approach. Containment medication and treatment. This is the third hearing that im sharing on the subject and the hearing is focused on the containment. It was the first hearing the congress held. The conclusion of that was the initial strategy of trying to contain th