Period, the nasdaq has more than doubled, up 115 in that time, carl, and it really tells you how important technology, and particularly those large caps, have become to this market and just how much they have surged this year as we see a Digital Transformation amid the pandemic. Thats a great point. And jon, were going to continue to look for names that are going to perform well, no matter what kind of reopening or reclosing environment were in amazon, one of the top leaders, but so is zoom on teleconferencing and in tuit on payments and those are the markets well be paying attention to. Tech investors have a lot to be thankful for this year in a tough year overall for the world. Lets talk more about the need em Portfolio Manager and chief investment strategist. Guys, good morning brian, where are we now with kind of rationalizing and strategizing around the tech trade, given how far so many of these trends have run . I think some of these trends existed before the pandemic and have be
He currently is serving as the deputy secretary of energy, and i am certainly one who believes that you have done an excellent job as second in command to secretary perry. So we welcome you back to the committee. Its good to have discussion with you last week. I want to thank you really want to thank you for all youve done at the department, for your willingness to serve to this point, and for your willingness to step up in this new and higher capacity. Weve got our colleagues here this morning to introduce the deputy secretary, both texas and louisiana are well represented. Mr. Deputy secretary, you should feel very welcome by having these gentlemen next to you. So we will start with senator cassidy up here at the dais followed by senators cruz and kennedy to introduce the deputy secretary this morning. So senator cassidy, if you would like to proceed. We do have a full complement here this morning and a full house behind you. Hopefully the introductions do not consume our full mornin
His resignation. This is two hours. Good morning. The committee will come to order. We are here to consider the nomination of Dan Brouillette. I am one who believes that you have done an excellent job as secondincommand to secretary perry. We welcome you back to the committee. It is good to have discussion with you. I want to thank you for all you have done at the department. For your willingness to serve at this point. And to step up in this new and higher capacity. We have our colleagues here today this morning to introduce the deputy area secretary. Texas and louisiana are well represented. Feel very welcome here. By having these gentlemen the two you. We will start with senator cassidy. Followed by senator cruz and senator kennedy. To introduce the deputy area secretary this morning. We do have a full complement here this morning. We welcome all of the good comments. What a wonderful way to tell me to be brief. He is eminently qualified. The United States leads the world in all kin
Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange record highs across the board as the dow is up 129. Session highs now. Absolutely. Were going to start with apple at fresh highs shares of the tech titan hitting records as three wall street analysts upgrade price targets on the stock mike molson upped his bet on apple from 270 to 290. Dan iefs sees it head for 325, and another raises to 290 from 280. Joining us, dan ives happy friday you too. Quite a run for apple from here, up 38 in the last 12 months, consequently up 30 in the last six months. Those first six months, wasnt doing much, what convinces you, is it mostly the iphone thats got that much more room, 24 or so from here to run . Great question. There are two components to the bull thesis, a lot more fuel in the tank one in terms of iphone 11 and 5g combined, i view it as a super cycle in the next 12 to 18 months we think you have 40
On many essential attributes of a plan. It would be extremely challenging too used to document as a document to hold the iris, the Treasury Department, or anybody else accountable for missteps. The few things it almost entirely lax are quantitative targets to measure against, backup data to analyze, and various key operational details including, for example, who at the irs or Treasury Department is ultimately responsible for making decisions on any particular issue. This does not give any detail on how the irs will implement secretary yellens 400,000 dollar pledge. And details really matter here. It also does not estimate what any of the 42 initiatives or 190 odd key projects are expected to cost or clearly answer the basic question of which initiative or key projects can be fully implemented with the 80 billion dollars in funding. What the document quietly admits is astonishing. Despite contrary rhetoric, the irate did not give the irs enough funding to fully realize the plans divisio