A heaping of starbucks and shake shack after the closing bell despite a host of developing threats out there, no disability a quarter of companies that have reported so far have yanked guidance China Threatens retaliation for its role in the pandemic, and the virus death toll, new reports we could see 3,000 deaths a day in the United States as states begin to reopen. Is the action we saw today actually a sign that the market may be climbing a wall of worry . Hi, mel. Hi, guy its clearly climbing something. Tims been on this theme, so kudos toll him i was impressed, the price today was, you know, very interesting. So kudos to the market and people that still believe in it. Out of the three things you mentioned and loss of life obviously is the most concerning, but in terms of the market, you know, this potential retaliation against the chinese, that Steve Mnuchin spoke about today, and saying the chinese were still going to honor their trade agreement, i personally dont think the market
That companies you want to invest in with Communication Services are the ones that everyone is using, netflix, zoom, you know, facebook, social Media Companies and how do you distinguish which are the better ones than the others we looked at a series of Technology Stocks this morning and broke them up into a couple different frameworks depending on whether their profitability is likely to rise throughout this covid cycle or negatively impact and recover a few we called rocket Ship Companies in there that also happened to be rocket ship stocks the stocks are following the funds. Its amazon, netflix, theres a couple Smaller Companies like wix and go daddy, all of these have had their value propositions kind of stamped on all of during this time period this covid crisis has been kind of an advertising for the benefits and the necessities of streaming at home and shopping at home and theres hard to find better winners than amazon and netflix in those categories. If those are the rocket shi
I am not saying capacity is the last word in competition but its an important one. This is a question i want to address to both gentlemen. Whats happening . Where are we going . What will you do . How concerned should we be . First of all, thank you for hosting us here today. We have been frequent flyers the two of us in the past, and i appreciate the very sort of serious thoughtful approach that the institute takes to ssues like this. Which maybe arent on the forefront which are important for our country. Mr. Courtney we served together on the committee during our entire time in congress over the last 14 years and again its not sort of bipartisanship thats sort of papering over some disagreements underneath. Really have worked together in just so many ways. Thank you for the invitation to be here today. He comments i think actually snapshot in the immediate present, the fact of the matter is to answer your question should we be concerned, the fleet ing behind the size and whats happen
Up next remark some congressman joe courtney, democrat from connecticut, and Virginia Republican rob wittman. They talk about defense spending and use ship and some rebuilding efforts. This is just over one hour. Good afternoon and welcome. I want to thank our cspan viewers and those who are joining us online for todays discussion at the conference it hit Hudson Institute. Im dan mckivergan, Vice President of Government Relations at hudson. Our mission is about u. S. International leadership in Public Engagement for secure come free and prosperous future. We develop policy solutions by thinking about the future outside the limitations of conventional thinking. We are honored to representative joe courtney and rep rob wittman as the latest guest in in a bipartisan speakr series, conversations a National Security and u. S. Naval power. With seth cropsey is the direct of Hudson Center for american seapower in todays discussion part of an ongoing series we held here at hudson over the last
This series brings together discuss experts to American Naval power and its role in our national security. He was first elected in 2006 2 serve connecticut. He currently serves as the Ranking Member of the seapower subcommittee. Since 2000 seven, he has represented virginias first congressional district, which includes quantico. They also cochaired the shipbuilding caucus. They are both longtime friends of hudson. We are delighted to have them back. They will be speaking with my colleague. Pleasure to have you here again. I am looking forward to this. If there are questions from the audience that is watching online , please send your questions. We will ask the members of congress for their responses. Start with the obvious. A retired naval officer who is an analyst of the chinese navy wrote an article last month that the chinese navy will be larger than ours by 2035. The budget that the administration has proposed is going south. Not north. I am not saying capacity is the last word in