Continue to will investigate each and every instance of illegal voting. Double voting, phelan voting, people voting outofstate. Outofstate. I want to remind members of a few matters, some of them required by the regulations accompanying House Resolution 965, which established the framework for Remote Committee proceedings. First, members are reminded to on atheir video functions all times, even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they have finished speaking. Staff have been instructed not to mute members except when a member is not being recognized and there is inadvertent background noise. Members are further reminded that they may only attend one remote hearing at a time. If you are participating today, please remain with us during the hearing. Members should try to avoid coming in and out of the hearings. Particularly during the questions. If during the hearing
Dow topping 28,000 today for First Time Since february. Its the value trade thats working. Is the rotation for real i think as long as you have confirmation in the bond market, you can believe in it but when that link breaks, the stocks the value stocks probably crash again. We witnessed an episode like this that happened from the middle of may through the middle of june. It was almost a full four weeks. It was violent to the upside value stocks, cyclicals, the quote reopen names Small Cap Value did incredibly well the Growth Stocks took a pause the high flyers corrected but when that ended, it didnt end gently you had crashes in the reopen stocks you had crashes in the value stocks both asbestbsolute and relative to growth its a Real Recovery if that link breaks and i know yields have gone up a bit here and abroad as long as that continues happening, im fine with it. I think you have to watch that more than commentary, more valuation, more than anything else jpmorgan had a great note
Is a warning to the entire industry. More planes into a collapsed market. Shery lets get started with a quick check of how markets ended in the u. S. U. S. Futures right now seeing some downside, down 2 10 of 1 at the moment. This after u. S. Stocks closed at a six week high. We have financials leading the gains. Surprisingly good earnings reports coming from Deutsche Bank which is helping sentiment. We have more positive sentiment and perhaps some expectation there could be more stimulus aasures given that we have trio of Major Central Bank decisions this week. 25 s p 500 up more than from its march lows. When it comes to the nasdaq, also gaining ground, about more than 1 for the regular session. Take a look at what oil is doing because we are seeing some upside for wti which is gaining about 1 . Backafter oil plunged below 12 a barrel. We are now seeing it just nearing 32 a barrel. We did get u. S. Drilling cuts but at the same time come we have the biggest oil etf in the u. S. , say
Energy stocks and financials are leading the overall market, while safe havens outperform well discuss the impact on the coyne vines. Dr. Anthony fauci will join us he is part of President Trumps task force on fighting the virus. Steve weiss is join joinin for the hour. What do you. I think the market should take it in stride. Weve had other Companies Come out and talk about the virus they make chips that go into handsets in china and primarily asia, also tmobile here they had they were lowering their forecast youve had other come out. And ive talked about it on the Halftime Report but we all spoke to micro, but in it continues, invariably it would continue in my view you take opportunities to get further invested if youre underinvested in certain names, because its a one or twoquarter phenomenon. It wont impact what i view as the supercycle in invests particularly in semis. So what the market is pretty much ignoring today are what a lot of people ignoring, the test it is companies, su
Facebook has announced plans for a new Digital Currency, called libra. David marcus testified for the House Financial Services committee. The committee will come to order. The chair is often recess of the committee at any time. This is entitled based proposed crypto currency an impact on consumers, investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the us dollar this venture is slated to be based in switzerland, which has a history of creating a have