The Senate Finance subcommittee on fiscal responsibility on Economic Growth is a virtual hearing on the fiscal outlook and i thank you all for participating. I thank you all for participating and i think its going to be good and im sorry we couldnt have had it in a more to say a more formal setting because it may been better attended. Im not sure any hearing we have had would be any more important in the spirit her witnesses will be the director of the Congressional Budget Office and jeans are darl who is the comptroller general of the United States in the head of the u. S. Government Accountability Office. With that i will make my Opening Statement and turned to Maggie Hassan my Ranking Member and then i think Ranking Member wise and for the entire committee for statement you would like to make as well. Again thank you all for being here. Im grateful to all who are joining us via the internet. Today we will address the topic a with refer to shy away from addressing her nations run awa
The move in Interest Rates, the impact, if any, it could have on that tech trade. Josh, ten year, 78 basis points, 30year highest since june is this going to be a big risk for that growth trade . Im not sure. It certainly could be. But heres the way that i think we want to think about this. If you go back to february of 2018, that is when the curve peaked, right . Then we had several scarce where we thould we would have a thought we would have a yield curve above those levels but were not there and every time we gotten to that level weve had a big fade what i do think is happening now that is notable, theres a big catchup under way, Small Cap Value is on fire Small Cap Value of 5. 5 over the last three days and large cap tech is not giving up much while thats happening it possible you could have both things working at once i still think that if you get the big cap tech names hanging up there toward highs and not serving as a source of cash and then you get this big catchup trade in the
Affected our National Politics for decades. Campbell spent 20 or centralism before becoming a professor in the Communications Studies program at American University in washington, d. C. He is also a writer, historian, be the clinic and blogger. He has solo authored seven books including getting it wrong, defunct in the greatest myths in american journalism, and 1995, the year the future began. Tonight campbell will talk about is brenda book from university of California Press, lost in a gallup. Following his opening remarks i will moderate a q a session. Those watching us live on crowd cast can submit a question by clicking ask the question at the bottom of the screen at any time during appropriate. Now i would like to welcome w. Joseph campbell to let talks. John, thank you. Great to be a period great to be back in i was a, if virtually. I spent productive period of time but two and half years ago in i was city going through the Gallup Organization papers university of iowa city speci
I think what weve got is a range. I dont think its anything really terrific, and i dont think its anything bad. One of my favorite technicians, larry williams, who was the dean when i was in diapers, he was doing great stuff, weve been going back and forth about the notion, look, until we get closer to action, hes usually an october 20th buy. I mention because neither one of us thinks theres anything catastrophic ahead but neither one of us is excited if you are excited, if you think we will return to the days when stocks only go up, you will be disappointed, scott. I just think what were seeing with the teslas is emblematic if you get too excited. One of the central questions whether tech has gone down enough relative to how much it ran up i bring that up, you look at the faangs, month to date microsoft down amazon, facebook down 11, 12 and 13 1 2 here is what mike wilson told us from Morgan Stanley thinking tech could have a ways to go before its done all right, well, we dont have th
Only hear from the voters, we also have Ohio Republican senator rob portman coming up. This is a big show, stay with us throughout the entire hour. We start the with fox Business Team coverage. Blake burman at the white house. Well get to black in a moment. We begin this afternoon with Lauren Simonetti on the markets. Lauren. Lauren today, guys, wall street took a little bit of a breather with the first down day in four days. Three main concerns here, mainly stimulus, the whole question mark when well get more of it. But also a rise in coronavirus cases in new york which was once the epicenter of the virus, raising fears of another lockdown. Yes, two lesser extent, investors waiting to see whats going to happen. Who will emerge the winner if there is it one after the president ial showdown tonight. This is how we finished the session. You can see the dow, the s p 500 down half of 1 each. The nasdaq down a quarter of 1 . This is the second to last day of the terrible month of september.