Those who are joining this morning, doctor bianchi of the Eunice Kennedy Shriver Institute for child health and develop, almost as long as the subcommittee on health, education, Human Services and related agencies. Doctor Anthony Fauci of the National Institute of allergy and infectious diseases. Doctor gary gibbons, director of the National Heart, lung and Blood Institute. Doctor sharpless of the National Cancer institute. And doctor dora volkow, welcome to all of you. Leader hoyer asked me to you have the nih coming . And he said this is one of the most remarkable hearings we have, thank you for the work you do and the differences you make in saving lives. At the start, let me touch on the matter of the coronavirus. I want to say thank you to the director, all the institutes. I want to say thank you to doctor fauci and say for Public Health experts, what, what you are doing on what is clearly a matter of National Importance and national urgency. We will be discussing the 2021 budget
The subcommittee will come to order. Good morning all. Dr. Collins, welcome back to the labor hhs education appropriations subcommittee. Let me also welcome all of you, the five institute and Center Directors who are joining in this morning. Dr. Bianki, director of the u. S. Kenne kenne Kennedy Shriver National Institute and committee. Dr. Anthony fauci, director of the National Institute of allergy and infectious diseases. Dr. Gary gibbons, director of the national heart, lung and Blood Institute. Dr. Ned sharpless, director of the National Cancer institute, and director of the National Institute on drug abuse. Again, welcome, welcome, welcome to all of you. This is leader hoyer asked me this morning, he said do you have the nih coming . I said, yes, indeed. And he said, are you ultimately going to be able to get all the Institute Directors to come up. This is one of the most remarkable hearings that we have, and we thank you for the great work that you do and what a difference you ma
Eeked out a two basis point gain but it could have been worse and it should have been worse and was at one point in the day very ugly but the nasdaq rallied in the close taking the market with it. I kept from the very beginning, from the opening bell, where are the sellers. Where are they why arent they reacting to that ugly warning that we got monday from apple why is everything no matter how negative treated as a buying opportunity. It is like there is always something to be said for instead of and i think i know the answer. I think it is the index funds. 60 is coming in via index funds and they buy everything, including the stocks that should be getting hammered by bad news. And they buy in waves and they are in control of this stock market not mutual fund or Hedge Fund Managers either. Yes, index fund buyers i know people call this market a bubble and blame an easy fed but maybe, just maybe, listen to me, there is no one toblame. You simply have Many Companies doing well and compan
Oil did crack below 39 the s p 500 suffering its worst twoday slide in 4 1 2 years and stocks look to bounce slightly before the open. It is a new era for Disney Bob Iger has stepped down with a lot of questions, of course, why now . Techs tanking in correction territory with high names like alphabet, apple, amazon losing a combined 4 million on consecutive sessions the state department wiped out 1. 7 trillion in gains markets down 6 and jim, 7 on the s p, you think might be time to do something. Its interesting. You have to buy something. The cluster they find in america, i say it that way, got the green light to say it from the cdc and possibility of an ebola situation, remember, we lost someone in texas. That was a problem in texas. Would Something Like that here be shocking . We lost 14,000 people from the regular flu and perhaps the new flu and respiratory illness, its certainly possible. You will read everyday about somebody new and some new area, because the nature of the beast,