Etf instead. We drill down into homes. Love them or hate them, etfs are here to stay. Flows into etfs signal a broader shift. Eric is here to talk about what he sees. Eric we have been talking about the great summer we have been having. You can forget that. They saw 25 billion in the past week. That is a monster amount. We have seen a couple of bad days. A lot of the money that came in, we said it was trading crowd money. That is very fickle money. 13 billion out of spite. And that will be the second workweek that holds up on record. A lot of this liquid stuff. This is retail. A lot of it is the etfs an institution would use in place of futures. Lets see if anything is doing well. Two things stick out. You have some of the retail money hanging tough. Ivv and vu taking in money. It takes a lot to spook them. You have a little bit of hedging. Usmp, a huge year. Gold has been slowly building up a mass of flows. Lets look at gold with summer. You can see how much money has been coming into
The subcommittee will come to order. I again want to apologize to our witnesses. This is historic action on the house floor that has taken a number of Committee Members away from the committee. But i would like to get started. Our second panel of witnesses, the first witness on our second panel is timothy wu, the julius silver professor of law at columbia law school, an expert on antitrust, copyright and Communications Law and a contributing opinion writer for the New York Times, including the master switch in the curse of bigness. Professor wu has twice been part of the politico list of 50 individuals transforming american politics and was named to the American Academy of arts and sciences in 2017. He received his bachelors of science from mcgill university. Fiona scott morton, a professor at the University School of management. Nationally recognized as a leading scholar and published articles in leading economic journals. From 2011 to 2012 she served as Deputy Assistant attorney gene
Committee will come to order. Without objection the chair is authorized to declare a vereces of the committee at any time. This full Committee Hearing is convened regarding the administration ee administrations attack on the aca. I recognize myself for five minutes to give an Opening Statement. We are hear today because of on march 25th, 2019, the Trump Administration filed a two sentence letter with the United States court of appeals with the fifth circuit reversing its own previous position in the case of texas versus United States and asserting for the first time that it would not defend any portion of the Affordable Care act in the court. If the Trump Administrations position prevails and the entire aca is struck down, there will be catastrophic implications for millions of americans in the entire United States Health Care System. Ive often said that voting for the Affordable Care act was the most important vote of my career. And let me tell you why. When Congress Passed the aca in
Record sales for the most valuable company. And boeings billions, it is taking a 5 billion hit in the Second Quarter due to the worldwide grounding of what was its bestselling plane ever. And rate cut optimism. Stocks on track to open higher but on pace for worst week since may. Microsoft on track to open at a record high, market cap above a trillion dollars Quarterly Results beat expectations on cloud strength here is nadella on last nights Conference Call. Our commercial Cloud Business is the largest in the world, surpassing 38 billion in revenue for the year with growth margin expanding to 63 . Im proud of what we have accomplished over the last 12 months, and im energized by the tremendous opportunity ahead every day we work alongside our customers to help them build their own digital capability, creating new businesses with them, innovating with them and earning their trust. Cloud is a third of revenue and after at t they had quite the week. Yeah. I did something i never do i list
The committee on health education, labor and pensions will come to order. Senator murray has an important meeting right now, and she has asked me to proceed with a hearing because we have six excellent witnesses, and we want to make sure that we hear from each of you. And we want to senator tuesday have a chance to ask questions of each of you. And so patty should arrive about 10 00. When she comes while well interrupt and let her make her Opening Statement and then well resume the hearing. Morning, senator murphy. Nearly a year ago dr. Brent james from the National Academies testified before Senate Health committee with a startling statistic. Up to one half of what the American People spend on Health Care May be unnecessary. Let me repeat that. Up to half of the 3. 5 trillion the United States collectively spend on health care in 2017 was unnecessary according to dr. James, and many of the other witnesses at our hearings agreed with that. Thats 1. 8 trillion, three times as much as we