And then the counter intuitive ones that took us all by surprise the dow did 205 and nasdaq lost 1. 27 . Its important to go over the companies that shocked this year with the outperformance and those that continue to shock want obvious winners are, well, obvious. People are hanging out at facebook as theyre ordering from amazon, search on google. And it didnt take a chance to figure out that the shut down would force people to use the internet if i werent jimmy chill in real life, i would be jealous of the titans even though the ceos are about to be drawn in court on the house judiciary subcommittee im torn because the Big Tech Companies their platforms arguably have too much market power. No kidding they got it by being good at what they do thats captaitalism. Theyve done better job responding to the pandemic than the government but forget the obvious covid winners. I want to talk about the big surprise the things people are doing when you cant go to the movies or ball game or ship y
We will now take a brief recess and return in ten minutes. The committee now stands in recess. 2 million arrest figure . Well, that is costing the American People a fortune and we dont know what to do with it. The committee will come to order. The gentleman from missouri mr. Lucas maher is now recognized for five. Miss thank you, chair. Welcome, back we. Disenchantment vogue is not larger if you today that affects every consumer around the world. Which is heavy investment involved highland unfriendly countries such as russia and china mr. Fresh for mr. Diamond and mr. You have a lot of investments in russia which you pulled down after putins investment in ukraine. While prudent sanctions were an impetus for this actions you would say that you do the right thing by saving your assets. There we learned two things from that. Number, one there is a large risk investing in volatile agents with volatile. Governments number, to they play a significant role in managing the nations economy. In
2 million arrest figure . Well, that is costing the American People a fortune and we dont know what to do with it. The committee will come to order. The gentleman from missouri mr. Lucas maher is now recognized for five. Miss thank you, chair. Welcome, back we. Disenchantment vogue is not larger if you today that affects every consumer around the world. Which is heavy investment involved highland unfriendly countries such as russia and china mr. Fresh for mr. Diamond and mr. You have a lot of investments in russia which you pulled down after putins investment in ukraine. While prudent sanctions were an impetus for this actions you would say that you do the right thing by saving your assets. There we learned two things from that. Number, one there is a large risk investing in volatile agents with volatile. Governments number, to they play a significant role in managing the nations economy. In recent, months chinas continue to threaten taiwan with violent rhetoric. Should the ccp follow
Balance sheet it on our own. We dont actually participate in their program. They ought to change that. My time is running out, yeah. I think it is. I yield back. Thank you very much. We will now take a brief recess and return in ten minutes. The committee now stands in recess. [inaudible] 2 million arrest figure . Well, that is costing the American People a fortune and we dont know what to do with the committee will come to order. The gentleman from missouri, is recognized for five minutes. Thank you madam chair. Welcome back, this is lady and gentleman, theres folks on a larger issue today the effects of the consumer, consumers all over the world. Which is heavy investment, volatile, and unfriendly countries such as russia and china. Miss frazier, mr. Diamond, theres banks that have significant investments with russia. After putins invasion of ukraine. While american sanctions were impetus for those actions, it should be said you did the right thing by saving your assets. There we lea
In the Banking Industry. This portion of the hearing is one hour and 25 minutes. [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from missouri mr. Luetkemeyer is now recognize for five minutes. Thank you, madam chair. Welcome back to our witnesses. I would like to focus on a larger issue today that the facts ever u. S. Consumer and consumes all over the world, which is heavy investment in volatile and unfriendly countries such as russia and china. Ms. Frazier, mr. Dimon, after moynihan each either banks have significant investment in russia which you drew down after putins invasion of ukraine. While american sanctioned what impetus for those actions it should be said you did the right thing by shrinking or assets there. We learned to make important lessons. Number one, there was a largenc risk investing in volatile nations with dictatorial governments. And a vertigo investments place difficult role in supporting those nations economie