And so much more, on making money. So folks as we end the week the big investment theme is the retreat and big growth names those mega tech stocks that have been on fire for a long time, profit taking was sparked by concerns over the quality of teslas earnings, of course it came from selling those tax credits and slower cloud growth microsoft, and the smooth sailing has run into an air pocket and now these pockets though, theyve been great entry points in the past and the question now is will history repeat itself. Joining me, ubs private Wealth Management senior portfolio manager, katarina simoon it, and let me start with you, overall, the sense that we see these names and i guess investors have become accustomed to them being up every day. Why now . Why are they beginning to stumble . Im talking bigger tech names and the larger growth names. Of course, and charles, thank you for having me on the show. Well tech certainly has been an exciting sector to watch over the last couple of we
The nasdaq off 95. The dow off its session lows but still taking a hit today. The uncertainty boosting gold prices above 1900 an ounce. Take a look at gold as well. 1900. Okay. We will also take a look at johnson johnson, merck, fiedzer and fiedz pfizer and regeneron, on pins and needles awaiting the president s announcement. Lets go straight to Edward Lawrence for a preview of what we are expecting to hear. Reporter exactly, the president signing any minute an executive order that in one way will get departments the look at ways they can further reduce drug prices going forward. Also, we have heard it may include the provision that connects the prices the u. S. Pays with foreign prices. The prices Drug Companies charge Foreign Countries. That is the deal exactly the president worked out between gilead in the United States where the United States will basically buy the entire supply of remdesivir. Remdesivir is a drug that helps coronavirus patients. The president puitched a simila ide
At the white house in washington crowds dpagather fore inauguration of Franklin Roosevelt. Among the guests are wounded servicemen from nearby military hospitals. Before the south court koe of the white house, an inauguration is held here in the president s own backyard for the first time. From the steps 13 grandchildren of the president watched the ceremony. The bottom of the steps is the president ialed a visor and aid. Secretary of navy. Secretary of the interior. Chief justice of the United States. Admiral of the fleet, earnest king. Secretary of state and his wife. General of the army and his wife. Now in a grim year of war, the shortest and simplest inaugural on record begins. Former Vice President wallace swears in harry truman, new Vice President. President roosevelt takes the oath of office. I, Franklin Roosevelt solemnly swear i will faithfully execute the office of the United States and will to the best of my ability preserve, protect, and defend the constitution of the Unit
Mikel arteta, as their next manager. It is so easy to leave me all alone with the memory. One of Andrew Lloyd Webbers most famous musicals transfers to the big screen today well ask why so many critics have their claws out for cats. Iamat i am at Somerset House. Indoors enjoy the sights of the gingerbread centre. Outdoor, rain, particularly in Eastern England. Yourforecast coming up. Its friday the 20th of december. Our top story the Prime Ministers brexit divorce deal will be put before Parliament Later. It comes in a year where theresa may, then mrjohnson, wrestled with mps over their plans. Today is expected to feel very different as the government now has a strong majority. Officially known as the eu Withdrawal Agreement, it is the legislation needed to make brexit happen. This week, it was announced that the government would add a clause to rule out any extension beyond december 2020, ending what Boris Johnson calls years of deadlock, dither and delay. Now, with a majority of 80,
Those people waited in line, followed the law at the bridge and once it was ruled out it was placed in mpp. And they want to follow the law. I heard from cvp individuals that when they processed numerous crossings back and forth for their proceedings in the United States that added a strain on ports of entry. Do you believe mpp has been crossed affected or yielded efficient processing of asylumseekers . I dont believe it is more efficient. Court of entry are busy places. Mexican residents, has really congested the ports of entry in the movement when asylumseekers, people have to go very early in the morning. It caused a lot of delay. Mister knowles, i would like to hear based, how has the broader admission and morale been impacted by remain in mexico . I would like to say historically our more out has been extremely high because people are drawn to the protection work which is also protection of our country and we have done a very good job and received very high marks from every admini