On the walls check out my twitter feed. See all the ridiculous speculative names people hope ill mention or pump same deal, no earnings, but right on stocks. These are textbook signs of what we call froth. Thats what this is. Its froth and you know what . All the froth got crushed today. Dow plunging 517 points, s p plummeting 117 , nasdaq nose diving 1. 55 not bad for an amateur so whats become too riskier let me give you an example last night kind of cool. We had novavax on, hottest stock on the market. Vaccine developer working on something for covid19 the stock runs from 18 to 40 in two days i cant recommend Something Like that thats this, you know, novavax is this, okay. Good guys, but it doesnt matter it actually managed to rally today. Maybe novavax wins the vaccine rate if they dont, the stock is going to get eviscerated id rather have you in something thats diversified glaxo, pfizer, j j same for biotech stocks. Anything related to ebola, flu, except regeneron they have little
Be a member of congress. We welcome suzanne spaulding. Also thomas fanning, two of the commissioners of the commission. First of all, i want to thank the cochairs and the two commissioners for their important work on the Cyberspace Solarium Commission. I think the end product is excellent. I think it has some solid recommendations that a number of these are within our committees jurisdiction and will be working hard to vault those and the ones evaluate those and the ones that we can get them passed into law. They can be done through executive action. I would like to spend my time, enter my formal written statement into the record. I just want to talk about two of the commissions of recommendations. When i got here in the congress in 2011, cybersecurity was a hot issue. It still is. It is not going away. But i remember the buzz word back then is we have to do something about this. We have made a number of attempts and quite honestly, we have made a fair amount of progress. My own sense
Introduce people more formally prior to their also thomas fanning, two of the commissioners of the commission. First of all i want to thank the cochairs and that commissioners for the important work on the Cyberspace Solarium Commission. I think the end product is excellent. I think it has solid recommendations that a number of these are within our committees jurisdiction over the working hard to evaluate those and the ones that we can get them passed into law of these recommendations can be done through executive action. What id like to spend my time just enter my formal written state into the record, i just want to talk about two of the commissions recommendations. When i i got here in the congrs in 2011, cybersecurity was a hot issue. It still is. Its not going away. I remember the buzzword back ban is we have to do something about this. Weve made a number of attempts and quite honestly we made a fair amount of progress. My own sense is the bad guys, the people and often always have
Every direction. The s p saw an even bigger gain. The nasdaq up by almost 3. 6 the dow futures also up. Keeping an eye on the Treasury Department seeing how the fed news will play out there the fed news is back about 0. 6 . Sitting at 0. 612 . If you watch oil prices, which has been a big indicator of demand around the globe and what is happening, this morning, wti is up about 16 . All the way back up to 17. 49. Wow, all the way back up. 17 unbelievable lets get an update on the pandemic the number of global cases that we talk about nearing 3. 2 million. I dont know how good that enough is for anything we have more than a million in the United States. New york state cases near 300,000. I dont know of the reliability that state prisons near 7 testing positive breaking overnight, california governor plans to order all beaches and state parks to close tomorrow to avoid repeating last weekends violations hot weather, the police memo leaked to several Media Outlets yesterday. Andrew to put
Use varies from one region to another and some places with lower infection rates some vaden later is may not be in use while other areas are potentially stretched beyond their capacity that database of available ventilators that we are creating wall laois to flex so that we can make sure that available quitman can be shared with those in need we appreciate the leadership of the Health Systems that are here today that has stepped forward and had a mention to a few i dont know if he quite dr Fritz Francoise from n. Y. U. That groan and david dill the c. E. O. Of life point as well we appreciate the work of the administration in helping us find Innovative Solutions to ensure the best care for our patients well continue to work with hospitals and Health Systems across the country to add to this reserve further your teammates provided us with important leadership and we look forward to working with you and mechanism to success thank you president thank you. Thank you mr president mr Vice Pr