Split. Well tell you why invesetors ae piling in today. Energy companies have shut in production we have the latest on the impact of tropical storms marco and laura. Power lunch starts right now thank you, tyler as you mentioned its shaping up to be another record breaking week on wall street. That means even more evidence mounting that stocks are getting pretty expensive bob is following the markets for us bob. Yes it is. Right now we have very light summer volume. We have fairly narrow trading range today. I like what i see and i like what i see for one particular reason for once its not all about Technology Stock it started out that way at the open but it quickly changed and investers decided maybe the tech stocks are too pricey afterall today were seeing Energy Stocks bank stocks out performing, even industrials out performing the Technology Sec tore. Thats a big change of pace for the last couple of weeks i want to show you something to give you an example of how it changed. Apple
People who are on carver 24000000 more under insured its not the basis for responding to a Global Pandemic the viruses certainly didnt get the business memo that they were supposed to cooperate with the profit system well they may have killed it may have killed a 100000 or more americans but youre alive. I am gratefully but. By dint of the American Medical System i in essence was frozen out of the my Doctors Office and had to be diagnosed online by a Nurse Practitioner who neither saw either error or me and so to be sure that this is new want a back ground effect of neo liberal politics only response to coronavirus youre saying we need radical invasive change thats not. The lock downs that we experience in nato nations youre talking about its Something Else absolutely i think one of the things we do is we get so focused on the emergency responses where which are absolutely necessary including the lockdowns including whatever vaccines were able to develop though im not too hopeful about
Fair, orderly and efficient markets; and facilitate capital formation. It plays a Critical Role in ensuring that our nation has Capital Markets that the public can have confidence and trust in. It provides information to investors so that as americans prepare for their futures, they not only have a wide array of financial opportunities, but they also have the information necessary to make informed investment decisions. Chairman clayton, you came before this committee a year ago and assured us that you would continue to take steps to ensure that the u. S. Capital markets remain the deepest, most dynamic and liquid in the world. I commend you and the sec staff for the actions that have been taken over the past year. Actions worth mentioning include the secs final rule package on regulation best interest, which strikes the appropriate balance of increasing transparency in investors relationships, while preserving access to advice relationships and investment products. The sec also propose
Looking quite strong, up over 1 this morning same thing with the shanghai composite. Then european equities right now are also in the green. The cac ass off, ftses off i spoke too soon i looked at the ftse beforehand. The ftse is up, the dax is up. Everything else is down just marginally well, here are the big stories were watching for you today. We are continuing to follow a developing story out of Southern California new evacuations have been ordered as a string of massive wildfires continue to grow the thomas fire, the biggest in the area, still on the move. Officials say the blaze is just 10 contained. Its already burned more than 360 square miles of land we will continue to follow this developing story, bring you any updates and developments as we get them. On this weeks economic agenda, tomorrow, look for the november Producer Price index. The fed also kicks off a twoday meeting. On wednesday well get cpi as well as the fed decision this latest Economic Forecast and Janet Yellens
Internet service should no longer be treated like a public utility with strict rules. We be hit with those firstt of o onehundred days guess the Supreme Court is a big deal but what chairman pai is working on has a long list impact of anything coming out of this of ministration i have been a Freedom Works for 12 years and 12 yearss ago and last year was very nervous that we were going to wrong direction. President obama pass new regulations on the internet. That there are 15,000,000,015,000,000,000. So we go to will hold new level of change we can try to regulate the changer let the market develop so we are encouraged to listen to chairman pai and his announcements to open in the internet for development to open competition and to have that any state regulation. End and to have that biggest impact in the long run so know i will introduce karen. [applause] is a pleasure to cohost this event from Freedom Works on that Freedom Works platform they are excited about the future. Is not going