Congressional hearing held during the extenuating circumstances of a pandemic. We have a sparse crowd and an expanded dais reflective of the committees adherence to guidelines put forward by the rules committee and attending physician. We thank our members and staff are there patience and understanding as we work through the logistics involved in holding this hearing, which is a critical part of the committees ongoing oversight of the Intelligence Community. Members will be joining us on a rotating basis throughout the morning. Again, this afternoon, as we move to close session. Their absence now is not a reflection of the importance they place on this matter. We have asked members to watch as much of the hearings as they can from their offices, only coming into the hearing room to ask questions. I would also like to thank the press corps for your accommodation of the restrictions we are placing as we seek to fulfill our requirements to hold this nomination hearing in an open setting,
Whats up, zoom is up, amd, shopfy, nvidia, stocks that would be categorized as stayathome stocks, companies that benefit from people using their computers, using broadband and video conferencing, Something Like that. Maybe thats whats driving the trade for the morning thus far well see where it goes from here, morguen. Thats exactly why the nasdaq is positive, albeit just above the flat line as the quote unquote stayathome stocks, and worth noting that the small caps, the russell 2,000 is underperforming down 1. 5 where the nasdaq has sort of become the stayathome stock shutin index, if you will, because of all of those tech names that are levered to the dynamics weve seen playing out in society in the last couple months, the small caps aremuch more geared towards the reopening and the prospects of reopening, given the fact they are so domestically skewed economically sensitive and tiered to what its going to be like to get workers back into jobs and the like and what that process is g
All right, we will get to it here. For some it is cold out there. I just stepped outside, and there is a bite to the morning air, but also we. 2 sunshine, and clouds are moving out of the picture. We will get you 50s on the temperatures, as a dip to 49 degrees, warming up from 63 yesterday in the city to 70. Infants will take the big jump to the low to mid 80s. Mt. Diablo about wind, 47 Miles Per Hour. High pressure is building in, so temperatures are on their way up above average for this time of year, which translates in thall right, lets head over to sal now, and we had a couple issues front and center, right, sal . Yes, steve, westbound 80, at the macarthur, in fact, i can show you the spot where it was, right there on westbound 80 , coming up to the macarthur, they just cleared it up, but look at the time. 32 minute drive, thats usually 20. So if you are driving, give yourself plenty of time here. As kevin pulls back, you can see traffic is still a bit slow, coming to berkeley, be
Production next week. Now we dont know which ones are going to be built but we just know for boeing which has had rapid troubles over the past year and a half or so to say nothing of the virus shutdown here, but this is welcome news, certainly for the markets and of course the biggest advance today is Gilead Science drug that is showing promise, or could be effective against the coronavirus, its out there a number of other medical concerns that are also involved in the hunt for a vaccine or a treatment and there are a variety of them out there half a dozen is coming up here and i will explain a little bit later but its what gilead is doing thats getting a lot of attention as we stressed so many times here regardless of the stimulus around the virus, what will really move the markets and connell ly proven to be the case is progress on dealing with and or treating the virus so this gilead news is big news in need, Jackie Deangelis on that and much more. Jackie theres optimism in the mark
The drug from gilead remdesivir has shown promise in a couple of trials and i think well only of stalemate how soon help is coming, see more of that. Whats the implication of an athome test they are starting to roll it out who gets it. The new outrage that the wealthiest schools, harvard, got today. Millions in aid weeks ago. Is this something that could be scaled up and really make a essential items, toilet paper, difference here . Im biased, my background is paper towels and food. In diagnostics outbreaks begin and end with how stores are rushing to get diagnostics. Its when we have diagnostics available everywhere, very easy and cheap and as rapid as more on their shelves. The mystery deepens over kim jongun. Possible, thats how were actually going to stop this outbreak, combined with social the north Korean Leader not seen distancing and ultimately a for weeks. This morning what u. S. Officials are saying about his health. All that plus reunited Rob Gronkowski comes out of retireme