Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
Plus, what could be more fun than insurance seriously. This is an interesting situation. Its captivating when captain coe explains how options action starts right now. U. S. Markets rallied for a strong week, but the start master and mike sa there is value to be found across the pacific what are you looking at in japan . Before we get to the charts, what we know is yeartodate, the nikkei is virtually unchanged. The s p is up 8 . First, taiwan versus korea so instead of using the Taiwan Stock Exchange index or the kospi, were using the ewt for taiwan and ewy for korea they are literally neck and neck. Its a perfect set of parallel lines. Now, add in japan, ewz, the i shares for japan. Here you see the divergence. If i were to include the spy, it would look identical which is to say these are all in dollars so we have adjusted out for the currency that comparative chart is the opportunity, japan lagging. And so take a look now at the individual i shares thems seelv. First ewt. Ive circle
Good morning, the meeting will come to order. Welcome to the october 26, 2020, meeting of the rules committee. I am supervisor hillary ronen, the chair of the committee. With me on Video Conference is the rules vicechair, stefani and member jordan mar and our clerk today is victor young. And i would also like to thank sfgovtv for staffing this meeting. Mr. Clerk, do you have any announcements . Clerk yes. Due to the covid19 health emergency, and to protect the board members, City Employees and the public, the board of supervisors Administrative Chamber and Committee Room are closed. The members will be participating in the meeting remotely. The Committee Members will attend the meeting through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comment will be available at each item on this agenda. And both on channel 26 and sfgovtv. Org, and they are streaming the numbers across the screen. Comments are opportunities to speak d
Announcer coming up in an hour, rovnerhealth news julie discusses the future of health care, including legal challenges to the Affordable Care act. Judge Amy Coney Barrett begins two days of questions from senators in the review of her nomination to the highest court. Journal andgton good morning. The second day of hearings begins at 9 00 a. M. , but we would like to hear from you about what you saw yesterday and what you expect today. If you support the nomination, the line to call in is 202 7488000. If you oppose the nomination, 202 7488001. If you are undecided, 202 7488002. You can also send us a text 202 7488003 the line to use and include your name and where you are from. cspanwj ande are on facebook at cspan. Wednesday and thursday as well our coverage plans. We will show you some of the sights and sounds as members come in. 9 00 a. M. Eastern here on cspan, cspan radio, and streaming live at cspan. The reporting yesterday on the first day of hearings, the Opening Statements, op
Expectations, both stocks falling. We mentioned somebody was listening in on the Conference Call and it caused that trader to hit the sell button we wont tell you which trader it was just yet. Tim, it wasnt you what did you make of the Conference Call . I think you have a case here where clearly the numbers on the headline looked fantastic. But what was really causing that, that was about provisions, that was about credit quality. Which, its strange because we were complaining that we were fearful that the banks had bigger credit issues that were being possibly seen on the headline and therefore they were putting aside the major reserves what jp morgan look, that beat was a combination of some very strong Investment Banking and fic business but alsos the provisions that came down. Thats something we should everyall be encouraged about with banks bus i think there is more where that came from. But there was some sense this was the only reason. Net margins fell 14 basis points i think ba