Up next, testimony on energy and infrastructure, including rebuilding efforts in florida, texas, and the caribbean, after major storms. And recommendations to improve Recovery Efforts after future national disasters. A House Energy Subcommittee heard from the public and private sectors. Subcommittee on energy will now come to order. And the chair will recognize himself for an opening statement. So this years atlantic Hurricane Season was unprecedented. Four named storms in close succession slammed into the gulf, puerto rico and the u. S. Virgin islands. The hurricanes caused catastrophic damage and Energy Supply disruptions across the country. While texas and florida are further down the road to recovery, a humanitarian crisis is unfolding in puerto rico. A number of colleagues from this committee have been down there. And the u. S. Virgin islands where the majority of folks still remain without power for more than a month after Hurricane Maria made landfall. Todays hearing will review
Your mad money couriers from the swift completions of our pointed rounds. Especially now that the dow gained. What can i say . It really is pretty much how i feel about tonights election. Oh, it is manageable. Like Everything Else thats been thrown at us as a country. Hey, were going to help you manage it tonight when our special coverage begins at 7 00 p. M. Eastern. Why do i say manageable . First, allow me to give you a couple of reasons intrinsic to the stock and bond markets during this 61yearolds lifetime of love for finance. And then we will talk about politics. And the standard republic to explain the u. S. Postal services hallowed motto. Lets start with 1979 when i bought my first stock at a time when the federal fund race was at 15 . Yeah, the one thats currently at half percent. Interest rates were high back then because we had ruinous inflation. We had nothing like that now. In 1979 it was easy to throw your hands up and say, nothing can work. Nothing remember, that was the
Calculation by me came to roughly a 7 decline when the market would open. A decline that was unrealized and then tossed aside when the day dawned and grew light with the dow ultimately gaining 257 points today. S p climbing 1. 1 . And the nasdaq finishing the same, up 1. 1 . The markets now up close to 4 for the week, which means if we can hold at these levels, this will be the best week of 2016. I know youre puzzled. I know its hard to believe that someone who is regarded as the enemy of the stock market last night can be embraced as an old friend by midmorning. But i want to explain, just put it in plain english so that you can understand whats happening here. To begin, though, you have to get into the heads of the people who actually bought stock, people who committed capital today. Thats whats often the key to figuring out a rally. It was downright absurd, totally insane, but then of course turned out to be anything but. So let me list the types of buyers, the people who came in wi
Market would open. A decline that was unrealized and then tossed aside when the day dawned and grew light with the dow ultimately gaining 257 points today. S p climbing 1. 1 . And the nasdaq finishing the same, up 1. 1 . The markets now up close to 4 for the week, which means if we can hold at these levels, this will be the best week of 2016. I know its hard to believe that someone who is regarded as the enemy of the stock market last night can be embraced as an old friend by midmorning. But i want to explain, just put it in plain english so that you can understand whats happening here. To begin, though, you have to get into the heads of the people who actually bought stock, people who committed capital today. Thats whats often the key to figuring out a rally. Thats how youll know whether insane, but then of course turned out to be anything but. So let me list the types of buyers, the people who came in with real money, why they were motivated to do so, and how they moved the market. T
Impending homes later this hour. Black friday numbers are in. Cybermonday deals are in full swing. The u. N. Climate change conference kicks off today in paris. Well take you there live for the latest. Amazon with a sneak peek of new delivery drones and taking a shot at regulators saying theyre ready to deploy when they have the regulatory support they need. First up, indications are that the Holiday Shopping season is off to a tepid start. Americans spent about 12. 1 billion over thanksgiving and black friday. Thats a decline from last year. The National Retail federation says more people shopped online than in stores, choosing not to wait for todays deals. A lot of these numbers are surveys. A lot of people throwing some shade at the quality of the number. Dont take it to the bank. You cant. I think at one point it was easier when we said, look, we can pick 20 malls and decide how things went. Look, i think it was an Amazon Holiday season. I think it will be today. I dont know if you