Perfect sense. But then there are days like today when i cant take how stupidly bullish this market can be the dow gaining 164 points nasdaq climbing 0. 35 . You often hear people saying that the whole things been manipulated. Its a desperate Federal Reserve and its a scared powell and its President Trump winning the election no, the feds just doing its job. And if the white house wanted to juice the stock market, dont you think they already wouldve cut a deal with the democrats on the next round of stimulus see, there is a much simpler explanation. I call it clueless buying. I always say you should never underestimate the wall street promotion machine. But never underestimate the power of enthusiastic buyers who do not know what theyre doing they know nothing some people accuse me of taking the thing too far. They say im not willing to call people out for being morons that are more likely to put retire clorox ceo than i am to put a departing Ceo Jim Hackett on the wall of shame. They
Good morning. So this meeting will now come to order. Today the subcommittee is holding a hearing entitled oversight of doe, during covid19 pandemic. Members will be participating in todays hearing finally in person or remotely via video conferences. And just as a reminder weve had some technical difficulties in making sure that our remote video was operating up to standard. As part of this hearing, the microphones of members participating remotely will be set on mute for the purpose of eliminating inadvertent background noise. Members participating remotely will need to unmute their microphones each time you wish to speak. For members and witnesses participating in person, i encourage you to wear your mask whenever you are not speaking. Dr. Monahan, our physician, stressed in attending physician covid19 guidelines that use of face coverings is meant to protect other people in case someone was unknowingly infected and does not have symptoms. But wearing our mask when we are not speakin
One, in general. In general, i think when two companies are negotiating you are negotiating not just the amount of money that is going to change hands but also what youre going to get in exchange for the amount of money. That ask a fundamental way business works. To do you see at least to outsiders that would look like a structural conflict of interest . You are using your control over access to peoples living rooms essentially, youre using that in order to obtain leverage in terms of getting Creative Content that you want . Are you essentially converting power in one domain into power in another domain where it doesnt belong . I think what i should do is offer to get you information. I will get it to your office for you because im not, not familiar enough with this. I could imagine there would be scenarios, if were just talking abstract where it would be inappropriate and i can imagine scenarios where it would be very normal business and very appropriate. Good enough. I want to talk a
Mainland so officially its all said its signed and sealed but when it will exactly be delivered in Hong Kong Well we expect that will happen july the 1st tomorrow on wednesday which is the anniversary of the handover of hong kong from britain back to Mainland China 23 years ago now we know or this afternoon all hong kong delegates to Chinas National Peoples Congress that is chinas palm and took part in meetings that were held forth in hong kong and in beijing and they were given a summary of the law nor details but they were basically told that this law will act as a deterrent for anybody trying to destabilize hong kong and earlier today at 9 am local time on tuesday chinas Standing Committee has voted to pass this law unanimously and we know so far that this is a hefty law it has 6 chapters and 6 articles in it and really this was tremendously fast tracked by beijing only about 40 days after it was 1st announced during Chinas National Peoples Congress which really does demonstrate bei
Launching that service here in the u. S. Later this month. We are staying at home and we want our groceries and other purchases delivered and quickly. And we are on that story throughout the program today. As for the overall market, dead flat following a selloff on tuesday but keep in mind the dow and s p are up 40 from their march lows and the nasdaq is up 50 since then. Pretty impressive. President trump says he will pressure governors to reopen schools in the fall. This is a major step in getting the economy back on track. Kids go back to school, parents can then go back to work. That, of course, will be an issue for sure in the election, where joe biden has the lead in all of the polls, if you believe them, and even some wall street firms are apparently preparing for a biden win. But we have a democrat pollster coming up in a few minutes who says the race is a lot closer than the polls would indicate. Just wait until you hear what congresswoman ilhan omar wants to do to the economy