Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Trading about 10 off its most recent high. Sector surge on th
Hearing will come to order. I welcome everybody to this hybrid hearing. Both Ranking Member mister heiss and myself have wanted to have hearings resume in person. Especially when we are in session i made a promise to mister heiss that i would fight for that and today is the fruit of that effort i believe when we were in session, to the extent possible, protecting everybodys health and safety, we can and should be meeting like this. At least in hybrid form those members who are not comfortable or who physically cannot join us in the hearing room are more than welcome to join us through the web. We are happy to have them. We ask everybody, when they are not speaking, to wear a mask that is the guidance and the capitol hill position. That is the guidance of the chairwoman of this committee. It protects everybody i really appreciate that cooperation. Let me see. For members appearing remotely, just a few reminders before i get my Opening Statement. House rules require that we see you so pl
This is. Semisurge, theyre leading us to new highs. Yeah, and its been pretty interesting, scott, because this has been a much broader rally than i think a lot of the folks have talked about over the last couple of weeks, and part of it is its the semiconductors, thats one of the areas everybody looks at the big 5 theyre not looking at some of these other names. When you look at the smh, and you see where its trading now and near all time highs, it gives you a little bit of a sense of how much activity there is there, and continues to be there. We have seen so much in the unusual options side of things its been incredible across just about every name that you can imagine. So it certainly does stand out to me that thats been performing, along with biotech to the upside, and both of those, oftentimes youre going to see most of those names in the nasdaq, and thats part of the reason youre seeing some of this outperformance from the nasdaq is this the week that growth took the market back,
And how much of an impact will the coronavirus pandemic house on society and the way we work we take a look at what happened after the spanish flu outbreak more than 100 years ago. M k richardson welcome to the show the pope has broken with centuries of tradition and live streamed his Easter Sunday mass for the 1st time as the worlds 1300000000 catholics celebrate the holy day under coronavirus lockdown he spoke to a small audience in st peters basilica instead of the hundreds of thousands who normally gather in the square pope francis devoted his traditional irby at or be message to what he called this years easter of solitude and calls for Global Solidarity. He swapped his normal audience of thousands for empty pews and the echoes of an empty set of peters basilica. Pope francis delivered his message behind closed doors amid the ongoing lockdown in coronavirus heat italy. Hes called for Global Solidarity to fight the virus. In. Light of the present circumstances. May International Sa
A coronavirus it could have a devastating impact in africa where most hospitals are desperately short of equipment and train staff we go to kenya where the coronavirus is also causing a financial uncertainty for many. Its been a different kind of easter celebration and this year despite all the lockdown upheaval one Berlin Charity has tried to take some inspiration from the easter bunny and put smiles on childrens faces. And Claire Richardson welcome to the show the pope has broken with centuries of tradition and a live stream to his Easter Sunday mass for the 1st time as the worlds 1300000000 catholics celebrates the holy day under coronavirus locked out and pope francis devoted his traditional or be at or be message to what hes called this years easter of solitude and calls for Global Solidarity. He swapped his normal audience of thousands for empty pews and the echoes of an empty set peters basilica. Pope francis delivered his message behind closed doors amid the ongoing lockdown in