Strong move in energy and material names. So joe, we have asked a question sort of every day since this literally began, whether you can believe in it or not. You say youre coming off the best week of the year. Youve got transports having a good week last week. That was a pretty encouraging sign. Is it enough . Well, we talked last night when the s p was around 1915 to 1920 about the possibility to get to 1945, 1950 and then well take it from there. What gets you there. What i suggested, you need to see the return of a lot of the momentum names and leaders from 2015 take the baton from the lagards. And you have seen that. You have seen the fang stocks coming back, facebook, amazon trading very how about one weak performance on your note. Facebook up 4. 5 . Amazon 9 . Netflix, 4 . Alphabet, formerly google, 3 . Youre looking for something to extend the rally for you. Thats what youre getting now. Thats why were rallying towards those levels. Is it longlasting, remains to be seen. That w
With the release last month of the final report of the NationalCommission to Ensure a Strong Competitive Airline Industry, averdict has been entered against government re-regulation and infavor of economic competition.
The Clinton Administration's initiative to implement most of the recommendations of the 1993 National Commission to Ensure a Strong Competitive Airline Industry is generally welcome, and will both strengthen the airline industry and improve the air traffic control system. The initiative would, among other positive steps, extend the multilateral rules of international trade to air services, restructure the air traffic control system as an independent corporation, and rein in federal regulators. Unfortunately, the initiative also would increase govern- ment subsidies to commercial aeronautic research and production, which is well beyond any recommendation by the Airline Commission, and it is silent on much-needed tax relief for airlines as well as on how to pay for a reorganized air traffic control system. The document on the initiative, issued by Transportation Secretary Federico Pefia on January 6, 1994, indi- cates that legislation will be introduced in April.
President Bill Clinton last week signed an executive orderoutlining the process by which his Administration will overseerule-making by federal agencies.