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Index, just marginally down. The real story has been the bounceback after last weeks fall for bitcoin, approaching record highs. 19,595. 1. 1 to the upside. Drivings within opec that crude oil price down. Lets look at what is going on in the emerging market context. Asian markets are bouncing back nicely after yesterdays big move to the downside. What has been responsible for this change in mood . , onethink first of all should partly see yesterdays price action as an anomaly. I think the Way Investors are now returning to the positive things like easy fed policy, Global Economic recovery, which was confirmed by asian pmis and the index that just came out, and optimism about vaccines. Juliette and your team has written a piece on the e. M. Currency outlook for 2021. It reads quite positively. What is the basis for all that optimism . Maybe there are three reasons. First, valu ....
We are always at threat for the next pandemic. These viruses exist out in nature. As people go out in nature they get infected and then move their way back into humans. If we were to imagine the origins of covid19 as a movie, it would begin at the end of the contagion movie. Exactly that process of bulldozing down the forest, bats flying off infecting livestock that then we get infected. That happens every day, every week. Thats how these things begin. With yuhaith you wuhan is a majn the wildlife trade pathway. Its close to hot spot areas for new coronaviruses. Ever since the covid pandemic hit, weve been trying to determine if anybody knew anything about a contagion sweeping through wuhan last fall and when did they know it. Researchers looked at Satellite Photos of wuhan hospitals in october of 2019. And what they show are packed parking lots. All those red dots are cars. And we took those photos and we put em next to october ....
Was interrupting wants earlier. I should not have interrupted you. Mr. Hook, reason i interrupted is, i just dont, i dont like being lied to, and said something that you repeated twice, thats been said committee before that i think is completely wrong, that jcpoa, iran deal, one of the reasons it was bad is because it you know d i think that thats false. There are provisions in the agreement that expire, thats correct. O the agreement has a set of provisions, centrifuges and inspections, youre correct, expire the inspections 2030 but to 025, or public o the american the deal is bad because it, spice is just wrong the first paragraph of the deal, preface, i said first sentence, first paragraph, i wrong, fir deal, iran f the reaffirms that under no iran ever es will seek develop or acquire any Nuclear Weapons. Thats permanent. Ever. Under no circumstances. Any. Hats a permanent provision that they have signed to that never expires, ....
That is the reason i am starting on time, because i know a few more people coming in on a difficult afternoon in the press building. We will welcome them when they get here. Ask foruld just like to your cooperation in terms of turning your phones off to make sure the ringing does not get broadcast to the whole cspan audience worldwide, and to avoid as much as possible walking in front of the cameras, it doesnt look good for people in the middle of conversation, kind of going backandforth across from the camera view. I also would like to announce that for those of you who are center, usually, our questions and answers are done in writing. So anytime you have a question, feel free to write down your yourselfntify and write your question. Staff will collect those, pass them on to the chair of the panel and then your will be addressed to the specific panelists indicated. Then we say a couple of words quickly about the chairman of the panel and the subject matter a little bit, then turn it ....
Going to be most interesting is how the stocks react and what was already built in or was this just kind of a big trade into big cap growth and were not really talking about the quarterly results. Its just a placeholder type investment or are we really banking on great numbers from the likes of facebook and the others . I mean, microsoft is really interesting. Flawless quarter, stocks getting a nice bump, but its not running away whats amazing to me is just how big these companies have become if you look at the numbers and the actual earnings, i like to look at the earnings,theyre not that great earnings from the Technology Group are down this quarter. Earnings from the Technology Group are down in the Third Quarter. The semiconductor has been generally bad with a few exceptions and yet people keep buying these stocks ....