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Not immune. This is about two hours. People come to order. Without objection, with recent subcommittee it is time. I recognize myself for an opening statement. On july 11, President Trump tweeted it would be bad for him politically if schools opened before the november election. The threat that he would cut off funding if not reopened. Yesterday he said, and i quote, my view is schools should open. It will go away like things go away and schools should be open. The president position of how to reopen schools to paraphrase the press secretary, for science to stand in the way. I fundamentally disagree. Schools must reopen based on science and safety, not politics and wishful thinking. To agree, though schools are critically important for the children and our families. My first job after i graduated college was as a High School History teacher. My wife was a skilled librar ....
The nasdaq is tracking for its longest winning streak since december bob . Good news, were just off the highs for the day. The bad news is financials are again not participating in the rally and they need to to really move us forward. Lets take a look at the sectors, as you heard from kelly, it largely tech, semiconductors, internet stocks, the whole technical sector is doing well, Consumer Discretionary tech oriented to an extent, industrials flatter, generally underperforming and banks not even in positive territory by and large we told but the new high on the mega caps. I dont know if you realize how theyve rallied off of the march lows facebook is up nearly 78 , apple 75, amazon 70, microsoft and alphabet, even alphabet is lagging, 46 off of the lows, far outperforming the overall Market Software in general has become really important so if you look at right arou ....
Typically this is the time you would see investors plow back into their equity safe havens like tech names. The sectors outperforming our the two that have been hit the hardest so far this year, financials and energy. Financial still off 24 . Energy down 30 year to date. Well asbank index doing regulators rollback some of the rules put in place after the great financial crisis. Banks will no longer have to set aside money when trading derivatives with their affiliates. That frees up capital, and that is always a good thing for banks. Regulators are modifying the volcker rule to allow banks to increase investments in funds. Do not watch not forget to watch for the fed releasing stress test results. Watch apple and disney, apples closing other seven stores in houston after closing 11 last week because of increased virus counts across different states. Disney delaying the opening of disneyland in anaheim indefinitely. It is not the cake and get approval from state officials in time for th ....
Governor murphy good afternoon. We are gathering on what would have been my mothers 105th birthday. And by the way she ended her life for many years in assisted living in a nursing home. And had she been alive today those would be areas that we would be concerned about as i know you are. More on that a little bit. So god bless mom. Joining me up here, a woman to my right who needs to celli. Uction judy peci and christina tan. And colonel pat callahan. Also with us is the Homeland Security jared maples and other members of our team who would be able to answer some of your questions. Over the past 24 hour, so this is since the paper released that we put out yesterday, we have positive 00 347 new positive cases overnight. 3,347 new positive cases overnight. So the statewide positive cases now stands at 16,636. Sadly, i must also report that we have lost since yesterday another 37 ....
Rovider. Next, new Jersey Governor Phil Murphy briefs reporters on his states response to the coronavirus. He was joined by state officials and spoke about the number of positive cases and the death toll in new jersey. From trenton, this is an hour and a half. Governor murphy good afternoon. Were gathering on what would have been my mothers 105th anniversary. She ended her life for many years in assisted living and a nursing home. Had she been alive today, those would be areas that would all be quite concerned about, as i know you are. So more on at that in a little bit. So god bless mom. Joining me up here today, again, the woman on my right who needs no introduction, the commissioner of the department of health. To her right, state epidemiologist, thank you. And to my left, state police superintendent. Also with us is the Homeland Security director and other ....