To declarer can rise a recess of the subcommittee at any time. Without objection members of the full committee not on the subcommittee are authorized participate in todays hearing. Members are reminded to keep their video function on at all times, even when they are not recognized by the chair. Thatrs are also reminded they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying House Resolution 965, we will only mute members and witnesses as appropriate. When not recognized for to avoid inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the desk decorum applied to this remote hearing. This hearing is entitled insuring against a pandemic challenges and solutions for , policyholders and insurers. I now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Millio
Trumps presidency. The entire region undoubtedly will be following the biden team closely as it articulates its policy leading up to the inauguration in january. While there is a theory that the new administration focused on domestic problems needs to push back against major challenges from china will want to put the middle east on the back burner but it is not clear they can succeed. Major questions about the u. S. Approach to the ongoing in tensions in syria, with saudi arabia and turkey and what to do about israel and the palestinians will confront Vice President resident elected den whether or not he seeks biden whether or not he seeks them out. I am pleased to welcome the president of nei. , he hascademic work focused on political change and conflict as well as International Relations in the middle east region. Next i would like to welcome these senior fellow of the Turkey Program and senior fellow frontier europe initiative. I would like to welcome general hotel. He is a distingu
He is expected as a virus numbers continue to spike around the nation to give an update on operation warp speed and talk about new developments in the race for covid19 vaccine. At the close you look at the numbers, the vaccine helps as well with upbeat corporate profit a rally not far away from a record high, it was flirting with the record, needed to be 470 but lost a little steam in the final minutes of trading, a strong day, the s p that is a recordsetting, closing up by 48point, as it settled in what appears to be the 23rd record close of the year for the s p 500 and we want to monitor the smallcap stocks today and the russell 2000, the russell closing in record territory what is significant for the smaller stocks, the first time in more than two years we have seen a wrestled record, the s p up in the second straight week, adding more than a thousand points. We canoes and big tech brought the nasdaq into the red, those are your numbers as we come to you on a friday, im connell mcsh
Happening here. We continue with this outperformance from the small caps. We continue with this rotation. Abigail we do, and today is relatively subtle. The outperformance came from energy and financials, which at the end of the day finished higher. Today we are once again seeing movement into the cyclical sectors even though the s p 500 on the surface is basically flat. The nasdaq 100 is lower. You were mentioning the small caps. The russell out another alltime high on the day. You again have investors moving to small caps, value, the cyclical sectors. Theres the financials. Industrials, energy, real estate can materials, all of the sectors in green are the growth and cyclical sectors. On bottom, you have tech and communication services. It is pretty interesting because tech is really being weighed on by apple right now, and they have cut their developer fees by to 15 from 30 . That is a pretty decent chunk of revenue in the past fiscal year, 1 3 of it to those apt of elements. That i
Pope, but still no sign of donald trump conceding to joe biden. Also im natasha popular in paris 5 years after the movember 2015 attacks. There are still painful memories and deep divisions. Montana how much not have all the days sport, including number one in the dust. And johnson takes a share of the lead after the 2nd round of the mostest. Hello, welcome to the program out top story, the United Nations saying that its concerned war crimes might have been committed in ethiopias, northern ted gray region, a Government Forces are battling local leaders. Its when the fighting could spiral out of control leading to heavy casualties. The 10 day conflict has already killed hundreds of people and sent thousands more, fleeing across the border to sudan, the Prime Minister, the i am that has accused the take great Peoples Liberation front of treason and terrorism, and says the offensive wont end until they have removed Amnesty International has said schools of civilians have been massacred du