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The nasdaq gaining 1. 7 . There could be a big threat bubbling underneath this market. President trump and chinese president xi jinping both dialing up the rhetoric today at the u. N. General assembly. Reporter President Trump has often used his annual speeches at the u. N. General assembly to challenge his adversaries, whether its the Nuclear Regimes in iran and north korea or for the second year running china, which he took direct aim at in his speech this year that was prerecorded despite consummating a trade deal with china in january. At this years virtual diplomatic gathering, the speeches were prerecorded and shorter than usual, but President Trump pulled no punches against china, which he accused of letting citizens leave the country and infect others and accused it of withholding information about the virus. ....
We see the dow below the 50 day for the first time in awhile nasdaq hit that last week were off of the lows, 32. 29 maybe just ten tonights off of that the problem is not so much technology, but the reopening sectors. They are weighing on the s p if you just take a look energy, industrials, and materials. They have separate issues with suspicious trading activity. Not as they are notably week taed and this is another sign that the reopening story is not going as well as people anticipated. Remember the bucket thats we watched the market with. It is true there have been advancements with treatment and vaccine. The delays in the stimulus program, europe locked down is a worry. Concerns about the potential for the european lock down is there. As far as the stock market goes, we have been looking at valuations for a long time many people feeling the market is over valued but earnings overall have been improving. There is a lot of balance and debate going on. That happened on friday, nasdaq ....
The best day in two months. This may suggest that despite the fact we have a huge gains to the mega cap stocks, there is uncertainty from whether there will be fiscal stimulus from d. C. , other earnings report, big oil doing poorly. Not a lot of cyclical bullishness at this moment. There are concerns showing through that haven yen getting such a big bid on the day against big tex strength. Taylor when you talk about that big tex strength it is the big tech strength is exacerbating the trend hows that faring as the winners continue it to extend the gains . Abigail it shows on a yeartodate basis. Apple is up yeartodate as a sign of the winners. Chevron, which also reported today, down more than 30 . If we were to take a look at this relative to the s p 500, we will see on the year apple and amazon up in a huge way. On the other hand, the s p 500 flat. The s p 500 equal weighted index is down almost 9 . This is the tale of two stories relative to stocks around 2020. The pandemic haves, t ....
I want to mention a couple of upcoming events. On december 4th we have a news maker with Sheldon White house and on december 9th a headliners coffee and conversation with lonnie bunch. And i would like to present miss abrams with down of the most highly coveted items in washington d. C. A National Press club coffee mug. And finally, before your race, one of the things you were known for was writing romance novels. Is there another novel in the works . Oh im glad you asked. I technically still have to write the third novel in the trilogy that i stopped writing when i became democratic leader. Im going to get that one done, because i dont want to hear from my mom or sister again about this. Im working on a new legal thriller, and that should be coming out sometime in the near future. But its going to be under stacey abrams, because the other name is kind of known. Thank you for ....
Good morning, everyone. The committee will come to order. Were here today to consider the nomination of Dan Brouillette to be the secretary of energy. He currently is serving as the deputy secretary of energy, and i am certainly one who believes that you have done an excellent job as second in command to secretary perry. So we welcome you back to the committee. Its good to have discussion with you last week. I want to thank you really want to thank you for all youve done at the department, for your willingness to serve to this point, and for your willingness to step up in this new and higher capacity. Weve got our colleagues here this morning to introduce the deputy secretary, both texas and louisiana are well represented. Mr. Deputy secretary, you should feel very welcome by having these gentlemen next to you. So we will start with senator cassidy up here at the dais followed by senators cruz and kennedy to introduce the deputy ....