Without objection the chair medically resource recess without objection the chair may declare a recess had any time i want to go through the usual housekeeping matters todays session is an on an unclassified basis all participants should refrain from discussing classified information on Public Disclosure and the committee is conducting the virtual hearing with House Resolution 965 and the resolution of the proceedings is being broadcast live on the Committee Website because it remains ongoing and so we wish we could return to all Events Health and safety protocols means you have alternate means to carry out so let me remind members and consistent with regulations and to limit background noise members are responsible to unmute themselves when they are recognized for their five minutes because there are delays that would ask members andbe witnesses to allow sufficient time to make sure the last speaker is finished. You must have your cameras on at all times if you step away from the proc
Media, National Security and intelligence. This is an hour and a half. Without objection the chair may declare recess at any time. Before i begin, i want to go through the usual housekeeping matters. First, todays session will be conducted entirely on an unclassified basis. All participants should refrain from discussing any classified information. The committee is conducting the virtual hearing in compliance with House Resolution 965 and regulations for the committee proceedings. Its being broadcast live on the committees website. Because the threat posed by the pandemic is ongoing we will do this remotely to ensure the safety of the witnesses, members, staff and public. While we wish we could return to all standard inperson events, health and safety particles dictate we find alternate means of carrying out our obligations. Okay. So, let me remind members of a few remote procedures. First, consistent with the regulations the committee will keep microphones on mute. Members are respons
World . And another heatwave in the northwest. Wildfires continue to rage in california and colorado. How technology can battle the blaze. But first, stocks ending the week mixed. We saw a tech slide. House Speaker Nancy Pelosi saying the divide still persisting in stimulus talks with the white house. Lets get the latest from bloombergs abigail doolittle. Abigail another bumpy one. Had decentay we gains for stocks. Options Expiration Date tends to bring volatility. We saw that into the close. Often you have traders that need to hedge on different positions around the options to the underlying security. The nasdaq 100 earlier today up pretty sharply, then closing down about 4 10 of 1 . A bit of a bearish reversal for the nasdaq 100. One of the big drags was amazon giving up big gains on the day. Ay may not have been as inspired as it was last year. Something we talked about earlier this week, since the stock was down both days of the event. Traders for whatever reason, you will see that
Sell, sell, sell, sell it is a mistake to sell. This president hates being blamed for lower stock pric pri. The negotiation yesterday, you have a second tweet storm where he reversed himself or offset some of the damage bye, bye, bye the dow surged 35 points his tweets bring new light into the stimulus talks creating the biggest surge since july and thats not the only certain watch. We know democrats and the House Judiciary Committee did Something Big today. They want to break up some big tech it is some of our favorite stocks i am going to defend them. The house is concerned because they think they got monopoly power. We cant get away from washington for a minute. Let me say flat out. I dont like monopolies. They are bad they cut the heart out of the small and medium size businesses our whole system is based on competition. Without it, big business have no incentive to improve are facebook, apple, amazon and alphabet really monopoliemonopos oh, i am not convinced these companies have
All participants shall refrain from discussing any classified or other information protected from public disclosure. Second, the committee is conducting virtual hearing in compliance with house revolution 965. And the regulations for remote proceedings. Its being broadcast live on the committees website. Because the threat posed by covid19 pandemic remains ongoing, we are proceeding this hearing remotely in order m to ensure the safety of our witnesses, members, staff andnd public. All wish we could return to all standard and person events, health and safety protocols dictate we find alternate means of carrying out or oversightht obligations. Okay, let me s remind members during remote procedures, first consistent with the regulations the committee will keep their microphonese muted to keep down background noise be they responsible for under it in themselves and they see recognition they are recognized for five minutes. Sometimes our delays when commuting or unmute in, i would ask memb