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Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop ....
Weve seen the dow and triple gains. S p in positive territory too. Down 22 points, s p futures are off by four. Yesterday was a good day for the markets. You had the nasdaq wed been watching closely was a big outperformer gain of 293 points the first day out of the last four both the nasdaq and s p have been in positive territory. Those three days before that give you something to worry about . Futures had been higher. Down a lot but come off the highs in the session looking at the treasury market where the 10year stands right now. Just below 0. 7 . Oil prices which really fluctuated and sold off sharply. This morning are down again. Wti off 1. 5 andrew thanks, becky a couple big stories to talk about. The senate set to vote on that slimmed down relief bill today talks between the white house and House Democrats and a report that President Trump may step in with more execut ....
Watch live at 8 00 p. M. Eastern on cspan 2 online at www. Cspan. Org or listen live on the free cspan radio app. This weekend newsmakers, the chairman of the House Budget Committee is joining us from louisville. Thank you for being with us. Good to be with you. We also have with us sarah ferris with politico. And jennifer with roll call. Lets begin with the budget rollcall act. You face a deadline. Remind us how we got to this point. The budget cap. Thank you. In 2011, there was a special committee of 16 members of the house and senate. Their goal was to come up with a deficit reduction plan. The process was under the budget control act, which ultimately passed, they set motion sequestration. The idea was that if these 16 people could not come to an agreement in a way to reduce the deficit, there would be automatic budget cuts. It has a 10 year duration. It expires after 2021. Right now, if we dont by statute increase the ....
Debt for being with us. Thank you for being with us. We have sarah ferris with politico. And jennifer with roll call. Lets begin with the budget rollcall act. You face a deadline. Remind us how we got to this point. The budget cap. Thank you. In 2011, there was a special committee of 16 members of the house and senate. Their goal was to come up with a deficit reduction plan. The process was under the budget control act, which ultimately passed, they set motion sequestration. If these 16 people could not come to an agreement in a way to reduce the deficit, there would be automatic budget cuts. It has a 10 year duration. It expires after 2021. Right now, if we dont by statute increase the levels part of the budget control act, we will face cuts of about 125 billion. Equally allocated against the defense and nondefense side. We have this cliff you are talking about. There is also the crisis of the debt ceiling which could have effects on the financial markets. I want to know, how much of ....
Their goal was to come up with a deficit reduction plan. The process was under the budget control act, which ultimately passed, they set in motion a system called sequestration. The idea was if these 16 people could not come to an agreement on a way to reduce the deficit, there would be automatic budget cuts put in place. The budget control act as a 10 year duration. It expires after 2021. Right now, if we dont by statute increase the budget levels that are part of the budget control act, we will face cuts in the next fiscal year of about 125 billion. Relatively equally allocated against the defense and nondefense side. We have this cliff you are talking about. There is also the crisis of the debt ceiling which could have catastrophic effects on the financial markets. If congress cant agree to raise that. I want to know, how much of the burden is on democrats to find a solution that can work, a deal with republicans, if it is not an ideal situation. Democrats during the shutdown were a ....