cable satellite corp. 2021] announcer: next, the confirmation hearing shalanda young, president s nominee to be deputy budget director, and jason miller, nominated to be deputy director for management. this is just over two hours. the committee will come to order. today, we are considering the nomination of shalanda young to be the deputy director of omb, and mr. jason miller to be deputy director for management. welcome both of you. i know you have your family with you and look forward to having you introduce them shortly. i want to first off congratulate you on your nominations and thank you for your willingness to serve our nation in these very critical roles. our country is facing a historic public health and economic challenge. and over the past year, the coronavirus pandemic has taken more than 510,000 american lives. it s also devastated communities, families, and businesses in michigan as well as all across our country. if confirmed, not only will you both play a ke
clarity sunday by speaker pelosi , moving to impeachment tuesday. she has given a 24 hour reprieve of some sort to vice president pence. the news flow on this monday will be truly remarkable. francine: it certainly will. away from politics in the markets, central banks as well. there is ritika gupta with first word news. from houseultimatum speaker nancy pelosi, saying lawmakers will vote whether to impeach president trump for the second time in less than two years, unless vice president pence and the cabinet invoke the 25th amendment to remove him from office. following the riots at the capitol, pelosi says the president represents an imminent threat. luber has learned that mike pence has dismissed the idea of using the 25th amendment. president trump and his advisors plan that she is expected to travel to texas tomorrow to highlight what he believes is one of his biggest accomplishments, the role his thenistration played in border with mexico. some of the biggest names on w
reagan national airport in washington, d.c. baltimore, philadelphia and new york city as well are all bracing for their biggest snowfall of the season. janessa webb is joining me with the very latest on this storm that we re bracing for especially here in the new york city area. haven t seen you in a way, always good to see your face. talk us through which states are on high alert and how much snow we could actually get at this point. yasmin, great to see you. unfortunately, this expansive storm system, it is taking over the northeast. and it is just beginning. this area of low pressure is not even a nor easter that we re talking about. that doesn t develop until around 7:00 a.m. tomorrow morning. and then it will be about a 36 hour event that is going to linger across the northeast. some major hubs that we re talking about, d.c., new york city, philadelphia to boston, those will be the major players. but it is also the inland areas that we ll be watching for that heavy sno
behind, but what is important is the symbols along the way, and the number one symbol is the most unloved bull market since time began. you do measure the wall of cash on the sideline. how does that feel this dow 30,000 morning? left out,very lonely, isolated, and i imagine some of it has capitulated. we talked about a tug-of-war at the start of this month when we got deposited vaccine news. overwhelmingly now, this market is looking through the near-term risks into year end. i had a conversation with someone who suggested we could get a negative payroll sprint negative payrolls print for the next couple of months. it is an outlier call, but deteriorating data is consensus, and here we are running straight through it. tom: maybe it is a biden administration, the fed coming on, stimulus coming on. you keep talking about the russell 2000, up 11% year to date, and it has been a moonshot the last number of weeks. the nasdaq 100 lagging recently, up 34% year to date. 500 up 12.5
the russell 2000, another all-time high, up 2.1%. the s&p 500 up a solid 1.5%. important is the cyclical reopening rotation we had happening in recent weeks, often it comes at the cost of tech but that is not happen today. the nasdaq 100 is up 1%. this is a bully lock cyclical rotation on the expectation of normalizing economy this is a goldilocks cyclical rotation on the expectation of normalizing economy. i know we have been talking about whether or not it will last. if we take a look at the sectors on the month, it does suggest the cyclical rotation is on the way. take a look at energy, up 30%. heading toward its best monthly performance ever. that is the foam oh buying we have around that is the fomo buying we have around energy, but also financials. we have stocks off to the races. taylor: is interesting as we talk about the reflation trade in the outlook for politics. we are looking at bond yields up three basis points on the 10 year, five basis points on the 30 yea