Is that correct . I believe thats the case. Mr. Rogers not here. With that, again, i thank the chairman, and i now welcome power panel of witnesses. First, i would again like to welcome senator king, the former governor of maine who served as cochair of the solarium kitchen. Sits on the Senate Armed Services committee and intelligence and others and has been a vocal leader in cybersecurity throughout his tenure. I welcome the senator here. Next, representative Mike Gallagher, cochair of the Cybersecurity Solarium Commission and current member of the house of representatives for the 8th district of wisconsin. Mr. Gallagher is a member of the house Armed Services dmt a s co and a former member of this committee. Id like to welcome mr. Gallagher again back to congress after his paternity leave. I thank you for interrupting your paternity leave and being here with us. Again, gratsz on your daughter grace. In addition to being a huge packers fan, going to be proud of her father for the work
The nasdaq pulling away from alltime highs, the apple one of the five big stocks posting a gain today but while big tech tumbled, the rest of the market was better. The s p 500 less than a percent away from a new alltime high and energy and industrials leading the way. So todays market action, is it a sign florithat the great rota is in place. Guy . It would appear that way. And happy monday and i took french in high school and this move was as we used to say [ speaking Foreign Language we get what youre saying. That is what i said at any rate, it is a pretty and kudos to tim and karen theyve been talking about the transportations for a while in terms of the stocks, look at the move in caterpillar today, a few weeks ago you played trade it or fade it with karen and boeing was 195 and she correctly said to fade it and we talk about how it would trade down to 160 or so and it overshot down at 154. But look at it today, approaching 180. So i think this is a healthy thing. I think those na
Claims and cases of covid19 continue to rise around the world. Two majorly a small games tonight because players tested positive. Good news, moderna is kicking off a late phase trial of its vaccine candidate that will involve tens of thousands of people. Joining us to break down the day that was, Abigail Doolittle has been following all of the back and forth in the markets today. Modernity shares, ending today slightly down, despite the good news about vaccine progress. What stood out to you, today . Might have at the after hours view, that it was a little bit off, but moderna was close to 1 billion on u. S. Funding. It had been topsyturvy, ending higher after two down days but at one point it was russian a bull as stocks were up just slightly but at the end of the day the nasdaq 100 going out a nice gain. The chips index, take a look at that, with hope that some of the intel competitors might be able to produce those next generation chips. The big story, not to revisit tech, gold. Gol
Or the rest of the world. With Earnings Seasons coming up and a few key Economic Data points later this month, how confident are you in the economic recovery . Great setink we had a of economic figures really since midmay through june when the reopening story was gaining the most momentum. Reports,o great jobs pmi, sales, housing data, all to the upside. Economic price indices we follow are in the u. S. Now at alltime highs. That being said, i think we may have a time of slowing in perhaps in the weeks ahead as Economic Data plays catchup with what we are seeing in the country with a slower reopening broadly. So the job state of this past month captured the time from midmay to midjune. The next jobs report will capture midjune to mid july, when we started seeing thoses likes and those spikes and a pause in the reopening. As you mentioned, we also had earnings starting in earnest next week july 15. From an earnings perspective for two to we are seeing downward for q2, we are seeing a do
Rates from the spring to one year ago. And it found that when looking at the total number of patients who died, that there was an increase that couldnt totally be explained just by the reported numbers of covid19 deaths. Which leads to the question, at else caused this in and so their conclusions included that there were secondary deaths due to covid19, such as patients not coming in to seek health care in a timely manner. We learned today that labs across the country are currently near or at capacity due to the increasing demand for coronavirus tests in recent days. Your thoughts . I think overall this is a good thing. To my knowledge, the companies arent necessarily running out of the tests themselves, but its more a matter of the capacity that theyre able to process these tests. There are new results out from pfizer regarding promising news on antibodies developed during the vaccine trial. What do you think about this data . Overall, im cautiously optimistic. The data was one of the