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The distribution list dedicating for written materials the members might want to offer as part of the hearing today. If you would like to submit submit seven materials, send them to the email address distributed to your offices and we will distribute them as quickly as we can. In light of what is going on in the world today, i ask everyone in the room where a mask at all times, except when you are speaking. Other then if you are a speaker, when you are speaking, i witnessed when you were speaking or when he or she is speaking, please wear a mask at all times. This is for public health. I recognize myself for an opening statement. We are familiar with the terrifying words i cant breathe. They were uttered by george floyd while the Police Officer pen they need to his neck a knee to his neck, taking the final breath of life. Six years ago, eric garner uttered those same words while locked in a chokehold in new york city. He died at t ....
Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund ManagerStanley Druckenmillers assessmen ....
Rise. Without continued vigilance, well again create the conditions that led to us being the worst affected country. How many deaths and how much suffering are you willing to accept to get back to some form of normality. Economic adviser larry kudlow. And Liz Ann Sonders and Neel Kashkari. Top pharmaceutical executives will join us on the latest search on covid vaccines and treatments and all of the weeks politics with Chris Christie and rahm emanuel on our powerhouse round table. Announcer from abc news, its this week. Here now, chief anchor George Stephanopoulos. Good morning and welcome to ek that set somef e worst records ever for the rnin 20. 5 million americans lost their jobs in april, tentimes the record set in 1945 when the country demobilized from w ....
Were at the lows of the day thats where we are. About a 600 point loss for the dow. Nasdaq a bit more than that. The russell which has been a real outperformer giving back 5 now. S p coming off its best month since 1987 we have come a long way off the lows april was an incredible month. We said best since 87. Are we primed to go higher in may . Are we poised to go lower because of how far we have come . You know my answer is i can make the case for either way but what im going to tell you is the weekly closing candle is disgusting now we had a huge comeback but even at its peak which i guess was some time yesterday or the day before, only 0 of s p 500 names had gotten back above their 200 day. So you had almost a third of the market back in some semblance of an up trend and we rolled hard look whats rolling. All of those beaten up names that rally this week, the airlines, the oils, the stuff we said okay, thankfully those shareholders got a breather trashed again today. Rollovers and h ....
On the barrons round table, ben leveson, jack howe. Ben, we saw stunningly horrible economic numbers last week, really unbelievable, but the market actually was higher on the week. What is happening . Yeah. I mean, this data was just terrible. Retail sale, industrial production, empire state manufacturing, you name it, it was probably the worst ever on record. Unemployment, the jobless claims continued to rise another 5 Million People lost their jobs. I mean, its just bad. But we knew it was going to be bad, and theres also two rays of hope out there. One was a new set of treatments that gilead is working on for covid actually might be work. We dont have all the data on it yet, but that provided a boost for stocks x. Then theres talk of reopening the economy, and thats also helped too because it signals perhaps there is a light at the end of this tunnel. Jg jon so, jack howe, i know youre looking at valuations, and as ben pointed ....