Thats the worst performance in two weeks. The dow has been down. Nasdaq have been down five out of six the tech selloff was worst it continued down 3 led lower by stocks like apple the same old story big volatility coming. Those are really the tail thats been wagging the dog for a while. Youll see the nasdaq is lower once again the other two averages hanging in there the s p on the flat line nasdaq down another 50 points. Fur watching what is happening over the last two months they closed. Dow at the lowest level since the third. The 10year sitting at 0. 66 the story that seems to never end, tiktok. Here we go the owner bytedance applying for an export license in china as it pushes for a deal in oracle and walmart. They did not mention the pending deal and technology it was seeking to support calling the deal dirty and unfair they have no reason to approve it all of this raising questions about that prospect and what that would ultimately look like. What happened earlier in the week we
Swapping out pfizer for amgen. Raytheon youll hear later today. The largest oil and gas company with one software play dropping a respected drug company for a descent biotech . Kicking a defense contractor to the curb for an industrial if it makes you scratch your head, youre not alone these changes had enormous impact the dow dipping 60 points and the s p dipped and nasdaq gained 6. 7 in all honesty, these moves made a lot of sense they bring the dow closer to the reality of the new cone economyt the memory of the old. Before i delve into each trade, there is an aspect of the dow like the king to the s p 500 Prime Minister same t simultaneously more prestigious. Only included the dow because i had old investors regarded as the most important benchmark we live in the efts of trillions of dollars and whatever name gets swapped in, there is a gigantic wave of buying and selling. The dow has little money invested in etfs its a big deal if you work for them because this is an exclusive clu
Safely lets bring it back into our salons governor newsome hashtag open salons now. Some hair salon owners in the bay area say they plan to reopen later this month despite orders from the governor and local Health Officials to remain closed. Over the weekend several salon owners in the tri valley area met up and decided theyll reopen on august 17th with or without approval on 4 michelle kingston talked with the attorney ernie of the professional Beauty Federation of california about the plan. Salons are unable to reopen here in Alameda County, not even outside on the sidewalk. But some salon owners here say that theyre going to reopen anyway on august 17th 5 months after initially having to shut down i 17 its been 5 months said salons across the state had to shut down because of the coronavirus pandemic some beauty salon owners and the tri valley and across the bay area decided over the weekend that they will reopen on august 17th even for just a day despite the state in their county H
Democratic and republican members of the House Armed Services committee over the pentagon plan to devote 3. 8 billion to construct more border wall. The pentagon is asking congress to approve a 705 billiondollar budget for fiscal year 2021. This hearing is three hours 35 minutes. We will go ahead and call the committee to order. Good morning, everyone. We are gathered here this morning from secretary of defense doctor mark esper and chairman joint chiefs of staff general to hear about the proposal for the department of defense. I will start with some good news or start by thanking the witnesses for being here and further service to the country. Both served their country in various capacities for a long time, not an easy thing to do. I appreciate that and look forward to continuing to work with you. Unlike last year, we have a budget agreement, and last year we spend a lot of time talking about how difficult it is to run while anything in the government but certainly the department of d
Test of these taking back power from the executive branch is often a challenge that requires overriding a president ial veto which is increasingly difficult. A return to normal appropriations, increase in legislative oversight, particularly by a spending authority, an earmark reform that both returns the practice while strengthening its integrity requires no president ial signoff. In fact each step rests solely within the purview of congress and it would allow legislators to increase capacity, better represent their constituents, uphold their oath and recommit to the spirit and letter of article i of the constitution. Thank you for your time. Thank you. Were going to head into questions. Im going to yield my time to representative scanlan. I know you have another hearing to get to. Thank you so much, i appreciate it. And thank you, chairman kilmer and vice chair graves for holding this hearing. Weve had a number of hearings talking about kind of the Practical Impact of issues so its re