Yesterday, we approved 18 chairs and was pretty exciting for us. We had three contested races, and that included congresswoman rosa delauro, now chair of the Appropriations Committee, following in the footsteps of the first woman to serve in that capacity, nita lowey, paving the way. All three candidates were women for chair of the appropriations. The chair of the Foreign Affairs committee, greg meeks of new york, greg meeks of new york, following in the footsteps of another new yorker, eliot engel. And the chair of the ag committee, david scott from georgia, the first africanamerican ever chosen to be the chair of the agriculture committee. Pretty exciting. Following in the footsteps of the great leadership of collin peterson. Greg meeks is also africanamerican. Pretty historic. A woman and africanamerican. In contested races. Throughout our leadership, half of the leadership were women and people of color in chairs of the committee. There are more chairs to be announced, but these ar
A couple days of electing our chairs. Yesterday we approved 18 chairs which is pretty exciting. 3 contested races, following in the footsteps of the first woman to serve in that capacity. The chair of the Foreign Affairs committee, greg meeks of new york, another new yorker, elliott angle, and the chair of the ag committee, david scott from georgia, first africanamerican chosen to be the chair of the Agriculture Committee following in the footsteps of the leadership of colin peterson. Greg meeks also africanamerican, prehistoric woman, pretty contested races but throughout, women or people of color, more chairs to be announced but these were the ones that related to rules and budgets related to steering and policy committee, two of the speakers announcement that were made and others follow. We held the house, pulled the gap 132 of them starting with 18 that were chosen yesterday. I am excited, when they made their presentations over several days this week it was a demonstration of valu
The last 24 hours. Tom what is interesting is the microanalysis of france or germany. Interesting conclusions. Heres what matters. Hospitalization capacity and the number of deaths is front and center for the pros. Jonathan and for market participants, desensitized by the numbers, conditions by the experience of earlier in spring. Markets that if that markets go up, and if they policymakers step in. Tom it is real simple here. Yes, all of that is true, but. Lso noted, a society adapting stimulus may be, the adoption of a set of vaccines, but also corporations adjusting to try to better 2021. Jonathan lets hope we get some better economic data. 8 30 eastern, jobless claims just around the corner. We got from 3m this morning. They are going to cut 3 of their staff, 2900 jobs. This comes amid the concern, how much can we see these terrible pandemic numbers without longerterm impact on that future outlook in 2021 . At 8 00 a. M. , we are getting the rest of the opec meeting on out cuts on
Nation, and Bloomberg Television as well. I love how we end our opening withistopher Christopher Verrone of strategas. A lot of people rationalizing where we are and beginning to rationalize outcome a way utes come on down 30,000 where we are and beginning to rationalize out, wait a minute 30,000. Jonathan lets be clear about something, they have been bullish and right through most of the last eight months. Most hatedlked about bull market, but this recovery has been underappreciated. I have sat here many times waiting for it to fade. It hasnt. But i think now things have changed. Restrictions are back. It is our closing indoor dining. The letdowns wont be the same as early spring, but the restrictions are there for all to see. The question is how much of this do you tolerate. ,om what is just as important moments ago at Deutsche Bank on the fact of a weaker dollar. How weak is weak . What do you see was in the literature . Jonathan if you are ecb president Christine Lagarde, too weak
You will do a data check better than me. What i would look at is the news flow that is out there, and the clear message i get in every conversation is corporations are adapting and adjusting to a slowing economy knowing theres vaccines are out there. Obviously, the celebration yesterday. Jonathan and that is the market celebration, societys celebration about the outlook, not the here and now. President elect joe biden talking about a dark are to come a dark winter to come. Saying he bold might be full. Just a little bit of pessimism, or at least questioning the euphoria of the last couple of weeks. Tom you see it in the minutia right now. Spx and dow have green on the have red on the screen. The nasdaq has green on the screen. The real debate is what happens second and Third Quarter next year. That is what all of the yearend outlooks are going to be. I know you read every word of every yearend outlook. Jonathan i wonder how many will have to be rewritten over the next few months. Tom i