Against the pandemic and when were losing, we buy the cramer covid19 index. Oh, i wish there were more to it than that. But when the virus seems unstoppable. You go back to the wealth and buy the stocks of the companies regardless of valuation. Thats how the dow gained 236 points today the s p advanced 2. 7 . And winners surge 1. 47 . This rally was extra infuriating to anyone who thinks the market should be linked to washingtons inability to pass another stimulus bill now that the 600 a week benefits have expired the rising case counts in so many states, california over 500,000 that forced closures of flagging businesses. So let me give you the guide to the perplexed. Because when you go to the tape and look at whats winning, its actually very straightforward. Theres nothing counterintuitive about this move. Its not crazy its not illogical in fact, it makes perfect sense. Lets do this. Lets consider the 15 best performers of the covid19 index. First, theres fastly. This is a platform
Provider. Scott cooper, what does a Venture Capitalist do . Basically what we do we provide money to companies that are trying to grow and hopefully become very Big Companies like a facebook or google or an apple someday and every doing our jobs correctly, were helping them grow the company so we dont obviously work in the businesses but we can provide and navigate new challenges as they go through the business, we like making ourselves as a money provider and a supporter as a business growth. Why can a company such as the one you described go to a bank and go through traditional avenues . A good question, the problem is most of the business we invest are very risky businesses that lose money for a long period of time as they invest in the business and banks unfortunately are not in the business of doing that or taking risk of losing the capital, we are willing to take that risk and about half of what we invested we will ultimately lose all her money and any bank to your promos will no
Scott cooper, what does a Venture Capitalist do . Basically what we do we provide money to companies that are trying to grow and hopefully become very Big Companies like a facebook or google or an apple someday and every doing our jobs correctly, were helping them grow the company so we dont obviously work in the businesses but we can provide and navigate new challenges as they go through the business, we like making ourselves as a money provider and a supporter as a business growth. Why can a company such as the one you described go to a bank and go through traditional avenues . A good question, the problem is most of the business we invest are very risky businesses that lose money for a long period of time as they invest in the business and banks unfortunately are not in the business of doing that or taking risk of losing the capital, we are willing to take that risk and about half of what we invested we will ultimately lose all her money and any bank to your promos will not be too e
Officials from the Social Security administration, National Archives and state department testified about federal services backlogs due to the covid19 pandemic. Modernization efforts and staffing issues. The House Oversight and accountability subcommittee hearing is about three hours. The subcommittee on Government Operations and federal workforce will come to order and we will welcome everybody to this board hearing. Without objection the chair may declare recess at any time. I recognize myself forthe purpose of making an open statement. Before we go to the floor id like to if i can acknowledge that even formal settings like this we recognize that its important to remember we are all people. And we have families and understand that some of the people who do Business Today have been visited by some hard luck in their life with a loved one and without saying anything in particular. Perhaps many of us more than one or two are affected and its my wishes for them and their family in these
Officials from the Social Security administration, National Archives and state department testified about federal services backlogs due to the covid19 pandemic. Modernization efforts and staffing issues. The House Oversight and accountability subcommittee hearing is about three hours. The subcommittee on Government Operations and federal workforce will come to order and we will welcome everybody to this board hearing. Without objection the chair may declare recess at any time. I recognize myself forthe purpose of making an open statement. Before we go to the floor id like to if i can acknowledge that even formal settings like this we recognize that its important to remember we are all people. And we have families and understand that some of the people who do Business Today have been visited by some hard luck in their life with a loved one and without saying anything in particular. Perhaps many of us more than one or two are affected and its my wishes for them and their family in these