Headlines in the quarter some past underperformers are catching a big bid check out these moves and the financials etf up 9 and xlb materials up 3 and on the flipside, outperformers like tech and health care are underperforming the Broader Markets with the xlk etf up 1 and xlc communications up 1 so is this rotation temporary or will this be the new leadership Going Forward . Guy adami, lets start with you. Hi, mel hi, guy well, just about everything is temporary if you think about it except luggage in the great words of eddie murphy, but i digress. I think it can continue and i absolutely think the banks can continue and kudos to karen who has been talking about the banks and saying the pain trade will continue to be higher in the Broader Market what we have said is banks should be trading higher and for example, j. P. Morgan which weve outlined the metrics that i used that was a 62 tangible book and put a 1. 85 multiple and youre talking about a 118 stock and i absolutely think there
the spending showdown is about to go down. chad pergram following it all, a lot of details to pull together, but he s the man to do it. chad, what s happening? reporter: david, good morning. senate democrats aim to pass the climate, health and spending bill this weekend, but it may be a long weekend. we just got a ruling from the senate parliamentarian, she green lighted a provision in the bill to let medicare negotiate the cost of prescription drugs. democrats say that makes the cost of pharmaceuticals cheaper. elizabeth mcdonough has a lot of sway in process. the closer you can demonstrate a connection between what you re proposing and its fiscal impact on the federal budget, the more likely it is that it qualify for a simple majority vote out will. if i it doesn t, if it runs afoul of the rules of the road and/or is more designed to impact private sector activity reporter: on tapped today a marathon vote session with perhaps 15 consecutive hours of votes on amendme
Ramaytush rahmytoosh ohlone olonee who are the original inhabitants of the San Francisco peninsula. Forgotten the responsibilities as the caretakers of this place, as well as for all peoples who reside in their traditional territory. Ramaytush ohlone community and by affirming their sovereign rights as first peoples. Thank you. Um, so i guess well start with the revenue update. Thank you. All right. Good morning. Um, my name is carol lou citywide revenue manager of the budget and Analysis Division from the Controllers Office thank you for being here. Last time my colleague gary talked about the homeless for another for the joint report that significantly lowered um, the tax forecast for all yours what had been previously assumed in the budget ill speak that the mark 24 to the joint report were still writing that report so ill speak about that march 24th. Key points we emphasize forecast is the best thinking in time. Um, they change as soon as theyre printed always new notation we just
I want to hold the land acknowledgement. Ramaytush oholone land acknowledgement we acknowledges that we are on the unceded ancestral homeland of the ramaytush rahmytoosh ohlone olonee who are the original inhabitants of the San Francisco peninsula. Forgotten the responsibilities as the caretakers of this place, as well as for all peoples who reside in their traditional territory. Ramaytush ohlone community and by affirming their sovereign rights as first peoples. Thank you. Um, so i guess well start with the revenue update. Thank you. All right. Good morning. Um, my name is carol lou citywide revenue manager of the budget and Analysis Division from the Controllers Office thank you for being here. Last time my colleague gary talked about the homeless for another for the joint report that significantly lowered um, the tax forecast for all yours what had been previously assumed in the budget ill speak that the mark 24 to the joint report were still writing that report so ill speak about t
I want to hold the land acknowledgement. Ramaytush oholone land acknowledgement we acknowledges that we are on the unceded ancestral homeland of the ramaytush rahmytoosh ohlone olonee who are the original inhabitants of the San Francisco peninsula. Forgotten the responsibilities as the caretakers of this place, as well as for all peoples who reside in their traditional territory. Ramaytush ohlone community and by affirming their sovereign rights as first peoples. Thank you. Um, so i guess well start with the revenue update. Thank you. All right. Good morning. Um, my name is carol lou citywide revenue manager of the budget and Analysis Division from the Controllers Office thank you for being here. Last time my colleague gary talked about the homeless for another for the joint report that significantly lowered um, the tax forecast for all yours what had been previously assumed in the budget ill speak that the mark 24 to the joint report were still writing that report so ill speak about t