I got some sleep you didnt miss much this last week. Kind of Nothing Happened not really actually. What week so much happened. What week are we in its going to be 52 for 52 at the end of 2020 in terms of crazy weeks. Thats true. S p was almost closing at a high im faking now like you. Im not in new york city do you like my backdrop . What do you think of it . Thats what im saying. You look great you look great you look fabulous. Okay. Is this are you old enough to remember huntly and brinkley what are we . What are we trying to pass our self off as here what do you think . Chancellor and tv people were probably trying all right who knows who knows. Let me tell everybody about the craziness of what happened in yesterdays market because the swings were wild stocks were up, as joe was mentioni mentioning, we flirted with the height of it most of the day but then turned late lower late we closed lower later in the day. At one point we should tell you the s p 500 was within 1 2 a percent fr
Joe, you tell me first, whats going to be the determining factor this month for stocks i think were going to need to see some value. Were going to have to see energy and financials come around i know i am asking for a lot to see those sectors participate. To your comments at the top of the show about the month of august and the impact that it has, went back and studied the last ten years and in the last ten years, if you did go and purchase or enter the market at the low point in august, at the end of the year, in each instance, except 2018, you were rewarded for that. I would be concerned if we dont see a correction because thats the set up in 2018 we never got the august correction and we set ourselves up for a really bad fall id like to see a bit of a correction i would like to see financials and value and energy participate here i think thats going to be important but any type of correction, the history of the last decade tells you thats an opportunity to be a buyer thinking forwar
Treasury secretary digging in his heels on the topic of reopening saying, we cant shut down the economy again, sarah. Gary he cou gary cohn joins us and last month there were more bubbles to come hell join us to weigh in on todays down turn. And the black swan of 020, thats what sequoia labelled the pandemic in march. Well talk to partner roelof botha about how he views the startup landscape right now lets get to the selloff and our team of reporters to break it down mike santoli tracking the plunge Brian Sullivan on energy stocks. Meg terrell covering one big area of the market for the market, the rise in covid19 cases in some states mike, start us off with the broader ugly action that youre seeing in the final hour of trade. There was an easy way to deal with that and hard way we took the hard way a sharp and violent flush, maybe the start of something deeper. I want to point out stops along the way. The easy way is to flatten out the rally and go side ways were below a 5 pullback. T
For our nation and world. Help them to realize that the power of your providence will enable them to navigate through every challenge and tragedy. Trusting in your might, may they embrace your promise to do more for them than they can ask or imagine. Lord, inspite of difficulties, disappointments, as despair, reassure them that you are still in control. Remind us all that in everything, you are working for the good of those who love you who are the called according to your purposes. We pray in your loving name. Amen. The president pro tempore please join me in the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one e nation under god, indivisible, with liberty and justice for all. Mr. Grassley madam president . The presiding officer the senator from iowa is recognized. Mr. Grassley i ask permission to speak for one minute in morning business. The presiding officer without objection. Mr. Grassley
Good morning, everyone, im scott mcgrew. Back when there used to be conferences occasionally i would be invited to speak at one about how Silicon Valley holds on to its power as Silicon Valley oftentypes by Silicon Valley people who want to build their own Silicon Valley in their own locations. It is difficult to replicate. You can have the people, have the buildings, but what you likely dont have a a lot of access to Venture Capital. 90 of the Venture Capital firms are here in northern california, most in menlo park on sand hill road. The personal relationships developed with Venture Capital are one of the things that fuel the success of Silicon Valley. Doing it in a far flung location is much more difficult, except the virus may be changing that. Later in the show, i will be talking with connie chan of andreason horowitz who says she has no problems doing deals over zoom. Right now i want to speak with amy of anthem Venture Capital, who has been doing just fine doing vc in new york c