His resignation. This is two hours. Good morning. The committee will come to order. We are here to consider the nomination of Dan Brouillette. I am one who believes that you have done an excellent job as secondincommand to secretary perry. We welcome you back to the committee. It is good to have discussion with you. I want to thank you for all you have done at the department. For your willingness to serve at this point. And to step up in this new and higher capacity. We have our colleagues here today this morning to introduce the deputy area secretary. Texas and louisiana are well represented. Feel very welcome here. By having these gentlemen the two you. We will start with senator cassidy. Followed by senator cruz and senator kennedy. To introduce the deputy area secretary this morning. We do have a full complement here this morning. We welcome all of the good comments. What a wonderful way to tell me to be brief. He is eminently qualified. The United States leads the world in all kin
So we welcome you back to the committee. Its good to have discussion with you last week. I want to thank you really want to thank you for all youve done at the department, for your willingness to serve to this point, and for your willingness to step up in this new and higher capacity. Weve got our colleagues here this morning to introduce the deputy secretary, both texas and louisiana are well represented. Mr. Deputy secretary, you should feel very welcome by having these gentlemen next to you. So we will start with senator cassidy up here at the dais followed by senators cruz and kennedy to introduce the deputy secretary this morning. So senator cassidy, if you would like to proceed. We do have a full complement here this morning and a full house behind you. Hopefully the introductions do not consume our full morning, but we certainly welcome all the good comments. So senator cassidy. Madam chair, what a wonderful way to tell me to be brief. But its a privilege to represent my fellow
Hotter. Retail sales lighter. Jobless claims lighter, too. You have yields moving up. Take a look at the ten year, was 4. 26. Nvidia is lower. Tesla is lower again down 5 this week. The worst s p stock year to date. So were watching all of that. The point being, as i turn to josh brown, you say its not the place to look anyway, if youre thinking about where this next leg of the rally will come from, if you do believe one is in the offing, you say it will come from the small caps and thats where you are zeroed in for us today. Small caps and value and cyclical. Really, anything but tech is the beneficiary. Theyre going to keep using the companies atm witness, not because theres anything wrong fundamentally with the stories amongst the Largest Technology companies, but because theyve all been overbought for a very long time, people have chased, and there are other places to be, and, you know, professionals who have been in the market for a long time, they understand the need to have othe
Dow advancing 47 points. S p gained. 52 . But the nasdaq jumped. 9 . Hallelujah with todays strength its important to note that the nasdaq and s p both finished the month of february at record highs. Something i regard as quite simply amazing given all the woe and worry that we endlessly hear about. What fueled todays rally . Its actually a complex formula of emotion and Empirical Data ware widespread sense of negativity gets proven wrong and remember, why we like stocks shines brightly. Smashing the allencompassing gloom. The house of pleasure lets start with the setup. We get data from all sorts of places the census bureau, bureau of statistics, bank of st. Lou, s p global, commerce department. Often these figures dont mean a hill of beans but periodically when the fed is in play they can mean everything. Especially if you know that the fed cares about some pieces of data more than others. Right now the fed is very much in play. Weve been getting some hot Economic Data of late. They
Moment. Plus, one month and 110 billions in deals. We look at the targets on the table. And fresh bullish sentiment sending bitcoin to 2023 highs. It is tuesday, october 24th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. We kickoff your tuesday with the stock futures after the mixed day yesterday. The s p closed down for the fifth session in a row. Look at the board. Green across the board. The dow would open up 100 points higher. However, the futures are off the highs from the early this morning. They may be higher right now, but small caps are not as we continue to watch the russell 2000 trading at a fresh 52week low. Look right here. You see it is down almost 5. 5 this year so far. You see the slide accelerating in the last couple months just right now. We want to look at the bond market. That was the big story yesterday. Sharp reversal in yields in the last 24 hours as the tenyear bond pulls back from 5 . Thi