Buy the cyclical stocks. On a day the market got hammered, nasdaq declining just. 06 lets remember what actually took us to these record levels in the first place because those stocks are still the best in jump you know what i am talking about. Talking about a termite coin i am talking about faang yeah, faang, facebook, apple, netflix and google these stocks gone out of style on the wall street fashion show. Smart money keeps telling me to get out of these small stocks and into the russell 2,000 they want you to forget faang and big on everything better with the vaccine there is some stocks that become a lot less attractive when the world goes back to normal. Oh, but not faang. These companies are living and breathing organisms. They are so powerful theyre not connecting to the economic win theyre in charge of their domestici desti destiny. They dont care whos in the white house. It put a target back while zuckerberg fights the government, it would be better if he didnt have to so they
Peters, and delivering the opening statement, a minute to acknowledge the United States passed another milestone that we have lost 200,000 americans to covid19. Our hearts go out to their families, husbands and wives, mothers and fathers, children, grandchildren and grandparents. Americans everywhere must fight to stop the virus from spreading, to protect millions more from experiencing this loss. As members of congress we will go to republicans, all united to be our part. We turn to opening statement, unlike every hearing, in the u. S. Congress economic committee, simply explore economic issues. We will focus on Public Health. With the closing of coronavirus is in march causing unemployment in april, democrats reset some of those Public Health experts in the country. Two all two nobel prize laureates, 5 former chairs of the president s council of economic advisers and 3 were president of the National Economic association over 2 dozen in all. Every one of them have the same urgent mess
Substance, feeble in fact. That the court notwithstanding that strict scrutiny virtually always ruled for the government. Were going to leave this recorded program at this point. You can watch it online at cspan. Org. We go live now to a joint Economic Committee meeting looking at the impact of covid19. Watching live coverage on cspan3. Senator peters from michigan and many others who will be joining us from the house and the senate. Before i deliver my opening statement, i would like to acknowledge that today the United States passed another sad milestone that weve lost more than 200,000 americans to covid19. Our hearts go out to their families, to the husbands and wives, mothers and fathers, children, grandchildren, even grandparents. Americans everywhere must fight harder to stop the virus from spreading so we can protect millions more from experiencing this loss. Members of congress and members of this committee, were all united to do our part. With that, let me turn it over to our
Good morning, it is 8 00 a. M. At apple park in coopertino it is 11 00 a. M. On wall street, and squawk alley is live. Good Tuesday Morning welcome to squawk alley. Im jon fortt. Were going to kick things off with apple, just under two hours away from a big event this afternoon where we expect to see a new ipad and a new apple watch. I argue this is the most important launch for those products since their debut why . The environment that were for the ipad it is all about covid productivity people are trying to buy devices for work from home and school from home. They are trying to extend their lead on the tablet space and what about the watch its all about Health Monitoring as people work out from home and now look for additional tools to monitor their vitals during covid. Apple might provide the knockout punch and make things like googles proposed deal for fit bit irrelevant if it was a fortune 500 company, that would have put the ie had alo alone ahead. One star of the show today cou
A forced tens of thousands to flee their homes. And landing in lisbon no fans in the stands for the Champions League final just under an hour as time into camp our essential man goes head to the biggest prize club football. Math anyhow and welcome tens of thousands of protesters in bell aversive taking to the streets of minsk and other cities for another historic sunday of activists. The demonstrators out demanding president Alexander Lukashenko as resignation teasing him of rigging elections 2 weeks ago the shaken pope who has ruled bella verse for some 26 years is accused nato trying to split the country response hes ordered the army to mobilize sank. The worst was at risk of imminent attack. Ok we are going to cross to at correspondent in minutes later but 1st in neighboring lithuania people rallied in support of the belorussian protest is an act of solidarity and promoting democracy and criticizing lucasian because or thora tarion rule you artists and to form a human chain stretchi