Of play for stocks as we build into our discussion. Youve got dr. Birx on the task force. The covid surge, quote, the worst event the country will face coming this winter. Stocks have run a lot coming into november. The vaccine is getting closer day by day values been outperforming lately the value etf coming off its fifth positive week in a row thats the First Time Since its fiveweek stretch ending the end of december of 2019. So my question to you to start things off, where do we go from here it seems like the market wants to go higher i think its been incredible all year it seems to definitely be picking up steam in november and pt fir the first part of december, investors are leap frogging, the political discord in washington, the lack of fiscal stimulus and leap frogging that and buying stocks in general and buying growth stocks, buying momentum stocks, buying value stocks, airline, energy, all of the above. It a really good time to reflect as investors, you got to be in it to win
Theres no room for the public, but this is all streaming and there will be an unedited version that anyone can watch later. Our witnesses are participating by Video Conference today and some senators are as well. I would like to Say Something about mass. The office of attending position that he says since were six feet apart, we dont need to wear masks, although some may. I have one and i wear it outside because as dr. Redfield reminded us yesterday, its extremely important tool for stopping the spread of covid. Im grateful to the rules committee. Sergeant arms, the capitol lice and chun check and Evan Griffith and the people with all their hard work in helping us keep safe and helping us do these conferences by video which everyone has become pretty expert. Senator murray and i will have an opening statement. Well turn to our witness who we thank for being with us today. Each witness if you would summarize your remarks in five minutes, that would leave more time for questions and answ
Captions Copyright National cable satellite corp. 2008 lets turn our attention to one of the important issues, and it is this. 20 Million Students and their families are in the middle of what has to be the strangest first semester of college in at least a century. Almost everything has changed for students except one thing, students still have to answer 108 questions on the dreaded fafsa form, federal aid application for pell grants and Student Loans to help go to college. For years now ive carried around the fafsa as a prop to make the case for simplifying it, but its no joke, especially this year. Many students are questioning their investment in a College Education at a time when many classes are only offering online courses, many of low income students who would benefit most economically from college long term are putting it off altogether. There was an 8 drop in the number of black undergraduate students enrolled in summer sessions compared with last summers enrollment according t
First a few administrative matters. We have gotten advice from the sergeant at arms, the health and Human Services centers for disease control, individuals in the hearing room will he at least 6 feet apart. There is no room for the public and therefore but this is all streaming and therell be an unedited version of it that anyone can watch later. Witnesses are participating by videoconference today and some senators are as well. I like to Say Something about mask. The office of attending physician has said since we are 6 feet apart we dont need to wear masks although some may. Thats why my mask is off. Although i have one and i wear it outside because as dr. Redfield reminded us yesterday its extremely important tool for stopping the spread of covid. Im grateful to the rules committee, sergeant at arms the press gallery and the Capitol Police and chung check in the Evan Griffith r. Staff, all their hard work in helping to keep us safe in helping us do these conferences by video with wh
The market dealing with a fed induced whiplash today we are well off the session highs but in the green for the s p 500 swelz the nasdaq, the dow. The nasdaq though in negative territory down by. 2 check out the etf that tracks the Home Builders down today, but it is up 5 in just the past week well tell you which names are driving that move. Well the hawks are out in jackson hole, wyoming. Fed officials not saying what the market wants to hear today Steve Liesman is there talking to all the xwbig names. It was really harp rer that sort of sparked that turn around in the market he wants to stay neutral. More on that in a second, but i want to show you the gyrations in the outlook for the Federal Reserve through the fed funds futures market still a 99 of a rate cut. 66 for october december cut seems to be on the b table. Whether or not the 75day point for the rest of the year or just 50 another Interesting Development in september, a 1. 3 chance that the fed remains on hold. It was a 40