Still trying to get the final meetingfrom opec in the that started two hours ago. Those details continue to come through. I want to take a look at the s p 500 on a four day week. It is a shortened holiday week, so the bond markets will be closing in a few hours. It does mean the market is still having some of the best week, going back at one point since 1974. David thank you so much to taylor riggs. As we said, it has been largely a day about the federal reserve. Cioing us is rick rieder, for Global Fixed Income for blackrock and also head of their global Asset Allocation team. Welcome. When i heard this this morning i said my jaw literally dropped. What was your reaction . Rick i am right there with you. This is an incredible amount. It is followed by chair powells presentation afterwards. Not only are they getting into already what they have announced has been incredible. They are going deeper in terms of what they are doing. They are getting at wide swaths of different marketplaces.
Good Tuesday Morning welcome to squawk alley. You saw a live shot of north korea last hour, not south korea. We know the difference it is important to know the difference now a new year in hong kong, beijing, and taiwan. Heres a live shot of celebrations in hong kong. Theyre having a light show. No explosions in hong kong the last trading day of the month, the year, and the decade. I am jon fortt with me at post nine, again, Morgan Brennan and deirdre bosa. Carl has the rest of the decade, carl, take it off. If youre going to have a light show, hong kong is the place to do it with all of the buildings. Yes well begin with whats been a record year for tech it is on pace for the best year in a decade with the nasdaq crossing the 9,000 mark earlier. Household names like netflix led the charge, up more than 4,000 in the last ten years. What stocks are poised to make their own run in 2020 . Joining us now with some answers or some guesses, gene munster of luke ventures, john freeman of cfra
And bob pisani at the New York Stock Exchange hey, robert. Hello there, old friend narrow trading range were down second day in a row, but a small trading range. 16 points in the s p 500, maybe 200 points in the Dow Jones Industrial average the nasdaq, though, is eking out small gains. The dow gainers for the month, theyre still the gainers for the day. Look at apple, look at nike, look at sisco, all up on the month. The laggards, its interesting, the ones that are down in the month of december also down today. Boeing had a tough month even disney. They topped out the beginning of december, 153 now, 143. Visa ending down today a little bit here that was a big mover all throughout the end of december the one sector i would point out to you is the Energy Sector. Oil exploration product up again today. And you know all of those really beaten up small Exploration Production companies, witing, southwestern, all terrible year, terrible three or four years since the tax law selling seemed to
Sectors expanded use of technology, its just not ready primetime. During this hearing, well private sectors development, use and sale of technology as well as its partnerships with Government Entities, using this technology. We learned from our first may 22 of 2019 that he use of facial Recognition Technology can severely impact American Civil Rights and liberties, including the right to privacy. Protection and equal under the law. We learned during our second federal, n june 4 how state and local Government Entities use this technology on wide scale. Yet provide very little why itsncy on how and being used or on security measures to protect sensitive data. Despite these concerns, we see facial Recognition Technology and more in our everyday lives. Used in ology is being schools, grocery stores, irports, malls, theme parks, stadiums and on our phones, social media platforms, door and even in ootage hiring decisions and its used by Law Enforcement. This technology is completely unregula
F facial Recognition Technology. They testified before the House Oversight and reform committee. Working on e is legislation to address the emerging technology. Good morning, everyone, and is out objection the chair authorized to declare a recess of the committee at any time. Would now like to recognize myself to give an opening statement. Today the committee is holding on a critical ng issue. Facial recognition tech. Its clear that despite the sectors expanded use of technology, its just not ready primetime. During this hearing, well private sectors development, use and sale of technology as well as its partnerships with Government Entities, using this technology. We learned from our first may 22 of 2019 that he use of facial Recognition Technology can severely impact American Civil Rights and liberties, including the right to privacy. Protection and equal under the law. We learned during our second federal, n june 4 how state and local Government Entities use this technology on wide