Of mind blowing. Check out these numbers, the six biggest tech stocks losing more than 1 trillion in value in three days apple, microsoft, amazon, microsoft, tesla and facebook. This is kind of unbelievable on the way up, we kind of get i wont say we get used to it. Complacent. We dont quite notice it as much after the split, was apple up 40 or something remember when we were arguing about tesla at 500 a share . Look where it went eastbound the s p was up almost 60 since march. You get these crazy moves to the upside we should have been able to watch this after all these years and how quickly the corrections can come to get that move and have a correction in three days maybe we need to even revise the terms for how we talk about it given what the nasdaq has done, that perspective it is nothing it is not that shocking if you are a longterm investor, this is no big deal. If you were looking at this. Those six stocks losing a trillion in value, they are still up several trillions you are
[inaudible conversations] good morning. I call this hearing to order. In just the past six months, the covid19 pandemic has completely upended our everyday way of life. One of the most sudden and stark transitions to the way all of us work. Millions of americans have been unable to go to the office each day, as a result, weve had to find a way to get our jobs done and keep our economy going. The financial hit to small and larger businesses has been devastating during this crisis. Reducing expenses is increasingly important for individuals and businesses, as the country struggles with the unexpected costs of the coronavirus pandemic. Such cost savings are likely to persist after the pandemic. Nearly one in five private sector chief Financial Officers plans to keep at least 20 of their work force working remostly after the covid19 pandemic ends in order to cut costs. I believe the federal government should also be looking for opportunities to save taxpayer money wherever and whenever pos
Lessons learned from remote market learning during the coronavirus. Private is in its representatives were utilizing remote work and how the federal government could reduce their office workspace. [inaudible conversations] good morning. I call this hearing to order. In just the past six months, the covid19 pandemic has our everyday way of life. One of the most sudden and stark transitions to the way all of us work. Millions of americans have been unable to go to the office each day, as a result, weve had to find a way to get our jobs done and keep our economy going. The financial hit to small and larger businesses has been devastating during this crisis. Reducing expenses is increasingly important for individuals and businesses, as the country struggles with the unexpected costs of the coronavirus pandemic. Such cost savings are likely to persist after the pandemic. Nearly one in five private sector chief Financial Officers plans to keep at least 20 of their work force working remostly
Morning depending on where youre at in the country right now and i want to make sure to note some important requirements as we conduct this official remote hearing. Let me begin by just saying they standing house and Committee Rules and practice will continue to apply during remote proceedings. So all members are reminded they are expected to adhere to the standing rules including the corum took with that said during committee will operate in accordance to h. Res. 965 and the subsequent guidance from the World Committee and the manner that respects the rights of all members to participate. House regular shows require to be visible through a video connection throughout the preceding. Please keep your cameras on and also got to participate in another proceeding please exit this one and then log back on later. In the event member interest technical issues that prevents them from a recognized for the questioning i will move to the next available member of the same party and i will recogniz
Talk about a uturn, we had a swing from high to low, 875 points on the Dow Jones Industrial average and it closed at about 160. The nasdaq at one point down 582 and at the close the nasdaq is off of about 140 points. It is down maybe 702 days which is pretty intense and you can finally see the s p 500 down not even 8 or 28 points. Why the selloff, why the rally back, as for the cello question the wall street journal was reporting a jump in trading volumes and options that are linked to Technology Companies and as for the uturn major rent from the record that we had on wednesday and that mightve been overdone with that technology. Delete they come back mainly apple, it was down over 8 at the lot but in did hire a bit and it averted a threeday losing streak, other tech names, the work from home stuff, they did continue to get humbled suggesting that investors are betting on the economy reopening a little bit. Look at that down about 5 tod today, with the economy reopening you have airlin