Facebook, the amazon, the netflix and google, now alphabet i get that, too. Theyre whats called a crowded trade meaning anyone whos anyone seems to own them, right . On a day where the averages meander with the dow dipping 15 points, s p backsliding 1. 2 and the tech domain that is the nasdaq declining for 4. 7 , you know what, it might be worth remembering why we used to like tech in the first place and why despite what you see and hear maybe you shouldnt give up on it so easily as so many are doing right now. Let me give you some context despite the fact that so many people are worried about the valuations of Technology Stocks the house of pain you need to look at what else is out there to see why tech is maybe a little more special than you think. Why dont we start with nike i love the company thats nike i shot clock shoe dog, the autobiography of the person who founded nike is unbelievable its an unbelievable story how a Little Company from the great state of oregon took on all the
Good morning. This morning consider the no, maam nomination of shanahan. We thank you for your willingness to serve our nation at an important time. We welcome your family and flends. This is our fredition. It is important they ree information of so in order the dper i to exercise responsibilities. Will you ensure your staff complies with deadlines established for questions for the records and haegs. I will. Will where you vid if respopts to amg thank tex pent me yes. Do you agree to pro vietd documents including electronic form of kplun case in a timely manner when requested or to consult with a committee for any good faith, delay or di nile . Yes. Have you assumed any duties or taken any a that would appear to presume the kout out ops outcome . No. I will submit my Opening Statement for the record. I with see how upset other member of the committee are missing that. Maybe with a little luck senator reed will do the same. Its yourly kick, that i would ask them to submit the state. Sin
Suggesting it is time for new leadership. Wait until you hear how she is responding to all of her critics. Joining us this hour, charlie hurt, richard jordan, Jon Hilsenrath and andy biggs. Melissa the Senate Health care bill is giving market shot in arm but the stocks are beginning to slide. Nicole petallides at new york stock exchange. Nicole, what happened . There was 50point turnaround. We got the news, market quickly went from red way into the green, 52 point from bottom to top. Then sort of bounced around there, moved the Health Care Stocks higher. In fact the S P Health Care index hit a new high. Then just fizzle out right to where it really was in the morning. Were not hearing any reason to have sold this market. In fact it seems to be more of what we saw this morning eliminates the pop in the middle of the day. Oil came up off the lows, those multimonth lows. That helped the market a little bit throughout the day but then closed. Look at some movers here. We talked about healt
Good morning. We need to consider the nomination of Patrick Shanahan. Mr. Shanahan, we thank you for joining us today and for your willingness to save country and serve our nation at an important time. We welcome your family and friends. As is our tradition, we invite you to introduce them at the beginning of your testimony. It is important that this committee and other appropriate committees of congress be able to receive testimony, briefings and other indications of information. So as it standard for this committee to ask certain questions to exercise its legislative and oversight responsibilities, have you adhere to applicable laws and regulations governing conflicts of interest. I have. Will you ensure your staff complies with deadlines including questions for the record and hearings. I will. We cooperate in providing witnesses. I will. Will those witnesses be protected from reprisals for their testimony or briefing. Yes. Do you agree, if confirmed to testify on th request was for
Testimony, briefings and other communications of information. So it is standard for this committee to ask certain questions on order to exercise its legislative and oversight responsibilities. Have you adhere to applicable laws and regulations governing complex of interest . I have. Will you ensure that your staff complies with the deadlines established request to communications, including questions for the record in hearings . I will. Will you cooperate in providing witnesses and briefings in response to congressional requests . I will. Will those witnesses be protected from reprisals for the testimony or briefings . Yes. The you agree to appear and testify upon request before this committee . Yes. Do you agree to provide documents including copies of electronic forms of communication and in time and when requested by duly constituted committee or to consult with a Committee Regarding the basis for any faith, later denial and providing such documents . Yes. Have you send any duties or