Twopart hearing with drug company leaders. It is three hours 35 minutes. Welcome to todays hybrid hearing pursuant to House Speaker rules some members will appear in person and others will appearer remotely. Some members are appearing in person, let me first remind everyone that pursuant to the latest guidance of the house attending physician, all individuals attending this hearing and person must wear a face mask, unless you are speaking. Members whono are not wearing a face mask will not be recognize recognized. Let me also make a few reminders for these members appearing in person. You will only see members and witnesses appearing remotely on the monitor in front of you. When they are speaking and what is known as web act as active speaker view. A timer is visible in theib room directly in front of you. For members appearing know youre all familiar with web ex by now, but let me remind you of a few points. Whether they are in person or remote song as they have their web ex set to ac
Outside today. It is so nice to bring you better news with our air quality. It is slowly Getting Better and this morning, check it out. Even parts of the north bay are starting off with moderate air quality. Yellow dot in santa rosa, and also for rio vista and looking at unhealthy air for sensitive groups. It is a little better for san rafael and San Francisco and napa and fairfield and concord. You are in the very unhealthy category. There are some improvements coming our way. We are still looking at that spare the air alert going a record 29 days in a row without a smoky skies however we will see a little bit of blue in spots this afternoon as there are parts of the bay area. To the next couple of days, or the next few days, we will start to see even better air quality for everyone. I will talk about that coming up in a few minutes. Lets check in uple that will this is around where they are wrapping up some overnight roadwork and some construction. It was supposed be cleared about ha
Of a point, call that flat. The gains in the techheavy nasdaq are way more interesting in this final hour because they come about an hour and a half after the department of justice hoisted a sword of damocles over the social media sector. The doj has proposed new legislation that would make Silicon Valley giants from twitter to facebook to google liable for content thats posted online that violates federal law. Our floor show traders are here to tell us if doj danger is now the cue for you to take your tech profits and run. The Housing Market in full bloom as States Reopen and wouldbe homeowners resume their quest to fulfill part of the american dream. The ceo of mortgage Lending Software giant reveals what hes seeing in the Mortgage Market as rates remain at historic lows. Time to refi . Well ask. General motors flips the script from making cars to transmissions to medical supplies needed to fight the coronavirus pandemic. How about that. Well, the chief engineer running gms productio
Good evening,on eve welcome. Well, it was a record run on wall street this week. The major indexes breaking thugh alltime levels multiple times, led, of course, by Federal Reserve chair Jerome Powells capitol hill testimony mi where he signalled an Interest Rate cut or cuts might be near. In the end welose it out with triple play of record closes. The dow rose about 244 points to 27,332. The nasdaq climbed 48, and the s p 500 added 13 and closed above 3,000 for the first time. All threendes were solidly higher on the week. And while we sit here at record levels, the market will be turning its attention to earnings season which gets under way in earnest next week. Bob pisani tells us the one thing investors mt keep an eye on. Eerarning season is upon us, citigroup kicking things off on monday. For investors it will be about guidance. Prayerfully the second half guidance will be cautious and on the weaker side due to Global Growth and tariff issues. What about the bulls . Theyre arguing
Dow gain 42 points nasdaq climb 2. 5 per, usual records highs. Each day with get a stock that seems to ignite and then captures the fancy of investors and provide the leadership that make succession so exciting and yes, lucrative at least if you happen to own it in fact, you know what, im an angler and theres a tar pine festival in july next year this is like fishing, catching a 40 inch fish every day, each different than the day before. Take todays catch, markecdonal. Not that long ago this to be was knocked down, that created a panic, even as it seemed out of contractor with the slow and steady wins the race performance of ceo steven. Now the stock has broken out unless you call that will veggie burg they released in europe something, the stock climbed to a 2. 5 high the next thing you know the analysts will be inventing reasons why it went up so they can recommend the stock tomorrow having analysts pound the table doesnt hurt even if they are gemmed up. Everyone loves a winner but t