Chloe Bailey continues to show she is physique targets in new photographs!

Chloe Bailey

Roommate, the newest entry in the celebrity #BussItChallenge is probably the most unexpected as Chloe Bailey literally set the internet on fire with her rendition … and she’s not to be missed thanks to some new photos. To thank her fans for the overwhelming love and support they showed her #BussItChallenge, Chloe Bailey decided to post a few new photos – and she’s definitely on the #BodyGoals list.

Chloe Bailey, half of Grammy-nominated R&B duo Chloe x Halle, recently created her own Instagram account after sharing an account with her sister Halle Bailey for years – and her first post was for the record books. In her version of the #BussItChallenge, she kept it pretty simple, but it was her natural curves that absolutely stole the show.

To keep that pep, Chloe also posted a series of photos of her new IG wearing a simple black two-piece crop top and rock ensemble reminiscent of Mariah Carey from the late 90s.

In the meantime, she has one more reason to celebrate: The new season of her series “Grown-ish” has recently returned with all new episodes after being on pause for several months due to COVID-19.

Chloe x Halle received three Grammy nominations at this year’s ceremony for her critically acclaimed second album “Ungodly Hour” with the hit single “Do It” from 2020.

Would you like tea right in your inbox? Visit us at 917-722-8057 or click here to join!

NBC Sports activities Community will stop operations in 2021

Ivan Provorov # 9 of the Philadelphia Flyers plays the puck against Brad Marchand # 63 of the Boston Bruins during the first period in a round robin game during the 2020 NHL Stanley Cup Playoffs at Scotiabank Arena on August 2, 2020 in Toronto, Ontario.

Mark Blinch | National Hockey League | Getty Images

The NBC Sports Network will be closed.

The network will cease operations through the end of 2021, a person familiar with the CNBC’s familiar plan. NBC will transfer its sports media rights, including the National Hockey League, to USA Network. The person spoke to CNBC on condition of anonymity as the person is not allowed to comment publicly on the matter. Both networks are owned by CNBC’s parent company NBCUniversal.

The plan to cease operations will allow NBC to gain more coverage for its sports content. The USA network is available in 86 million households, while NBCSN has an estimated reach of 80 million households.

NBCUniversal initially hoped that NBC Sports Network would be its answer to Disney’s ESPN – a cable sports network that could justify high fees from pay-TV retailers for its popular sports content. Twenty-first Century Fox developed Fox Sports 1 and CBS introduced CBS Sports Network for similar reasons.

But none of the cable sports networks has ever seriously threatened ESPN, and the media industry’s move to streaming video has made linear sports networks anachronistic. NBCUniversal is considering shutting down multiple networks, CNBC reported in October, in an attempt to consolidate its best assets into fewer networks. By shutting down poorly performing cable networks, older media companies could keep the shrinking bundle of cables afloat while maintaining subscription income by increasing the fees for the existing networks.

The network began as the Outdoor Life Network in the 1990s and was renamed Versus in 2006. Comcast owned the network when it acquired NBCUniversal in 2011, at which time it was renamed NBC Sports Network.

NHL playoff games, a selection of NASCAR races and Premier League content will be broadcast to USA Network upon completion of NBCSN.

The Stamford, Connecticut-based network acquired the NHL rights in 2011 with a 10-year package worth $ 2 billion. The agreement runs for the current 2020-21 season.

NBCSN also has a $ 4.4 billion rights package with NASCAR that expires in 2024 and has the prospect of its extension option with rights to the European Football Premier League (valued at around $ 1 billion). The network moved some of those games to NBC’s streaming service, Peacock, last year.

Back to the Future

Longtime sports media rights advisor Lee Berke said the move was “back to the future” for the USA Network, which broadcasts sports content. The channel was originally a national distribution arm for the Madison Square Garden Sports Network and broadcast sports content including the National Basketball Association until 1984.

“The fact that the sport is returning to the US is not a new concept,” Berke said in an interview with CNBC on Friday. “Certainly the distribution helps, but this move reflects some things – the pay-TV package is shrinking. The subscriber base is shrinking. So it justifies having fewer networks on air and the other part of that is the growth of streaming.”

Berke, the CEO of LHB Sports, a sports consultancy, said streaming trends are forcing the network to reinvent itself “when consumer viewing behavior changes. This has been a migration of sport from broadcast to cable in the past 20 years , 30 years ago, when pay-TV got bigger and bigger, and now you’re seeing sports that are moving to streaming.

“I think it’s a sensible move given current trends,” said Berke of NBCSN’s closure. “They try to always be one step ahead of the wave. They don’t want to stand behind it and miss it. But that makes sense, given where the pay-TV is going and where the streaming is going.”

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

Chuck Schumer neutralizes Mitch McConnell by rejecting filibuster safety

Senate Majority Leader Chuck Schumer (D-NY) neutralized Mitch McConnell’s ability to interfere with Biden by denying his request for filibuster protection.

Video:

Majority Leader Chuck Schumer rejects Mitch McConnell’s plan to protect the Filibuster and hamper the Biden agenda. pic.twitter.com/guhW2D66l8

– Sarah Reese Jones (@PoliticusSarah) January 22, 2021

Majority Leader Schumer said in the Senate:

In 2001, then majority leader Lott and minority leader Daschle came together and agreed on a set of rules for the government of a 50:50 Senate. We should follow this precedent.

We offered to honor the same agreement the last time there was a 50:50 Senate. What’s fair is fair. That is the precedent. We could organize the Senate today if both sides agreed to follow the same rules as last time.

However, the Republican leader has made a foreign demand that would impose additional restrictions on the majority, restrictions that have never been before. In fact, his proposal would remove a tool the Republican leader himself had used twice in the last Congress to expedite the approval of Republican candidates.

Leader McConnell’s proposal is unacceptable and will not be accepted. And the Republican leader knew this when he first suggested it.

Schumer would never have rejected McConnell’s demand with all his might if he hadn’t had the votes in his back pocket to kill the filibuster.

Democrats learned their lesson from the Obama years. There will be no tyranny of the Republican Senate minority. Mitch McConnell will not be given power to obstruct the Biden administration’s agenda.

Congress can give President Biden the time to reach bipartisan consensus on issues like the COVID bailout, as Schumer knows they can pass it without Republican votes. Democrats let Joe Biden try to create unity, but they won’t waste time courting Republicans.

Mitch McConnell seems to be on his way to becoming a bystander as he isn’t going to hinder Biden the way he hindered Barack Obama.

For more discussions on this story, join our Rachel Maddow and MSNBC groups.

Follow and like PoliticusUSA on Facebook

Mr. Easley is the Founder / Executive Editor, White House Press Pool, and a Congressional Correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His thesis focused on public order with a specialization in social reform movements.

Awards and professional memberships

Member of the Society of Professional Journalists and the American Political Science Association

CDC modifications Covid vaccine information to OK to combine Pfizer and Moderna pictures

Syringe containers for the Covid-19 vaccines from Pfizer BioNtech and Moderna Inc. in Tucson, Arizona, USA, on Friday, January 15, 2021.

Cherry Orr | Bloomberg | Getty Images

The Centers for Disease Control and Prevention have tacitly changed their guidelines for Covid-19 vaccine shots, stating that it is now okay to mix Pfizer and Moderna shots in “exceptional situations” and that it is in Okay, wait up to six weeks to get the second shot. Two-dose immunization from both companies.

While Pfizer and Moderna’s vaccines, both of which use messenger RNA technology, were approved 21 and 28 days apart, the agency now says that under new guidelines, you can get both shots as long as they’re at least apart 28 days administered will be published on its website Thursday.

Although “every effort” should be made to ensure that a patient receives the same vaccine, in rare situations “any available mRNA COVID-19 vaccine can be administered with a minimum of 28 days between doses” – if supply Is limited or the patient does not know what vaccine they originally received, the CDC says in new guidelines.

The CDC says the two products are not interchangeable, admitting that they hadn’t yet investigated whether their new recommendations would alter the safety or effectiveness of either vaccine.

The agency said health care providers should give patients a vaccination card detailing when they received their first shot and what type of shot it was to ensure patients know which shot to receive the second time. The agency also recommends providers to record the patient’s vaccination information on their medical records and on the government vaccination information system.

Both companies need two doses to achieve maximum protection against the coronavirus. While both shots should be administered according to the guidelines originally recommended, the CDC said the second dose of both companies’ vaccine could be delayed for up to six weeks if necessary.

The updated guidelines come as some cities and counties across the country cancel vaccination appointments because they don’t have as many doses as they originally expected.

Wayne County, Michigan, for example, said last week it would be a priority to make sure people who got their first shot get their second shot on time. But the county said it had to cancel nearly 1,400 appointments for people to get their first shot.

“The intent is not to suggest people do something else, but rather to give clinicians flexibility in exceptional circumstances,” said Jason McDonald, a CDC spokesman, in an email to CNBC.

Dr. Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases, was asked on Friday about the interval at which the two shots should be administered.

“The data we have is of a two-dose vaccine on the recommended schedule of 21 or 28 days,” she said at a virtual event hosted by Harvard TH Chan School of Public Health and National Public Radio . “At this point in time, we at CDC agree with what the FDA says, and the FDA has made it very clear that we should be using the approved regimen.”

“It’s firmly ingrained in science and the evidence available, and doing anything else would not follow science and possibly not allow us to really get the full potential of these vaccines,” she added. “For now, from the CDC’s point of view, we think it has to be two doses on the recommended schedule.”

Naya Rivera’s ex Ryan Dorsey praises the “robust” and “courageous” son Josey

Naya Riverais ex-husband Ryan Dorsey shared a heartwarming tribute to himself and the son of the late Glee actress, Josey Dorsey.

The 5-year-old is the former couple’s only child. He has been living with his father since last July after 33-year-old Naya drowned in Lake Piru, California while boating and swimming with the child and getting them to safety. On Thursday, January 21, Ryan posted a throwback photo of Josey posing in North Carolina Panthers gear on his Instagram page. The actor attended high school in the state.

“#throwbackthursday! Call @panthers and @sirpurr for sending us a cute vacation swag. We really appreciate that,” wrote Ryan. “That little boy … man … I couldn’t be more proud of someone. At such a young age he endured more than anyone else at the age of 5. Without even realizing it, he lives the mantra #keeppounding everyone.” Day with its resilience [sic]. “

Ryan continued, “You are so strong, so brave and so nice. I will always be proud of you and we will always be b / c #keeppounding, that’s all we can do. Everyone who’s had a tough 2020 … you I will never forget it, we think about it every day and I feel for you and vibrate with you on this frequency … I hope you can find a way to continue your days – no matter how hard it is is. “”

5 issues it’s best to know earlier than the inventory market opens on January 22nd, 2021

Here are the top news, trends, and analysis investors need to get their trading day started:

1. Dow will fall back on technical weakness one day after the sector is strong

Traders on the floor of the New York Stock Exchange.

Source: New York Stock Exchange.

The Dow futures fell about 200 points on Friday as two old tech components, Intel and IBM, came under heavy pressure after the quarterly results were released late Thursday. During the regular trading session, technical strength, especially Apple, drove the Nasdaq to another record high. The S&P 500 hit another record close on Thursday, while the Dow Jones Industrial Average closed slightly lower after Wednesday’s record high. For the week, the Dow was up nearly 1.2%; the S&P 500 gained more than 2.5%; and the Nasdaq was up over 4%. All three benchmarks showed strong increases until the beginning of 2021.

Bitcoin fell below $ 30,000 late Thursday as the world’s largest cryptocurrency continued its decline around 2021 after quadrupling in value last year. Bitcoin has fallen more than 30% since its high of $ 41,940 earlier this month. The recent slump for no clear reason underscores the volatility of a currency that has become popular with day traders. The start-up last year was partly attributed to increasing institutional interest.

2. Intel and IBM fall after quarterly results are released

SVP and Director at IBM Research Arvind Krishna speak on stage during the Wired Business Conference 2016 in New York on June 16, 2016.

Brian Oh | Getty Images

IBM shares fell 7% on the Friday before going public, the morning after the company reported disappointing fourth-quarter sales of $ 20.37 billion. Software sales declined as uncertainty caused by pandemics prevented some customers from doing long-term deals. Under the new CEO Arvind Krishna, the company has tried to expand cloud computing and artificial intelligence. IBM’s adjusted quarterly earnings of $ 2.07 per share beat estimates.

Pat Gelsinger, CEO of VMware, speaks at the company’s VMworld conference in San Francisco in 2012.

Kim Kulish | Corbis News | Getty Images

Intel announced that its quarterly results were released earlier than expected minutes before the market closed on Thursday, as an infographic was released. Intel stock closed the regular session nearly 6.5% higher after earnings and sales topped estimates. But after hours, the stock fell about 4% after new CEO Pat Gelsinger said on the post-earnings call with analysts that the majority of the chipmaker’s 2023 products will be made in-house, not outsourced. Gelsinger, outgoing VMWare CEO, will take over IBM next month.

3. Bid to Sign Orders to Boost Food Achievements and Minimum Wage

President Joe Biden signs an executive order after speaking to U.S. Vice President Kamala Harris during an event about his administration’s Covid-19 response in the state dining room of the White House in Washington, Thursday, January 21, 2021.

Al Drago | Bloomberg | Getty Images

President Joe Biden plans to sign two executive orders on Friday to provide a stopgap financial solution to millions of Americans as lawmakers ponder his massive $ 1.9 trillion Covid stimulus package. The orders will increase food aid, protect job seekers from unemployment, and pave the way for federal workers and contractors to receive a minimum wage of $ 15 an hour. Biden took various measures in his early days as president to control the virus and provide economic relief. The size and scope of Biden’s stimulus package has already faced Republican opposition.

4. Fauci appears at the first White House press conference in months

Anthony Fauci, director of the National Institute for Allergies and Infectious Diseases at the NIH, speaks about the daily press conference at the White House in Washington on January 21, 2021.

Jonathan Ernst | Reuters

New data shows Covid vaccines may not be as effective against new, more contagious strains of the virus, said Dr. Anthony Fauci on Thursday in his first White House press conference in months. Some variants identified in the UK, South Africa and Brazil appear to be more transmissible, but not necessarily more deadly. Fauci also said he felt liberated to “let science speak” under the Biden administration. He added that he “took no pleasure” in contradicting some of the claims made by former President Donald Trump.

5. McConnell suggests starting the impeachment process against Trump in February

Senate Majority Leader Mitch McConnell speaks before the U.S. Senate votes to confirm President Donald Trump-appointed Judge Amy Coney Barrett as Associate Justice of the U.S. Supreme Court while sitting in the U.S. Capitol Senate Chamber in Washington , USA, meeting, October 26, 2020.

Senate TV | Reuters

Republican Senate Chairman Mitch McConnell is proposing to postpone the impeachment proceedings against Trump to February to give the former president time to prepare and review his case. House Democrats, who voted last week to indict Trump for inciting the deadly January 6 riot, have signaled that they want to go to court quickly when Biden begins his term. Chuck Schumer, majority leader of the now democratically controlled Senate, reviews McConnell’s plan.

– The Associated Press contributed to this report. Follow all developments on Wall Street in real time with CNBC Pro’s live market blog. Find out about the latest pandemics on our coronavirus blog.

Hank Aaron, legendary baseball participant, dies on the age of 86

The Atlanta Braves’ right outfield player Hank Aaron (see close-up photo) has been named to the National League All Star team for the 16th consecutive year.

Bettmann | Getty Images

Famer Hank Aaron’s National Baseball Hall has died at the age of 86, a spokesman confirmed on Friday.

Aaron was a pioneer and trailblazer in the sport. Almost 50 years ago, Aaron Babe overtook Ruth in home races and now lives in second place behind Barry Bonds.

At a time when 17.4% of major league baseball players were African American, Aaron managed to break up as an icon, according to the Society for American Baseball Research.

Hall of Famer Hank Aaron of the Atlanta Braves swings on the ball circa 1960

Sport in focus | Getty Images

Aaron began his baseball career with the Indianapolis Clowns of the Negro Baseball League after leaving his hometown of Mobile, Alabama, with only two dollars in hand.

“My mom told me that was all she had to give me and be very careful with,” Aaron said in an interview with NBC News.

This is the latest news. Please try again.

DaniLeigh goes on Twitter to handle the backlash on her new track

Just as it looked like the controversy surrounding DaniLeigh’s “Yellow Bone” song had calmed down, the mother of DaBaby’s kids, MeMe, apparently added her two cents to the trending topic. MeMe expressed herself on her Instagram story by sharing a GIF of a yellow bird and writing the message, “Lmfaooo, I’m gone. I didn’t go doooooo. “She went on by plugging in her new music and telling fans to” look for real Playas “while previewing an upcoming song.

Shortly thereafter, Dani started a Twitter rant to further address the backlash. In a series of tweets she wrote: “I let God bless me over and over again… As you sit back and judge me and sit behind you, you will be using small phones and s ** t typing on another woman. You all haters. “

She continued to tweet, “Congratulations, you have to say something about me if you hate … It’s all good. Only God can “turn me down” … That doesn’t mean I don’t care because the people around me are the ones who know my heart, my intentions and my real life … I’m sorry if I’ve offended you. “

Dani gave a breakdown of her ethnicity in a tweet that has since been deleted: “I’m Dominican … I’m Spanish. I am black. I am white … leave me alone. “She ended her ranting by saying she was done for the day.

Dani was definitely referring to her fair skin tone in the song, and a lot of people didn’t take the lyrics well. A user on Twitter commented: “DaniLeigh lost me with that song from Yellow Bone. Are you still making songs that enforce colorism and fetishization of fair skinned people in 2021? Being fair skinned is NOT a personality trait, and unfortunately, honestly, it’s all some of you have that is tragic. #Do it better”

Would you like updates directly in your text inbox? Visit us at 917-722-8057 or click here to join!

International locations need to purchase the mental property of vaccine producers to battle the pandemic

Lawrence General Hospital RN Delana Asaro is pulling doses of the Moderna vaccine in a separate room to save time in the pods on January 11, 2021 in Lawrence, MA.

Pat greenhouse | Boston Globe | Getty Images

With the death toll from the coronavirus reaching nearly 2.1 million, countries around the world are trying to vaccinate their populations. However, with soaring demand and limited supply, they are looking for ways to expedite this urgent call to action. As a result, many countries have applied to the World Health Organization for compulsory licensing of Covid-19 vaccine patents.

The severity of the coronavirus crisis has led many to argue that Covid-19 prevention and treatment products should be global public goods. This “compulsory licensing” approach has gained wide support and has been supported by countries such as South Africa and India. A compulsory license overrides a patent holder’s monopoly over the manufacture and delivery of the product. Many countries, from Israel to Chile, have used this practice to defend against pandemics or against serious diseases.

Last October, Moderna, a pioneer in the development of messenger RNA (mRNA) vaccines and therapeutics, announced that it would not enforce patent rights on its coronavirus vaccine during the pandemic. The commitment was praised by intellectual property activist Jamie Love of Knowledge Ecology International, who said Moderna’s promise “should be kept by every manufacturer”. Moderna has also announced that it will provide open access to patents for the “pandemic” and stands ready to out-license the same intellectual property once the pandemic is over.

This is an example of the efforts of public and private actors to join forces around the world to develop and manufacture therapeutics, vaccines and diagnostics to ensure equitable access. Measures include the obligation to non-exclusive and royalty-free licensing or filing of patent protection notices in some or all jurisdictions, the publication of scientific data on an unrestricted basis, the publication of technical specifications of important equipment (e.g. ventilators) and knowledge sharing.

In May, the World Health Organization officially launched a volunteer pool to collect patent rights, regulatory test data, and other information that could be exchanged for the development of drugs, vaccines, and diagnostics to fight Covid-19. The voluntary pool concept was originally proposed by Costa Rican government officials as there are growing concerns that some Covid-19 medical devices may not be accessible to poorer populations.

Α A similar proposal was made by Greece last spring that the Member States of the European Union should jointly acquire patent rights for vaccines against Covid-19 to ensure that, if they are effective, they are quickly distributed to those in need across the bloc. A key figure behind this proposal is Elias Mossialos, professor of health policy at the London School of Economics and a representative of Greece to international organizations dealing with the coronavirus pandemic.

CNBC reached out to Pfizer and AstraZeneca for comments on the matter but did not hear a response from presstime.

A nurse prepares a syringe of Covid-19 vaccine during a vaccination campaign in a nursing home in Athens.

LOUISA GOULIAMAKI | AFP | Getty Images

According to Mossialos, the speed of a country’s exit from the pandemic will depend on its preparation for the spread of antivirus technologies. “Successful strategies depend on the effective and equitable diffusion of these technologies. To ensure that this is done in a way that does not hamper private investment in research and development, countries could jointly acquire patent rights for these technologies. This allows innovators to be rewarded fairly for their efforts and to encourage further broad business engagement while translating Covid-19 technologies into global public goods that can be quickly and fairly distributed to those in need, “he said.

According to Mossialos, this thinking outside the box should be reserved for crisis situations like this one. “We have seen huge monetary incentives in economies and other investments in the response to Covid-19 that are far more expensive than intellectual property rights payments. The health and economic benefits of these intellectual property rights purchases would surely outweigh the cost. ” he added.

Compulsory licensing of the Covid vaccine

In March last year, the Chilean parliament unanimously passed a resolution declaring that the global coronavirus outbreak warrants the use of compulsory licensing to facilitate access to vaccines, medicines, diagnostics, devices, consumables and other technologies necessary for the monitoring, prevention, detection, diagnosis are useful and treatment of people who are infected with the coronavirus in Chile. In the same month, Israel issued mandatory patent licenses for an HIV drug called Kaletra, which is currently being tested for effectiveness in treating Covid-19, including in combination with other products. The license allows the drug to be imported from a generic manufacturer.

Some believe that this path should be pursued in a coordinated manner on a global level. However, those who disagree with this approach also have strong arguments. “Compulsory licensing is a useful mechanism to improve access to Covid-19 health technologies. However, it should not become a standard country strategy as it can create negative incentives for private investment in research and development,” Mossialos said.

In his view, the Covid-19 crisis requires exceptional responses, but instead of using compulsory licenses that may not be sustainable to fuel long-term innovation, it is better to reward Covid-19 health technology developers with value-based IP rights Products.

“If companies like Pfizer, Moderna and AstraZeneca can make all of the vaccines they need and meet the needs themselves, there is no problem. But if they can’t make the billions of vaccines they need on time, they can be paid extra.” Grant the IP rights and share vaccine production with other companies, “he said.

The European Union has agreed to pay 15.50 euros per dose for the Covid-19 vaccine developed by Pfizer and BioNTech. If an agreement on intellectual property rights were reached between the manufacturers and the EU, as described above, this price could increase.

The EU has signed vaccine purchase agreements with BioNTech-Pfizer (600 million doses), AstraZeneca (400 million doses) and Moderna (160 million doses), but supplies of these vaccines have been slow. And there are already reactions. Lithuania, Latvia, Estonia, Finland, Denmark and Sweden wrote to the European Commission last Friday that representatives of the BioNTech / Pfizer vaccine cooperation on site had stated that deliveries would be “significantly reduced”. Countries did not disclose the degree of the cuts, but said some had been told that normal service would resume from February 8, while others had not been given an end date.

Last week, the European Union announced that supplies of the Pfizer BioNTech vaccine would be reduced in the coming weeks, but that dose increases would be available in late February and March.

On this basis, the proposal to increase vaccine production through value-based purchases of intellectual property rights is gaining in importance. “These could be used to facilitate the large-scale manufacture and effective and equitable distribution of these products,” Mossialos said.

“The mandatory licensing approach requires countries to have the legal and regulatory capacity to issue them. While there is a moral imperative to make Covid-19 technologies widely available, any approach to achieving that goal should too Take into account the long-term sustainability of innovation and equity in health systems, “he added.

– Posted by Nasos Koukakis, specially for CNBC.com

Shares will pull again from the highs by the top of the week. The Dow futures are falling 280 factors

Stock futures fell early Friday morning as the S&P 500 and Nasdaq Composite pulled back from the records as investors reassessed the outlook for President Joe Biden’s ambitious Covid stimulus plan.

The average Dow Jones Industrial futures fell 283 points, or 0.9%, while the S&P 500 futures fell 0.8%. Nasdaq 100 futures lost 0.6%. The Nasdaq Composite and the S&P 500 each hit record highs on Thursday. The Dow set a record earlier this week.

IBM shares fell more than 7% in premarket trading after the company reported fourth-quarter revenue that was below analysts’ expectations. Revenue declined 6% on a year-on-year basis for the fourth straight quarter of declines.

Intel stocks were down 4% after falling 6% on Thursday after posting better-than-expected gains just before the closing bell.

A growing number of Republicans have expressed doubts about the need for another stimulus package, particularly one with a price proposed by Biden of $ 1.9 trillion. Meanwhile, Democratic Senator Joe Manchin has criticized the scope of the last round of proposed stimulus checks. The contradiction of both parties carries weight for Biden, who took office with a narrow majority in Congress.

“Washington’s political reality is starting to affect markets and it is becoming increasingly unclear when the Democrats’ ambitious economic targets will become law,” said Tom Essaye, founder of Sevens Report.

Cyclical sectors, which would benefit most from additional stimulus, lagged the broader market this week. Energy and finance have both lost more than 1% in weeks, while materials have also declined.

Tech companies, most of which do not need incentives to fuel growth, led the indictment. Hopes for a robust earnings season from the country’s biggest communications and technology stocks have kept mega-cap stocks on the uptrend this week, with major indices nearing records during the week of shortened holidays.

Apple and Facebook were up 7.7% and 8.6%, respectively, this week ahead of their quarterly results, while Microsoft was up 5.8%.

With the S&P 500 up another 2% this year and up 16% over the past 12 months, some investors believe the market could outperform itself as problems with the vaccine rollout and economic reopening likely will continue to exist in the future.

“The Covid pendulum, which usually emphasizes the vaccine’s optimism about the harsh short-term reality, is swinging back towards the latter (for now) as epicenter stocks are hit hard in Europe,” Adam Crisafulli, founder of Vital Knowledge, said in a note Friday.

The S&P 500 is up 2.3% in the week so far. The Dow is up 1.2% and the Nasdaq Composite is up 4%.

Meanwhile, the Senate is expected to approve former Fed chair Janet Yellen as Biden’s Treasury Secretary by an overwhelming majority on Friday. If this were confirmed, she would be the first woman to head the department.