Secretary mnuchin resuming talks and as carl just said, stocks are set to rally at the open despite ongoing fears, where are the opportunities for investors . Were going to have a look at the sectors and the stocks that could still be poised for growth in this ongoing and still a covid market as we say, carl, with cases at highs in many states yeah. Indeed though, jim, although there is a lot going on this morning, got to start with the chip story you made the wires by suggesting that xilinx may not be ready to sell. I had the ceo on in august, hes so excited about all the new markets that hes going into hes talking about video, live video streaming hes coming into, auto exposure. The problem is every one of those dove tails perfectly with advanced micro i can see the ceo saying all the areas we need to be strong in, xilinx can give it to us i also see that victor, when he was on, was saying, this is new for us, were just doing this. This is not like when altera was going to be sold to
Nasdaq finishing up 2. 56 . Sometimes stocks deserve to go up or nothing. It is critical to see stocks lev tate li levitat levitateli what they are doing here we are paying more for the same level of earnings or story, betting that someone else will take it off our hands for a price thats still higher. Some people calls it full theory multiple expansion is what we saw today. Wall street got hyped of the best of the best look at what led us higher start with apple and it is always fun to start with apple you follow apple, we all know they want your new phone tomorrow new iphones come out on the clock work and even 5g in it and we had to buy in it of course. That did not stop wed bush he points a step up for demand for components of larger version. We know that from marvel and sky Works Solution let me read you one lets say sn snippet. A super cycle, huh when you call something a super cycle, you have to catch somebodys attention i am superstitious of super cycle. We heard it right befor
Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Stimulus bill. What happens if washington lets us down again and millions of people, especially in the hospitality industry, find themselves struggling to put food on the table . Does that mean we should use a day like today where the averages went up dow gained 122 points. S p climbed 0. 80 to sell everything into strength not so fast. Like i say every night at the end of the show, there is always a bull market somewhere, and even without a stimulus package, weve got a whole bunch of them that should do just fine as a matter of fact, theres a lost of breadth here first, the relentless bull market in housing. You can think tall brothers, dr horton, these companies are huge kinc covid winners. When youre stuck working from home, your housing priorities change who wants to live in a tiny apartment in the city to save time on your commute when you have no commute. This is the zoom economy, people you might as well move to the suburbs or the country where you can have more room thats why t
Increased with no signs the government has managed to flatten the curve. Im melissa chan and welcome to news asia researchers in australia have identified and mapped more than 380 suspected detention facilities and she that northwestern part of china where the government has in turn hundreds of thousands possibly more than a 1000000 muslim minorities including the weekers thats 100 more facilities than previously known and they used to satellite images to build their database one trend has stood out the communist party is building more high Security Prisons and decommissioning the lower security ones in other words in the last 3 years theyve doubled down on this crackdown despite growing international. Well pressure and whats happening directly contradicts beijings narrative china 1st tried to deny the existence of cannes and then it said most people in there have returned home and now with these latest revelations this is what the Chinese Foreign ministry said. When outputs and. Socal