One of the hottest stocks in the market, General Motors dives in and the ceo will join us in just a moment power lunch starts right now welcome to power lunch. Im dominic chu. One bright spot is the Housing Market you have restoration hardware, williams sonoma, theyre jumping and then you have trex, which makes decking and railingtype products for homes and two Retail Stocks hitting new highs, will brands a the a 52week high, target at an alltime high yet again today after its big blowout Earnings Report yesterday. And, kelly, you mentioned the electric vehicle trades tesla a the at a new high is up 20 in just this past week kelly. All right, dom. The dow sliding today and heading now for a down week. Lets go to bob pisani for the action the markets are still having a hard time to figure out on what to focus. Do you focus on the spring reopening in 2021 and Second Quarter or on the covid winter right now . Today a little more focus on the covid winter the good news is tech which has be
E o. 1 of bloom borer this is really amazing. So whats happening is that the value that goal possesses as a store of value is being diminished by bitcoin because bitcoin is a superior store of value in many, many, many ways as weve mentioned over the years. And so therefore, gold would be training more for its value as jewelry ornamentation or maybe some electronic is which would imply there are just a gold price of maybe 2 to 3 100. 00 an ounce, not 18 or 1900. 00 an ounce. And gold is the new aluminum. Wow. Thats like Robert Prechter style prediction, price prediction there that hes been predicting for the last, like 30 years. Well, i mean, if you look at so versus over has no longer been useful as a monetary metal. And the price has been lackluster to say the least. Gold is becoming very least the new silver, while bitcoin becomes the new gold, its really difficult to discern what is just for the store of value price movement. And what is all the money printing going on . Because th
87, the s p 500 is up 10. 5 this month the russell 2000, the biggest ever month live oly outperforma small caps that sort of sets the scene for us your note today to our producers to me says everything, bryn. You say, yeah, were overbought, the market is technically ahead of itself, 200Day Moving Average but wed be buyers anyway yeah, you summed it up perfectly. I think to give some perspective around that, when youre looking at technicians or technical calls, the 200 Day Moving Average, over 90 of stocks in the s p are over their 200 Day Moving Average when that number gets above 80 , thats typically a time to take a stand back as a trader as an investor, though, as we are, you want to take a look at that and say, hey, if we get a selloff, which im sure well get because thats just the price of admission for being an equity investor, we absolutely want to be in stocks because what are your alternatives cash or bonds . And both of those offer you no yield and so we also think that next
Detention. Good morning to you. Thanks for joining us here on r. T. International. The iranian president has accused israel of killing the countrys top scientist. The assassination of the man dubbed the mastermind of Irans Nuclear program will not slow down the countrys achievements. Tehran also branded the attack an act of state terrorism. A local reporter gave his details. Senior iranian scientist was killed on a highway near tehran. Theres not much detail about number of people involved in the attack, or number of People Killed in the incident, and skirmish tag took place some 75 kilometers outside to iran, north east of tehran, near the resort city of stat. You know, apparently he did. Traffic was quite less day usual in comparison to the other days. And the terrorists apparently caught into the vehicle of the scientists newsmedia say dad, there was an explosion. And then there was a gunfire. Berridge of gunfire. Bits been the Security Officials and sasan tactic, which is killing o
The owner of a small restaurant in canada is ordered to stay away from his premise is after being arrested for keeping it out during lockdown. Because supporters scuffles with police during the detention good afternoon, just 3 oclock in moscow. You with r. T. International. The iranian president has accused israel of killing his countrys top scientists sand. But harney added that the assassination of the man, the mastermind of Irans Nuclear program wont slow down the countrys achievements is a reminder of what happened. Well the Iranian Foreign minister is making it clear once again that iran purely treat this as an act of state terror. Jawad zarif is pointing the finger at israel and also he is demanding international attention. Terrorists murdered an imminent iranian scientists today. This cowardice with serious indications of this really roll show desperate warmongering of perpetrators. Iran calls on the International Community and especially you to end their shameful double standar