Climbing and nasdaq pole vaulting 2. 26 september has still been ugly. Ive been warning you that this is historically the worst month of the year. Ever since august ended, complete with a nasty tenday close and thats precisely what we got but now that september is almost over, lets focus on the future meaning next weeks game plan. It starts on monday when we get results from the mighty four industries which dominate the rv and motor home industry. When the pandemic first hit, ford sold off hard as investors figured wed have a normal recession and rv sales get slaughtered. Sure enough, we have a slowdown and mass unemployment and an incredible boom in the rv business because these things represent one of the only safe way to go on vacation. Since then, thor stock soared but tends to pull back every time people get excited about a potential vaccine. Lie i can th i bet rvs stay longer than you might expect tuesday we hear from companies that can potentially deliver upside surprises that m
Michael mckee is here to help us break it down. Michael good news for those who hope the economy is recovering quickly. Atufacturing pmi comes in 54. 2, and the ism forecast of 53. 6. Take a look at the manufacturing new orders index, up to 61. 5 from 56. 4. At 62. 1,ction number from 57. 3. So a big increase in new orders and production that hopefully will keep the economy going. We heard Robert Kaplan this morning saying he thought things had turned around and slowed down. Manufacturers at least through part of july sam some good news part of july seeing some good news. The one thing we dont have is payroll friday, the ism employment number still comes in pretty weak. From 42. 1. If you incorporate that into your models, it might weaken a little bit what people are expecting for friday. Alix i am glad you said that because in europe, part of the conversation after the positive pmi was the employment and jobs picture doesnt look so good, but we are not quite there yet. I am wondering
Not surprisingly tech stocks are holding up the best today. Bob is looking where we stand on earnings about halfway through the season and our tech team will get us ready for what to expect tonight josh lipton on apple julia on facebook. Bob, lets start with you. Kelly, earnings are a little bitter than expected the market is holding up pretty well because of that the big winner here remains technology stocks. Why shouldnt it just look at the Second Quarter earnings estimate. You heard of what a disaster the sec quarter is 38 for the Second Quarter this is almost the same for the Second Quarter technology will have a small decline. Thats why tech keeps winning. Look at lam research they make semiconductor equipment. The ceo said covid19 has underscore the rapid growing on reliance look at the chart up 28 good Earnings Report but straight up since the bottom in march. Telemedicine is killing it look at these numbers here 2. 8 million visits in the Second Quarter. 200 growth. They raised
The pandemic is raging works like a charm can this market really be that binary can it really be that stupid to borrow a line from that masterpiece of english literature, this is spinal tap, its a fine line between clever and stupid [ drumroll ] the dow only gained 300 points, the short answer is, yes, it really is that simple. When texas was forced to pause its reopening plan because of record covid infections, a m suddenly the stay at home stocks came back in style i guess the virus didnt get the memo about not messing with texas. Many of todays winners were the usual suspects that benefitted from the pandemic. Plus the oils and the banks, though that was a femoral, given everything was stay away from the banks. Any way, before we get into the specifics. How the heck can this market rally on truey terrible news we have a horrific outbreak in the sun belt, we hit a new record for covid cases yesterday. The virus is back in exponential growth mode. The human cost could be enorm s enorm
from outside europe. and the british public will be invited to swear allegiance to king charles, and his heirs, during his coronation on saturday. now on bbc news, hardtalk. welcome to hardtalk, i m stephen sackur. there i ve just used seven words and communicated quite a lot. words can bind us together or push us apart. in a sense, we are all wordsmiths, but many of us shy away from the art form that best harnesses the power of words poetry. but not my guest today. john cooper clarke was once dubbed the punk poet . all his life, he has used words, rhythm and rhyme to find humour and truth in the chaos of everyday life. thanks to the internet, one of his poems has become a worldwide viral sensation. so, where does his word magic come from? john cooper clarke, welcome to hardtalk. hello, stephen. it s great to have you here, john. ijust read your memoir and one of the first sentences in it is this one all my life, all i ever wanted to be was a professional poet. now,