Previous peak on february 19th and all i heard is its because were having a v shaped recovery wrong, wrong, wrong. Not just wrong but laughable in a v shaped recovery the Dow Jones Industrial average would be hitting highs but this move is led by the nasdaq and s p including today the dow lost 67 points as the s p advanced 2. 3 , the nasdaq gained 7. 3 you dont need to be a Rocket Scientist to figure this out look at the stocks that have brought us to these levels they are not the recovery plays. In fact, they are the opposite they are stocks that tend to do well because of what we call secular considerations, not secular like nonreligious but secular as in they are doing well because of trends in their own industries, not the economy. Far from it. Allow me to explain. We had a magnificent v shaped recovery in the stock market, but the stock market is not a great reflection of the voter economy anymore. If anything, the actual economy is in precarious shape now that the government stim
And coming up the new cardinals appointed by pope francis and the military action in syria are two of the topics of dicussion on dateline london. Thats in half an hour here on bbc news. Hello. Good morning. The kenyan Long Distance runner, Eliud Kipchoge has made history in vienna this morning, becoming the first athlete to run a marathon in under two hours. Becoming the first athlete to run the 34 year old covered the 26. 2 miles course in one hour 59 minutes and a0 seconds. But that time will not be recognised as the official marathon world record because it was not in open competition. Another reason for it not being recgonised, is the team of rotating pacemakers that he used, who were guided by a laser in the road, which kept them within the two hour time limit. Heres the closing moments of the run. 300 metres to go, he can see the finish line here Neil Armstrong we had on the moon in 1969. Roger bannister, the four minute mile 65 years ago. Edward hillary, the first man to climb e
That the eu actually proposed two years ago which is a border on the irish sea. We do not know the details, the eu is interested and one thing whether it works or not and whether controls and checks take place and now the irony is that as pa rt place and now the irony is that as part of what theresa mays proposal was about. Well see whether there isa was about. Well see whether there is a deal, probably, hopefully in a few days during the summit and then the dup has been quite silent, usually they reject it straightaway. They did not do that so that is saturday the mother of all battles at the house of commons, next saturday. But of course the opposition, labour could say we will attach it with a vote for a second referendum. On that question of what happens at westminster, as it descends amongst those who are in favour of leaving the eu that actually what is changed is not only the personalities but also the timing and now because the deadline is no one seems to want to go through bey
Would have sold immediately and you wouldve been entirely wrong. Thats because metas billionaire rival reported two of the best quarters ive ever seen in ages. Bedding like mad on Artificial Intelligence and the cloud and search just like meta but theres enough business for all of them. Throw in some tepid inflation data that helps with the rate cut and the market just roared. The dow gained 155 points. S p jumped 1. 02 and the nasdaq searching 2. 03 . I like that. This was a good set up. May be one of the toughest weeks we have seen in ages. That is because it is loaded with earnings and we have a fed meeting and a report on friday. Im already exhausted next week. Lets take the week. Starting with sunday night. I dont usually do this but Bill Whitaker from 60 minutes interviews jensen long, the ceo of nvidia. Normally we dont care about that but i bet it could have impact on the stock. So many people are invested in nvidia. I say maybe be prepared for a monday bump from 60 minutes. Mo
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