Now. New data points to a sluggish economic recovery as payroll, points in the beige book shows a modest increase in activity. 59 minutes until the close were set to have another record highs for s p and nasdaq up 1. 2 on s p 500, sara its utilities leading the way higher for a change. Coming up on todays show, Galaxy Digital back to weigh in on the rally as it carries over into september were going to ask where hes putting money to work right now. Weve got an interesting mix of earnings coming your way after the bell, including work from home like cloud strike, those are hot, hot Cloud Companies Apparel Company pvh and well talk to manny tirico, calvin klein and Tommy Hilfiger mike santoli tracking Market Action as always Steve Liesman with new highlights from the feds beige book joining us to talk tesla and pullback were seeing is craig irwin from roth capital. Mike, start us off with the market every group is higher except for energy you do have utilities and real estate and health
For the difficult days ahead is how much and is severe and as heavy as these blah ease on the stride to die mr speaker we know that as a government that we have acted to seek to cushion the blow as much as we possibly can and that is being done at a great cost and a price to speak it would be a strategy that will recover. And destroy it will grow again and the jobs will come back and i will support the lives and livelihoods of all the strident as i have in the past for more on this lets bring in Jeffrey Tucker editorial director at the American Institute for Economic Research and host of economic update professor Richard Wolfe thank you both for being here today professor wolf i want to start with you what do you make of the this end to Economic Growth in australia and is this whole situation due to the pandemic or was it already on the horizon and what more can the country do after injecting more than 200000000000. 00 in stimulus measures earlier this year. Well there are several thin
I. This is boom bust the one business show you cant afford to miss im friendship or in washington coming up. This is i did a study die for stranded australia is feeling the strain of the copa 910 democrats the island nation enters its 1st recession in 30 years well break down the state of oceanas largest economy plus amid the new normal of Home Delivery in the times of covert amazon has won approval to blaze a new trail in the sector later on we look into the new age of ariel delivery and what this could mean for the future of Home Shopping the packed show today so lets dive right in. And we lead the program with worrisome Economic News out of australia as the nation suffered its worst quarterly drop in g. D. P. On record entering its 1st recession in nearly 30 years and a record run of 28. 00 consecutive years of Economic Growth has now officially come to an end the cool is a once in a century pandemic. The effect a covert non tain in joost recession. Real g. D. P. Fill in the june qu
Or best only part of the story now jeffrey obviously youve been very critical of lockdown measures while on the show in the past are we going to continue to see these demick dire Economic News out of nations throughout the world due to the handling of the pandemic. Yes and the only thing not prosperous that the professor just said is that is not a cause of code but Everything Else he said was ridiculous im sorry this is caused by the lockdown this is a manmade disaster and as much as i enjoyed the prayer for the Prime Minister if he would get his boots off the neck of the people of australia and that also goes for dan andrews the appalling outrageous policies that hes perpetuated to melbourne in which police are arresting people for even disagreeing with him this is what needs to end you want to soften the blow the read of the as this catastrophic Economic Times in australia and the lockdowns there was no recession in the cards this is a completely caused by outrageous discussed in Gov
This is boom bust the one business show you care to afford to miss im french born washington coming up. This is i did a study die for stranded australia is feeling the strain of the democrats the island nation enters its 1st recession in 30 years well break down the state of oceanas largest economy plus a major new normal of Home Delivery in the times of co but amazon has won approval to blaze a new trail in the sector later on we look into the new age of aerial delivery and what this could mean for the future of Home Shopping the packed show today so lets dive right in. And we lead the program with worrisome Economic News out of australia as the nation suffered its worst quarterly drop in g. D. P. On record entering its 1st recession in nearly 30 years. Our record run of 28 consecutive years of Economic Growth has now officially come to an end the cause a once in a century pandemic. The effect of a covert 19 induced recession. Real g. D. P. Fill in the june quarter by 7 percent. The l