The fda approving a 5 15minute rapid test the ceo will join us thats a biggie as power lunch starts right now thanks as august comes to a close, its been a stunning summer rally the dow up 13 the s p up 15 and the nasdaq up 25 . Bob has more for us. Bob. August is usually a nothing month. Not this much. Usually august is typically flat to down. Were up 6. 8 so far best august since 1980s. April, may, june and july have been pretty good monthly gains five months in a row. Why is it happening . Everybody wants to think its apple because apple is up 18 . The s p would be up 4 rather than 6 . Its a lot more going on than apple. The pricing are pricing at some economic rebound could see the returns. The dow transports are up. Thats a cyclical group. The russell 2000 is up high yield is the best performing bond asset. This wouldnt be happening if they were projeking iproprotecn economic downturn. The better argument is theres a bull argument thats winning the argument so far. This is the arg
Upper 106 level before u. S. Retail sales and trade talks are planned for the weekend. We are seeing dollar weakness in recent days. Gold futures at 1946. It is above 1900, a wild ride for the metal after surging 30 this year. We saw the plunge below 1900 tuesday. Gold is still an of the bestperforming commodities of 2020. 66. 22. 10 year yield at lets flip the page and look at where we are in terms of the chinese shares ahead of a slew of data for july on friday, including Industrial Production and retail sales. The csi 300 is in negative territory, down. 4 . The yuan is at 6. 93. The hang seng is getting some gains. Center, infront and negative territory right now even as it the highest estimate. Tencent also played down the Trump Administration as we check been. Ban wechat the kospi is up on a 52week high. Look at southeast asia, this is asias worst performer this year, correctly up. 5 . It may rise to between 6500 to 7000 this year, driven by pretty much the government stimulus pac
Is already the most consumed meat in the world and fueled by the Global Demand for inexpensive meat the industry continues to grow in the United States the waste produced by industrial pick farms is a major problem so we can you know we as we open the doors you increase. China is the worlds biggest pork producer thats chinese consumers become more affluent and demand continues to grow theres just not any end to french ears anymore on the planet if the chinese try to like americans what will happen to the amazon rain forest. To feed the pigs as cheaply as possible so is being grown on a massive scale especially in brazil. We make the food that goes on the global populations table. So i conservation is helping to drive the deforestation of the amazon grown as a monoculture saw is impacting the whole world. Chinas population has now topped 1400000000 rising affluence has led to changes in peoples diets in the past. Rice vegetables and noodles dominated while meat was rat but today coke ha
Is already the most consumed meat in the world and fueled by the Global Demand for inexpensive meat the industry continues to grow in the United States the waste produced by industrial pick farms is a major problem q the way as we dont open the doors in all the crew is pretty sure i will. China is the worlds biggest pool producer as chinese consumers become more affluent and demand continues to grow theres just not any end to french heres a mark on the planet if the chinese try to like americans what will happen so the amazon rain forest. To feed the pigs as cheaply as possible soil is being grown on a massive scale especially in brazil. We make the food that goes on the global populations table. So i cultivation is helping to drive the deforestation of the amazon and grown as a monoculture saw is impacting the whole world. Chinas population has now topped 1400000000 rising affluence has led to changes in peoples diets in the past rice vegetables and noodles dominated while meat was ra
Lunch. Take a look at where we stand with the markets stocks are higher across the board as investors brace for the busiest week of earning season thus far the s p pacing for its best month since 1991, if you can believe that thats as Oil Continues to crash. Crude down about 20 today supply over flows and demand craters in our calmed economic world. As america looks to reopen the economy grads yually, purdue sas class will be in session this fall the University President Mitch Daniels said there is zero lethal risk or close to it for students he will join us shortly. Kelly, over do you thank you more than 140 S P Companies and 14 dow components are all reporting earnings this week lets get to bob with the latest it will be about quarter of the s p 500 reporting. We already got a kwooquarter reporting. Its confusing nobody has any idea what will happen in the Second Quarter in the Third Quarter a lot of people are dismissing the estimates. This story is the dispersion in the estimates a