That pause in rotation from greater value showing up with green on the screen for the nasdaq 100. A little bit of love for attack. We might be able to look at a chart. Ins is from our mliv team bloomberg. They are say not much more love coming for attack. The last time we saw this big rotation from the nasdaq to the russell 2000 or from growth to value was right before the dot com the bubble burst about 20 years ago. I have also mention the recordsetting month of gains for the russell 2000. Lets switch up the board. Growth for the russell 2000 index. Look at some of the gains and betterknown names within the russell 2000. Fuelcell come energy, transocean expressed. Triple digit growth for those companies. What those companies do is they reflect the sectors that have been driving some of the gains. Fuelcell reflecting green energy, u. S. Oil, and retail. , thank youa chandra as always for enjoying us. For joining us. Companies taking advantage of new innovation, especially digital outse
And on a mission to search for signs of life in space because mars rover blasts off in florida heading for the bridge. So theres more proof of the devastating impact of the pandemic on the United States on wednesday one person died nearly every minute from cave 19 and its seeing its worst financial slump since the 940 s. Its economy has shrunk at the fastest pace on record it is down 9 and a half percent between april and june in the past week another 1400000 people applied for jobless benefits at the same time europes biggest economy thats germany has plunged into recession shrinking by record 10 percent the pandemics wiped out nearly a decade of growth and now u. S. President on trump news talked of the strength of his countrys economy is asking whether novembers election should be postponed ok lets get more on that in a moment from our White House Correspondent can we hug it but 1st to gabriel as i know whos standing by for us in new york at 1st up those figures there very broad num
Suspected russian mercenaries are detained in baton rouge accused of trying to disrupt an upcoming vote. And we have major sports news stories today including criminal proceedings in switzerland against the fee for president a deadline for russia to avoid exclusion from takes and Saudi Arabian investors out of their bid to buy Newcastle United after months of premier league scrutiny. That it swept across the United States killing tens of thousands of people and now the devastating effects of coronavirus on the economy is becoming clear the United States is just recorded at shoppers downturn since the 940 s. And admitted all president dollar trump is floating the idea of pushing back novembers election is often talks of the economys strength but between april and june. Its shrunk at the fastest pace on record that is down 9 and a half percent in the past week another 1400000 people applying for jobless benefits his response to the pandemic is expected to be a key election issue the us h
That is what we saw with adp, not as bad as we initially thought. The banks talk about of canadas decision coming out as well. You could see that in the top righthand corner of your screen. Unsurprisingly, the bank of canada keeping rates on hold and the economy is starting to reopen. The bank of canada looking for more information, its a status quo decision with Interest Rates left at 25 basis points, at the bottom end of the range. They are unlikely to go any lower when we have a new governor coming in, macklin is coming in and is likely to resist negative rates. Scaling back some of the Market Operations at the bank of canada with covid19 impacts, it appears to have peaked. Interesting, could you imagine . The dollar cap is down two point 1 2. 1 . A twomonth high as what we are dealing with and also oil prices are vacillating everywhere, but the spread continues to widen and we are now at the widest is this manufactured by the fed or is it a comment on longerterm growth . We are goi
Attention to that, with the ecb coming up thats a huge deal. Delivers more stimulus, and the bcp will be really under pressure, down by 4 10 of 1 , but its all about the dollar and its driving Global Equities higher. And the tension between the weaker dollar driving risk themete, and the overall has been the protest here in the u. S. Under covid. Lets break down that disconnect. Torsten, what is your best explanation for the markets versus the headlines . We have discussed why markets are doing well, and we continue to believe that the answer is on the significant firepower coming from the fed. If you change the credit market as dramatically as they have , i spreads are very close to where they were before. All of that is, in plain english, making this look a lot better today than it did a month or two ago. And you have the equity of companies with the support to the credit markets, this is probably an important reason why the equity markets continue to do well. Think the fed is making