Bounce back in the worth session in more than a month pete, i began with you he said the top of the market was on september 2nd, that the bubble has already popped. Were now in the midst of an enormous tech bubble ipo mania, extraordinary valuations and new metrics for valuation, the more fanciful an distant, it seeps the better the stocks performs. Is he right . Are we in the midst of an enormous text bubble, pete i think we are in the midst of certain sections of text that are definitely in a bubble right now, scott theres no doubt about that. We look at some of these names that have absolutely soared to the up side. We all know those names. Zoom would be the poster child you go across the board and say theyre in the right place at the right time but are they fairly priced or are they a little bit in that bubble area i think many of them are but right now, scott, its about growth and there has been growth and cash and last week we heard wre rick riether last friday and youre looking
A lot going on in the markets. A lot of focus on the protests, not only in the United States but also london. Lets get to your markets. Stocks bouncing 0. 7 . A lot of focus will be on this deal when it comes to gilead, big pharma this is what i am looking at, crude oil. 40 a barrel. Oil extending the rise. A european stocks dropping as investors lets get to the bloomberg first word news. Francine. New york city is missing its curfew. This as the city prepares for life after the coronavirus lockdown. Minneapolis city council pledges to begin the process of dismantling its police force. Members say they will consult the community. New zealand is ending social distancing after eliminating covid19. It paved the way for resuming normal life. It is one of few countries that have eliminated to keep the virus out. Global coronavirus cases have topped 7 million. The u. K. Is pressing ahead with its twoweek quarantine on International Arrivals despite airlines is saying the move will devastate
The market, this is called a rally. Investors want that mini china deal and now it looks like they may get it. Stocks are going straight up. Look at this. The dow up about 1 , 250 points. The s p up about 1 , 27 points. The nasdaq, up better than 1 , up 78. That is a rally. We are also covering this. Violence and intimidation outside the trump rally in minneapolis last night. Oh, it was ugly. The trump haters attacked the police and Trump Supporters. Senator tim scott said people across the country are quote, consistently being intimidated. Watching what happened last night, senator scott said it sickens my stomach. Yeah. Theres a lot going on today. We are going to cover it all. Varney company is about to begin. Stuart happening overnight, a rocket attack on an Iranian Oil Tanker. It was near the saudi port city of jeda. Lauren, what happened . Lauren you had an iranian tanker attacked maybe by two missiles, caused a fire, oil leaked into the red sea. This was 60 miles from that Saudi
This is the story of a fruit a simple fruit available all year round all around the world. This is the story of a fruit on which an empire was built one of the 1st multinational ads in the United Fruit Company. I get ready near him by morning i get the blue beard and i look when i eat a banana day. Ah this is the story of a fruit that changed the destiny of Central America and gave its name to republics it became notorious it became the symbol of all thats wrong with american capitalism. This is a tale of economics and politics a story about globalization. This is the story of a fruit. A simple for the but now. For her. It all began in 1871 when the government in costa rica asked a certain Minor Cooper Keith from new york to build a railway it was to link the caribbean coast to the high plateau names through the jungle. But nothing went as planned. The jungle was merciless. That one accident scorpions malaria 4000 men died and just 40 kilometers of Railway Track were completed. And aft
Og this is the story of a fruit that changed the destiny of Central America and gave its name to republics it became the toy of support came the symbol of all thats wrong with american capitalism. This is a tale of economics and politics a story about globalization. This is the story of a fruit a simple frint the banana. Her. It all began in 1871 when the government in costa rica asked a certain Minor Cooper Keith from new york to build a railway it was to link the caribbean coast to. The hype not change through the jungle. But nothing went as planned. The jungle was merciless. There were accidents scorpions malaria 4000 men died and just 40 kilometers of Railway Track were completed. And after a stock market crash those dried up. Costa rica could no longer pay its debts the railway remained on finished myna faced financial ruin. He didnt know then that fortune was right there at his feet in humid soil of the jungle in this simple fruit that fed his workers the banana. The. First the s