Blib rated and driving you bonkers. Ive been telling you to keep your money in a barbell. Tech plays soaring and some recovery stocks that rally when we feel more come nfident abouth future today the covid winners got hammered but the recovery stocks roared transports, travel, leisure, aerospace, retail dow surging 358 points and s p advancing what a streak. The tech heavy nasdaq losing. 39 . If you own none of these winners, you had a miserable day. If you follow my barbell advice you offset losses with good gains from the most beaten down parts of the market. Why is this so important why does it matter you protect your portfolio from a group that made you a ton of money . You need to understand something about portfolio management, a skill i spent 40 years learning i try to teach every day think of this show as a continuing Education Course for both of us for years some of the smartest people are preaching the same gospel its a fools game and impossible to consistently beat the marke
Is this a turning point for yields around the world. Well get fed minutes later on today. Road map begins with retail earnings, target and lowes soaring in the premarket on their results bucking the downward trend in retail. One week since the dows 800 point drop were close to recovering the losses well take a look at the wild ride over the last week. And what you can expect next. As the september 1st tariffs aapproach, well take a look at the companies that may be in your portfolio with the most exposure first up, target set to open at all time high, lowes surging on the better than expected quarterly earnings, revenues and comps. Digital sales drove more than half of the growth in q2 comps lowes reporting positive comps in all of their geographic regions in the United States and outpacing depot for the second consecutive quarter. We got to focus on execution. And risk taking. Both Marvin Ellison at lowes and Brian Cornell at target took big risks. Some people say they blew up the way
Operator. Enjoy the rest of your day. [captions Copyright National cable satellite corp. 2015] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] coming up later today a discussion on the outlook for consumers and patients in the health care market. Well hear about the plans that are available. The event is hosted by the alliance for health reform. It begins noon eastern on cspan3. The annual summer meeting of the National Governors association with the opening session with remarks from john hickenlooper, and gary herbert, device chair. That starts at 12 45 eastern. On cspan3 a briefing with the latest update on the new Horizons Mission to pluto. We will hear a discussion on the latest results from the spacecrafts flight past pluto. That breathing starts live at 2;00 eastern. And now remarks from loretta lynch. She spoke at the National Black Prosecutors Association earlier this week and was honored
The sfenate flaplan ylan reporter we dont have to rely on sources because the Senate Version of the tax bill is now officially out. Here is some of the key details. As weve been reporting, it would delay the introduction of the corporate rate cut by one year to 2019 however, it would get down to 20 and stay there permanently it would also limit the ability of companies to deduct their interest, but give them full and immediate expensing for five years. The individual side of the senate plan is quite different from the house version of the bill the Senate Version has seven individual tax rates the top tax rate is 38. 5 . The senate bill will also include a full repeal of the state and local Tax Deduction. Now, that gives them a lot of money to play with to do some other things in the bill such as keeping that 1 million limit on the mortgage Interest Deduction. The house version of the bill had lowerered that for newly purchased homes. The Senate Version of the bill it keeps it at its cu
And conditions. Diane than normal and all social factors earlier this morning so lets look right now they bridge toll plaza clear skies all across the bay area and then store for is a press advisory freeze advisory in effect all and yet again tonight night and morning. The pitchers right now dealing with this clear low 50s mid50s finland by location of its east bay shoreline cities offer for each year in their. In the low 50s here to live plan for you what to expect the rest of and i. Into tomorrow morning found him was the clear skies will continue to the, 10 00 p. M. The actual condition. The ventures between 40 degrees for the us 45 today 38 from and the location of 5 00 a. M. To our morning so artfully advice might. Overnight lows 5 00 a. M. Fellow thirties here in the locations even see of her 20s 27 clinton. Plan nine center rosa in the north bay 28 on the south bay settle san jose as well with that set. We of frost and freeze advisory in effect tonight allow them p. M. To 9 00 a