Globis maritime soared, and global has climbed 450 . And this performance is even more peculiar, because the sector has been facing a nun of challenges as it deals with global overcapacity and sluggish trade. You may recall, the bankruptcy filing earlier this year of south koreas han engine shipping. So whats going on . Dominic chu takes a look at some theories and why investors need to proceed with caution. Reporter the stock market has been riding high since the election, and there have been a lot of bets placed on companies in industries that might benefit or be hurt by a trump administration. But the recent surge in small and microcaps shipping stocks have defied a lot of market logic. The question is, what is fueling this parabolic move and traders are offering a multitude of theories on why bulk cargo shippers could be seeing brighter days ahead. Could a Trump Presidency lead to a surge on spending on things like roads, bridges and other Infrastructure Projects if that were to ha
Globis maritime soared, and global has climbed 450 . And this performance is even more peculiar, because the sector has been facing a nun of challenges as it deals with global overcapacity and sluggish trade. You may recall, the bankruptcy filing earlier this year of south koreas han engine shipping. So whats going on . Dominic chu takes a look at some theories and why investors need to proceed with caution. Reporter the stock market has been riding high since the election, and there have been a lot of bets placed on companies in industries that might benefit or be hurt by a trump administration. But the recent surge in small and microcaps shipping stocks have defied a lot of market logic. The question is, what is fueling this parabolic move and traders are offering a multitude of theories on why bulk cargo shippers could be seeing brighter days ahead. Could a Trump Presidency lead to a surge on spending on things like roads, bridges and other Infrastructure Projects if that were to ha
Sectors have been red hot with home prices rising and auto sales near record levels but now there are new concerns about how long it may all last. And today worries about a Global Supply glut of oil crept back into the Energy Market sending domestic crude tumbling. First, housing. The good news, well, new home sales rebounded in february. The Commerce Department reported a 2 rise last month and januarys sales face was revised higher. Now for the bad. Most of that gain was concentrated in just one region. Sales in the west surged more than 38 but plunged 24 in the northeast. Nearly 18 in the midwest. And 4 in the south. And this skewed data may signal an unevenness in the Real Estate Market heading into the key spring selling season. Diana joins us with more on that. This is a big month for home sales. What does the data say about the state of the Housing Market . Reporter well, it says its coming back very slowly, sue, but in fits and starts as you said. You point to the west, we have
Home prices rising and auto sales near record levels but now there are new concerns about how long it may all last. And today worries about a Global Supply glut of oil crept back into the Energy Market sending domestic crude tumbling. First, housing. The good news, well, new home sales rebounded in february. The Commerce Department reported a 2 rise last month and januarys sales face was revised higher. Now for the bad. Most of that gain was concentrated in just one region. Sales in the west surged more than 38 but plunged 24 in the northeast. Nearly 18 in the midwest. And 4 in the south. And this skewed data may signal an unevenness in the Real Estate Market heading into the key spring selling season. Diana joins us with more on that. This is a big month for home sales. What does the data say about the state of the Housing Market . Reporter well, it says its coming back very slowly, sue, but in fits and starts as you said. You point to the west, we have to remember this is february so
And what to watch. Three sectors that may have the most to gain from a republicancontrolled senate. All that and more tonight on nightly Business Report. Its wednesday, november 5th. And good evening, everybody. Im Bill Griffeth in tonight for tyler mathisen. Im susie gharib. Evening. Stocks soared to new highs and as investors were emboldened by the republican sweep. Republicans made promises to start working right away on important economic issues, including trade, Corporate Tax reform, u. S. Energy exports overhauling the Affordable Care act and much more. On wall street, the s p closed at a new record and dow anniversaries and dow utilities arn transport hit new highs. The blue chip dow stocks surged 100 points closing at 17,484, thenack slipped about three points and the sab up 11 points. Hampton pearson has more on the post Election Agenda for congress, the president and what, if anything, will get done. We did it. The day after the 2014 midterm elections gave republicans clear m