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
Rotavirus coronavirus. A judge has denied a request for ghislaine maxwell. She had complained of onerous awaits trial she on charges of sex trafficking underage girls to her former boyfriend, jeffrey upstream. The judge also rejected her request to learn the identities of three accusers referenced in her indictment calling the motion premature. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in i am markountries. Crumpton, this is bloomberg. Is 1 00 p. M. In new york and 1 00 a. M. In hong kong. Welcome to bloomberg markets. Here are some of the top stories that we are following. We will be speaking with thomas with andd he is with the election around the corner we discussed downside volatility and how the results can change wall street and we talked the politics of finance with brian richards, chair of paul hastings. He says the election is a big driver of activity in his industry. Arricane laura post to become cate
To tony zhang has the one name you could play to cash in. Plus, mike khouw has a way to take some protection on the cheap. And do the dog days of summer have your feeling tired, rundown and listless youre not alone the chartmaster is drilling down on the one sector running low on energy how you can play it for a jolt its time to risk less and make more options action starts right now. It is friday. 2 30 out on the west coast lets get to it. It was a record week on wall street and a remarkable week for the Federal Reserve as well. The nasdaq and the s p hitting fresh alltime highs with the dow turning positive for the year all this after the fed made a major policy shift essentially saying theyre going to allow inflation to kind offe run hotte than normal to help the market tony zhang says theres only one stock that could be a big winner from this. Who is it . I want to take a look at Morgan Stanley because of this tick pickup in rates on the long end of the curve its one of the stronge
This is the profit, my biggest wins and most heartbreaking losses. My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not going to wake up every morning wondering if we have a job. Were going to wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings going to change. Everything. But i do it to save jobs, and i do it to make money. This. Let go to work. Is the profit. Its hard to believe that ive been doing the profit for several years now. And ive done a lot of deals with a ton of businesses. We have a deal . We got a deal. Partner . I think most people are under the impression that if the deal ends well, then its, like, millions for everybody and its going to be great. Wow. Congratulations, guys. Thanks again. Get your ass to work. It just wasnt true. Im not sure who to be pissed at myself for doing the deal, or you guys for letting this stuff just sit here. In order to understand how i look at wins and losses
Well, youre not alone the chart master is drilling down on the one sector running low on energy. How you can play it for a jolt its time to risk less and make more options action starts right now. Hopefully the dog days havent gotten you down too much it is friday, why not, 2 30 on the west coast lets get right now to it. It was a record week on wall street that should give you energy. Right . And a remarkable week for the Federal Reserve as well. The nasdaq and s p 500 hitting fresh all time highs and the dow turning positive for the year. Look at that all this after the fed made a major policy shift saying theyre going to allow inflation to run hotter than normal to help the american economy. Jobs over inflation headline that was big in the bond market. The tenyear yield hitting its highest level since june, and the yield curve sharply. Tony zang says theres only one stock that can be a big winner, at least one stock that could, tony, who is it . Take it away. I wanted to take a look