Weve been in a momen speculative excess that was going on in fact in january and february, then the plunge and the ricochet. Lets look at a few slides to try to prove it, so to speak the precondition of excess you see these bullet points here basically s p 500 before this selloff this week at an alltime high the price to sales, a fundamental on measuring the valuation, at an alltime high the s p 500 is up 42 and the nasdaq up 57 . The precondition of excess the next slide, divergence as the market is making oe inine highs only 16 of the s p constituents were making ofe ii alltime highs the average stock in the s p is 28 below its alltime high. Thats not now thats on monday before we sold off. Finally, 46 of all stocks in the s p 500 have no gains for two years. This is the precondition of die j v divergence and the precondition of excess. We have a very rare circumstance where the nasdaq 100 drops 10 in a twoday period. Its only happened 17 times in history of the index going back to 1
What are you hearing about the format and the impression it is leaving this time around versus previous political conventions . From democrats im hearing, and you can hear it, is a sigh of relief. There is a great deal of concern among party strategists about how they will focus on the tactics of making sure the delays werent too long or there werent any awkward moments. In the first two days, most democrats i talked to had a great deal of concern this wouldnt be able to be pulled off but pass the test. There was a little bit of i wouldnt say heartburn but about the question on the numbers coming in. How many people are watching this convention at home on their television, or however they are doing it. They are way down from four years ago. Part of that is that people watch tv differently. They might stream it or watch it in different ways. They technically they feel have not mastered or passed the threats chilled the threshold test, there are concerns about viewership. The goal of the
Then, naacp president and ceo Derrick Johnson on black voters and the important issues in campaign 2020. Washington journal is next. I am pleased to announce that Vice President joe biden has officially been nominated by the Democratic Party as our candidate for president of the United States. Vice President Biden is hereby invited to deliver an acceptance speech. Thank you very, very much, from the bottom of my heart. It means the world to me and my family, and i will see you on thursday. That took place after a first ever virtual rollcall vote officiallyn is selected as the nominee for the Democratic Party. Just some of the activities on night two of the Democratic National convention. Watch our coverage of night three starting at 9 00 tonight on cspan, cspan. Org, and follow along on our cspan radio app. In the first hour bang, you can give us your impressions of the activities. In the first hour, you can give us your impressions of the activities. If you support joe biden, 202 7488
Were going to give them more. Target soaring today if youre looking to buy the stock now, have you already missed the mark . We will debate plus, we are following the after hours action in shares of both nvidia and l. Brands both stocks on the move after reporting results. Well break down the numbers a surprising stat on l brands that i promise you did not know. Later, bonawyn is taking to the mound to pitch his next best idea why he thinks this housing play may be a total home run. We are going to begin now with breaking news on airbnb and their plans to go public lets bring in deirdre bosa with more on the details. This is a filing that we have been waiting for for a very long time however, airbnb filing confidentially so well have to wait a little longer this isnt unexpected. A source told me airbnb could file as soon as august and shares could trade this year just because you file confidentially doesnt mean you have to ipo any time soon. What may be surprising is that airbnb is fav
Didnt have anywhere else to go and that was no one else really speaking up to them because we had a lack of real good working close leadership a working class we were in retreat at that time. And so. That was the beginning of this process to get say no to 2008 financial crisis massively expeller right to that situation because weve got some literally the day before that banking crash we were being told that the reason our comic services were being dismantled was there wasnt enough resources and people go into that people believe that people believe the problem was theres too many immigrants and the resources wont stretch and then the next day billions to bail out the banks now that was a shock that was a big shock to people and i as i was already a communist or socialist talking to one person you can restore that crashed and after that crash and i can tell you the difference in how people. See i had you know overnight was staggering its really in georgia written just in jersey obviousl