Its one of the largest dams in the world and its being so barely tested by the worst floods china has seen in decades the 3 gorges dam was once a school for great and National Pride but what impact of such mega projects have on people and the environment and how is beijing now reconsidering manages rivers this is inside story. Thank you. Thank you. And welcome to the program im laura caro its been described as a once in a generation event floods have swamped large parts of southern and Central China after the worst torrential rains in decades many people of dead or missing whole villages are inundated a 1000000 of people displaced the Economic Losses in dollars all believed to be in the billions nearly 2 months of intense rains have swelled 433. 00 rivers with water in some reaching record levels trying to authorities or raise flood alerts and deployed soldiers to evacuate people and shore up levees seasonal rains a common in china but this year is flooding has been exceptional and ear
We start first with technology on a tear as we kick off the second half of the year. The nasdaq composite hitting a new record high in todays trading led by gains in the fang names. Facebook, amazon, netflix, al a alphab alphabet, all higher can we expect more highs ahead well turn to you first, guy does this resonate with you right now, this notion that its the mega cap tech stocks that continue to be the leadership in the kind of market we have today . You know what resonates with me i hear your voice, tom, but im looking at engelbert humperdink. After hours, guy, this is what it looks like. Im liking it you have to be impressed with the market as well does it resonate with me absolutely im not going to pretend ive been bullish theres a metallica song from 1982 nothing else matters. Nothing else matters but the fed and the fact we have this passive investing that continues to work apple is in close to 280 atf facebook is in about 220 etf and 170 of those facebook is one of the top 15
Record highs that has the nasdaq setting a record as well better than expected home sales in the u. S strong activity numbers out of europe as well uk, australia to name but a few. Were up, sarah, nearly 1 on the s p 500. Ahead on todays show, a big first on cnbc interview with howard marks fresh off his latest memo. He said the odds are not in investors favor and whether he sees any opportunities right now in the market plushgs connecticut has certainly seen an encouraging dropoff in coronavirus numbers of late. Well ask governor lamont about his advice for states like florida, arizona and texas that are seeing their cases swell and how hes trying to keep those cases out of his state lets focus in on the big stories were watching mike santoli tracking todays rally. Meg terrell has the highlights from Anthony Faucis congressional testimony and phil lebeau is covering another volatile session with the Airlines Start us off with the Broader Market on the three month anniversary of the ma
Dow indicated up by about 200 points, s p up by about 20 and nasdaq up by about 59. The dow closed above 26,000. S p was actually up about two points ant the nasdaq up about 32 treasury yields about where weve been 10year around 0. 7 . This morning, it is at 0. 715 overnight, twitter adding a warning to a post by President Trump. The tweet is a video of two toddlers running down the side walk that had been altered that said racist baby probably a trump voter. Twitter tagging that as manipulated media with a link that the original was cnbc story about a friendship between two toddlers the continued battle between social media and some of the social Media Companies and President Trump. Facebook removing Trump Campaign ads that used a banned hate group symbol to identify context. It issued a red triangle symbol used by nazis. The campaign used that symbol as it denounced antifa, a group of protesters the president has blamed for vandalism during the protests a lot of back and forth in ter
Three handle on the s p. There is no such thing as a triple top yep thats in play the fact that basically no such thing generally as a market that kind of repeatedly tests that upside ceiling and doesnt punch through. I think you look below the surface and say what would cause this move to stop aside from the fact that we are all looking at what are acknowledged to be some resistance levels, the 200day moving average, some exhaustion, Technical Levels out there the leadership stocks dont give much back. A lot of comeback in the most cyclicly attuned stocks at the center of this economic crisis it seems like sentiment is while you can see some speculative froth perhaps in the call numbers and some of the day trading data in general, it doesnt seem like people are overcommitted to equities. That leads you to the question what would stop the move not keep it going. There would be no injustice if this market fell 5 , 10 , but it is not showing you the signs, aside from some wear and tear o