Potential progress on trade between the u. S. And china liftednvestor sentiment. Lets get to the closing numbers. Averagejones industrial was 30 points, to 27492. E nasdaq up 1 and the s p fell 3. As weve been reporting a handful of stocks are responsible for much of the market gains. But as bob pisani reports that could be about to change. The on the record highs weve been riding a broader breakout that may be near. Onlyth 10 o s p at new highs right now. Six of the seven biggest stocks s p outperforming, apple, amaze be with google parent alphabet but that could be changesing. A handle handful of names are just below new highs close enou to get mor move up in the markets we could have significant expansion of new highs. Big names on the list, pharmaceutical Companies Like glaks o and merck. Discounters lie walmart. Homempvement by home depot and home kprochlt names names. The rally Energy Stocks in the last few days process. Why energy . Partly because the rally has been broadening.
Road map begins with the curse of the unicorn uber under pressure again. We have that softbank disaster after the funds wework debacle. Masa son saying his investment judgment was poor. Hp rallying ahead of the bell, the target of a potential takeover effort by xerox well start with uber. Shares facing more pressure after hitting an all time low yesterday. Company reports another billion dollars in losses as you know and the post ipo lockup period is expiring, freeing up a billion shares for trade the take among some is the shares are so underwater, maybe the expire doesnt mean as much. I dont buy that reasoning. I think that what matters on the conference call, they committed to losing money. Now they committed to making money in 2021. The patience level is lost here. I think this is one of those stocks where you say why do i need this, i can buy i can name ten other stocks and the kinds of stocks that are going up are value stocks, this is the ultimate of what youre not supposed to b
World who seek asylum in germany he defied iranian authorities by competing in the one championships their party you might have had to find against an israeli opponent who has been interviewed. Hong kong is preparing for another weekend of demonstrations prodemocracy activists are coming up with new and innovative ways of protesting peacefully like this the. Over the past few do is activists and citizens have converged on shopping malls to sing a new protest anthem chord glory to hong kong some of the earlier protests for a moment by violent clashes that have 1000 people arrested by police was so what are hong kong antigovernment protesters demanding lets take a look now last week they achieved their primary goal of getting a controversial extradition bill to draw on so their 1st demand is already been it met as you see with that cross next they want an investigation into Police Brutality they also demand that authorities stop calling these protests riots and they demand full amnesty f
Where the Senate Majority leader of the Top Republican and the center has decided to be stepping done previously to ship room and sent to war under false pretences. The south asian men who ended up on the front lines in russias or on you print the. We begin with the deteriorating situation in northern gaza, or several children have died at the come out one hospital from malnutrition and dehydration. These really military has tightened restrictions on the delivery of humanitarian supplies, and dozens of children admitted to hospital in the north are going without proper medication. Im just here as honest as should have sent this report from the hospital. The definitely we are inside, then you need to intensive care unit to come a large one hospital. Well, we have a number off, youve owned babies who are suffering from city and money, attrition and funding. Its very difficult to obtain the required medication and treatment as this really occupation continues to prevent relief and human s
That group is down 4. 8 , because of google and alphabet, a sharp negative reaction to earnings there. A big week obviously, on the nasdaq as well, which is down 1. 4 , alphabet will be the bottom performer, but youve also got weakness today in amazon, in apple, offsetting some of the strength in microsoft earnings and tesla. When it comes to finding opportunities in the market right now, our next guest says steer clear of utilities and largecap value, bullish instead on midcaps with a eye on rolling recessions hitting a variety of Different Industries next year joining us, city Global Wealth chief investment strategist, Steven Whiting its an interesting idea to not just worry about overall recessions, but rolling recessions in industries, because what you hear and what ive tried to capture in Certain Companies and industries is very different, whether youre in housing or in travel absolutely. And look, two years belowtrend growth feels awful but its going to accomplish what a shallow