To see everybody the dow did get to 29942, that is an alltime intra day high. Fell back a bit off that, a better than 400point game for the dow, s p better than 1 , nasdaq a little shy of that and then the small caps all the way to the righthand side of your screen banks, travel and leisure stocks leading the way. Some of the stayathome stocks. Theres the possibility in the middle of december the Federal Reserve steps in and provides further stimulus to replace whats missing from fiscal policy makers i want investors to give consideration to who potentially would be the treasury secretary. And, lastly, what will incoming president elect bidens policy be towards the chinese i think the reintroduction of a favorable relationship is a positive one so there are many catalysts coming as it rates to the reopening of stocks, you could look at financials and energies, but the one sector that stands out to me as the opportunity is industrials it screams high in terms of return on equity, its go
Discover who. Subscribe to documentary. The struggle continues for germanys key cost to the chancellor turns down the auto chiefs in their plea for more financial help a crowd of viruses hit them hard and the industry is trying to transform itself. Taiwan enjoys a Search Engine exports but the main driver is the mad rush to stop powwow away hartwig before a band from washington takes effect. And whats the future hold for like events and festival organizers the pandemic has brought this sick day to a screeching halt. And then for lets do business the german order of sector is in crisis the crowbars brought sales to a screeching halt amid a global downturn for the market and admits to a huge transformation towards clean and Smart Technology its all come up once and Industry Leaders say they need more help but a virtual cost summit with german chancellor Angela Merkel has left them empty handed one of the topics was how to financially help supply is on the one hand the industry is sufferi
The auto sector is in crisis a study by the Consultancy Group shows the pandemic has cost the industry billions of dollars worldwide the german order giants like fox fox timeline and b. M. W. Have seen revenues collapse 5 to 40 percent thats never happened before the Global Market was waiting before the coronavirus hit and the comic is here scrambling to catch up in the huge shift towards cleena and smart a take its all come up once bosses say they need more help but a virtual cost summit with german chancellor Angela Merkel has left the mentee handed 1. 00 of the topics was how to financially help supply is on the one hand the whole industry is suffering from low demand on the other hand the conversion to alternative fuels is a top priority concrete measures a set to be decided at another meeting in november. Is head of Automotive Research at sanford c. Bernstein what happened to the cox chancellor merkels always being such a staunch supporter of the sector. Well i think most answers
What an interesting market. It is not a normal july, and simply, it is not a normal friday. Gold almost touching 1900, better markets in the last minutes off the better than good pmi data in europe. Francine we had betterthanexpected pmi in europe, but also the u. K. It is not moving markets that much, but it is something to keep an eye on. Lets get to first word news with karina mitchell. China has dropped back, ordering the u. S. To close its consulate in chengdu because of the u. S. Decision to close the chinese consulate in houston. China serves as a key u. S. Listening post. China says its action is a legitimate one and necessary. President trump has given into worries about the coronavirus. He canceled his florida nominating convention. That was going to be the biggest event of his reelection campaign. Florida just posted a Record Number of deaths from the pandemic. The president says he did not want to take any chances. There are still differences between Senate Republicans and
0. 769 a little lower than weve seen in weeks leading up to this. Joe, the most important thing youve said is it is friday. Is it friday . The days are all it has been months. And then again, it feels like one whole long day for the week. In this new bull market we are in we will see, hopefully. Three days im not saying that we are they make no sense anymore. I guess it is possible we could look back a year or two now and say, wow or as Paul Tudor Jones said. Are we opening he said we could probably see some new lows. We are still on the front edge of this horrible thing that will play out in new york and other cities hopefully not as bad as people thought. The coronavirus cases surging to nearly 86,000 passing italy and china and making america the site of the largiest outbreak. The death toll is nearing 1,300 in the u. S. So far those number doubling somewhere around every three days right about now, a little less. Lots of questions about other areas too now how this is playing out i