Im talking about the pellmell rush to judgment we undergo every day when we forget how positive the vast across the board decline in Commodity Prices is for our country. Something that will be overlooked again today with the dow sinking and the dow is backsiding although lets set the stage. We have had to endure horrendous bouts of commodity inflation. Its one of the most insidiously destructive economic forces in the market. When you get bottlenecks because of supply tightening and rapidly rising Commodity Prices because of demand acceleration. The reverberation of that particular kind of inflation the pinnacle pin action of it creates a very treacherous stock market. When its the reverse though with Commodity Prices spiraling down and down big as they are now, that gives you a benign market. A positive one, less by a host of earnings disappointments, coupled with Interest Rate hikes to break that kind of inflation that can slay any bull even a rager like this one. Its so many people
Bad as democrats, all right . How to turn poverty into prosperity if such a thing is possible. All of those stories and more coming up on the kudlow report beginning right now. Good evening, im larry kudlow on the kudlow report. Today is the best day of the year so far for the dow. Lets go over to the Bertha Coombs with all of the details of todays big rally. The one and only kudlow. You can see a lot of black and green. The dow and s p and nasdaq up 1 . Powered by strong earnings results. Earnings so far having been reported, earnings are up 9. 5 for the quarter, it being looks like. Revenues only up 1 and thats part of the problem. Meantime, though, blockbuster earnings today. Disney helped power the dow higher gaining 5 on the day on an earnings Beat Estimates it had strong growth at espn and frozen its animated picture, much better than expected performances at the box office and helped power the bottom line. Cocacola also rose after taking a 10 stake in Green Mountain coffee. The
Dr. Neal Nathanson, a virologist who also worked in epidemiology and public health and spent more than two decades at the Johns Hopkins University, died of leukemia and pneumonia at his Cambridge, Massachusetts home on Aug. 11. The former Roland Park resident was 94.