I im sick of amazon, im sick of tesla. But believe it or not, the market is bigger than those two names and i think we have to start recognizing the massive number of stocks that are doing well, that are entirely in bull market mode. The dow gained 2 pointses, s p 500 gained. 08 . I think we should start with t catca catcat cat piller piller was a rill do. Now its at 97. What happened . First donald trump was elected president and because hes pro oil and gas and drilling and hes also pro coal. Donald trump cant say cove coa. Plus if trump can pass his infrastructure package, admit d admittedly something that doesnt look very promising for this congress. But its impossible to subject how many people have been laid off, but the number is substantial. Caterpillar has gotten a hold of its dealer network. They had that chronic problem that forced the company to discount its products dramatically. Its solving the really intractable supply chain issue. And the Global Economy has changed, part
Elections, they have delivered but are they overconfident . We will discuss the matter. Making sure you hire heroes, not zeroes. Well meet the man who says tech is the best way to vet new recruits. Asa as a Whistle Blowing Engineer wins 1 million for reporting a cruise ship for dumping waste, we want to know, would the chance of the big payoff make you more likely to blow the whistle . Let us no. Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Some of the worlds most powerful people from business and politics are meeting in berlin today. They also all happen to be women. Its part of an initiative called w20 set up by 20 of the worlds leading nations. So whos going and whats it all about . Attending the summit will be Christine Lagarde the head of the imf, Angela Merkel the Chancellor Of Germany and ivanka trump, daughter and special assistant to the president of the united states. The group wants to highlight the issue of womens economic participation
Julie its more like we are inching toward it. We do have increases but they are not large ones. He nasdaq earlier did into the red and the nasdaq was very little changed. Now all of them are up around. 2 or more and commodities have a lot to do with the rally but so do industrials. We have some Economic Data out of china with car purchases rising for the ninth month out of the last 10. Industrials and the top spot followed by materials. We still see a strong rally despite that. If you look within those industrials, we have caterpillar rising Jacobs Engineering and analysts saying there are signs of stabilization which should be a positive feed through four dover. Railroad stocks are higher, a sort of feedthrough from china and perhaps stronger demand coming from that nation and industrials doing well. All of them trading higher today. Alix commodities soaring and rob materials doing well. Julie oil has been interesting. A build in gasoline and distillates was not expected but crude has
Adjustment and the median price of an existing home up 4. 8 yearoveryear to 247,700. This number coming in better than estimated. Today does not necessarily belong to macro. In more belongs to micro and corporate earnings that have been coming out. The ecb decision to not raise rates, notwithstanding. That has not seemed to disk to derail u. S. Stocks. The dow and s p have been pulling back from yesterdays record close. Was good to big corporate stories we are watching. General motors posting record earnings. They beat analyst estimates for earnings per share by 22 . Sales of 11 and the company attributed part of the beat to better pricing. Those shares are rising today. We heard from biogen. Secondquarter profit coming out and beating analyst estimates. The bigger news is that the company ceo is departing. Over doubling in sales at the company. More recently, analysts and investors have been scrutinizing biogens blockbuster ms drug. It is not growing as much as some anticipation. In t
People cant resist the lure of fang. They just cant stay away from my acronym for facebook, amazon, netflix, and google. Now, alphabet. Theres a simple reason for that. Growth. Theyve got it. Others dont. No matter what. And thats why f. A. N. G. Led the charge today. When we look back at what this moment is about, when we search for the ultimate brexitrelated worry, its a recession. The slowdown and uncertainty that this vote triggered turned out to be broader than the united kingdom. Not able to separate one countrys economy from another at least when it comes to stocks. Everythings impacted whether or not it makes sense because stocks trade in baskets, the s p futures as well as the myriad of etfs out there and the baskets have no rationality to speak of. The same way that a terrorist attack like in istanbul this evening could have ramifications. Cnbc will have a special report coming up right after the show. Some stocks can get up on their own two feet a lot faster than other after