Banks, airlines all up while faangs are taking a bit of a break. If you ask me whats the best Case Scenario for the market to the end of the year, i would say this whole narrative about how its like the top five stocks driving the market, i would like to see that come to an end and Everything Else play catch up and start to participate and that is literally what weve seen take place. We had a breadth thrust a week and a half ago where almost every stock broke back above its 200 day. We now have more s p 500 components that are up on the year than down on the year for the First Time Since march i think alphabet is the most recent performer but the faangs are not part of this the whole narrative out of the window that this is index fund money and only microsoft driving this is gone now you have a broadbased rally, not based on nonsense, companies have rising earnings expectations, almost every sector weve even got performance at companies that six months ago you could have made a case to
Economic crisis. Peru gets its president in the span of a week and al jazeera obtains recordings of one of the worlds most wanted men, trying to negotiate immunity from prosecution. With infections surging worldwide and government struggling to respond. Theres been another dose of hope in the battle against the 19 u. S. Pharmaceutical madonna says interim results from trials show its vaccine looks to be 94. 5 percent effective in preventing the virus. Its a really important milestone in the fight against the penn demick because it demonstrates that our most senior morning to all 73 is able to prevent covert 90 disease including severe disease in people whove received it. Its really just a milestone. We have a lot of work ahead of us knowing the vaccine is going to be effective is great news, but we still need to complete the regulatory process, which involves completing the study, generally more to follow it safe. And then of course, we need to get busy manufacture. Follow drugs, make
Engulfed in political and economic crisis, peru gets its third president in the span of a week. Al jazeera obtains recordings of one of the worlds most wanted men, trying to negotiate immunity from prosecution. With infections surging worldwide and governments struggling to respond, theres been another dose of hope in the battle against covid19. U. S. Pharmaceutical firm moderna says interim results from trials show its vaccine looks to be 94. 5 effective in preventing the virus. Its a really important milestone in the fight against the pandemic, because it demonstrates that our vaccine is able to prevent covid19 disease, including severe disease, and people who received it. Its just a milestone, though. We have a lot of work ahead of us. Knowing the vaccine is going to be effective is great news, but we still need to complete the regulatory process, which involves completing the study, generating more data, even some followup safety data. Then we need to get busy manufacturing. Fellow
Right to report to activists one of a new threat to Media Freedom as hong kong clamps down on journalists and getting a little help from outer space we look at how satellites are helping to reduce the Environmental Impact of farms. And install the l. A. Lakers reach the n. B. A. Finals for the 1st time in a decade Le Bron James ladies came to when i was the Denver Nuggets in game 5 of the western conference. So azerbaijan has accused armenia of starting a new war after a major escalation over the disputed theyre going to cut about a region the violence began early this morning and both sides are trading blame amenia has declared martial law and fully mobilized its military it says the number of soldiers has been killed as well the your opinion. Russia and iran are all calling for a cease fire turkey is backing as a passion and has called on armenians to stand against their government. Spends our coverage. On meanies Defense Ministry tweeted these videos on sunday morning it says the sh
The fda approving a 5 15minute rapid test the ceo will join us thats a biggie as power lunch starts right now thanks as august comes to a close, its been a stunning summer rally the dow up 13 the s p up 15 and the nasdaq up 25 . Bob has more for us. Bob. August is usually a nothing month. Not this much. Usually august is typically flat to down. Were up 6. 8 so far best august since 1980s. April, may, june and july have been pretty good monthly gains five months in a row. Why is it happening . Everybody wants to think its apple because apple is up 18 . The s p would be up 4 rather than 6 . Its a lot more going on than apple. The pricing are pricing at some economic rebound could see the returns. The dow transports are up. Thats a cyclical group. The russell 2000 is up high yield is the best performing bond asset. This wouldnt be happening if they were projeking iproprotecn economic downturn. The better argument is theres a bull argument thats winning the argument so far. This is the arg