Housing starts surge 2ging 22 n july countdown to a record. We are above it right now. But as we have said, we have been there before. 59 minutes until its official will today be the day . I dont know, mike san toll ji not here. If you missed out on the markets stunning rally, is it too late to jump in now . Well ask founder Mike Novogratz for his take and a world of difference. How much the Global Economy has been altered and the challenge thats remain with David Melpass. Lets get to the stories were watching bob pisani is marking the action sara has new details on one of the biggest earnings and bob, lets start off with you. Its technology. There is the tech on the upside. A little Consumer Discretionary. That is amazon and advance auto parts. This the he do very good retailers lagging behind here. Thats how important they are. Those are not typos. Apple, 42 the stocks all major reasons why were at new highs today as for the retailers, yeah, we are at new highs at the open at home de
Uber and lyft went on public with much fanfare. What does 2020 have been store . The s p 500 returning 46 so far this year. The last time we saw these gains was 2009 with the index returned 60 . The breakdown for what is driving this is michael regan. What is fueling this massive rally . Mike mostly chipmakers. Lam research. There has been talk about this rotation out of growth into value. Sells whatcell happened. It wasnt a great year for growth for most chip stocks. It is about the next big thing. What are the next big things . 5g, a lot of chips needed for that. Is in early stages. Machine learning, ai, there is a lot of optimism tilted around these innovations. The Cloud Computing arena has still not completely matured. The next big thing used to be social media, google, facebook, and those have matured to some degree. People are looking forward to that next big bump up in Tech Innovation we will see in 5g and iot and on and on and on. Taylor i want to look at this chart im showing
Tech companies have a solution to the way that everyone accesses health care well talk to an investor and c. E. O. Of a diagnostic cap. Now just because hell the richest nation in the world and spend more than any other nation on health care doesnt mean the outcomes are better or that more people will Access Health services more than half a 1000000 people turn to bankruptcy in the us because they cant pay their medical bills and more than 27000000 people are without medical insurance in the poorest nations the weakest dont have access to even rudimentary treatments yet its a goal of the United Nations to achieve universal Health Coverage for all by 2030 how well take a look at this the World Health Organization estimates that it would cost around 58. 00 per person per year to achieve universal health care in all low and middle Income Countries that comes to about 371000000000 a year by 2030 where does that money come from well the World Health Organization believes some 85 percent of t
Covered by that system and thats a big source of its actual relative pain amenity to other countries and then when the expenditure takes place when hospitalization here is quite bureaucratic in spite of the paperback and there are things in the system that dont necessarily push the direction of efficiency is there anything. To recommend about the u. S. System of health care is the hit anything that anyone else should be looking to replicate thats a really interesting point i mean at that at the very start where the best in the u. S. Its actually the best of the maps the globe if you need the top quality treatment of some sort or other you know it can often be found in the u. S. But you can and one of the things to take out of this story is actually that for relatively lower levels of money you can actually a cheap pretty high success so one of the projects sort of highlighting the huge amount of expenditure in the u. S. Is it coming out and. The signal that you need to spent lots and l
Plus planting the seeds for a future generations cats are showcases Innovative Technology aimed at improving the lives of its citizens. How the lines of last year to contain the seasonal rains and i would seem to be quite well spread that they go for more or less vietnam this line here down to now your notice java now should be turning into the rainy season in the easy but use whats clearly see here with actual and forecast rain vietnam is more in line theyll be more heavy rain on the coast of vietnam some more in thailand and me in ma a rain dance was northern sumatra but there are huge gaps where you might expect the rain a good part of malaysia indonesia weather isnt very much evidence of it but it causes in the frame for a shower too big sunder still if youre lucky and you will be eventually big change in australia once again after 5 days of 30 plus in melbourne as an example this cold front has cooled to and hes bringing and will bring at least for a while some welcome rain to tho