Nascar bans Confederate Flags after a campaign led by the sports only fulltime black driver, Bubba Wallace. Well show you his message to the fans and how other drivers are reacting. And strength in diversity in an exclusive interview, reddit cofounder alexis ohannian tells us about the importance to bring other voices into the board room. First, its your eye opener. I cant tell you the kind of pain you feel when you watch your big brother who you looked up to die begging for his mom . An emotional plea from the brother of george floyd as he testified about police reform. Enough is enough. President trump held a roundtable discussion with africanamerican media personalities and faith leaders on race relations. Weve done a lot for the black community, and weve done a lot for all communities. Family members of two Idaho Children reported missing last year confirm that their remains have been found on their stepfathers property the sudden surge in cases of coronavirus across the country at
Today. This time dow industrial rising. Nasdaq at 28. 1 . These were all miraculous record closed by the way. Where did that momentum come from momentum is a tricky thing i can tell the market is on fire because employment is red hot. We know adp, at least incredibly strong numbers the Labor Department will give us a positive non farm payroll report tomorrow. I can tell you people are buying stocks, good feelings, breaking up with u. S. And china thanks to phase one trade deal chinese seems to be placing large orders with american business, dont you think . There is just one problem. I am not buying that these i am not just pushing these medical forces i think theyre not the force of todays market momentum. Why . Well, because momentum is what happens when a stock keeps worrying for emotional reasons and not financial reasons. A stock that goes higher because buyers went in at any price, that my friend is momentum now especially i like it when stocks rally i am not a fan of momentum bu
The nasdaq is the leading indices and oil hitting a threemonth highly after military strikes in the middle east energy is the bestperforming sector today joining us for the hour is josh brown, ceo of Ritholtz Wealth Management josh, obviously seeing a little profit taking here is this a tax situation scenario or is there more to read into about losing steam and sentiment . If you see profit taking on the what penultimate the penultimate is that not an american word as well . It is, we just dont use it as much. And it doesnt sound as good when i say it. It doesnt, sorry when youre seeing profit taking on the second to last day of the year, thats not tax related, but it could be front running what others suspect might be fax related, meaning look at a typical investment portfolio this year, if they own sector etfs, for example, they have a ton of Technology Large cap tech has done unbelievably well this year. Or if they own individual names. If you own apple, youre up almost double. Now
Slowing economy. Joining us for the hour, stephanie link great to have you. What do you make of this market right now . I have fatigue over trade i really do. Its impossible every day it changes. So im trying to ignore it and focus on fundamentals. Today i thought we got some good data on the economy. The philly fed better than expected vince were better than expected meaning he they went own maybe were bottoming. Lets see the flash pmis tomorrow existing home sales up 5 yearoveryear good consumer, lets talk retail earnings have been very good Minus Department stores and some one office. I think that bodes very well for the consumer fatigue over trade but excitement over m and a. Very much so. Im still excited by trade. Im more excited about bristolmyers closed earlier than expected. Thats a great story for 2020. So theres a lot underneath the surface to this market of whats going on and thats what im trying to focus on versus trade. Lets get straight to that big story, the potential c
And Serena Williams is about to take to the court at flushing meadows. Well have more coming up in a few minutes. Hello and welcome to world news today. An Iranian Oil Tanker which was seized by britains Royal Marines off the coast of gibraltar injuly appears to have been spotted off the coast of syria. The tanker had been detained because it was suspected of travelling to syria against eu sanctions. The ship is carrying 2. 1 Million Barrels of Iranian Crude Oil and was only released from gibraltar on the condition it would not take oil to syria. The British Foreign office said sailing the ship to syria would be a morally bankrupt course of action and against international norms. Satellite photos released by the Us Company Maxar technologies seem to show the tanker two nautical miles off the port of tartus. Our Diplomatic Correspondent James Landale reports. This is the Iranian Oil Tanker at the heart of the latest tensions the grace 1, as she was then known, but now renamed. Detained