It is showing how much power these businesses have to move the index in one direction or another, outweighing technology. As we look at the valuations 2000, the big underperformer today, relative to the median forward valuation on the s p 500, the ratio looks ugly, we are back down to the lowest we have been. I dont know if that is the denominator of the s p 500 continuing to decline. It could be both of those. It has been a downward trajectory, and we have yet to see it. Calls forwe have got questions to be asked of our guests as well. You are a growth investor. There are queries from viewers whether this can be sustained. We have been talking about the heady heights and valuations. You think the nasdaq 100 may have hit a wall here, or can it pull higher . I think we can continue to go higher for no reason at all other than sentiment. As a fundamentally biased investors, you believe you need to have some cyclical rally that comes through for most of these sectors to come to fruition.
Lauren simonetti watching those markets, blake burman standing by at the white house and Hillary Vaughn is in baltimore where the Vice President is expected to address the Republican National convention this evening. Lauren, we start with you. Lauren hey, connell. Tech certainly led the way today, but that wasnt all. Manufacturing remained strong. Orders for the big expensive items surging last month and hopes for a vaccine alive and well. Moderna says new trial data that the vaccine candidate built immunity older patients. That lifted sentiment. The dow rising a quarter of 1 . S p 500, four Straight Record closes. The nasdaq, five straight. Above 11,600 for the very first time. Alltime highs, amazon, alphabet, microsoft, and facebook. Yes another record close for apple at 506 a share. Look at sales force, guys. These gains are incredible. Investors cheering they raised the fullyear guidance. Imagine if right now sales force were in the Dow Jones Industrial average. It would be up a lo
First, todays show is brought to you by the letter b thats because bond yields, bullion, big cap tech. Fed chair Jerome Powell gears up for a high stakes speech from jackson hole summit. With bullion up, big tech up, what is up with the market as we gear up for powell, guy . I like to hear you say bullion. I feel like im going to have soup or go back to doing what i used to do back in the day its wonderful you can do an entire show saying that word. Whats up . Risk assets are continuing to go higher based on we talked about this a couple days ago, the fact they said they will be a historic speech for the fed in the way they view inflation, the way they measure inflation and thats why the market took off and i think thats why you saw it probably move today into that speech the things you didnt mention and forget it but they didnt rhyme with b or start with b the russell was down today and the vix closed north of 23 those are two very interesting things to take into consideration along w
Better or worse antigovernment anger is building even in the president s traditional heartland. And in sports the Milwaukee Bucks and boycotted their n. B. A. Playoff game the team ready to face the Orlando Magic by didnt show up as part of the a protest against Racial Injustice. Could be the most powerful storm to hit the u. S. This year is just hours away from making landfall Hurrican Laura is already a category 4 storm and Officials Say it could be catastrophic its power grew by nearly 70 percent in just 24 hours this is what it looks like from space as it crackles with lightning and races towards texas and louisiana 2 states that are also grappling with coronavirus authorities have warned a storm that could churn flood waters as high as 6 meters making it unsurvivable around 620000 people have been told to leave their homes with hurricane Warnings Issued to those living as far as 322 kilometers inland. And again it is live for us from miami and it is strong seems to be strengthenin
A refugee rescue boat and the tributes pouring american Actor Chadwick Boseman who has died off to a 4 year battle with cancer it was 43. Bozeman including formula one champion. The difficulties latest poll position for the inspirational arts. Hello welcome to the news hour our top story thousands of women of marched in baton rouge to denounce state violence against protesters since a president ial vote 3 weeks ago theres been a crackdown on Peaceful Demonstrations they have also been hundreds of arrests and as mounting evidence of torture and treatment in Detention Centers now the authorities have started withdrawing accreditation from journalists with some of them expelled on saturday but it smith reports now from neighboring lithuania. The triangle looks like a crackdown on dissent in belarus these women chanting we wont forget we wont forgive a part of what they call a peacekeeping force designed to stop the intimidation of peaceful protests thousands marched in the capital minsk s