Ended after a robot, like the one were about to show you on our screen, armed with an explosive was able to kill 29yearold micah johnson. Now, while its revealed that the killer was planning to use bombs of his own, weve got the ceo of an uberhot robotics company. And here is the question, folks are we witnessing the rise of the row bow cop . Rob with ocop . And donald trump making his first comments straight from the campaign trail. Our Political Panel on how the issue will face the race just one week before the Gop Convention are. Were less than an hour to the closing bell. Lets start the countdown. Liz and the reason that page is about to be written, a couple of things here. No less than 40 stocks in the s p are hitting lifetime highs. So sharpen the pen, we are poised to rewrite the record books. The level that we need to watch, any close above 2,130. 82 is a new closing high. We stand right now at 2,140. 47, so we are well above it. Now lets show you this. A new economy and an old
And what youre looking at. Hours later, another Police Officer shot dead. This time on the streets of san diego. The Democrats Convention was characterized by strong antipolice and antimilitary sentiment. That was the back drop to Hillary Clintons acceptance speech. The first woman to accept a major partys nomination presented policies little different from president obama, very few are calling it a rousing presentation. Oh, what a contrast to the performance of americas top tech companies, truly rousing. Google and amazon followed facebook with stellar Financial Reports. Those stocks are going straight up. What a day. The conversation this morning is not Hillary Clintons speech, no, its about disgraceful behavior, another fallen officer, and the weak economy. The latest report on growth just 1. 2 . A special postConvention Edition of Varney Company is about to begin. And we begin with this. A san diego Police Officer is dead. Shot last night working with a special gang unit. He had a
He joins us as he unveils his new rocket ship that can take you into space. First, we start with the markets best week of the year for stocks. The s p was up almost 3 , stabilizing on the last two days, but there are two Big Questions facing investors as we head to the weekend. Are we out of the woods yet and who is in charge, the bullets or bears, tim . Nobody is in charge but the onus is on the bears to say china is about to blow up. Oil is going to 18 bucks, that the u. S. Company is heading to mass recession when in fact weve gotten better data. Its not great, never told you its great but to me the people who say the world is coming to an end, all the things, the confluence in the first week of the year that suddenly the world was such a bad place. Wait a second. Data has gotten worse, has gotten worse. Lock at auto sales declining. Look at what they have said autonation, what they have said. Look at whats happening with diesel demand, oil, okay, had a little bit of a rally back. J
Streak due to data out of china. Joe it didnt feel dramatic at any point, but after a string of gains, we had a real selloff. Alix you could see it starting u. K. He miners in the that spread over here to the u. S. In particular, the u. S. Metal and mining etf, falling the most since 2011. Not sustainr could the rally. Joe japanese borrowing costs, sovereign debt, the yields continue to collapse. This is a chart of the fouryear bond. Rate 40year government bond. Its continuing with disappointment and growth and inflation. Scarlet in currency, speaking of japan, the yen getting a safe haven bid for the second day, stronger than 15 of the 16 major currencies. The pound had the biggest decline and a most two weeks. All of that stemming from the commodities market and the continuing route. You had oil at one point breaking above the 100day moving average, but could not sustain it, then declined over 4 . Goldman sachs saying you have to short copper, saying it could fall another 20 . Squeez
Lets get to bob pisani on the floor of the New York Stock Exchange. This is what it sounds like when doves fly. Very good. That was a good song. The important thing about it is since yesterday, were up 1. 5 . The s p 500, we turn positive for the year. Lets look at what the markets are doing in the middle of the day. Brian is right. Were in a bullish situation now. Two to one advancing declining stocks. New highs are expanding 200 at the nyse. Volume is on the moderate side. Volatility, well, the vix is at new lows for the year essentially. So lets take a look at the s p 500, we are at highs for the year and, yes, thats only about up 1 . Well take that and most of those gains for the year have come just in the last 24 hours. Big caps, new highs, i mentioned some expansion of new highs and we have ge and coke and johnson and johnson, all names you know at new highs. United health. We track that on an intraday basis. Travelers also on the upside here. So most of the new highs recently ha