Is, we have more investors weighing in on whether it is justified. Larry fink of blackrock says he thinks the rally is getting head of itself. On the flipside, Laszlo Birinyi saying he is not yet seeing sentiment indicators that would show that the rally has extended itself. Dow and the s p have mitigated their rally today, come down a little bit. Still trading at record levels. We are now on a fivebased record the s p 500. Fivedate streak for the s p 500. It was enough of a move that we saw again by the end of the day. Even though if you look at the trajectory, we coming off of our highs considerably. I have been watching volume, which is lower today than it has been recently. This looks and volume by sector. Overall for the s p 500, down 7. 5 from the 20day average good in particular, drop environment telecom stocks, consumer staples, tech, as well as materials. Also, when youre speaking of groups, it is the financials that are doing the best today. Heavily weighted within the s p 50
To have Going Forward. Lets get a check on the markets. Julie hyman is standing by. Have at least some of the downdraft today having to do with some of the earnings reports we have gotten. The dow falling the most of the three major averages, down one half of 1 . Transportation is a big part of the story. On pacific, the lard was the largest publicly traded railroad in north america. Shares down 3 . Profit spell and shares down 12 , and the company said Going Forward that plunging consumer demand and a strong dollar will be a consistent drag. You can look at the carload on the bloomberg. I am looking at yearoveryear decline or advances in the various types of carloads. The purple is coal. We have seen continuing declines in cold. In coal. You are seeing declines in the other areas, everything but agriculture. Other modes of transportation as well. All of that falling. Union pacific has to take pretty drastic measures. It has 33 workers on furlough. It has stored 1700 locomotives to shr
We are at the republic own National Convention for the final night, Donald Trumps nomination celebration. Roger ailes is out of fox news. First, the biggest star power of the week in cleveland, the long anticipated duo of the candidate himself and his daughter. I thought, ivanka will take the stage of this evening. You can see them checking at this stage. Anticipation about what trump is going to say has been building all week. After their rough moments, the stakes are now higher for him to perform. While we wait for the action, it is fair to say that everybody is talking about the fallout from last night, ted cruzs speech. Are you going to endorse donald trump . He did not. Hillary liked it. The convention did not. They booed. Booze cruz, good one. Anyway. T him speak representative peter king called him an ahole. A was an absolutely dishonorable moment. There was awful. Governorw jersey turned over his political testicles long ago. And the guy that called him lucifer in the flesh say
The candidates seeking office. , a lot ofly stunning effort is being put into the sheer mechanics of raising money. Host sarah from vernon, new york on the independent line. Caller good morning, how are you . Guest hello. Caller i would like you to explain to the American Public what a call center is. From what i understand, listening to 60 minutes and different programs like that, a senator or representative is required to spend two hours a day calling their constituents to raise money for their party. , if they spent two hours a day trying to pass bills for the American Public. That ive been watching news for a long time and ive never heard about call centers until this year when 60 took us into them and show them what they look like. Guest i didnt see this 60 minutes episode, but call centers are a fact of life and they are very active in the fundraising for political campaigns. About specific requirements of two hours a day, but it would not surprise me that really prominent member
I could see. I could tell we were going to wreck. I tried to check up a little bit. Then its on from behind me. But nothing else you can do from there, i guess vr its funny when the guys behind you get through the wreck and theyre able to go on the rest of the way. I hated for our m m camry still pushing to 13, working really good together. I was going to push him to see if i couldnt get farther, give ourselves a chance to win. Hopefully benefit our teammates can do it. Thanks, kyle. Thanks, tell mates denny hamlin and and matt kenseth running first and fourth. Wow, a lot of damage there. Wow. Carl edwards who moments before was in a position to challenge for the win. Last year in this race, half the field ended up wrecked in the garage. And we were hoping not to have a repeat of that tonight. Where we are. Well im not going to say anything about the attrition rate anymore. Like you said, business picked up. You just become so aggressive and you cant let out the throttle. Youve got to