Split. Well tell you why invesetors ae piling in today. Energy companies have shut in production we have the latest on the impact of tropical storms marco and laura. Power lunch starts right now thank you, tyler as you mentioned its shaping up to be another record breaking week on wall street. That means even more evidence mounting that stocks are getting pretty expensive bob is following the markets for us bob. Yes it is. Right now we have very light summer volume. We have fairly narrow trading range today. I like what i see and i like what i see for one particular reason for once its not all about Technology Stock it started out that way at the open but it quickly changed and investers decided maybe the tech stocks are too pricey afterall today were seeing Energy Stocks bank stocks out performing, even industrials out performing the Technology Sec tore. Thats a big change of pace for the last couple of weeks i want to show you something to give you an example of how it changed. Apple
In the short term, as ben king reports. The recipes havent changed in 90 years in this Traditional Bakerin 90 years in this Traditional Baker in west sussex, but the cost of their ingredients has. Flour prices, meat prices, Energy Prices all up. The cost of fat has doubled. That has put the squeeze on profits, but the end is in sight. The end is in sight. Prices arent continuing the end is in sight. Prices arent continuing to the end is in sight. Prices i arent continuing to increase that much. They definitely arent coming down, that doesnt happen very often, but it does seem that things have plateaued a bit, and im pleased to see that the pressure could the next few months will pass on to our customers and employees as well, which will be great for everyone. Well, which will be great for everyone well, which will be great for eve one. ~ , everyone. And official figures are telling everyone. And official figures are telling the everyone. And official figures are telling the same everyo
Close on wednesday. The stock has soared more than 90 this year alone this off the back of enthusiasm that al will boost corporate profit. The question is will als big spenders, the likes the question is will als big spenders, the likes of amazon, microsoft continue to place orders and drive sales and Profit Growth . Or is that trajectory beginning to ease . Wall street is betting the chipmaker will exceed expectations. In other news, Pixar Animation Studios known for producing classic films like toy story, is laying off roughly 14 of its workforce. This is part of broader restructuring by Parent Company walt disney, and reflects a move away from the production of original content for the disney plus streaming service. Instead, pixarwill refocus on feature films. These layoffs follow similar cuts made injune last year. To another big story we have been covering newsday. A Singapore Airlines flight was hit with severe turbulence causing the death of one passenger and injuries to several