A virus pandemic sees the Democratic National Convention Going virtual and the republicans being forced to rethink grand plans for the big celebration followed the u. S. Conventions on al jazeera. How high can the price of gold go the purses but will is being sold for a record 2000. 00 and now its whats driving the gold rush and could it affect the chances of economic recovery from the coronavirus president this is a story. Alone welcome to the program on iraq on the coronavirus pandemic means we are facing our worst ever recession shutdowns to control the spread of the virus have forced many businesses to close millions of jobless and when times are tough investors tend to put their money into socalled safe haven assets such as gold. Precious metal hit a record high of 2060. 00 announced a couple of weeks ago thats a 30 percent rise this year now some analysts are predicting prices to soar to 3000. 00 an ounce by next year the price rise is particularly being felt by indians theyre th
Well, youre not alone the chart master is drilling down on the one sector running low on energy. How you can play it for a jolt its time to risk less and make more options action starts right now. Hopefully the dog days havent gotten you down too much it is friday, why not, 2 30 on the west coast lets get right now to it. It was a record week on wall street that should give you energy. Right . And a remarkable week for the Federal Reserve as well. The nasdaq and s p 500 hitting fresh all time highs and the dow turning positive for the year. Look at that all this after the fed made a major policy shift saying theyre going to allow inflation to run hotter than normal to help the american economy. Jobs over inflation headline that was big in the bond market. The tenyear yield hitting its highest level since june, and the yield curve sharply. Tony zang says theres only one stock that can be a big winner, at least one stock that could, tony, who is it . Take it away. I wanted to take a look
Its up about 0. 3 today the dow as we said up over 1 at session highs. The sara crazy to see the s p 500 just wiping out all the pandemic losses the todays show, clorox is a standout winner. Up more than 50 so far this year people stock up on cleaning supplies but can the company keep up with the huge demand for wipes and disinfectants . Were going to talk to the ceo plus, well talk renovations, Small Businesses and more with the ceo of Angie Home Services of that company reporting earnings after the bell. Along with iac, tilray and many more names lets focus in on the big stories that were watching in this final hour of trade mike santoli tracking todays market action. We have the latest on the increasingly complicated stimulus discussion in washington and kate rogers has the details on a scandal involving former mcdonalds ceo steve east easterbrook. Mike, start us off with the Broader Market and the gap were seeing. This is a good illustration of how a broadening out of the market be
Declining onto an empire forges its alliance with germany and the central powers as the war gives birth to 3 nationalist movements the road to time and the future world war one through the eyes own knowledge is iraq. How high can the price of gold go the precious metal is being sold for a record 2000. 00 an ounce whats driving the gold rush and could it affect the chances of economic recovery from the coronavirus and that this is a story. Alone welcome to the program. The coronavirus pandemic means we are facing our worst ever recession shutdowns to control the spread of the virus have forced many businesses to close millions of jobless and when times are tough investors tend to put their money into socalled safe haven assets such as gold. Precious metal hit a record high of 2060. 00 announced a couple of weeks ago thats a 30 percent rise this year now some analysts are predicting prices to soar to 3000. 00 an ounce by next year the price rise is particularly being felt by indians they
Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st