Parliament speaker says its clear that there were casualties its been more than 2 weeks since young people began demonstrating against Police Brutality the manufacturer of a powerful painkiller that helped to set off an Opioid Epidemic in the u. S. Will plead guilty to criminal charges as part of an 8000000000. 00 settlement Purdue Pharma makes the Prescription Drug oxycontin which is linked to an addiction crisis thats killed more than 400000 people in the past 20 years but the deal does not release any of the companys executives or owners including members of the wealthy secular family from criminal liability. The unlawful dangerous scheme put profits over people by seeking to increase scripts for addictive jaros even when they were not medically appropriate and at the height of the u. S. Opioid crisis a time when in vermont where im from and across the country people were suffering under opioid addictions that sometimes ended and and so many of those addiction stories began with oxy
We start off with a major reversal on wall street. S p 500 gave up gains around 2 00 p. M. To finish close to session lows same for tech stocks you saw the same thing play out in facebook and netflix, both stocks starting strong, finishing around session lows. You can extend this to regional banks, health care, energy, small caps what does the action today tell you, guy adami its not encouraging. Im not going to make a deal out of today yesterday we had the show of hands. I dont think any of us were convinced by the rally ill continue to say a 30 vix suggests were going to see days of 1. 52 moves. I happen to think on aggregate its going to be lower im not trying to be all good morning and gloom, but the environment we find ourselves in in terms of a lot of Different Things as we head into the fall, on top of which an election is probably a coin flip, i dont think its particularly bullish for the Broader Market and especially on the back of a rally thats been historic karen i did raise
The session with fourth days of gains with the dow industrials up 31 points. Much of the rally dissipating and then some. Nasdaq down by theless, s p down 15 at 4 00 oclock on wall street. Tiktokoracle deal uncertainty. President trump to reveal the deal today as the white house pushing for u. S. Control of the chinese app. Origins of russia tab, subpoena obama officials now and senator Lindsay Graham announcing when jim comey will testify in front of senate judiciary. Coming up at 7 10 a. M. Doug collins with more on that and pressure hes putting on apple after records show phones belonging to muellers team were wiped. Find out who will be playing joe biden on saturday night live. The bank of england out with its own Rate Decision in about an hour. Investors would be watching for any news of added stimulus and what the forecast is for the broader economy in the year ahead. In asia overnight, red across the board as well. The bank of japan left Interest Rates unchanged and says the eco
Which has mostly gotten a free ride. Well get reaction from liz peek coming shortly. Spigot to Small Business drying up. So what happens now . All that and so much more on making money. Charles well the dow is up steadily today and the market has been on a roll. The market has done better than you probably know. It is not reflected in the quotes. Give you an example. The s p was up. 006 . Tiny fraction of an increase. Guess what . Nine of 11 sectors were higher on friday. This rotation is going on. Weve been talking about for some time. Now it is catching fire. What should you be doing to take advantage of it . I will bring in my three favorite experts, mike murphy, Courtney Dominguez and shah ghailani. Mike, i want to get your thought on what were seeing in the market. The dow is having a powerful session. A lot of tech names are under pressure here but this rotation we talked about is happening. I dont think youre buying it just yet . You know, charles, i love some of the big Dow Com
Say the waters off the coast of being overfished. Slaughterhouses are hotspots for covert 19 activist investors say that Meat Processing plants could be the cause of the next pandemic. The coronavirus pandemic has had a devastating impact on the Global Economy its pushed back global efforts to reduce poverty improve livelihoods and health care now understandably nations of poured billions into shoring up Health Services but the recovery now that lockdowns are being lifted needs to take into consideration all other global emergency Climate Change with temperatures hitting 100 degrees fahrenheit in siberia and the Arctic Circle the challenge couldnt be more dire lets put this into perspective because we can tackle poverty job creation and Climate Change at the same time to limit rising temperatures to below 1. 5 degrees sell. This 2. 00 trillion dollars a year needs to be spent on Energy Systems around the world until 2035 thats around 2 and a half percent of the worlds economy the u. N.