Swapping out pfizer for amgen. Raytheon youll hear later today. The largest oil and gas company with one software play dropping a respected drug company for a descent biotech . Kicking a defense contractor to the curb for an industrial if it makes you scratch your head, youre not alone these changes had enormous impact the dow dipping 60 points and the s p dipped and nasdaq gained 6. 7 in all honesty, these moves made a lot of sense they bring the dow closer to the reality of the new cone economyt the memory of the old. Before i delve into each trade, there is an aspect of the dow like the king to the s p 500 Prime Minister same t simultaneously more prestigious. Only included the dow because i had old investors regarded as the most important benchmark we live in the efts of trillions of dollars and whatever name gets swapped in, there is a gigantic wave of buying and selling. The dow has little money invested in etfs its a big deal if you work for them because this is an exclusive clu
U. S. Cases do continue to decline. The fda gives the go ahead for plasma use in hospitalized patients and a potential vaccine fast track and tech on a tear. Shares of apple up nearly 75 this year ahead of its four for one stock split today. Jim, we have all that to handle and jackson hole this week, the rnc and couple tropical storms in and not a sleepy august it should be a sleepy august, and its not august supposed to be a down month and its not people say, wait a second. 70 of the market didnt do well last week. I always find those kind of things because 70 of the market does well this week. You dont have a bunch of anything to hang your hat on when you look at a big apple price target increase basically to where the stock is you realize, wait a second shes the first. But will everyone have to follow every price target is below where the stock is a lot of people feel enthusiasm for the stock split. Of course, that is part of it. I know stocks mean nothing but they excite people she
2nd biggest Economy Economic growth fell to 6 point one percent while that was within the governments target zone it was lower than economists had forecast that was nesta man for chinese p. C. s and phones as well as products affected by the trade dispute with the United States such as furniture and textiles beijing and washington signed a phase one deal this week. China clocks the lowest Economic Growth in 30 years for more lets cross over to taipei and our correspondent so song hand so how much of that cooling can be attribute it to the trade war with the United States. Well chris according to some at spurs i talked to the existing u. S. Tariff on chinese goods could have a drag 0. 3 percent of the g. D. P. Growth and that is the direct impact if we count in the indirect impact of the global trade thats edition no drac of their 0. 2 percent so if we follow this logic china could have reached 6. 5 percent goal without a trade war even some say that china is also dealing with rising de
Just. On chris colfer welcome to the program chinas Gross Domestic Product last year grew at its slowest pace in almost 3 decades weaker exports and sluggish consumer demand weighed on the worlds 2nd biggest economy slowing Economic Growth to 6 point one percent while that was within the governments target zone and was lower than economists had forecast. The Chinese Government aims to accentuate the positive visit announced the countrys worst g. D. P. Growth since 1990. You suddenly turned up in 2019 the economy grew by 6 point one percent on the Previous Year that meets the projected target of 6 to 6. 5 percent. But those latest figures are an unwanted sign that beijing has failed to improve conditions the way it would have liked. Chinas expansion has been slowing for much of the last decade edging ever closer to the 6 percent mark some analysts say needs to stay above that point to continue generating jobs the latest figure takes it uncomfortably close. The government has already tri
Uncomfortably close. The government has already tried various measures aimed at slowing the slowdown including bond sales to Fund New Infrastructure and tax cuts ministers insist they have a plan for what to do next. Omeo enjoy a year we must stabilize employment finance trade when not foreign and domestic investment and expectations. The phase one trade deal signed with the u. S. This week will go some way towards bringing about the stability china craves middle need something more substantial from phase 2 if its to have anything to smile about. Lets go after all the bad our financial correspondent in frankfurt because both european and asian markets looking quite happy today. Thats right they pared some of the gains the asians but here in europe it just continued upwards and the markets are gaining quite clearly and i get the sense that theres also a lot more drive a lot more interest and what the people are buying you can see that on the one hand with the dax going almost within str