blib rated and driving you bonkers. i ve been telling you to keep your money in a barbell. tech plays soaring and some recovery stocks that rally when we feel more come nfident abouth future today the covid winners got hammered but the recovery stocks roared transports, travel, leisure, aerospace, retail dow surging 358 points and s&p advancing what a streak. the tech heavy nasdaq losing .39%. if you own none of these winners, you had a miserable day. if you follow my barbell advice you offset losses with good gains from the most beaten down parts of the market. why is this so important why does it matter you protect your portfolio from a group that made you a ton of money? you need to understand something about portfolio management, a skill i spent 40 years learning i try to teach every day think of this show as a continuing education course for both of us for years some of the smartest people are preaching the same gospel it s a fool s game and impossible to consistently be
nejra: good morning everyone, just after 6:00 a.m. in london. welcome to daybreak europe. we did see a rally for the first time in seven days in u.s. equities, largely with tech stocks. the markets cheered by microsoft and twitter, than a dampener from amazon and alphabet. join us on the bloomberg saying stop focusing on earnings. we have to work on tightening financial conditions. we talk about everything to do with the equity route. it was a brief reprieve, nasdaq futures lower by more than 1%. let s switch the board and take a look elsewhere in the market. the 10 year treasury yield is something we want to keep an eye on. we are seeing safe havens, which tells you about risk sentiments. we are back here, dollar-yen on the back foot. overall, looking at a number dollar index stronger in this session. wti heading for a weekly loss. .6%,e showing brent off 76.42, back and forth when it comes to oil and opec and the rhetoric. denver pressure today. a lot of breaking news, deep
it s easy. if you re a portfolio manager you know exactly what you do you go buy the cloud stocks. you pick up some softwares as a service companies and then you sell everything else this was a good day for the averages with the dow gaining 124 points and nasdaq climbing 1.13% but it was the surging cloud stocks that led the market higher a move like this doesn t start with people waking up this morning and saying you know what i feel like buying some growth today. it starts when money managers are stuck by the lack of worldwide growth and default to growth in this case the culprit is the coronavirus outbreak which slams the brakes on china. president trump has worked hard to get american companies to source products from china and he s had some success. but we still rely on china for rare earth millennials to things like clothing. china have taken a share in manufacturing so now that huge chunk of people s republic are in lockdown, i think there will be some shortages. and t
captioning sponsored by cbs this is the cbs evening news with scott pelley. pelley mason: good evening, scott s off tonight. the sigh of relief that came when the house passed the fiscal cliff deal was soon drowned out by a roar of anger. governors chris christie of new jersey and andrew cuomo of new york along with senators and house members from those states blasted house speaker john boehner today for putting off a vote on aid for victims of superstorm sandy. we have three reports on all this tonight. first, elaine quijano on the storms of protest over sandy aid that got action. elaine? reporter: good evening to you, anthony, well, here at the statehouse in new jersey, republican governor chris christie said the people of his state are being used as political pawns just two months after sandy hit. 66 days and counting. shame on you. shame on congress. reporter: superstorm sandy caused over $36 billion in damage in new jersey. governor christie says he was assure
after testing positive for coronavirus. the government launches a consultation on decriminalising the non payment of the tv licence fee. more than a0 people are arrested as police crackdown on courier fraud, with thousands of victims in the last two years. good morning. welcome to bbc newsroom live. i m joanna gosling. in dramatic scenes in the us congress overnight, president trump has set out his case for another four years in office, and hailed what he called the great american comeback . republicans chanted in support at the annual state of the union address. but the democrat speaker nancy pelosi was seen ripping up her copy of the speech. the economy was at the core of the president s speech. he cited deregulation, tax cuts and new trade agreements as his recipe for prosperity. he also highlighted his success on immigration, saying that the wall along the south border continued to be built. and he outlined how his policies had helped minority groups. it was night of a t