Where all themes corruption on the cult are rubbish for in south Africa States run real way to a standstill stealing cables and cash from the real thats where. I am Eddie Michael jr and you are welcome to the program at a time when the current virus fundament has caused many to lose judge jobs others in the Digital Creative industry have monies to stay afloat the pandemic has created the space to fair that develop africas that gets old economy bad so stunning especially its about using his imagination for 3 d. Animation and is already making waves in the industry heres where cobb as the wide range of issues from health to gandhi and popular culture. Every day better to be savanna sits at his computer working on his passion 3 d. Animation his self produced bleeps raise awareness for issues like sanitation nutrition and cultural history christina here are you from your back to check. Facts so that. You know foodies village might get. To see another country if. You want to see country pro
Chips. The chips in this bag and the chips on this rack. I know it sounds like i agimmick. Maybe it is. But if you understand the zeitgeist of this market, if you really want to get it, these two types of chips tell you a great deal of the drama going on in the stock market and in the entire country. So on a good day when the dow advanced 130 points, s p gained 1. 03 , nasdaq jumped 1. 51 hallelujah allow me to explain. Lets start with these chips, the semiconductors. Right now theres a veritable feeding frenzy for the chipmakers. Investors cant eat just one. The etfs are going crazy. Buyers are chomping down on this stuff like piranhas in the amazon basin. Nvidia, obviously the not disputed leader of the group is up 87 year to date and 757 from its lows just 17 months 757 , people. On the other hand, though, this bag of chips is under assault. The price of a bag of potato chips has risen 45 while the cost of producing them has increased by about 40 over the last few years. But unlike
The nasdaq is dticking ever so slightly in the green. Down just a tenth of 1 in the s p, 4504 was the last trade there. This is an interesting move only because there might have been folks who believe it could have been the precipitating factor for something much worse, even so today josh, it didnt look like it was going to be massively down but did accelerate into the close. Okay, were down, but whats down the most . It tended to be the stocks up the most on the year he was on with you yesterday and calling it an upsidedown day. Some call it an insideout day it was counter trend you had stocks, the top 20 performers in the market up an average of 23 you also saw a lot of pain in higher yielding stocks, equities, that makes sense a higher yielding bond, long bond i think were probably just catching our breath. I dont think anyone wants to make a big commitment to one side of the market or the other ahead of apple even if its a boring report, it will speak volumes how august progresses
More than a decade earnings in focus, state of texas, ea, match, humana and amds chief lisa su will join us later this hour. Apple sports books reportedly reaching a new streaming deal with the pac12 lets begin with the fitch downgrade. Downgraded the u. S. To aa plus you talked about this last night. Is the market shrugging it off or not i think it has to in some ways, its just an upgrade of the way we run our country, and i think you want to go back and think, well, what happened in august 5 of 2011 when the s p downgraded us s p was at 1,119 it had gone down to 1,095. So, there was a big decline. Then, one year later, it went up so, in other words, if you just take the worst case scenario, which is what happened in 2011, it was an amazing buying opportunity. And when people looked at it, i think they said it was quizzical. Tim geithner was very angry, said it was wrong. This one says, youre a completely dysfunctional country, and we recognize that but all countries are dysfunctional
Have got to look at the leadership, meaning that has been working day in and day out. That is how you can figure out how to make money. And the dow gained while nasdaq dipped 1. 85 . It may surprise you to learn that there is an index that has been burning like a house on fire. It is a strange index. It is the dow jones utilities average or the utes which they are known as on the street. Still one more powerful session for the smoking powerful amount of the utility stocks that dates back to 1929. Yet this trailblazer started separating itself back on april 16th of this year. You know what . It has been going almost straight up ever since. The Utilities Industries are swaddling back. At this were just up for a week or two weeks, i might just ignore it. But i am sorry. It is flashing red for the economy. Heading for a slowdown. Brown shoes be my term for companies with fading prospects. When you notice one of these index changes, you have to handwrite to the wall street journal archives