Of war between inflationary pressures and the deflationary trends in china. And f and meet a company that made it their business to clean up environmental messes the ceo joins us ahead first, lets get the read on all of this with dom chu its red, but its not severe, not as much as yesterday. But still, seeing that slowing momentum ill get into that in a few seconds, kelly but if you look at the overall picture for the dow industrials, off one half of 1 , 153 points for the dow. The s p is at 4473, down 25 points, half of 1 decline there. At one point today, we were up about three points down roughly 38 at the lows. That is the trading range so far today. Again, watch the 4427 level. That represents the moving average of the s p 500 the nasdaq composite off 141 points to the downside 13,743 is the last trade there kelly mentioned some parts of slowing momentum in the market one place we are seeing it is in a red hot sector, that is computer chips, semiconductors right now, we are seeing
Were getting a sense that the longterm outlook, not the shorter median terrelm, the lon term has taken focus. Where the best longterm profits reside. What do i mean the long term . Lets start with tesla, solar city. Elon musk is trying to create a onestopshop for his incredibly popular cars. It can be summed up as im smarter than you, so i cant bother with you. And except a couple of things. With this deal, musk is not planning for this year or notex year or year after that. There are 50 million rooftops in this country. To musk, that means 50 million power plants. The notion that the electric fleet will look like it does now in further times is long. Why . Because its because of nuclear, coal and natural gas. But new Nuclear Plants cant be built, theyre to expensive. Coals too dirty. Natural gas is a bridge fuel. Heres the thinking that might be one Central Place. This is what his grand scheme really is. One Central Place where we build a j a gigantic solar field. Hes thinking in the
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The company that once held the former Renaissance Jamaica Grande Resort, which was once one of the tallest hotels in the country, is finally being wound up by the Jamaican government, years after the property was offloaded. A trustee is being.