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States in this period of 1970s. And were going to use three handles as were going to use vehicles, were going to use film and were going to use the crises of the seventies to weave this all together and somehow come up with some sort of an understanding about changes in identity during this tumultuous decade. Before i began, my cohost, dr. Todd altman in indiana and rutgers, ph. D. , and an american professor. He and ended up writing an article. In 2014 in the journal popular culture, entitled stealing freedom, which dealt with film and auto theft. And i think the class read that as part of your assignment it and todd has done many other different kinds of studies during the past several years here at the university of dayton. And my colleague John Heitmann of course, is a very well known historian of automobile and others. He wrote a very famous book that won many awards. Im plugging it for him here. The automobile an American Life. Very good read. Wonderful book john has the most dis
South of france and corsica fight huge forest fires banned by high temperatures and strong winds. Close to the Tourist Resort of saint tropez, nearly 2000 Fire Fighters have been put into action as dozens of homes are evacuated. And britains adam peaty has broken his own 50 metre breast stroke world record, in the heats of the World Swimming Championships in hungary. Good morning. Its tuesday the 25th ofjuly. Im ben brown. Welcome to bbc Newsroom Live. Builders could be banned from selling new houses as Leasehold Properties in england under proposals put forward by the government today. It comes after it emerged some Housing Developers have been selling the leasehold on to Investment Firms without always telling homeowners, leading to extra costs or rising charges. The government says there is a particular problem in the North West Of England where houses were being sold on leasehold although its not clear why. The communities secretary, sajid javid, has said enough is enough as he set
The dow and the s p 500 are in positive territory. Lets go to the markets desk where julie hyman has the latest. Julie there was a report this morning talking to a bunch of strategists on tuesday. The brexitinduced selling could be over in the united states, which would be fascinating indeed. Still a lot to unfold commodities they come in the. K. We got the next of them pending home sales, down more than anticipated. Does not look like that will put a chink in the rally we are seeing today. Other kind of 3. 7 in may. We are watching housing stocks today. Overall we are still seeing a rally well intact today. As funny mention, the dow and the vonnie mentioned, the dow. Nd nasdaq and the green last thursday, the rally happened in anticipation of a emain vote in the u. K. Of course, that didnt happen and we have this decline. We are not back to the levels we during the close on thursday but pretty close to the levels on friday with the selloff in the wake of the vote. We are continuing to
There have been unexpected positives that are forcing big Institutional Investors off the sidelines even if the average didnt do much today, dow gaining 47 points, s p inch up, nasdaq advancing. People didnt see what im about to talk about coming. And its really changing the landscape. First, i dont know many who look back at the last week and august and thought we saw a surge in activity in the use. But if you look, youll see something uncanny among all the charts of the industrials and all tech stocks. Youll see a bottom. Thats right. Those stocks, which have been pretty much in free fall for most of the summer if not the spring, started their pivot right then, at the end of august. Ive been over and over that period, trying to figure what the heck changed the economy to turned those stocks around. The answer not much at all. If anything, we caught another leg of delegal raciieseceleratd. The dollar . No. The earnings . Nothing. They were almost uniformly bad. No, there was only one