The nasdaq pulling away from alltime highs, the apple one of the five big stocks posting a gain today but while big tech tumbled, the rest of the market was better. The s p 500 less than a percent away from a new alltime high and energy and industrials leading the way. So todays market action, is it a sign florithat the great rota is in place. Guy . It would appear that way. And happy monday and i took french in high school and this move was as we used to say [ speaking Foreign Language we get what youre saying. That is what i said at any rate, it is a pretty and kudos to tim and karen theyve been talking about the transportations for a while in terms of the stocks, look at the move in caterpillar today, a few weeks ago you played trade it or fade it with karen and boeing was 195 and she correctly said to fade it and we talk about how it would trade down to 160 or so and it overshot down at 154. But look at it today, approaching 180. So i think this is a healthy thing. I think those na
From tesla sent into over drive. And general mills, pitching the next best idea, why they say this gaming stock is a total home run we start off with a record run on the nasdaq with a new alltime high since february and do you on the best winning streak since september this coming as States Reopen if some form from the coronavirus shut downs and as cases are starting to rise, so does the markets resilience. In spite of this proof the rally has staying power. Guy. Its remarkable, isnt it again, a lot of people say this is pretty obvious, was easy. Clearly wasnt easy for me, number one im not going to all of a sudden change course. I respect the price, have to absolutely respect it. One thing ill point out is this, in march there were couple days we saw what i deemed back then indiscriminate selling that was a good sign to lead to capitulation today wasnt buying to that magnitude but did you see some stocks higher so maybe were getting close. Again this phased out at 2800 in s p where 40
Today address as number of important issues related to ovid19 testing. One issue we examined in this work, i hope we talk about today, is how we can make sure that we are best prepared for potential overlap of covid19 and influenza cases in the fall. Im looking forward to the conversation we are going to have today. I greatly appreciate all three of our witnesses and governors for taking time from their extremely busy schedules to be here. Made a lot of improvement over the last few months, our work is not done and as we continue to work on drafting more legislation responding to covid19 pandemic, it is especially important to hear state perspectives. I thank you. Yield back. Ms. Degette i thank the gentleman for yielding back. I would advise members in case you are unaware of this, there is a window on your screen that says one, two, three clock. This will count down from five minutes for each other statements or questioning. And then it will start going over. If thats not working for
Fleet. Abercrombie fitch, American Eagle and urban all dropping were going shopping for opportunity. But first all quiet on the western front. Market hit all him record high different story in china where doubts are growing that a trade deal will get done any time soon cnbc first broke this story. We go to beijing for the very latest reporter it does appear as though theres growing pessimism within the government here that a deal can be reached this year. A government source familiar with the trade talks told me people here were troubled when President Trump about a week ago had suggested that there was no agreement on phasing out tariffs. Thats a very important point to beijing. He said the chinese side felt they had an agreement in principle. Now there continues to be disagreement over some of the basic points in the deal for example, the u. S. Has been pushing the chinese to have specific targets for agricultural purchase. He said the chinese have been resisting at least in part bec
No confidence blow delaying the blow for early elections and a calmer day in hong kong the airport reopens after Police Clashed with riot protests late in the night good morning. One of the big stories this morning, the Trump Administration overnight has announced a surprise delay to the implementation of new tariffs on chinese impoexports i december 16th. But tariffs on meat, watches, flat screen tvs will go ahead on the 1st of September Robert lighthizer says his office will exempt other unspecified products that relate to health, safety and National Security concerns. On the back of that, we saw a big bounce in wall street. That continued into the asian session. The mood in europe is not so pretty with most majors trading in negative territory. Overnight, in addition to the news about the tariffs being postponed until december, we had weak data coming out of china. That is affecting some sentiment in europe, even before we got that Second Quarter gdp printout of germany all eyes on