Washington has been demanding transparency and threatening to delist mainland companies. Australia is ramping up tensions with its top partner. You a quick get track of the markets. This after we saw another record high for u. S. Equities. The s p 500 and nasdaq composite soaring to another record high for a fourth consecutive session. The s p gaining ground for five sessions. Tech and communication stocks leading the gains. We are up about 55 since the march lows. We had some positive data. The u. S. July durable goods orders meeting estimates. All of that boosting optimism that the fed will keep Monetary Policy loose. With the dollar weakened, due to the strongerthanexpected eco , take a look at what oil is doing. It is gaining ground. About 43 per barrel. In around five months, the highest level. We have hurricane laura. More than 80 of oil output and nearly 3 Million Barrels have been shut down in the gulf of mexico. Haidi continuing to watch the oil patch for those disruptions. Le
Look particularly at the nasdaq, its up 16 year to date but the wait is what you have to think about. Facebook, apple, amazon, microsoft google are up 13 year to date. So youre seeing overweight in terms of really big companies. Any meaningful downward movement along them is going to result in broader index. Im not optimistic particularly nasdaq because i think its overinflated liquidation there is it too glib to say if vaccine hopes are met with real positive data that technology suffers from a whithering stayathome narrative, or is that too simplistic . Yeah, its a little simplistic, mostly because of the factors that are contributing to the tech growth are multivariant you have this issue of the low Interest Rate environment which is drawing a lot of yield, but you also have the fact that people staying at home use Digital Services more. You look at the streams services and the semiconductor and tip companies which are underlines and inputs on the digitization thats happening thats
Phones years ago, and they are back with a new model running on googles android. Is now the time to be getting back . With the slowing Global Smartphone market . But first, our top story. Elon musks 100,000 deliveries goal wasnt met. The company had 97,000 deliveries in the third quarter. Shares fell in late trading on wednesday after the news broke. Earlier this week, analysts mentioned the 100,000 delivery goal may have been talked to divert attention from the potential for a less flattering trend, falling revenue. To discuss, i am joined by gene munster, and david welch. David, lets start with you. 97,000, a record, but not 100,000. Good or bad . It is a record for them, but not a record by much. Hey could probably get to 100,000 if they pushed. I wonder if he hadnt said anything, if shares were reacting better, because it really was a solid quarter. More alarming for investors, most of the vehicles now settled are sold are lower margin s,el 3s, and less model model x, the really ex
Theres two votes open this. Either youre ready for the cool weather, you want it to hit or youre really wishing it was still summertime. If youre wishing that, sorry here. Temperatures dropping out into the low 40s. Allentown, 48 in philadelphia as well as wilmington. 45 coatesville and Atlantic City. This is a big difference from 24 hours ago. Yesterday we had the clouds in the morning. That holds in some of the heat. Temperatures were in the 50s, closer to the 60s. 11 degree difference here. Philadelphia, 15 degree difference, allentown since yesterday at that time, 17 degree difference over the last 24 hours in Atlantic City. It was warmer compared to the warmer temps were seeing right now. It will bec cooler by tomorrow morning. Frost advisory for the areas shaded in blue. Thats from 2 00 to 9 00 a. M. Looking over parts of pennsylvania. The Lehigh Valley, berks county, reading, allentown, looking at these areas. We should see temperatures dropping down into the 30s by tomorrow. A
Amc entertainment says a lack of summer block bust earls hurt the bottom line in the latest quarter. Well talk to adam aron in a first interview about that and his companys merger plans. They have a lot of mergers. Breath taking is the word he uses to describe this. Tesla reaching that deal to buy solar city. Well look at what it means for shareholders. Lets start, though, with oil. Big mover today going lower. Yak i can deangelis tracking the action for us at the nymex. Good afternoon to you, bill. We settled higher than 40. But we did get down to 39. 82 and shows the momentum is there. 40 is a key psychological and Technical Support of oil prices. Lets see why we rose and why were falling particularly so early in the season. The demand for summer driving gave us an uptick. We got up to the 50 range, the dollar supportive. Everything seemed fine. On the downside, why we fell is because we had a crude inventory glut that created a gasoline glut and profitable to create more product and