Predictions and youre making another big one. Why next week for what you call a monsterous rally into your epicenter stocks happy friday. We took a look at what happened the last time cases peaked which was late april it took 20 days last time. If we look at the current context, daily cases peaked july 27th the 20th day would be august 14th we have been seeing consistent 7day decline in average daily cases but our clients are thinking this is in the middle ground theyre not clear if its a decisive move. I think it takes another week. That will happen next week and i think lit be violent sdp you think people are ready to get out of these stocks that have been so tried and true. Nasdaq closes above 11,000 clearly money wants to go into big megacap growth yes i think megacap growth is cheap as a bond proxy because youre paying 50 times for an investment bond. Paying 30 times for faang isnt expensive. These are the names that have been written off by the market its only 26 of the market ca
More urgent. It is a question Martha Teichner will try to answer in our cover story. Reporter with the world desperate for a covid vaccine, manufacturers are already gearing up so millions of doses will be ready to go the day when it is approved. I think what we should exercise here is humility. We dont know what we have. They dont know what they have. Its risky. Its expensive. Reporter theyd his sunday morning, operation warped speed, not fast enough or too fast . Pauley next on our morning menu, well find out what is cooking with tv host guy fieri, who is reliving his travels in pursuit of local eats with our mo rocca. The car, the hair right here, right now. Reporter the personality. With guy fieri, everything stands out. Now he is standing up to help a group of people hit hard by the pandemic. How much money have you helped raise for outofwork restaurant workers . I think were just on the cusp of 24 million. Reporter coming up on sunday morning. The tireless guy fieri. Enjoy pauley
Wilbur ross tells bloomberg the china agreement is near periods tries President Trump wants this signing to take place in the u. S. The worlds Top Oil Company presses go on its longawaited share shale. They brought five brush off concern and says the price is right. Shery all change at the golden arches are the ceo is fired after breaking the policy. Markets have opened for trade lets. Lets get you straight to the Market Action. Sophie shares opening higher by 2 10 of 1 . This happened with the drop we saw for the benchmark. Keeping a close eye on westpac after a disappointing set of earnings. Ozzie yields tracking fridays drop in treasuries, rising six basis points amid trade optimism and a stronger jobs report. The aussie dollar is firmer. Offshorein on the yuan, trading below 704, building on fridays gains amid signs of stabilization. Asian stocks broadly looks to rises monday. Japan is offline for the weekend. Semiconductor players will be on watch on a report that the u. S. Govern
Adjustment and the median price of an existing home up 4. 8 yearoveryear to 247,700. This number coming in better than estimated. Today does not necessarily belong to macro. In more belongs to micro and corporate earnings that have been coming out. The ecb decision to not raise rates, notwithstanding. That has not seemed to disk to derail u. S. Stocks. The dow and s p have been pulling back from yesterdays record close. Was good to big corporate stories we are watching. General motors posting record earnings. They beat analyst estimates for earnings per share by 22 . Sales of 11 and the company attributed part of the beat to better pricing. Those shares are rising today. We heard from biogen. Secondquarter profit coming out and beating analyst estimates. The bigger news is that the company ceo is departing. Over doubling in sales at the company. More recently, analysts and investors have been scrutinizing biogens blockbuster ms drug. It is not growing as much as some anticipation. In t
Im telling you, this is good stuff. We have High Pressure locked in place for the next few days. So often it brings fair weather. That is what it will do this time around plus the warm up that we were just talking about. When were talking warm we are talking about 15 degrees above average. Not too shabby, that means mid 60s at some point. We will start off with a view of storm scan, completely empty with High Pressure in place. We tend to find that. With it anchored over us as today we will have bright sunshine, light wind, calm, tranquil, but cold, because of that. If you dont have any cloud they cannot act like a blanket to trap in any heat so temperatures just drop right off to the overnight the when you dont that have blanket the of cloud cover. We are in the 20s in ac. Twentys in mount pocono and just 30s in philadelphia but calm wind conditions all the way around. What you see is exactly what you get on the thermometer as it a appears on the thermometer, does it feel in terms of