Globis maritime soared, and global has climbed 450 . And this performance is even more peculiar, because the sector has been facing a nun of challenges as it deals with global overcapacity and sluggish trade. You may recall, the bankruptcy filing earlier this year of south koreas han engine shipping. So whats going on . Dominic chu takes a look at some theories and why investors need to proceed with caution. Reporter the stock market has been riding high since the election, and there have been a lot of bets placed on companies in industries that might benefit or be hurt by a trump administration. But the recent surge in small and microcaps shipping stocks have defied a lot of market logic. The question is, what is fueling this parabolic move and traders are offering a multitude of theories on why bulk cargo shippers could be seeing brighter days ahead. Could a Trump Presidency lead to a surge on spending on things like roads, bridges and other Infrastructure Projects if that were to ha
Globis maritime soared, and global has climbed 450 . And this performance is even more peculiar, because the sector has been facing a nun of challenges as it deals with global overcapacity and sluggish trade. You may recall, the bankruptcy filing earlier this year of south koreas han engine shipping. So whats going on . Dominic chu takes a look at some theories and why investors need to proceed with caution. Reporter the stock market has been riding high since the election, and there have been a lot of bets placed on companies in industries that might benefit or be hurt by a trump administration. But the recent surge in small and microcaps shipping stocks have defied a lot of market logic. The question is, what is fueling this parabolic move and traders are offering a multitude of theories on why bulk cargo shippers could be seeing brighter days ahead. Could a Trump Presidency lead to a surge on spending on things like roads, bridges and other Infrastructure Projects if that were to ha
Sectors have been red hot with home prices rising and auto sales near record levels but now there are new concerns about how long it may all last. And today worries about a Global Supply glut of oil crept back into the Energy Market sending domestic crude tumbling. First, housing. The good news, well, new home sales rebounded in february. The Commerce Department reported a 2 rise last month and januarys sales face was revised higher. Now for the bad. Most of that gain was concentrated in just one region. Sales in the west surged more than 38 but plunged 24 in the northeast. Nearly 18 in the midwest. And 4 in the south. And this skewed data may signal an unevenness in the Real Estate Market heading into the key spring selling season. Diana joins us with more on that. This is a big month for home sales. What does the data say about the state of the Housing Market . Reporter well, it says its coming back very slowly, sue, but in fits and starts as you said. You point to the west, we have
Home prices rising and auto sales near record levels but now there are new concerns about how long it may all last. And today worries about a Global Supply glut of oil crept back into the Energy Market sending domestic crude tumbling. First, housing. The good news, well, new home sales rebounded in february. The Commerce Department reported a 2 rise last month and januarys sales face was revised higher. Now for the bad. Most of that gain was concentrated in just one region. Sales in the west surged more than 38 but plunged 24 in the northeast. Nearly 18 in the midwest. And 4 in the south. And this skewed data may signal an unevenness in the Real Estate Market heading into the key spring selling season. Diana joins us with more on that. This is a big month for home sales. What does the data say about the state of the Housing Market . Reporter well, it says its coming back very slowly, sue, but in fits and starts as you said. You point to the west, we have to remember this is february so
Its going to be a great event. We thought it was a little too much. We are hoping 150 and 170,000 so all of our guests have a great experience and hotel rates are not too expensive. Over 3600 companies thats up from 2. 24 million in 2015. Its going to be spectacular. More excitement and more different categories than ever before and its the future. Its a show where the soling problems, reallife problems for the world, its about healthcare, its about transportation, clean food, clean water, greater food production, we are solving big problems with technology. We shift to a selfdriving car. This is our future. This is the dynamic excitement that this industry and the free market and innovation provide, and how could we as policymakers insure that the United States stays at the lead. Others are coming from other countries saying how can we capture that lead. The chinese, they have a fiveyear plan that focuses on innovation and patents. France will have over a hundred exhibiters there, and