Economic front. P equities, that is a lie, calculated it. He said after 10 different quarters of gains in the s p was always followed up another 5 to 10 gain in the next quarter. Having off the strong secondquarter boats well is well. R bodes positive quarters could still lie ahead. Romaine referring to pd, one of the many people behind the scenes who keeps this program looking smart and feeling smart. Eaton vance codirector still with us. Thank you for being patient. Talk to me about volatility. We have seen the vix come down from the highs. It is not back down to precovid19 levels, but definitely there is a lot of calm in markets i think would be an encouraging sign. Absolutely. We started the year only looked at the vix, someone called it we began as a teenager and it quickly began to be over 80 over a short time. We are looking at this 30 level, that is good because it bodes well for the sentiment and calmer markets and individual idiosyncratic stories. That being said, i think the
A very warm welcome its 11 am here in moscow and youre watching off the international with me the key erin our top story this hour china has approved a bill to impose its security low in hong kong its off to the autonomous territories and Legislative Council failed to pass similar laws because live to aussie sauce to tell it for more now saskia whats the reaction in hong kong to this. Well with current of ours dominating the headlines since february many of the stories have to fall into the wayside but one making a comeback as the wild dogs return to normality the hong kong protests are now up to several months of response they still serious scuffles came off to thousands of protesters took to the streets on wednesday the day ending on a really sour note with around 300 arrests and Police Using Pepper Spray bullets because they suspected that some of the protesters had weapons including petrol bombs. Ok we know that anti China Sentiment has been building in the region for almost a year
Relatively good news out of new york where hospitalizations continue to decline although there is a spike in deaths in the state. The governor is worried, outlining for folks the idea of a staggered reopening of the state. Only 45 minutes after new yorks mayor bill de blasio was saying look, it is looking like june. That the city will not be able to open up before june. That was not exactly worthy after fox news or fox business alert. No shocker there. A highranking mayor of the city was making it official all you needed to hear, wow, this whole comeback for the economy which cant get any robust way without new york kicking in is not likely to happen. So that is kind of been pulling and pushing at investors today. Jackie deangelis has more on all of the above. Hey, jackie. Reporter good afternoon. Good to see you, neil. Thats right, the market is paring the losses right now. Youre right stocks are kicking off the week in the red after a very strong week last week. Investors are cautiou
Weve got record highs, dow surging. S p gaining. Nasdaq 1. 06 texas earnings forecast and yesterdays trade deal with china. At the same time individual companies are taking action to fight Climate Change in a way thats unprecedented these are issues that could hurt earnings per share yet the market doesnt seem to care. The market seems to like it. Its insane. For my entire life, especially the last 40 years, you have companies doing anything they could to make a profit and the government working to restrain them. It was the government that forced big business to care about clean air and clean water. Thank you richard nixon. We took it as a given companies would try to get away with anything they could to maximize profits for their bosses the shareholders this endless cost for growth, wall street didnt care at all it was amoral. And if you want to be a good investor, you ordered this stuff. But in eamon yumtal twist weve seen a shocking paradigm shift suddenly capitalism is trying to re
Talks about the primary history and the state of politics there. After that, Prime Ministers questions from the british house of commons. Forum withs iowa president ial candidates talking about money in politics. Host joe mcquaid, longtime publisher and editor at large of the New Hampshire union leader. We will spend an hour talking but the history of the New Hampshire primary. Before we get into history, lets talk with the current one. Michael bloomberg is not competing in iowa or New Hampshire in the early primaries and committing lots of money later on in the process. What does that do to the relevance of your primary . Guest there are all these questions about the relevance of the New Hampshire primary, dating back to its mundane beginnings. People are not going to campaign, they are going to spend a lot of money or they are not. The short answer is i dont know. There are 10 or 11 serious candidates for the democratic nomination, and he is blowing by the early ones and thinks he ca