It is showing how much power these businesses have to move the index in one direction or another, outweighing technology. As we look at the valuations 2000, the big underperformer today, relative to the median forward valuation on the s p 500, the ratio looks ugly, we are back down to the lowest we have been. I dont know if that is the denominator of the s p 500 continuing to decline. It could be both of those. It has been a downward trajectory, and we have yet to see it. Calls forwe have got questions to be asked of our guests as well. You are a growth investor. There are queries from viewers whether this can be sustained. We have been talking about the heady heights and valuations. You think the nasdaq 100 may have hit a wall here, or can it pull higher . I think we can continue to go higher for no reason at all other than sentiment. As a fundamentally biased investors, you believe you need to have some cyclical rally that comes through for most of these sectors to come to fruition.
Germany. Where exactly. Was fun and learn a lot of our sculpture history. Travelogues extremely worth a visit. German car giant dimer agreed to pay more than 2000000000. 00 to settle emissions cheating claims in the United States to deal comes 5 years after german car makers were 1st exposed for widespread dirty dealing we are American Consumers are ready to forgive you for gas. Also want to show us jobless claims have dropped but tens of millions of americans are still out of work and waiting on more help from the government. German travel giant to we post enormous losses a day from receiving another lifeline from the government. This is the new business im paid for it from welcome to the show Darren Miller is to pay more than 2000000000. 00 to settle claims about emissions cheating in the United States the bulk of the money will go to u. S. Authorities but the further 700000000 satisfied to cover lawsuits from consumers revelations of widespread emissions forward among german Car Com
Tens of millions of americans are still out of work and waiting on more help from the government. The german travel giant to leave post enormous losses a day for receiving another lifeline from the government. This is a business im paid for and some welcome to the show daryn miller is to pay more than 2000000000. 00 to settle claims about emissions cheating in the United States the bulk of the money will go to u. S. Authorities but the further 700000000 to cover lawsuits from consumers revelations of widespread emissions fraud among german Car Companies emerged in 2015. Lets talk more about this with the Business Correspondent to in new york yes is this a good or a bad day for dire. Its always good for a company if you have a price taken to a dime though was prepared to earlier this year they set aside the money so in that respect its a good day on the other side its clearly comes as a time when every one of most companies of the world are in dire need of money all whats going on was t
Likely it is that huawei will get those licenses and the department of commerce wouldnt say specifically they wont get any licenses, they said they will review those on a casebycase basis you can imagine given the administrations crackdown now its going to be difficult for huawei to get any of these licenses from the United States to use this type of technology back over to you. Eamon, its jon what this seems to me to be is something that introduces a lot of uncertainty into the Semiconductor Industry in general. I mean if you look at chip equipment suppliers, if they cant supply technology to one of their major customers, that has an impact on their ability to make money. It has lots of follow on implications down the line is it your sense that the administration is taking an initial stance and looking for room for flexibility and to negotiate or is this something theyre going to push forward in the Semiconductor Industry has to brace for well, we dont know for sure, jon. This is a pi
Of that will be technical selling. The bond market is a little bit unusual not so much happening in yields here, but in europe you are seeing pretty strong support. The time now for the market moving news from our new york team. We want to begin with china and that historic economic slump. Ae first contraction in backdated. We have our correspondent with all of the details. Mike it was actually worse than you expected, 6. 8 decline, the worst since they started reporting quarterly in china back in 1992. The economy has not contracted the fullyear basis since 1970s. We will watch that. One reason the numbers were not worse, if you look at the second number, smaller than expected, Industrial Production of on. 1 , factories returning to work. The problem for them is with the rest of the world unlock and there is nobody to buy their stuff. Consumers are not buying. Lockdowns were lifted but people are still reluctant to go out and spend. Retail sales down 15. 8 this is important because th