Value and cyclicals are doing better than tech tech just in the red energy and financials at the top of the pile. Stephanie, are we getting a rotation, the start of something that might last a bit longer than it has done ever before well, you know my position. I own a bit of growth and value. Im hoping value has its day in the sun. What you need for value to work is better growth and also a higher expectation for inflation. While we are Getting Better growth sequentially. Youre not getting anything close to inflation look at the ppi numbers today. I think this is why a barbell strategy makes sense people will still want secular growers that can participate many some very powerful themes you want to be price selective but you want to have exposure there but exposure to the cyclicals if you believe the growth is going to improve and that will lead to inflation. My supply is up 25 year over year thats a big number. That will come home to roost, i think. One last point, i would say on valu
Happening today, more businesses are now close in Santa Clara County. Some just reopened days ago, lets check in with kron fours reyna harvey who is live in Santa Clara County with an update this morning, robin you know when businesses first got word of this new round of closures a lot of them were completely caught off guard. I was talking to some of them at the beginning of this week and a lot of them have spent all this time trying to get everything open just to turn around and have to close things so they had to quickly jump into action like you mentioned a new round of closures including a barber shop behind me here salons along with churches and gyms now again on monday we saw a whole nother round of closures that spread throughout the state of california that included breweries movie theaters bars. Now this is all in compliance with governor newsoms order that was issued on monday. So not a lot of time for these Business Owners to try to get things closed before today. We also s
Now, maybe a 50yearold is, mike i dont know. Lemonis bull[bleep] if i cant figure out whats fueling this mass exodus. But i dont think 15yearolds can pay that much. And what do you pay in rent . When they quit, theyre basically saying, youre fired. Mike 3,250 a month. Lemonis oh. Kota longboards will come up short. Thats not bad. Mike no. Not bad. My name is marcus lemonis, lemonis this whole factory is yours . And i risk my own money to save struggling businesses. Mike no. We share this with the Furniture Company over here. Lemonis okay. Were not gonna wake up every morning mike its owned by our landlord. Lemonis how much space do you actually have . Wondering if we have a job. Mike we have 3,000 square feet. Were gonna wake up every morning weve been out looking at properties. Wondering how many jobs we have to do. They said, were not gonna extend your lease. Its not always pretty. Lemonis when is the lease up . Mike march. Everythings gonna change. Everything. Lemonis so, you dont h
Struggle just to keep up. Look. I think that all of these have one thing in common. They all believe that the future is a little bit better and a little bit faster to come than many of us believe it is rather remarkable to see a consensus overnight from companies that basically say, you know what . Darn covid full speed ahead that includes boeing boeing has what i regard as being a very bullish scenario involving good cash, involving the possibility of returning to much more flight in, lets say, the next year. And even after 1,600 flights of the 737 i dont think theyre going to call it maxx anymore i dont know i think were growing to have a hard time keeping us down today unless faang keep us us down because the hearings go badly. We have a couple of guidance. Ebay the other one that raised guidance. Starbucks had a lot of things to say analysts recommend stocks its an exciting time. In a lot of ways, youre with a tesla call it turns out tell la sla is goi be a big car company thats no
Back after the recess. Buschon, thankry you. Guest thank you for having me. Host that will do it for us today. We are taking your life to the house floor to gavel to gavel coverage. The speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers room, d. C. , july 1, 2020. Hereby appoint the honorable Henry Cuellar to act as speaker pro tempore on this day. Pelosi, speaker of the house of representatives. The speaker pro tempore pursuant to the order of the house of january 7, 2020, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties. With time equally allocated between parties and each member other than the majority and minority leaders and minority whip limited to five minutes. But in no event shall debate continue beyond 9 50 a. M. Recognizes the gentleman from california, mr. Panetta