Earnings walmart going on a hiring spree. Home buyers are rushing for mortgages. Is the consumer stronger than you think . Power lunch starts now and welcome to power lunch, im Frank Holland in for Tyler Mathisen nike hitting an alltime high soaring 9 on a blowout Earnings Report Johnson Johnson also higher on its vaccine progress for more on whats driving the action, lets get over to bob pisani hey, bob frank, we are sitting at the lows for the day, 3,280 on the s p, about where we ended on friday and the problem is this seesaw in the megacaps and workfromhome names take a look at megacap, this is a down day yesterday was an up day. Monday was generally a down day. You get the idea hard time figuring out what the right values or prices this high same with the workfromhome stocks theres a theory out there that these will be beneficiaries of worsening coronavirus cases in the United States, maybe, but theyre starting to split. Theyre not always up on the stays when some start moving on
We were up 1,000 points on the d dow. The s p 500, 3202. Nearly 3 there. Theres the nasdaq 9817 200 points to the upside josh brown, the dow is now 50 higher than it was its up 50 from march 23rd intraday lows its remarkable. It really is. I think the story here, and aye be ive been hammering thanksgiving is broad participation. Every sector youll see the Smaller Companies out pacing the larger ones. Very big story this week is Small Cap Value which had been absolutely left for dead made a 30 recovery in the last month. I think the bottom may have been when baa rrons called into queso whether dimensional funds would be a fund giant for much longer given thats one of the factors they weighed toward. Small value up 13 this week we talked yesterday about the equal weight nasdaq being twice as good as the nasdaq on the week you can find that all across the board. I think its so important. If you want people to really buy in to this recovery then it couldnt just be amazon, microsoft pushing
All starts about 8 30 a. M. Eastern time it is the busiest day of earnings season bringing you reports of 3m, hershey and more like comcast september durable goods orders and the latest read on home sales. Tesla shares soaring. Earning 1. 86 per share versus a loss of 1. 82 per share they have reported producing 300,000 vehicles the company saying it is ahead of schedule with its new giga factory in shanghai and on the long awaited model y cross over and expects that launch by next summer what ceo elon musk said on the Conference Call for demand of electric vehicles. When flat screens came out, it was a big step in demand because now getting a flat screen was much better than having a small crt screen tv weem see the same thing instead of just buying a car because their last car wore out, theyll buy and electric car because it is fundamentally a better car. Big numbers for investors to a large degree on prediction of when this motdle y will come and when this factory will be on board.
Now without charge. Hello and good morning a. T. M. This monday the 26th of august here in moscow im kevin owen he was the world news update from out international and the focus 1st this morning was printed last few days in the south of france where irans foreign minister made an impromptu visit to the g. 7 summit in southwest france sunday apparently catching the leaders of the worlds top economies off guard with his visit Mohamed Zarif met for talks on the crisis in the persian gulf right now with president Emmanuel Mccraw and his french counterpart on the sidelines of the 4 lets go straight to paris because this bit more detail shall is there morning to you what we know about visit and what was the reaction to it sent to a lot of people by surprise than it. Yes absolutely. Yet another busy g. 7 summit in spite that ideal setting in the south of france it was one g. 7 summit that hasnt gone without its own controversy well most of the leaders with there are no looking to get accords
General Public Comment at this meeting and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by call in. For each item the board will take Public Comment first for those in person and from people attendeding the meeting remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26638831727 then and again. When connected you hear the meeting discussions, but will be muted and in listening mode only. When your item of interest comes up, press star 3 to be added a the speaker line. Call from a quite location, speak clearly and slowly and turn down your tv radio or computer. City policy along with federal, state and local law prohibits discriminatory conduct and will not be tolerated. Public comment is permitted on matters within the jurisdiction of the meeting body and thank you