Stock hitting what . An alltime high ahead of its investor day next week, despite all the obstacles that face its parks and movie businesses weve got those details. Look at disney run and later the director of National Intelligence says china is the greatest threat to the United States and wall street may be getting stuff in the middle of the war of words we will explain as power lunch begins right now thank you, ty. Record highs across the board including the russell small cap two 2000 lets go to dom chu. The composite index is still up on the yeartodate basis offer the last few months, the gap or difference between the dow and s p has stayed relatively constant. Still, though, the s p up 14, the dow up 5 to 6 on that yeartodate basis looking at other trends in the markets today, look at shares of caterpillar. One of the bigbigg egebiggest ie biggest contributor. Caterpillar shares up 4. 5 we put a gold star up there as well one of the other things that were watching right now is what
He is expected as a virus numbers continue to spike around the nation to give an update on operation warp speed and talk about new developments in the race for covid19 vaccine. At the close you look at the numbers, the vaccine helps as well with upbeat corporate profit a rally not far away from a record high, it was flirting with the record, needed to be 470 but lost a little steam in the final minutes of trading, a strong day, the s p that is a recordsetting, closing up by 48point, as it settled in what appears to be the 23rd record close of the year for the s p 500 and we want to monitor the smallcap stocks today and the russell 2000, the russell closing in record territory what is significant for the smaller stocks, the first time in more than two years we have seen a wrestled record, the s p up in the second straight week, adding more than a thousand points. We canoes and big tech brought the nasdaq into the red, those are your numbers as we come to you on a friday, im connell mcsh
87, the s p 500 is up 10. 5 this month the russell 2000, the biggest ever month live oly outperforma small caps that sort of sets the scene for us your note today to our producers to me says everything, bryn. You say, yeah, were overbought, the market is technically ahead of itself, 200Day Moving Average but wed be buyers anyway yeah, you summed it up perfectly. I think to give some perspective around that, when youre looking at technicians or technical calls, the 200 Day Moving Average, over 90 of stocks in the s p are over their 200 Day Moving Average when that number gets above 80 , thats typically a time to take a stand back as a trader as an investor, though, as we are, you want to take a look at that and say, hey, if we get a selloff, which im sure well get because thats just the price of admission for being an equity investor, we absolutely want to be in stocks because what are your alternatives cash or bonds . And both of those offer you no yield and so we also think that next
Forecast. We will bring you that interview with the ecb president. And the ax falls again at goldman. The bank prepares to cut jobs for the second time in three months as the focus returned cost cutting. Very good morning, everybody. Welcome to the program. Lots of breaking news to get to. Lets have a look at some of these numbers coming through. Have the numbers coming through from the shipping business which transports 1 5 of the worlds containers so really interesting insight into the way the Global Economy is spinning and the shipping industry in particular. We are getting the numbers through. We already heard from them last night about how they were upgrading their guidance, raising their fullyear guidance so that already sets a positive tone. They said they will initiate a new Share Buyback around 10 billion danish krone. That program will run for 15 months. E will be speaking to the ceo that is the conversation at 7 30 u. K. Time, so in around 25 minutes time. Let me get to some
Classical tradition and civic design. We believe that tradition is unparalleled in its dignity, beauty, and harmony. It is no accident that the Founding Fathers chose the classical style when joining its core government. The democratic athens and they knew that classical architecture was time honored and timeless. The National Civil arts society continues for the Nations Capital and federal design generally. I perhaps dont need to tell you that since the 1950s, washington dc has been marred and disfigured by central buifedera and memorials that do not comport with the classical heritage and identity. There is the hersh horn society, and there is the fbi building that i call the ministry of fear. At the same time some of our National Memorials are not only not classical, but they do not reflect the view of the subject commemorated. For example, the Martin Luther king junior is secular, a socialist realist work that failed to include his most famous lines such as i have a dream. The memo