in the early 70's. further electors that i would say. -- the ninthe amendment represented the critical power that women had the vote. the 90 the moment is unimaginable without those voters in the west. theas important because of modern gender made a claim men and women were much more alike. it did admit millions of women to the democratic citizenship. it did not franchise all american women. millions were still kept from the polls in 1920. it left citizenship untouched it breaks to office in which we do not have time to go into. it helped to expand the scope of the federal government itself. the infancyoned act. expand the purview of federal government. one of the reasons why the congress was so reluctant to pass this is because they did not have a president for that. the fear of women voting as a block help command the scope of the central government. think we would also like to say it laid the groundwork for the next amendment. it helped introduced the equal rights amendment which would be a controvers

not so much in the 1960's. the counterculture of the 1960's is beginning. the counterculture of the 1960's begins with political change and that fails, and then social change which also takes place in terms of race and gender but is -- doesn't entirely succeed. cultural change is really what is the legacy of the 1960's. counterculture had a lot to do with that. a sociologist defined and created the word counterculture to describe a culture that was opposite mainstream culture. not everyone adopted the same ideas, but enough people over time in the 1970's, 1980's and 1990's came to adopt new ideas so the whole culture changed as a result. i will talk about the legacy. i want to start by going back to the beats and the beatniks. the first postwar critics of american society and culture and been the beats. they were criticizing america and the aftermath of world war ii. they wanted to create a revolution in expectation. the beats, the original beat writers, believed american society was very repressive, especially sexually. in advocating hedonism, they were try

, into the 1940's. the supreme court issued a decision that said no more peace shenanigans. each state has to extend the vote to indians living on reservations. 8 several of the states, arizona, utah and new mexico, took a long time, years to expunge from their laws the bar voting by native americans, native americans were kept by poll taxes and unfairly administered literacy tests, which brings us to the largest group of american women. african-american women in the south. many of you will know that in the earliest 20th century in particular, southern states begin to disenfranchise african-american men who have been voting in their states and serving in congress and serving in state legislatures and ruling cities. that begins in the 1890's. southern states began to disenfranchise and take votes away after the civil war. they were disfranchised by many means. one was by the poll tax. they tend to be poor. they have trouble getting up the money for poll taxes. there were unfair literacy tests. make sure e

they understood the dangers of heroine in the 1960's than in the 1940's. hippies turned to the psychedelic drug, lsd. it had been invented accidentally in 1943 in switzerland by a chemist name albert hoffman who worked for a drug company. drop on his wrist, then rode the bicycle home. the world's first ellis the trip , he practically fell off the bicycle. this drug is really potent, we need to research this further. the manufacturer, the world's only manufacturer supplied's free samples of lsd to researchers all over the world to try to figure out if ellis he had any use at all. a purpose for a purpose for it, they can make a lot of money for it. it was for a time in the 50's that they thought ellis he might lsd mightto treat -- be useful to treat mental illness. that was not true. they also thought it would be a truth serum. discovered this did not work either. -- 1960's, the number of people in research purpose islsd has a beginning to dwindle. that does not mean it does not have a purpose, it is just not a scientific or medical purpose. it is just fun. m

the 1960's. he talks about lsd and the prevalence of drugs in the hippie culture. today we will talk about the counterculture which many people have associated with the 1960's, one of the major aspects of the 1960's. radical politics have clearly faded away and social change against certain limitations. legal segregation disappeared. americans became more tolerant. whichid not disappear, many in the 1950's and 1960's hoped that it would. relations also changed. women and men came to realize the differences between women and men were not repealed i simply declaring women and men were equal. would notomen necessarily see things the same way. were clearly cultural changes. many had to deal with the counterculture. the word counterculture was invented by a sociologist, and it means an opposite culture of mainstream. unlike the political and social challenges, the cultural challenges tended to stick. americans really did change cultural values and practices in the 1970's and 1980's and beyond. not so m

the 1970's and into the 1980's. but it is really easy, at the time, to see the impact of writers like donald kehoe who see a conspiracy, silenced, but not necessarily a nefarious conspiracy of silence. by 1952, the same here is that true magazine is debunking scully, life magazine leads with a big front cover splash of marilyn monroe and the headline -- there is a case for interplanetary saucers and life comes down hard in that issue to say that they think something probably is going on with ufos. marilyn monroe and the headline less concerned with credibility but no less influential in putting these ideas into the american consciousness is the glut of alien invasion films in the 1950's. of course, the classic invasion of the body snatchers but also the invasion of the saucer man, killers from space, earth versus the flying saucers and more. and there are a couple of interesting elements to be brought out from these films. not the least of which is a lot of them deal with aliens either taking control of the minds of

those were the early days of 401(k)s. rates were about 13% when i got to goldman sachs in the early '80s so much cash was flooding into the stock market it was inconceivable to envision a time when money would flow out of equities. instead, it's a one-way street yet, i can recall working with a really wealthy individual who ran a shoe company back then he called me one day when his company had just been admitted to the s&p 500 at the time, it was considered to be a great honor, a sign you had made it, that your enterprise was thriving. but he called me to complain about something that seemed darn ridiculous at the time but turned out to be quite visionary. he worried all of his hard work could be for naught if the s&p 500 futures went down in value i said that's ridiculous his company's stock would stand on its own merits. the very idea that this tail of the s&p 500 could wag the dog of the individual stock was fanciful he disagreed and said there was always be an acquirer lurking waiting for a stock to trade down in value

that take root in the 1950's. we can talk about religion and culture. we can talk about some key political pivots. they are all important. the bottom line is economics. in the 1950's, we see both independent and major oil looking ways to buttress their own corporate survival at this time. i would like to give you a snapshot of two important initiatives. both of which, but especially the first one, aramco, we will discuss at length on wednesday. these are economic initiatives that demonstrate the entanglements of religion with oil and the politics and global initiatives that are going to arise from that combination. the first of these is aramco, this takes us back to william eddy and the arab agenda of the 1950's. as we saw, with accelerated interest, american oil exploration will take place in the early 1930's, 1940's. formalized in 1945. in the years that followed, chevron and texaco will send their workers to saudi arabia to work for a company that is now called, as of 1944, aramco. the arabian american oil compa

in the 1970's, the collection was re-catalogued. and again in the 1990's, it was re-catalogued. for larger purposes, to be able to do different things. the later catalog is a much more efficient catalog, much better system than the one northington had, but can you see the problem? they are disconnected. the impulse behind the catalog that exists now is not necessarily an archaeological impulse. it was very difficult to work with. when we walked into this, the first thing we had to do was basically play a game of rosetta stone. we have got one group of language, another group of language, but i need a third group so i can translate one to the other. we had to go back and marry the different records, make them speak one to the other. part of our plan to make sure we got it right was to build in 50 different checks after the fact so we could say, i want to find the subject, it should be in x context, let's see if we were right. we were playing games to see of our system worked correctly. we used excel, changed the numbers to nonrepeating numbers, and off we went. we created a massiv

they formed an organization in the early 1990's. they have been organizing in california since the late 1970's. they are a relatively small group, but they are important for two reasons. , as gayt is that republicans, they face a lot of challenges over the years. they have been working for almost 40 years. there is something that i find interesting. the other thing is, base see gay ashts and conservativism mutually reinforcing. they are not just gay and republican, they see those two things as interlinked, which would not have been possible without a rise in the 1960's and 1970's and the gay right movement -- gay-rights movement. >> what are their golden strategies? >> they are in educational organization. they believe in a two-part strategy. --y argue that if lgbt voters are only democrat, then democrats will take advantage of them and ignore them and the republican party will do its own thing altogether. they work really hard to convince republican voters and policymakers for lgbt equality and convince lgbt voters to vote republica

the blue line shows the s&p 500. white line shows the s&p 500 adjusted by the bloomberg dollar index which is near 15 month lows. it has been flat this month. go to the far end. it has been falling since early march. weakens, prices go higher. there has been an artificial look at the s&p 500 without a more interested value addition. euro, i am looking at the the euro swiss here. this with saw the biggest weekly decline in two years. look at the chart on the right-hand side over there and you can these stocks there in euros with -- euro swiss. though the reasoning there. -- loads of reasoning here. in light of what we are seeing post french election, we could see the ecb retracing him of that stimulus policy before the swiss national bank. that is pushing -- putting upward pressure. in the red, risk reversal pressure on the top side here. joe: the swiss a classic safe haven. another safe haven is gold. here's another interesting chart. this white line is the ratio between copper and gold. the teal line is the 10 year y

if you look at 2010, yes, the s&p 500 at a huge rally. ou get out, you would have missed the multiyear rally. this is not a one-your development. this is a multiyear process. you brought is this really interesting chart that compares emerging markets currencies -- that is the teal line heard that fell a lot through 2016. improved, but not huge. there has been significant tightening in the swaps. much less concern about credit risk than there was a few years ago. as you point out, there is a disconnect where currencies do not seem to reflect the improving reception -- country's of the value. >> yes, and that is important. the countries relative to be bond, to the cds, offer compelling value. joe: is the best way to play it in rock currency or foreign-currency debt? what is the best way to play at? >> the best way to -- >> the best way to play it is in a diversified approach in local currency bonds. em currencies to rally. just as a quick note, there are positive things happening in em, but negative things happening with the u.s. dollar. jul

other things are there from the 1720's to the 1760's. we just don't have it. i think that thing we cannot say with certainty is this, we have to be more cautious and say this is how we talked about it, but the evidence is pointing a bunch of different degrees. the whole point is to be working, understanding, building interpretation and moving forward. trying to get the best answers. i'll have percentages of certainty except at the micro level. second question is, how long has that building been called building x. prof. levy: i am putting that story to the side because it has been talked about and could take forever to outline. there is a lot of politics. becausel it building x of the wakefield association already claimed the name for the birth site. things --all sorts of they would not say we are calling this the birth site, we are now at war with the foundation. they came up with this careful term to avoid the accusation, that they were making but hid that accusation. great spy movie title. [applause] maxwellvy: it's like smart will somehow come out and -- out

comparative charts what you have u on top is the s&p and on the bottom is s&p 500 energy and the first one is year to date. that's no joke next chart is a one-year chart again, we see where the divergence took place. next one, a bit further. it's about this current, very sharp decline. we're going to focus on that in more detail. keep going okay long-term. look at this at some point, and that's kind of you know, either the last -- going to get worse or maybe with a little luck, this is going to be where you can get a move. now, ten-year chart. so quite clear we have this, where they start to diverge and you know, i tried to resist the temptation to think it was cheap. i'm falling into the temperature kags or this is going to be right. let's zero in on the here and now. all right. so this is the s&p 500 energy sector. and it's a well defined series of lower highs, lower lows, lower highs, there's no other way to characterize. now here's the seam short. the period we just looked at yes, the straight down, very -- seven month decline and relative performance to the s&p meaning it's on abs

cumberland and winchester last hour were in the 50's now the 60's. u why they're on the rise, there's not a it's gorgeous across the region, lots of sunshine, due points falling into the 50's north and west hanging on to low to mid 60's, those will be falling too, it will feel extreme pleasant, today is your day to get outside and do whatever you want to do, only requirement through the sun screen on. lots of sun, 87 this afternoon, actually a couple degrees below normal enjoy the low humidity while it lasts, because here's what's coming our way, what we call a two-faced high pressure system, northern and kind of eastern sides of it stay on the cool and warm side, but as we get into this work week, it will slide to our east. we'll get the return flow, that will heat us up, 90's and we're not talking low 90's, we're talking a potential for mid 90's. in fact, we'll get right to it. fox 5 accu-weather seven-day forecast show you exactly what we're talking about heat-wise. 87 today, again, enjoy it because look what's on the way, 91 by monday, humidity st

ok, we will get into the 1990's. boomers becoming central to the conversation again, the looming iceberg that will crash the system one day. now the eternally youthful generation, baby boomers, you cannot hide it anymore. you are getting older. the aging ofn uses aquarius. i like it as a title. you see the pursuit of the fountain of youth really kicking in in the 1990's, because baby boomers are getting into their 40's. researchers and marketers recognize it as a huge opportunity and you are also looking alzheimer's research kick in as the epidemic begins around this. today.lion have it and despite all of this, people do not understand what it is like to be older. studies show the third active life is usually an opportunity to grow, focus on oneself and let go of insecurities, that is what is coming out in the research. it is important to have a positive outlook, that is huge and undervalued, that one is only as old as one feels. you have a lot of power to shape how old you are in some respects. so here we have the de

comparative charts what you have on top is the s&p and the bottom is the s&p 500 energy the first oneyear to date. that's no joke okay, moving on. next comparative chart is a one-year chart again, quite shocking. and we see where the divergence took place it really started to get going about 12 months ago. next one pulling it back a bit further, same general circumstance. it's all about this current, very sharp decline keep going okay, long-term, look at this. at some point, and that's kind of -- again, the last guy to get into the trap and it's going to get worse. or maybe with a little luck, this is going to be where you can get a bit of a -- ten-year chart. it's quite clear we have this, where they start to diverge and i've tried to resist the temptation to think it was cheap and make the buy. either i'm falling into the temptation or this is going to be right i want to make the bet with energy zero in on the here and now. so this is the s&p 500 energy sector and it's a well defined series of lower highs, lower lows there's no other way to characterize it. if you draw trends, it's

the temperatures this evening in the 80's. waking up to the upper 60's to the lower 70's. we will warm it up to the upper 70's to the lower to the middle 80's. we will have a better chance of thunderstorms. by 8:00 or 9:00 tomorrow we will crank it up with the heavier rain. this will go into this is dry in the morning. we move through the afternoon, the showers and the thunderstorms begin to blossom. then is rain is heavy tomorrow night. areas in red and the orange are the heaviest rain. it will continue through tomorrow night. by early saturday morning if you have the plans to go to the pool, probably not looking so great. at least not at this point. how much rain? we could see one to three inches. weekend outlook quickly. 74 on sunday with area of rain. nancy? >> thank you. >> after a former aide to congressman debbie wasserman schultz arrested trying to reach the country, some wonder who is screening the staffers? that's next. larry: who is screening staffers? we explain. >> new questions about the staffers on capitol hill awful a former staffer who worked for several ho

molly: the summer sizzle continues, feels like still in the 90's. we are in the upper 80's. hagerstown and leesburg, 97 is what it feels like in quantico. really no relief from the heat and humidity overnight and for the next couple days unfortunately. we are in the upper 90's friday through the weekend. factoring in the dew point, upper 60's, low 70's. we are talking about feels like temperatures in the triple digits. affect the next couple days. stay tuned for a look at the extended forecast, coming up. tomorrow we will know with o.j. simpson will go free. michelle: it is up to his parole board. they could let him go after nine years in prison. he was sentenced to more than three decades behind bars for a casino heist. there are six commissioners on the board. he needs four of them to vote in his favorite to be granted freedom and he is expected to get it. he is 70 years old and even the victim of the case is slated to speak in favor of simpson's release. if it goes his way, simpson will not walk free until october 1. they say that simpson has demonstrated good behavior whi

mostly clear at 10:00. 11:00, temperatures will be in the 70's. 'll talk about the weather headlines, it stays warm on sunday and the humidity certainly won't be a factor like it was this past week. we also will reintroduce the threat of showers and storms next week and the 90's are making a come back. details coming up with the exclusive accu-weather forecast. walter. >>> one person was arrested after a are pedestrian was struck at the tail end of a police chase today in atlantic city. started just before 3:00 p.m. when police were pursuing a vehicle that was stolen in pleasantville. that driver of that vehicle struck a woman as she was getting out of her car at new york and atlantic avenues. the driver has been apprehended. the woman was taken to the hospital with nonlife-threatening injuries. >>> three employees of a domino's pizza in new castle were locked inside a walk-in freezer early this morning when a pair of thieves helped themselves to the restaurant's cash. police say the two arm men 2004sed their way into the restaurant on 1200 block o

temperatures are in the 70's. high today only 79 degrees with the clouds and the showers but the dewpoints also in the 70's. very close to the air temperature so our air is practically saturated but the dewpoints will be dropping a little bit over the weekend. it won't be dewpoints in the 40's and 50's like a couple weekends ago but we're looking at dewpoints generally in the 60's so that means it will be a little bit on the humid side put not oppressive like today but then next week the dewpoints start to rise as we head towards the middle of the week and temperatures also will be rising. so, tonight the storms from the south will be ending. it will remain humid for the evening hours. 66 in the suburbs. about 72 degrees for center city. tomorrow a warm day, less humid than today with a mixture of clouds and sunshine. more clouds in the morning, more sun in the afternoon. really a pretty nice summer day. 87 in philadelphia f-85 in allentown. cape may 84 and wilmington 86. so, if you're down the shore, it's stormy

but that industry went away in the 1970's and the 1980's. they had to reinvent themselves. it is the example of a place that is kind to do that. there are many others and they are in different stages. but the central idea is that it the rusto write off belt as part of the old model of manufacturing. but what made it the old model of manufacturing may be what makes it the power the future. the idea that we could be producing everything overseas and importing it and that america makes nothing anymore, that's not really true. host: you point out that you focus on akron, ohio.in your story a century ago this was the rubber city. in thenufacturers left 1970's and 1980's, depleting the population of the expertise. akron sits in a region that is a industry.tics but like many other rust belt cities, akron has a workforce that is increasingly involved in services. manufacturing continues to decline with thousands of jobs shed since the great recession. is this idea of a brain belt, is it taking hold? if so, is it fast enough? guest: the answer is that it is taking hold. cities like a

comparative charts what you have on the top is the s&p and what you have on the bottom is s&p 500 energy the first one is year to date. now that's no joke, okay moving on. next comparative chart is a one-year chart again, quite shocking, and we see where the divergence took place. really started to get going about 12 months ago. next one, pulling it back up a bit further. same general circumstance. it's all about this current very sharp decline. we're going to focus on that in more detail. keep going long term, look at this. i mean, at some point, that's kind of either, again, i'm the last guy to get into this trap, it's going to get worse. with a little luck this is where it's going to be -- now a ten-year chart optically it's quite clear we have this where they start to diverge and i tried to resist the temptation of thinking it was cheap and make the buy either i'm falling into the temptation or this is going to be right i want to try to make the bet of energy let's zero in on the here and now. this is the s&p 500 energy sector and it's a well-defined series of lower highs, lower lows

the next one is steve madden. s interesting. i think we're all very well aware of what's happened in retail land. and these guys, the stock has really stood out. it's held up really well in a difficult retail space and these guys have trend right product and are taking market share and you can just look at the stock. they're definitely bucking the trend in what's going on in retail land today. >> and finally, hopefully i'll pronounce this correctly. an logic. alog. this is really top of mind considering what's come out of homeland s in talking about an insecurity measures at airports. so, these guys make baggage screening devices. their legacy business has been the check baggage side, but they've taken that same technology and have put anytime a smaller box so now, you have to ability with these newer technologies to screen your carry-ons and the nice thing about this is you don't have to take your liquids, your gels or aerosols or laptop of your carry on bag. the goal is to speed up the security check in process, which i think w

these things were not thrown out from the 1780's. the date from the whole deposit is 1780, and we know this was in the 1760's. the humphries were treasuring this bowl. it may not have had political significance -- we don't know -- but it obviously had some significance. it was special. imagine that we were able to find the perfect artifact for the museum of the american revolution. i mean, i just could not believe that it could happen, so we were very excited that it happened. with michelleed erickson, one of the premier ceramic artisans and historians who specializes, among other things, a doing very accurate archaeological replicas . hand-threwrough -- and decorated this bowl to give you an idea what it would have looked like when it was sitting on the shelf. rebecca: but there is something different about having the real thing. to say this was really there in -- humphries' illegal scott: speakeasy, i would call it. rebecca: speakeasy. that is what she was being arrested for, running that. so we don't know. incidentally, this beauti

the temperatures are upper 60's to the middle 70's. a lot of sunshine tomorrow morning but then it will fade in the midday hours and bring us a better chance of showers and thunderstorms. highs will make it to 92 degrees. we stay in the middle to the upper 80's to 90 for the rest of the week. and into the upcoming weekend. tracking a timing, the showers and the storms for tomorrow. all you need to know for the fireworks coming up in a few minutes. jonathan: see you then. thank you. right now skytrak7 is live over the beltway where two lanes are getting by on the inner loop between connecticut avenue and georgia avenue. that you can see the traffic seems to be moving. if we were to pull out, you could see a line of cars. maybe you weren't stuck in this and maybe you had the day off. a tractor trailer flipped over. you can see the clean-up still going o lanes reopen. nancy: developing now a family says they know someone had to have seen something. now they hope whoever it is will come forward to find the person who shot and killed a fathe

we're going to go back to the 90's. y the dog days of august moving in right on time and you know today a beautiful day, sunshine and that humidity remaining on the low side. right now allentown 89 degrees, 88 in philadelphia, same for wilmington. atlantic city 87 degrees and if we put on how it feels, you're going to notice really not much of a difference. that's because of that low humidity, those low dewpoints but that is going to change as we start to creep that humidity back up over the next several days. but as we look at satellite and radar, high pressure in control and that high pressure voiding the area of a lot of cloud cover and that high will remain in control as we go into the rest of the week. so, as we take a look at your dewpoint scale here again tomorrow, staying on the comfy side, in the 50's but wednesday, thursday, friday you see it going back into the low mid and even at times upper 60's so that's when it starts to feel a little more humid and with the 90's it's definitely going to kind of put a swea

temperatures in the upper 80's to the lower 90's. tomorrow everything the models show we could look at the areas of flooding and that will coincide with a busy rush hour commute. we will keep you updated on abc7. as always, wjla.com. good time if you don't have it already, download the stormwatch7 weather app. alison: a bit of a mess. thank you. still ahead right here, a significant clue in the 80-year mystery of amelia earhart's disappearance. larry: plus, how a shoplifter held at gunpoint managed to escape and it's all caught on video. >> heading to downtown bethesda, pack extra quarters. i'm kevin lewis with the reason coming up. alison: a night of comedy on abc -- we'll be right back. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's up to 16 times faster than slow internet from the phone company. say hello to faster downloads with internet speeds up to 250 megabits per second. get fast int

we are anticipating drier air, the dew point was in the 70's yesterday. now we are the mid-50's. the dew point is in the mid-50's, that is the pleasant category. get out and enjoy the pleasant humidity on a july night, not something we get very often. something fun to do, harry potter this week, the 20th anniversary. wow. they are showing the film with the national symphony orchestra pulling the music at wolf trap, should be great. we slip into the 60's tomorrow morning, 87 tomorrow. without the humidity it will be great. put on the sunscreen. nats taking on the braves tomorrow, 85 at first pitch. 1:45 game, should be gorgeous, just ring sunshades. on thear 90 degrees come hotter side, but the humidity remains in check briefly. once we get to tuesday, we are in the mid-90's, wednesday and thursday as well. each afternoon we have a chance of an isolated storm. chances lateest next friday, calling us all for the following weekend. to get outside. kimberly: how old is harry potter? brian: 20 years since it first came out. kimberly: we are all officially old, even you. robert: yes, i

the bill it has drawn to firm knows. -- no 's. out of the hospital after being treated for dehydration in canada. he was volunteering at a habitat for humanity home building project in winnipeg for 90 minutes on thursday when he appeared to wobble, and was taken to the hospital as a precaution. he was probably return to the building site this morning. global news powered by more than 2700 journalists and analysts in 120 countries. i'm mark crumpton, this is bloomberg. >> the one weak spot my financials as they reported earnings. course we will get more next week. julia: the annual national governors association meeting in rhode island today, mike pence urge support of the gop health bill. they argued it would harm residents of their states by reducing federal medicaid funding. governor jay inslee echoes these concerns, saying senate republicans have outdone themselves with a health care plan that incorporates the worst of their worst ideas. governor ensley joins us now. a frustrated -- as frustrating the bottom line is the current

. >> ylan, thank you >> the s&p and nasdaq hitting record highs again today the session with the s&p tech index coming off that record-setting index yesterday passing the high set 17 years ago during the dotcom bubble. >> we sound so smart to be able to point out that narrow indeshit an all-time high yesterday. let's get to today's action. we include brian singer, macro allocation fund sitting here at post nine, yann art ra barton, and pete costa and rick santelli at the cme pete costa, is this market just in cruise control? all these things keep happening and the mark keeps marching higher >> there's people no longer in control of their investments i think that people are putting -- i've said this so many times and have to be blue in the face. there's money starting to chase potential price points on stocks that might be too rich and it might be in cruise control i think at some point there will have to be an allocation and people have to rethink about what they have just done because i'm not 100% believer that, you know, the market is always six months ahead i'm not sure that six mo

the best point boost for the s&p 500. oks like there is some by the p mentality.he di we have chip equipment companies receiving bullish mentions from and morgan stanley. turning to oil, one of the big drags on the markets today. we see oil is down nearly 3%, despite the fact we had that very bullish inventory report yesterday. investors and traders seem to be looking past it. it does appear to be a bit of a , so some aret taking profits heading into the weekend, and that is dragging on a wide variety of energy stocks. finally, this seems to be a theme -- tech up and energy down on the year. this is a year to. in white, we have technology, up on top despite the pullback that happened in early june. well outpacing the s&p 500 in blue, up 8%. down on the bottom, energy, down 15%. this sector rotation out of energy into technology. interesting to see how it all plays out after earnings season. joe: thanks very much, abigail. scarlet: you are looking at live shots of the streets in hamburg, germany, where protests are getting

the dow and s&p on pace for the best year since 2016. about 14% on pace for its best year since 2013. we have had some tech selling recently. it will be interesting to see whether that lasts. the russell 2000 lacking. small caps are considered to be a leading tell. the fact they are underperforming could be a signal. something to keep an eye on. as for the s&p 500 and technicals on what could be next, this is a one-year chart. we see a beautiful uptrend. the s&p 500. is holding the uptrend in blue. minor resistance in pink. testing the&p 500 50-day moving average in orange. if the s&p 500 stays above that and rises above the minor resistance, we will see it up above 2500. below the moving average it would not be surprising to see the s&p 500 moved down to where yellow.dat averag in keep an eye to see whether the bulls are the bears -- or the bears are in control. there is no upside left. this is a three-your chart. in blue, the s&p 500. forecast the average of strategists on the street. they plateaued at 2200 and took a jump up. is there

as the u. s. warns it will use force if asked to. the united states is prepared to use the full range of our capabilities to defend ourselves. and our allies. president trump plans in europe for a series of high profile events. round one is in power and the most closely watched meeting will be with vladimir putin. and they keep that company and that crucial to china's diplomatic out reach. we chill over the politics of pandas. welcome to obvious on public television and around the globe. divisions a match that the united nations today i have the best way to respond to north korea's aggressive missile test. the us ambassador said if the international community acts together. pam prevented could testify. the last will propose new un sanctions. the russians representative warned that attempts to economically strangled north korea would be unacceptable. away since president trump arrives in europe had a the g. twenty summit. a diplomatic editor james landau stop saw coverage. today the coast of south korea. borrows. taught by local u. s.

the daytime highs are in the middle 80's. nighttime lows from the upper 60's to the lower 70's. en next week we turn the corner again. we are back in the 90's. another heatwave on the way. stay with us. you are watching "abc7 news at 5:00". alison: check out the flames shooting through the roof of a ware -- warehouse in baton rouge. by the time they put the fire out the building was destroyed. a malfunction in the electrical panel is to blame. >> tomorrow mark the sixth straight day that people let bulls chase them through the streets of spain. the running of part of the festival. six people were hurt in today's run. no one was gored. the two minute and 15 second run was one of the fastest so far. alison: back at home, a jeep gets rear ended and flips. the driver is already but the dog she was watching gets loose and takes off. richard reeve is at the "live desk" to make today's reunion so joyous. richard: a great story. sam the german shepherd and the owner susan recovering after frightening ordeal with a happy ending. it began with a car crash before 12:00 noon on busy route 12

the temperatures tomorrow morning are upper 60's to the lower 70's. warm and a humid start for tuesday. dress for the comfort. have water with you. be on the lookout for thunderstorms that may develop afternoon and evening. this is the freshly updated future cast. if you find yourself under a shower or thunderstorm put down rain. not going to last long. 15 or 20 minutes. may find gusty winds. then they are out of here tomorrow night. look at the forecast. day planner tomorrow. heat and humid is the big story. 100 to 105 for feels like temperature. this is the heat index. i want to take you through the ne look at it for 5:00 tomorrow. near 100 degrees. moving in day on wednesday we stay in the upper 90's to near 100. by thursday, which will likely feel the hottest of the heat waver. feels like 100 to 105. we are watching a cold fronted set to arrive on friday. that is likely to bring us a better chance for showers and thunderstorms. extended outlook from stormwatch7. heat and humidity, tuesday, wednesday, thursday, friday. heat index value close to 100.

to the west, open some windows. tomorrow, mid-80'sith clouds, heat and humidity thursday with storms, possibly some strong into the evening. friday, not settled with scattered showers and thunderstorms. saturday and sunday, nice for the citi open tournament at the tennis center. week,in tournament next temperatures nice, upper-80's and seasonable and good as far as humidity level. adrianna: i will be there monday from 2:00 to 4:00, no rain? ?rian: you are good, can i come adrianna: absolutely, we will get vip treatment. up next, how close one company is to micro-chipping its nomake this a greatniture, specialtime to save. inancing through august 7th, find savings in every room. plus, twenty-four month, no interest financing makes every decision that much easier. even when life isn't. i'm going to the movies with britney. hurry in...these savings end soon. havertys. life looks good. adrianna: a big move at an office that

they understand the history of polarization since the 1960's. in this case i am really interested in understanding the turning point. areawere significant multiple pressures create the political system. they were quite significant. even of gingrich was an antiestablishment person. as it was a right-wing conservatism. he capitalized on many of the processes of politics that emerged into the 1970's. one where the ethics rules put into place the 1970's was congressman ovi being a key author of some of these rules. the creation of the good government in washington dc, groups such as common cause were constantly applying pressure. there was the investigative ist-watergate media which constantly searching for evidence of political corruption. just taking you through a few parts of this chapter there. he wasn't happy. there was a lot of coverage in the election being a revolution that just took place for conservatism. gingrich had his eye on capitol hill. do you feel great about what has if thed to the act: reagan people let idea get out there we are in

the blue line is s&p and the white line is any revisions for the s&p. ar in the last few weeks, the most since 2014. th broader questione is will it deliver sentiment? according to morgan stanley, equivocal yes. -- unequivocally yes. you had james gorman calling the wealth management business the yield stock because of a consistent revenue like stream. they are also forecasting some good growth and net interest income. positive beta winds up staying low. a lot of good commentary coming from that morgan stanley call. jonathan: about two or three minutes and and here we are with s&p 500 kissing another record. the dow jones pretty much flat on the day as well. the story in equity markets in terms of earnings is morgan stanley with a big straight second quarter. morgan stanley posted more fixed income revenue than goldman sachs and outperformed its biggest competitor in equity trading. joining us to discuss his stephen who covers jpmorgan. he has a buy rating at a price target of $51. still with us is paul christopher of wells fargo institute coul. more tha

that was a one that was left for dead >> coming up, the s&p 500 is up % this year, but about 40 stocks are down more than 20% so far in 2017 bear markets should you buy the laggards? traders are talking us bottom fishing to catch the best bargains plus, snap is hanging on to its $17 a share ipo price, but all bets are off when it's locked up here and expires this month. how bad could the elling get got a special report and later, the big banks set to report earnings next week as earnings season gets put into full gear much more "fast money" still ahead. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's up to 16 times faster than slow internet from the phone company. say hello to faster downloads with internet speeds up to 250 megabits per second. get fast internet and add phone and tv now for only $34.90 more per month. call today. comcast business. built for business. >>> welcome back amazon continues to take over the entire world the new data

the s&p right around 75. stocks above that technical level is now at its highest level in the last year. it is puzzling, because everyone says europe is great and where you want to play it, but earnings revisions are coming down faster than for u.s. equities, and the number of stocks behind that technical level. jonathan: i am getting a town of messages. westin.alabama, david i expected better from you. david: auburn i do not follow. .onathan: do not watch it earlier in the program we heard from henry mcvey at kkr who spoke about the landscape in europe. >> what you are starting to see in europe right now is that monetary stimulus shifting to the cyclical economic areas like housing. you will see a little more lending, more improvement. there was a mention of copper, those type of things where it lists the economy -- lifts the economy. still with us is scott wren of wells fargo and alessio the strong euro story and the question we explored last week is whether you could be long euro and expect outperform, but

the s&p 500 of about 2/10 of 1%. e had another decent day of gains with numbers pretty solid. byasury and humans are lower a single basis point. some supply coming into the market today, $34 billion worth of 5-year note's coming through and a fed decision as well. we are up about 1/10 of 1% on and here isdex, alix steel. record, the s&p has not yet reached its intraday high, but we have a record for the dow and a record for the nasdaq. the move, not a ton of velocity. 1%, butup 4/10 of earnings really fueling the fire here. let's look at some of the big names that came out. at&t is popping over 3%, earnings beat their as wireless customers rose by 127,000. verizon, fish is getting really interesting. up 2%, city coming out and down grading dish, saying that comcast should by verizon. the timing is right, leaving dish in the cold because verizon was a better for them. that is definitely -- verizon bidder for them. we had more bullish sentiment, particularly in europe. we also had some interesting commentary on the call

and one hundred years since the u. s. entered world war one how americans fort battles in france and helped build the peaks often write. the. welcome to all of you is on public television in america and around the globe president trump says the friendship between france and the u. s. remains unbreakable he was speaking at the start of a two day visit to paris. for talks with president emmanuel not chrome. the pad discussed areas of common interest such as trade and the fight against islamic state but don't climate that all disagreements mr trump withdrew the u. s. from the paris climate accord last month. the bbc's lucy williamson has more. if diplomacy is about power disguised as flattery there a few more potent greetings that attends. and shake. menu electoral welcome donald trump today with a visit to the tomb of france's grand military leader napoleon. the impressive location designed to flatter both visitor and host. wned. as mobile. revolutionaries. giving away the oath. is an expert tions but mr mack brown also sees

low temperatures going down to the mid 70's, it will be warm. art out your day with plenty of sunshine. the sun will help to heat things up as we head to the afternoon and we watch tomorrow evening for the chance of storms especially for areas north of philadelphia and quiet down thursday and friday. down the shore you'll find relief temperatures in the upper 80's, 88 for tomorrow, mostly sunny skies, plenty of sunshine friday with high temperature around 90. we will have that thunderstorm chance saturday in fact even in philadelphia the weekend is looking more unsettled overnight, low temperature right around 76 degrees. as we head to tomorrow sweltering sunshine, 95 will be your high temperature. "eyewitness news" weather seven-day forecast, 96 as we head into friday. with the heat index, it's going to feel warmer than that, the heat index could be upwards of 103 degrees. we're still in the 90's, we will have the risk for showers and storms. finally, relief in sight as we head to tuesday. thanks to a cool front moving on through. >> cool front.

now temperatures are well into the 90's at this hour, and right now we're checking in easily in the 90's in philadelphia, we have a temperature right around 94 degrees. factoring in that combination of both heat and humidity, you bet, it feels a lot warmer out there. we're talking about heat index values even at this hour that are well into the 90's, upper 90's and close to around 100 degrees in many locations and especially in portions of southern new jersey right around 102, what it feels like for places like millville. we will have risk as we head in the rest of the evening hour for shower and thunderstorm especially for areas north of philadelphia, we will talk more about that and when you can expect to see relief from the heat and humidity coming up in just a bit. for now, back to you. >>> investigators are searching for more possible evidence that the bucks county farm that four bodies were found last week. chopper three over the scene this morning in solebury township, philadelphia police department's k-9 unit cyst ted in that search. bucks county district attorney 's office say

index pioneer now owns at least 5% stakes in 491 of the s&p 500 companies. what's more, vanguard now owns about 7% of the entire value of the s&p 500. back in 2010, it was only half that amount. all trading volume in the united states, so, with so much money tied up in etfs and other index related veinvestments, the are concerns t experi more volatility in times of stress as many could look to sell the same investments at the same time. index relating investing has slew of benefits for the investing public and has been advocating by managers an warren buffett himself for years, but could there be unintended consequences down the line because of it? time will . for "nightly business report", i'm dominic chu. >> to the economy now where american businesses did not create as many jobs last month as expecteded. the adp private payroll report for june showed an increase of 158,000 new positions. expectations were for 185,000. maybe they trans posed those numbers. just kidding. economists consider the report to be another sign that the economy is getting closer to