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Nio Surges seven percent On Rumors Of Europe Expansion.

Nio Surges seven % On Rumors Of Europe Expansion.

Shares in Nio stock  (NIO) surged 6.5 % in Tuesday’s trading, punching in the latest all time high of $35.87 and also closing during $35.50.

To spark the surge better were unconfirmed mass media accounts which China’s electric automobile organization is now trying to develop into Europe.

In line with these accounts, the company intends to launch its ES6 and ES8 versions found in Europe second year with its first NIO House store set for Copenhagen, Denmark. Which signifies a difference from earlier accounts that had highlighted Norway while the company’s first targeted destination outdoors China.

In a task dubbed Marco Polo’ Nio is said to be aiming for product sales of 7,000 electrical cars or trucks in its first two years also obviously already has an overseas unit created with sales ready to begin inside the second half of 2021.

Past this week Nio showed that it delivered 5,055 vehicles found in October 2020, a brand new monthly shoot that represent impressive 100.1 % year-over-year development.

As of October 31, 2020, collective deliveries belonging to the ES8, ES6 and EC6 climbed to 63,343 vehicles. (See NIO stock evaluation on TipRanks).

JP Morgan’s Nick Lai recently up-graded Nio from hold to buy using a Street high forty dolars price target (thirteen % upside potential). In China’s wise EV market, we anticipate Nio to become much term winner with the premium area one among Chinese makes the analyst explained.

Even though Lai admits he missed the stock’s substantial rally inside May, he nevertheless sees the chance for purposeful upside over a valuation of 3x 2025E EV/sales. Shares within NIO are actually in an upward motion over 780 % YTD.

We determine which Nio is actually anticipated to rule ~30 % of the premium passenger EV industry or maybe reach 334k devices by 2025 Lai told investors, incorporating that the next important occasion is definitely the 3Q20 cause mid November.

He expects an excellent backlog orders belonging to the freshly unveiled EC6 crossover or near 8 days hold on time with GPM topping ~12 % via 8 % within 2Q20.

In general, NIO features a cautiously positive Moderate Buy Street popular opinion with six buy rankings, 3 hold ratings along with 1 sell rating. Meanwhile the regular analyst selling price objective suggests significant drawback potential of 31 % from current quantities.

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US stock futures nervous on worries of a contested election.

US stock futures jittery on worries of a contested election.

US stock futures swung extremely earlier Wednesday since the prospects of a quick, decisive result to the election faded as well as President Donald Trump designed baseless statements about the vote, making investors on edge.

Dow (INDU) futures plunged over 400 points, or perhaps 1.5 %, after Trump too soon claimed victory and mentioned he would go to court to prevent legitimate votes from becoming counted, see these stocks prices:

Stocks afterwards pared back losses but stay jumpy found premarket trading. Dow futures were done only 0.1 % at 3:30 a.m. ET, while S&P 500 futures rose 0.6 %. The Nasdaq Composite, an outlier all over the evening, surged 2.5 %.
Uncertainty is the enemy of markets. Investors had hoped that early outcomes would point to a clear winner sooner instead of down the road, staying away from the nightmare situation of a contested election.

CNN has not yet known as a number of key races, however, like Michigan, Wisconsin, Pennsylvania, and Arizona. In some locations, it may take days or weeks to count all of the votes.

Speaking at the Whitish House premature Wednesday, Trump attacked legit vote-counting efforts, suggesting initiatives to tally all ballots amounted to disenfranchising his supporters. Also, he said he had been preparing to declare victory earlier inside the evening, and baselessly claimed a fraud was being committed.

“With Donald Trump clearly now pushing the case that this is gon na be unfair, this’s going to be challenged – that’s just going to make marketplaces anxious this could [take] weeks,” ING chief international economist James Knightley informed CNN Business.

Investors had choice which former Vice President Joe Biden will emerge victorious. But riskier assets like stocks are actually likely to rally regardless as soon as the anxiety lifts and it becomes clear the best way power will be divided in Washington.

David Joy, chief industry strategist with Ameriprise, claimed the Nasdaq profits may just represent the viewpoint that many major tech firms along with other stocks that gain from fast growth would do much better under Trump compared to stocks that receive a boost from a broad strengthening of the economy.

Nonetheless, strategists are cautioning against drawing premature conclusions.

“We expect volatility to stay elevated,” Credit Suisse told customers early Wednesday. “Amid the lack of clarity, patience is required.”

In Asia, stock marketplaces have been generally higher, even thought Chinese indexes remained muted after the shock suspension of Ant Group’s giant IPO Tuesday remaining investors dazed. Japan’s Nikkei 225 (N225) completed up 1.7 %, while South Korea’s Kospi (KOSPI) rose an even more moderate 0.6 %. The Shanghai Composite (COMP) rose 0.2 % in addition to Hong Kong’s Hang Seng Index (HSI) shed 0.2 %.

European markets were mostly higher, with France’s CAC forty (CAC40) up 0.8 % as well as Germany’s Dax (DAX) going up 0.6 %. The FTSE hundred added 0.5 % in London.

The US dollar ticked up 0.4 % against a basket of top currencies, while demand for benchmark 10-year US Treasuries rose, sending yields lower.

US stocks posted strong profits during regular trading hours on Election Day. Hopes that a Biden gain would unleash more government spending to help the economic recovery have boosted stocks this particular week.

The Dow closed up 555 points, or maybe 2.1 %, bigger, its greatest percentage gain since mid July. The S&P 500 shut 1.8 % increased, the best day of its in a month. The Nasdaq Composite completed 1.9 % higher – its best performance since mid-October.

Investors are usually intently watching the effects in the race for command on the US Senate. When Democrats appear to win the largest percentage of seats, which could pave the way for bigger fiscal stimulus.

Investors had been counting on lawmakers to agree on extra relief shortly following the election. Economists are concerned regarding the fate of the US recovery in front of a difficult winter as Covid-19 cases increase again.

“We know this economic challenge is coming,” Knightley believed.
Looking ahead, the Federal Reserve satisfies Wednesday, nonetheless, the central bank will not make any announcements regarding policy until Thursday.

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Stock market live Tuesday: Election Day surge, Dow rises two %, Banks direct gain.

Stock market reside Tuesday: Election Day surge, Dow goes up 2 %, Banks lead gain.

Tuesday’s rally near the figures The Dow gained 555 areas, 2.06 %, its best day performance since July fourteen when it received 2.13 %.
Dow Impact: UnitedHealth (UNH) had the best optimistic impact on the Dow, adding 61 points to the index.
Since Election: The Dow has acquired 49.90 %.
Since Inauguration: The Dow has gotten 39.26 %.
The S&P 500 gained 1.78 %, the best daily functionality of its after 10/5/2020 when it gained 1.80 %.
SPY Impact: Microsoft (MSFT) had the most beneficial influence on the SPY, incorporating 0.38 areas to the ETF.
Since Election: The S&P has gained 57.47 %.
Since Inauguration: The S&P has acquired 48.83 %.
The Nasdaq Composite acquired 203 areas, 1.85 %, the best daily performance of its since October 12. when it received 2.56 %.
NDX (.NDX) Impact: Microsoft (MSFT) had the most positive impact on the NDX, adding twenty four areas to the index.
Since Election: The Nasdaq has gotten 114.90 %.
Since Inauguration: The Nasdaq has acquired 101.45 %.

3 HOURS AGO
Stocks rise on Election Day The main averages closed upwards sharply on Tuesday, U.S. Election Day. The Dow Jones Industrial Average rose 552 areas, or even aproximatelly two %. The S&P 500 acquired 1.78 % plus the Nasdaq Composite jumped 1.85 %:

Three HOURS AGO
Stocks rise to session highs The main averages accelerated gains with less than thirty minutes remaining to the trading session. The Dow previous traded 656 points higher for a gain of 2.44 %. The S&P 500 innovative 2.09 %, while the Nasdaq Composite was up 2.12 %.

Four HOURS AGO
Final hour of trading With a bit of bit much more than a hour left in the trading day, the major averages were up sharply as Americans reach the polls for all the U.S. election. The Dow Jones Industrial Average rose about 575 points, or over 2 %. The S&P 500 and Nasdaq Composite gained 1.9 % each.

Six HOURS AGO
AT&T considers promoting stake in its pay-TV businesses
AT&T is discussing selling a minority stake in its pay-TV companies to private equity groups, CNBC’s Alex Sherman reports. The deal might involve between thirty % as well as 49 % of the combined TV functions for DirectTV, AT&T Now along with U-Verse. Apollo Management is actually one of the private equity groups speaking to the telecom giant, according to individuals familiar with this issue, and final bids are due in December.

Shares of AT&T have received 0.6 % on Tuesday.

Six HOURS AGO
Bank stocks outperforming as promote rallies Bank stocks had been on the front conclusion of the market rally on Tuesday, with the KBW Bank Index gaining 2.7 %. Several of probably the largest banks discovered even bigger gains. Shares of Goldman Sachs climbed 4.3 %, while JPMorgan and Citigroup both climbed in excess of three %.

Bank stocks had been helped by climbing bond yields, which have a tendency to boost interest earnings for banks.

Six HOURS AGO
Stocks making the biggest moves midday Ferrari – Chase near me, Shares rose more than seven % after the luxury car company reported better-than-expected earnings for the previous quarter.
Constellation Brands – Shares of the beer, wine, and spirits maker jumped almost five % after Morgan Stanley up Constellation Brands to obese from identical weight.
SolarEdge Technologies – Shares of the solar equipment maker fell more than 23 % after the business enterprise missed revenue expectations during the third quarter.
Read more about midday movers with these.

Six HOURS AGO
Markets at midday: Dow up about 600 points The 30 stock Dow gained about 580 areas around midday, off its session extremely high when it surged 685 points. The S&P 500 very last traded up 1.9 % as industrials as well as financials popped more than 2.5 % each. The tech heavy Nasdaq gained 1.8 % with Amazon, Apple, Facebook and Microsoft all rising a minimum of 1.5 %.

Eight HOURS AGO
Dow surges greater than 650 tips Roughly one hour into Tuesday’s trading, the rally gained vapor on Wall Street with the Dow jumping almost as 660 points. The S&P 500 last traded up 2.3 %, led by financials and industrials. The Nasdaq popped 2.2 %.

9 HOURS AGO
Alibaba slides 9 % The U.S.-traded shares of Alibaba fell nine % in early trading after the news which Ant Group’s planned IPO contained Shanghai and Hong Kong was suspended. That put Alibaba on track for its worst daily performance since its IPO in 2014. Alibaba owns approximately a one-third stake in the fintech business.

Additional Chinese ADRs, including JD.com and Tencent, likewise fell in early trading, GMR Infra Share.

Nine HOURS AGO
Stocks increase for a next day as election getting here The market place rallied for another day in a row Tuesday proceeding directly into the U.S. presidential election. The Dow Jones Industrial Average climbed 320 areas at the wide open, after gaining much more than 400 points in the earlier session. The S&P 500 gained 1.0 %, even though the Nasdaq Composite rose 0.7 %.

9 HOURS AGO
10-year Treasury yield hits 5 month high
U.S. Treasury yields rose on Tuesday before the U.S. presidential election is actually concluded. The yield on the benchmark 10-year Treasury note previous traded up three foundation factors to 0.876 % following impacting a session excessive of 0.881 %, its highest level after June eight. The yield on the 30 year Treasury bond rose 3 foundation factors to 1.656 %. Yields move inversely to rates.

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Market

Five points to learn right before the stock market opens Monday

1. Dow set to jump after its worst month since March

Dow futures bounced more than 350 points Monday early morning, the very first trading day of November and also the day just before the election. The 30-stock average had its worst week as well as most awful month since March, that watched Wall Street’s coronavirus lows late which month. Futures had been reduced shortly after opening Sunday evening and were relatively flat overnight. They started out jumping around 3:30 a.m. ET.

Futures buying after October’s swoon arrived despite a record 99,321 new Covid-19 infections Friday. Sunday and Saturday saw more than 81,000 new cases every single day. Apart from the coronavirus and also the election, investors are actually faced with various other key events this week, which includes the Federal Reserve’s policy meeting as well as the government’s October work report on Friday.

2. Spiking Covid-19 cases in Europe and U.S. spark new restrictions

Fueling Friday’s record brand new daily coronavirus instances, the nation’s third top, forty three states watched infections developing by five % or even more, according to a CNBC analysis of facts compiled by Johns Hopkins University.

For New York, the epicenter at the beginning of the outbreak, Democratic Gov. Andrew Cuomo said residents must get tested for Covid 19 prior to traveling, and once again within three days of reentering the state. This brand new protocol replaces New York’s previous quarantine rules.

In Europe, that saw the case of theirs peaks a few days in front of the U.S., British Prime Minister Boris Johnson announced Saturday an additional national lockdown contained England. Starting Thursday, nonessential businesses are going to close however, clubs will remain open for the following four weeks.

3. Biden takes a double-digit national lead into last minute campaigning

In the final NBC News/Wall Street Journal poll, introduced Sunday, Democrat Joe Biden had a 10-point national lead over President Donald Trump. A majority of voters that were surveyed sanctioned of Trump’s control of the economic climate. But a majority also disapproved of his response to the pandemic.

Biden spends election eve mostly in Pennsylvania, a battleground say he leads by 4.3 points, in accordance with the RealClearPolitics average. Pop superstar Lady Gaga joins Biden for a drive-in rally Monday evening in Pittsburgh.

Trump continues his rally blitz in swing states, which includes events found in Pennsylvania, North Carolina plus 2 in Michigan. The president on Monday additionally holds a rally inside Kenosha, Wisconsin, a city which saw protests after Jacob Blake, a 29-year-old Dark man, was picture in the rear in front of his sons by a whitish police officer on Aug. twenty three.

4. Trump implies he might fire Fauci’ a small amount after the election’

Trump implied early Monday that he could fire Dr. Anthony Fauci, right after the nation’s top infectious disease expert more criticized the president’s handling of the coronavirus. During a late-night rally near Miami that stretched directly into Monday, Trump defended his response to the pandemic. The crowd began chanting “Fire Fauci!” The president stated, “Don’t tell anybody, but allow me to wait until a small bit after the election. I appreciate the advice.” In an employment interview published doing Saturday’s Washington Post, Fauci stated the U.S. “could not possibly be positioned much more poorly” on the virus proceeding into the fall and winter, when individuals will be made to keep indoors.

5. Court fights continue more than expanded voting options while in the pandemic

A federal judge on Monday holds a hearing on drive-thru voting in Texas, one day after the state’s all GOP supreme court denied a Republican led petition to toss nearly 127,000 ballots cast at drive thru places in the Houston region. Conservative activists have filed a battery of state and federal court issues over moves to increase voting choices while in the pandemic.

The U.S. Postal Service ought to remind senior managers which they need to follow its “extraordinary measures” policy and work with its Express Mail Network to expedite ballots forward of Tuesday’s presidential election, below an order signed by way of a federal judge Sunday. The thrust to get ballots delivered by election night has had on significance because Trump has frequently said, with no evidence, that mail voting would cause widespread fraud.

Over ninety four million ballots are actually cast ahead of Election Day, over two thirds of 2016’s complete turnout. That is based on the U.S. Elections Project, a that is actually compiled by Faculty of Florida political science professor Michael McDonald.

 

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Is Boeing Stock a Buy Following Q3 Earnings?

Is Boeing Stock a Buy Following Q3 Earnings?

As constraints tightened in Europe amidst rising fresh coronavirus instances, U.S. stock market went right into a tailspin this week. Naturally, the aviation market wasn’t spared, and in spite of better than anticipated Q3 earnings, neither was Boeing (BA). The stock ended the week down 14 %, further contributing to 2020’s bad performance.

Expectations had been low proceeding straight into the quarter’s print documents, as well as despite posting a quarter consecutive quarterly loss, Boeing’s third-quarter results came in in front of Wall Street estimates.

Revenue decreased by 29.4 % year-over-year, but usually at $14.1 billion nonetheless overcome the Street’s forecast by $140 huge number of. The loss on the bottom line wasn’t as bad as expected, also, with Non GAAP EPS of -1dolar1 1.39 beating consensus by $0.55.

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Boeing reported negative (FCF) free cash flow of $5.08 billion, nonetheless, still, the figure was a development on the earlier quarter’s poor $5.6 billion. Nonetheless, with so much uncertainty surrounding the aviation industry, Boeing’s optimism of transforming money flow positive next year looks a tad upbeat.

To be an outcome, RBC analyst Michael Eisen cut his 2021 estimate from FCF generation of $3.9 billion to a money burn up of $5.3 billion. The change is mostly driven by additional create of inventory,” that the analyst sees “surpassing ninety dolars BN to come down with early’ 21,” and also “a lag time in the timing of liquidating those commercial aircraft. Eisen currently anticipates bad FCF until 1Q22, compared to the prior 3Q21.

Boeing announced it strategies on cutting an additional 7,000 tasks. The company entered 2020 with 160,000 workers and has already decreased staff by 19,000. The A&D giant said it expects to cut the workforce lowered by to 130,000 by the conclusion of 2021.

It all points to an uphill struggle, though Eisen thinks BA is able to transform a working profit in’ 21.

We feel profitability remains a wildcard as the business battles to get rid of price out of the device to offset a lack of demand recovery and will largely be dependent on business demand improving, Eisen said. Longer-term, the structural techniques to consolidate calculations by up to 30 %, buy in efficiencies, and permanently control cost ought to provide upside as demand recovers.

Further catalysts including the re-certification of the 737-MAX, the possible incremental orders of commercial aircraft plus safeguard contract awards, continue Eisen’s rating an Outperform (i.e. Buy). The price target of his, during $181, implies a twenty five % upside from current levels. (To view Eisen’s background, press here)

BA gets reviews which are mixed from Eisen’s colleagues however they lean to the bulls’ side area. Based on eight Buys, nine Holds and 1 Sell, the stock has a moderate Buy consensus rating. Upside of ~24 % could stay in the cards, given the $179 typical priced target. (See Boeing stock analysis on TipRanks)

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Premier League proposals improve suspicions more than US owner´s motives

Backers of a big shake-up that’s dividing English football were pressured to defend the proposals amid fierce criticism coming from the UK government, the Premier League as well as the Football Association.

The method, created by Rick Parry, the chairman of the English Football League, that manages the three divisions below the top flight, as well as Liverpool and Manchester United, the Premier League’s 2 best clubs, would hand a 250m bailout to the EFL also a 25 a cent share of coming media revenue.?

For Mr Parry, it’s a chance to reset English football as well as address the unsustainable surge of expenses to go on as the gulf widens between the Premier League as well as the EFL. Additionally, it marks a power grab by the top clubs, as it will focus power in the hands of the Big 6, which includes Arsenal, Chelsea, Manchester City and Tottenham Hotspur.

The plan will dominate a previously scheduled meeting of Premier League clubs on Wednesday. An individual close to the league said EFL money would be talked about, nevertheless, it was unclear whether the problem of Project Real picture would induce them to provide an alternative proposition.

Increasing the anxiety was the unanticipated resignation on Monday of chief executive David Baldwin. The EFL claimed the departure of his wasn’t related with the furore over the proposals. On Tuesday, a number of EFL clubs, including Championship sides Rotherham United and Preston North End, defended the project at a mass media call placed by the league.

The UK government has criticised backroom deals to develop a closed dealer at the roof of the sport, while Football Association chairman Greg Clarke distanced himself from the designs.

If the principal aim of these interactions became the focus of strength and wealth in the hands of a couple of clubs with a breakaway league mooted as a risk, I, of course, discontinued my involvement, mentioned Mr Clarke on Tuesday.

Kieran Maguire, an academic and creator on accountancy and football, said: It’s the American ideal of naked capitalism. It makes the Big Six a lot more attractive to investors.?

The US billionaire Glazer family got command of Manchester United in a 790m leveraged buyout throughout 2005 and afterwards listed the business on the new York Stock Exchange. John Henry is in talks to describe Fenway Sports Group, that bought Liverpool in a $300m deal in 2010.?

US sport is run by business for business, stated one adviser to a number of top clubs. This smacks of opportunism; a restructuring is required but this appears to be too much one-way.

Premier League’s connection with Mr Parry has soured above his decision to carry individual speaks with its two biggest clubs, said a person close to the league.

What’s completely wrong with leadership coming from 2 of the country’s biggest clubs? stated Mr Parry, a former chief executive of Liverpool, of the plans on Sunday. The point from Liverpool and Manchester United as well as their ownership is the fact that they actually do genuinely care about the [football] pyramid.

EFL clubs shed 382m last time of year, as reported by Mr Parry, with owners injecting an equivalent amount in the earlier 12 months. Wages in the Championship, the second tier, amounted to hundred seven a dollar of revenues in the 2018/19 time of year, according to Deloitte.?

Rick Parry, the chairman of the English Football League, states top clubs do truly care’ Action Images/Reuters Mr Parry blames Premier League parachute payments to relegated clubs for motivating too much player shelling out in the EFL.

Deprive Wilson, a football financing expert at Sheffield Hallam Faculty, stated reform was essential to take on the financial backing issues in less leagues, adding The status quo is not operating.

The program would scrap the digital camera club, 1 vote system, and hand the Big Six veto over club takeovers, the appointment of the Premier League chief executive, along with the division of transmitted earnings through unique voting drives.

Such an extreme undertaking is actually not likely to gain support among the staying clubs but has encouraged concerns that some teams could splinter from the Premier League to reach the desired goals of theirs.

Some proposals are actually attractive. The Premier League would be cut to 18 clubs, that would’ve the exclusive right to advertise eight international matches directly to fans on his or her digital os’s. A smaller division, alongside proposals for two fewer cup competitions, may also free up the playing calendar for greater commitments to European competitions.

although a smaller sized league limits chances of promotion. It might be tougher to come up and keep whenever you don’t obtain a vote on what is happening, mentioned a lawyer that has advised a number of Premier League clubs.

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Stock market boom, brand new listings mint China billionaires at record speed.

China is minting new billionaires at a record pace even with an economic climate bruised by the coronavirus pandemic, because of booming share price tags and a spate of different stock listings, in accordance with a summary produced on Tuesday.

The Hurun China Rich List 2020 also highlights China’s accelerated shift away from standard sectors like manufacturing and real estate, towards e commerce, fintech and also other brand new economy industries.

Jack Ma, founding father of Alibaba 9988.HK, retained the top spot for the third year of a row, with his personal wealth getting 45 % to $58.8 billion partly due to the approaching mega-listing of fintech gigantic .

Ant is actually likely to create far more mega-rich with what is usually the world’s biggest IPO, as it programs to elevate an estimated $35 billion via a twin listing of Shanghai and Hong Kong.

The total wealth of anyone on the Hurun China checklist – with an individual wealth cut off of 2 billion yuan ($299.14 million) – totaled $4 trillion, a lot more than the yearly gross domestic product (GDP) of Germany, as reported by Rupert Hoogewerf, the Hurun Report’s chairman.

More wealth was created the season than in the previous 5 years combined, with China’s rich-listers incorporating $1.5 trillion, roughly fifty percent the measurements of Britain’s GDP.

Booming stock markets and a flurry of new listings have produced 5 new dollar billionaires in China a week within the last year, Hoogewerf claimed in a proclamation.

The earth has never noticed this much wealth created in just one annum. China’s business people have completed a lot better than expected. Despite Covid-19 they’ve risen to record levels.

Based on a specific estimation by PwC and UBS, only billionaires in the United States possessed significantly greater consolidated wealth than those in mainland China.

China has accelerated capital promote reforms to aid a virus hit economic climate, accelerate economic restructuring and fund a tech combat with the United States.

To expedite first public offerings (IPOs), regulators launched an U.S. style IPO platform on Shanghai’s Nasdaq-style STAR Market and Shenzhen’s ChiNext. Chinese corporate listings in hong Kong and Nasdaq have also turbocharged the fortunes of company founders.

Zhong Shanshan, who recently outlined his bottled h2o producer Nongfu Spring Co 9633.HK in Hong Kong, captured straight into the top three with $53.7 billion, trailing Tencent 0700.HK founder Pony Ma.

The wealth of He Xiaopeng surged 80 % to $6.6 billion after the listing of his electricity vehicle producer Xpeng Motors XPEV.N in New York during the summer time.