Planet, market are proving to be really hot

On Thursday, millions of news outlets trumpeted two steaming stories: The 2019 year proved to be the second hottest for the planet since scientists began taking temperatures in 1880.

The super heated report was published by NASA and the National Oceanic and Atmospheric Administration.

The near-record temperatures locked down the claim that the past decade was the warmest in modern human history — a proven fact.

Scientists said the steady increase in land and ocean temperatures around the world has been fueled by greenhouse gas emissions since the onset of the Industrial Revolution.

“The last decade is the warmest decade,” Gavin Schmidt, director of NASA’s Goddard Institute for Space Studies in New York, said at the American Meteorological Society’s annual meeting in Boston.

And Thursday’s news services hyped the fact that the Dow Jones Industrial Average closed above 29,000 on Wednesday, a superlative record, which was posted on the same day that President Donald Trump signed an initial trade pact with China.

The signature event halted a two-year trade dispute between the world’s two largest economies.

The blue-chip index advanced 90.55 points, or 0.3% to 29030.22.

The S&P 500 climbed 6.14 points, or 0.2%, to 3289.29. The Nasdaq Composite rose 7.37 points, or 0.1%, to 9258.70.

As part of the trade deal, signed in a ceremony at the White House, Washington suspended planned tariff increases on Chinese imports and cut the rate of some existing tariffs. Beijing committed to ramp up purchases of U.S. goods and services by $200 billion over the next two years.

The agreement also included provisions to protect intellectual-property rights of American companies in China, though it fell short of what the U.S. officials wanted.

Some analysts said the phaseone deal was a disappointment because it reflects a compromise measure.

The high-scale temperature report included this comment, “The warming trend probably won’t be slowing down anytime soon,” Derek Arndt, chief of climate monitoring for NOAA’s National Centers for Environmental Information in Asheville, NC, said.

NASA pegged 2019’s global temperature at 1.77 degrees Fahrenheit above the average from 1951 to 1980, within spitting distance of 2016’s record-setting anomaly of 1.83 degrees.

The last five years were unusually warm, with only small differences that were driven by natural variations in weather patterns, scientists said.

In general, both in temperature hikes and stock market gains, the new year of 2020 will probably continue showing upward movements.

The temperature reports and stock market numbers are showing upward mobility in the new year of 2020.