Experts fear another peak in coronavirus cases will come this fall possible that over the summer were going to see things are going us it may be gradually increased its interim and it. Then. Schools get a start in the end of august. Not just kids for 12 universities. After months of that things will explode. John swartzberg is an Infectious Disease professor at u c berkeley. Well, he says there are several scenarios of what could happen theres a strong possibility of history repeating itself in october the worst case is that were going to see what happened in the region intervention richie. It is were going to see if the problem with a server in order to get complacent School Starts it explodes thats if theres still no vaccine and people continue to ignore social distancing mornings. Its something we saw over the Holiday Weekend more so in places with looser restrictions like alabama and missouri swartzberg says what happens this fall is less about the virus in more about how we behave
I will use another strong word. Panic. That is justified. Late yesterday, panicked investors drove the dow down 1191 points. Thats the biggest oneday point loss ever. Okay, thats the backdrop. Now todays reality. The dow at one stage early this morning, futures were down over 600 points. Right now we are down over 400 points. The s p down 50. The nasdaq composite, way down, another 2 lower, off 166 points. Today on this show, we will ask when do we get a rebound . Where are the bargains that longterm investors might go for . Now look at this. This, what you are seeing, is a worldwide rush to put money into ultrasafe u. S. Treasuries. The yield now, 1. 19 . At one stage earlier it was 1. 16 , an historic low. That is a classic flight to safety. Heres what happens when the Global Demand for oil falls out of bed. Sharply lower prices. At this moment, we have got, what, about i think its 45 per barr barrel. That is on the price of oil. Thats the latest on the market action. Now the latest
Investors love it. Second, profits. That is the baseline for stock prices. Latest reports from Big Companies show strong gains. Investors love it. Ibm stock going up a whopping 6 this morning. Thats huge. Third, the president is throwing everything in the tax cut fight. He kept up the with the speech in front of heritage foundation. The barnstorming continues. Trump growth agenda is rolling. You remember the leftists that forecast a crash when he was elected. How wrong can you be . The dow hit 67th record high since donald trump election. Capital gain is great. Watch this market grow. Varney company is about to begin. Lets give our country the best Christmas Present of all, massive tax relief. And speaking of christmas, yes . You want to hear it . [cheering] speaking, im talking about Christmas Present. I will give you a bigger Christmas Present. You will be saying Merry Christmas again. You will say Merry Christmas. Stuart a little humor from the president with serious intent perhaps.
Bezos, hes now the second richest person in the world. Right behind bill gates. And bezos has around 79 billion. He made 3 billion just overnight. Lets not forget google. This is extraordinary. Thats revenue up every single quarter for seven straight years, thats a juggernaut. That stock also going straight up at the opening bell today. All right, thats money. Now, politics. It takes longer than 100 days to drain the swamp. Oh, yes, it does. No vote on obamacare today, or tomorrow. It may be next week. And the left, no growth plan for the democrats. The New York Times and democrat leaders call the president s growth agenda, a give away to the pitch. They dont like it. Your money looking good. Politics and that swamp is still there. But its friday and were glad youre with us. Varney company is about to begin. Aint no stopping us now were on the move all right, okay, ill go with that. It seems like theres no stopping, certainly no stopping the big, big tech names that have been on such a
There going to Kickstart Program now with a video. You better sit down if you want to catch it. There is a lot to celebrate, because journalism is such an important part of the freedoms we continue to enjoy in this country, and many other countries wish they had the benefits we had because our Founding Fathers were so brilliant with the First Amendment. Thomas jefferson famously said he would have a press without a government than a government without the press. When the press conference the confronts the government, that means the system is working. When you dont acknowledge at fundamental role that the press plays and protect it that is the role of the press secretary, to protect the role against those that are fuming at whatever has been reported. If you do not treasure and protect that relationship, we are losing something fundamental to our democracy. I think one of the things this past election has taught us journalists, if they follow the stories and facts, and dont worry about