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July 16, 2024
S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is ...
July 16, 2024
Pretty true to form on this thanksgiving hence to be a positive bias. But nothing out of the mode for a moment here. And that was a few days ago. You know, not necessarily you might think so you kind of just, you know, get ab early slate there was a definite persistence to the quarterly strength. There is a dynamic though. Once it gets overbought, once sentiment gets overoptimistic as arguably it is right now, usually you can see the multiple times in recent years when the Fourth Quarter just me...
July 16, 2024
And throwing a little excitement into the game. Bonds are higher. That supports the bigger decline we had for the s p 500 earlier. At this point again we are seeing for bonds, the decline in yields probably more outsized than the pullback we have for stocks. Perhaps there is some volatility, but not today. One place there was movement was in Prescription Drug sales. Amazon has decided they will come to that business. Higher on then news they are opening an Online Pharmacy where they will sell dr...
July 16, 2024
Abramowicz. Tom bloomberg radio, bloomberg television. Good morning. Bloomberg surveillance. Jon took me off the ledge over tonight. Tsarsenal for and then sunday evening, a bombshell from the New York Times. Jonathan i never thought we would start an hour with english football, but we seem to do that now. I dont want this to be the story, but lets talk about whether it is real or not. I understand it is an important story. I understand it is sensitive for many people in america. But far too oft...
July 16, 2024
Tourists. So are you ready to get away . This is a notable night for all of us. Exactly six months ago our lives changed. We were ordered to shelter in place. Among the questions now, are we even halfway even at the Halfway Point of this pandemic . And are we ready to loosen up and get on a flight out of town . Nbc bay areas Sergio Quintana is at sjc with the story. Sergio. Reporter traffic officers here say San Jose International has been getting pretty busy in the mornings and evenings. More p...
July 16, 2024
Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo ...
July 16, 2024
Out what the Federal Reserve is going to do to rev up the economy. Big speech coming from chairman powell. Odds are hes going to talk about inflation. He wants more of it. If thats correct, hell be printing a lot of money. Literally seven minutes from now make that nine or ten minutes from now, we will be allowed to give you the official word. And, by the way, thats what the markets waiting for. The dow jones average is coming off the dow is going to be down about 22 points, roughly that way. Le...
July 16, 2024
Claims. 1. 3 million last week, and that is the 15th weekly decline, so the downtrend continues. However, 17 million are still unemployed and still collecting benefits. Ive got two big tech stories for you. First off, the twitter hack. Fake messages appeared from big name celebrities. It was a bitcoin scam. The important point is the hackers took over the platform and could have sent out messages to disrupt the market or the election or anything. They showed they could do it and that is a huge p...
July 16, 2024
6263 people have now died in our state with 100 deaths reported yesterday. Hospitalizations are also up almost 3 . However, icu cases are down slightly since yesterday. One area where Health Officials dont want people to go this Holiday Weekends beaches, especially those along the San Mateo County coast. With cases on the rise, new beach closures are in effect and they will last throughout the weekend. Some of the reaction to these closures. Reporter the last thing san mateo Health Officials wan...
July 16, 2024
Coronavirus cases continues to rise even here at home kron fours gayle ong joins us live in galle he talked to invent Infectious Disease expert who says that these numbers that hard to understand exactly what they mean. Yeah i can among the experts weve been hearing from a lot saying that these cases and deaths are under reported and thats due to limited testing early on and asymptomatic people. Testing capacity has grown in the bay area and beyond to perhaps the reason why were seeing a rise in...