Is that the way to play this thing or are we getting to the point that it is getting over done . I am not a buyer yet, recovering some shorts if that is what you do, i get some recent support levels. The problem is where stocks are a big air pocket down to levels of 2018 in the s p futures, below 2000, that has me concerned. Im not pressing shorts here. The fear is over done and for me that will shift was one thing that has me worried is big moves in the oil and the yen. When big moves happened they cluster together. Charles why is a strong yen, one of the big correlations, why did that hurt the market so much . Bigger reason is psychological, it shows Monetary Policy lost its efficacy, at the end of january, drastically eased, the yen instead of going down went up in their face confused investors, and a lot of credibility issues. Charles the script after yesterdays fomc meeting down 200 points. On the other side of the equation, gold going very well, oil has done that quickly. Six day
Okay so far, just a lost tail lights, a lost brake lights, southbound 680 through walnut creek and the typical areas. I want to mention we are expecting a busy afternoon commute for the south bay with 49ers at home, 7 20 kick off, and the extra service with caltrain at 10 minutes ago and we have increased service with v. T. A. So expect delays and congestion, running five express Service Frames directly to levi stadium. That is probably a better option than driving. We will take a closer along at so the bay with Current Conditions in less than ten minutes. The countdown continues on our coverage of the 49ers first game. All the monday night game at levi stadium and our reporter is there for us. Tiffany the game could rekindle an old rivalry . That is right. The 49ers and the programs dominated the West Division throughout the 70s and the 80s. While neither team is performing quite as they were during the heyday, you never know what can happen at the start of the season. Tonight, it is
First female president in your voting . , 202 pshire voters 7488003. Republicans, 202 7488001. Democrats, 202 7488000. Ndependents, 202 7488002 you can also go to twitter or facebook. Com cspan as well. We will get your calls and a minute. Let the show you the front page of the New York Times. Female icons tell the young to get with it. This is what they report that with her opponent out drawing her in support among young women, ms. Clinton has candidacy has turned into a generational clash. One that arrested this weekend went to feminist icons called on young women to his who supported mr. Sanders to get with the program. Lets listen to what Madeleine Albright had to say when she was introducing Hillary Clinton in New Hampshire this weekend. [video clip] people are talking about revolutions. What kind of a revolution would it be to have the first woman president of the United States . [applause] single [chanting] not only that, she is just the best. She understands it area great to go
Julie hyman has the latest on the markets. After the uplift we had to a major agger average, we are seeing a bit of a downdraft, that a huge one but if you look in the sectors on the move, financials in the green, but that is the only group. We have utilities declining the most as bond yields continue to go up. A pretty Diverse Group in terms of what is falling, but i did want to point out there were the worst performers in the s p 500 were those like monsanto. Brownforman cutting its forecast. Dollar tree, which was out with its earnings and actually rose following those numbers, but analysts are weighing in and saying they were not that great and downgraded to neutral. There is a little bit of company news moving things around. Mark of looking at are we looking at a poor day after a giant game . Gain . Julie we are still lower by about 70 points, but we have had this and norm is ounce from the lows of the year. One of the other charts we have been looking at if you take a look at the
You are looking at a january to february increase of 2 . 3. 2 was what was forecast. The number itself was 2000 better than estimated. The mostetter than pessimistic estimates would have feared. Sales came inome below estimated. The fourth time in the last five months. All of that said, lets look at what is going on in the broader markets right now. Major averages seeing steeper declines than they did out of the gate this morning. It really is Energy Shares that have been weighing on the s p 500. Look at the imap and energy as you can see is down 1 followed by materials. Weakness in the commodities related shares this morning, on the pressure overall averages are in oil prices are trading lower after we got an Industry Report last night that showed a build in weekly inventory. Government numbers in just about 30 minutes. I will be bringing those to you in oil prices are down 2. 5 . Also not helping commodities is the fact the dollar is higher this morning. You heard earlier from james