By about 414 points. Things have bounced around rapidly. Weve seen the volatility. Part of that was the big selling that happened. Nasdaq off another 140 poijnts. Looking at the 10year trading down talking historic lows every day when the 10yearwas above 1. 2 on the ticker, i was looking for it this is an important time to watch that, didnt you think it is crazy its a new time line to look at global rates we never thought these type of rates would get to us. They are still higher than the rest of the world is at. It is still staggering it is unbelievable and shocking on the daily basis. Providing the context. It does not happen often they are usually tied to an event. 1998, it was the collapse of the he hedge fund in 2010, resulting in a drop 2008, the financial crisis led to a fourday decline of more than 1,500 points. And now the coronavirus with a loss of 3,200. The big one was 1987 that wasnt really precipitated by any other event other than insurance. 22 in a day i want to make a
Dragged down by the more powerful bond market taking 357 points, s p falling. 82 nasdaq advanced a basis point, stunning comback but lets not get too carried away, still the worst woke for the averages since the financial crisis the bond market is bigger than the stock market we dont talk about it because its boring. But its important to the direction of your portfolio. Everythings wrapped up in bond yields always has been. I learned that 40 years ago. There are multibillion dollar programs that sell stocks whenever those yields go down. Its form got as lows a 1. 1 today, closing at 1. 16 thats a record low level, signaling the economy is growing weaker, and quality investors hide money in fixed income, coronavirus supply chain the bond market is screams that the coronavirus is far worse than most people realize Global Commerce will take a real hit and it might even be something similar to 2008 when all hell broke loose i cant tell you whether the bond market is right im not an epidemi
System that could ring a few eyes and ears and wisdom and showers back to the bay area. Observations and Lessons Learned from iowa. I will let you know exactly so that we can be successful here in nevada. When and where coming up. After nevada, the next gianna . Good morning. Primary is in South Carolina, taking a look at the roadways which is on the 29th. Right now, we start off with a Traffic Alert. Chp is working on a trouble spot, southbound 101 in san mateo. Unfortunately, this is a fatal kpix 5 is gearing up for californias primary, which is on march 3rd. We have a special section for accident. It happened just before 2 00 you online. Visit kpix. Com campaign2020. This morning. New this morning, charging lanes remained blocked. Right around 3rd avenue and we are starting to see Traffic Building as you approach the areas. So more cars hit the roadways this morning. 9 miles per hour. It looks look back traffic is backed up at this point. So in the meantime, avoid anyone who walks t
Afternoon. 72 in oakland. 72 for concord. Fremont 73 in san jose. 64 for santa rosa. Tracking a kind of low pressure system just off the coast. I will let you know how that will affect our weather here in the bay area coming up. Now lets check in with our traffic expert, gianna, with a serious traffic alert. Yet, it is a troublesome ride this morning. We have two separate accidents. One of those accidents, a deadly crash that happened overnight. Southbound 101 between poplar and third, three left lanes are still completely shut down for the recovery work an investigation into this crash, this is south 101 as you come away from burlingame. Northbound as well. For spectators slowing. We do have an accident right at poplar that is causing a backup here. That right lane lot. You are going to want to use to win 80. About 25 minutes to get down to 92. 40 minutes to get through those delays. A deadly accident, gianna, was talk about. The investigation has been going on for about four hours no
After a session where the dow and s p 500 have their worst single day point drop in history, what stocks make sense to buy in this new stay at homer ra that has been hammering the major averages, the dow plunging 1,191 point, the biggest point drop on record, the s p plummeting 4. 42 , and nasdaq nosediving 4. 61 . This is panic, okay this is what panic looks like. Particularly the last 45 minutes. We dont advocate panic because its not a strategy. You can have all the obvious defensive names. You can talk about the staples i can do that any day of the week, the stuff you need to stock up on when the outbreak sweeps through the country you buy stuff like this. The stock market seemed to be signaling in todays lows the last 45 minutes. I think the lows could be revisited. What the hell, the virus is a threeweek incubation period so well probably see more and more people getting sick people of course never went to china, which is always scary now, right we got the first one in Northern C