Hes glad to have an extra year to prepare for tokyo. Translator i want to push ahead so ill be in good shapes for the olympics next year if they happen. Jude doak coonosho won gold. Hes the ace on the japanese team. But his training is restricted because athletes have to practice social distancing. Translator to be honest, i havent been able to think about the Tokyo Olympics yet. Nonot being able t to t train he me enjoy judo more. The postponement of the tokyo games is expected to cost several b billion dollars. Organizers are considering ways to reduce spending in over 200 areas. Those include cutting the number of spectators. They plan on focusing on savings in around 50 areas. Theyre planning to announce the overall increase in costs in the next few months. Meanwhile nhk learned the organizing committee of the world event is studying measures to prevent infections. Sources Say Committee officials have more than 400 proposals for antivirus steps. Theyre using the basketball venue at
Concord, 84 in danville again. Thats your starting temperature as you head out the door at 9 30. By the afternoon, you will see we are into the 100s. Down to livermore and right there in morgan hill. Well get a closer look at the temperatures at about 6 18 tonight west do want to show you the air quality will be the worst over the east bay and the south bay as well with the alert in effect. Were coming up at 6 18 tonight. All right. Well see you in a little bit. Not just triple digit heat thats making many people uncomfortable. It is the healthy air. Check that out. A visible level of haze. The bay area district has issued a spare the air alert. Sensitive and tomorrow. Healthy people who live there say it is uncomfortable and a bit troubling. Definitely is a little scary especially for little kids and their lungs, their bodies. Its not healthy for them. The spare the air alert is in effect tomorrow. The air Quality Management district says it could be extended another day. A wildfire s
Position as we head until then until the end of the year. Correlations breaking down as we continue to see the Broader Market gain. The dow and s p, because they closed at records yesterday, gaining again. That means they are records once again in todays session. Lets take a look at the various components of the s p 500 to get a better picture of what is going on. We have Information Technology here it down, free from the bottom. That is one of the reasons the nasdaq is lacking. Telecom, financials, real estate are gaining. It isnot as clear not as though cyclical are lacking and defensives are gaining or vice a versa. It seems as though it is sector and stocks. Utilities are up, declining the most in the s p 500. You will get into that later in our sector spider report to one group we are seeing clear movement is within the mall owners. Moll real state investor trust. That is because we have a deal announced. European mall company has struck a deal to buy westfield, based in australia
On the controversial tax bill that the Senate Passed overnight. Good morning to you. Im erin coleman. The tax cut bill is half way through. The tax cut and jobs acts is passed. In the end no democrats voted for the bill. After eight straight years of slow growth america is ready to take off. Democrats say American Workers and families will not win under this tax plan. A third will see a tax increa increase under this bill. So it really because a classic bait and switch. In the house an embarrassment. Members have to revote today. Parts of the bill did not meet Senate Budget rules. Paul ryan defended the bills impact on the economy this morning. More jobs occurred. You lower the job rate and make it more competitive. It will be ready for the president s signature. The federal government runs out of money on friday. There is no deal on the table as lawmakers have been focused on this tax bill. Nbc news, washington. Pennsylvania republican senator is praising the tax bills passage saying
Its the naz dock that certainly seems to be the worst today. Joining us for the hour to discuss all of it is josh brown. Joe, john, and pete, we begin today though with a man whose memo was the talk of wall street recently a memo warning investors that the level of risk in the market may be getting dangerously high. Howard marks is the cochairman, hes with us live today at post nine and we are very happy, sir, to welcome you to our program today, thanks for being here thank you, scott, glad to be here this was the talk of wall street we spent a lot of time on our program diving into what you wrote. What prompted you to do this now . I just accumulate things all the time i read about this, i read about that, hear about that, come across this fact, and eventually, they accrue until theres enough to make to have meaning you know, its funny, the stock guys say oh, you know, everything looks good. This can continue. Its the credit guys who raise the flags. Im wondering whats going on with t