Salesforce also up higher. A lot of those secondtier tech names also did well. 10, 15 or more. They are looking for what they think will be the next leg up in this market. Taylor we do a lot of analysis here that abd traditional models dont work anymore. But over the weekend, i was reading about the fed model, ifating around an idea that you use the fed model, equities could march higher than where they are right now. That is a note in the midst of some of the optimism, that catches my attention. Romaine jack, lets pick up where taylor left off, specifically around this idea of how you evaluate market and whether some of the core metrics for valuation really matter in the timeframe we are in. Into this next earnings season really paying attention to some of those more traditional metrics . Jack i think some of those more traditional metrics make sense still as long as you compare them to other metrics. I dont know if the core price to earnings ratio on the s p 500 tells me a whole lot
Three People Living in the uc davis dorm are in isolation. One of them being tested for the virus while the other two at this point are showing no symptoms. 8400 people in all are being monitored in california. Meanwhile, federal Health Employees were improperly trained to deal with the coronavirus. That includes some workers stationed at Travis Air Force base. The employees did interact with americans in quarantine. That california grappled with the first case of community coronavirus. That woman is there hospitalized. Reporter thats right. And the folks here at the Uc Davis Medical Center say they are committed to providing that patient the best care possible. Meanwhile, state Officials Say that case is a major turning point in how they approach the virus. Youre looking at the states Emergency Medical Coordination Center where Health Officials have been closely monitoring the coronavirus outbreak for weeks. Yesterday they got the news theyd been expecting. The countrys first case of
Maybe real profits hi, everybody and welcome. Another day, you guess to do, another record high for stocks yes, the dow ended lower but earlier in the session it broke above 29,000 for the first time ever. Everybody, though seems to be buying into the big caps with you will a the money going to the massives, small caps are all but ignored. Lower on the year. S in random but interesting. The russell 2000 is not hit a new record high since mid2018 at some point they stop the music, guy adami when they do tell us about the small caps. It was actually august of 2018, the iwm measuring the small caps topped at 174 frankly havent gotten anywhere close. Recently we breached 165 but still significantly off the alltime highs with the s p now making alltime highs. I do think thats problematic. You can make any number of arguments. Maybe the russell is more emblematic of the real economy i dont know butly say, i happen to believe the russell could lead the Broader Market by a couple of months if
Should take some of this moisture, still mostly cloudy. If you can get some sun breaks, san jose, livermore and the peninsula. Too much cloud cover, light rain. Still 60 degrees. 7 01. Sal is here. Well, the east shore freeway is cleared up which is nice. We had that crash completely gone here was taken out of the lanes and moved out. But now its completely gone and its going to help traffic come through at the macarthur maze. When you get to the bay bridge a backup there which is typical. No major issues on 880 also it is slow. Well tell you more about the morning commute in the south bay in a few moments. Lets go back to desk. A three car crash an gravel spill brought traffic to a halt. Showing us what its like there now, youve moved off the highway, so everything is open there again it looks like. Reporter good morning, allie, yeah, lanes were closed for 4. 5 hours. As you county radar can see both directions back open, traffic moving again along highway 101 through palo alto. There
Beyond meat down big lets get more on beyonds quarter. Beyond meat shares taking a dive as you mentioned after the Company Announced a secondary Share Offering shares slip more than 11 after the company made that announcement a secondary offering of 3. 25 million shares which increases its float. That could boost short seller interest in the stock which prior to earnings was a 16 of the float. Keep in mind that number itself was a bit inflated because the company is still in its lockup period the company mentioned on the call it cant comment on the secondary offering due to regulatory requirements. Beyonds worst to date was on june 11th when it lost more than 25 . The stock is still up a little less than 700 since its i. P. O many analysts were focussed on the companys top line growth. Beyond attributes its top line beat to a number of factors, including new partners and increased demand from existing partners we are using our advantage to drive, continued expansion in retail and Food