This technological revolution is present all barriers, even potentially becoming the heart of our National Security apparatus. We could be like ostriches if our hands in the sand if we dont address it hereon that money. I think eventually it could be the key to making the biggest amount of money over the next half decade that we can do, not just the next week, or next month, or quarter, as the professional bubble bursters and all their negativity keep cleaning, and they are all rallying, it drives me crazy. So on a day when the averages regrouped after a couple of days of pain, the dell up 86, 5. 1 , nasdaq up, why dont we just spell out the stakes here . So you know what im really thinking . First one of the few tech stocks has been able to hold his head up this week because it has the cards, the graphics processing units or gpu cards. Each and video semirun much faster than any other with the sole exception of amd, which is their real competitor. The next generation will far exceed w
Actually, yes. Yes if youre a Portfolio Manager who abandoned stocks when Interest Rates go up, which is what happened pretty viciously in the debt downgrade. The treasury cant be worth as much as before so stocks therefore cant be worth as much either as hundreds of billions of dollars change hands on the direction of bond yields when the yields go up, rates go higher people automatically selloff. Sell, sell, sell it didnt help a recession if the economy slows. Very hard to see a recession if the economy doesnt slow the stocks that hurt the worst are the highflyers. I want you to take cramer fav advanced microdevice tremendous growth in semiconductors for Artificial Intelligence it shot up six points in after hour trading we knew it was going to be a terrific day of trading the next day based of fundamentals. Then out of nowhere we got the fitch downgrade. Yeah if u. S. Treasuries slip to their double a plus rating, amd stock went being up 6 to being down 8 having interviewed the ceo
And just shy of 30 in the central and southern. We still have a ways to go in the snow melt is coming way down. In San Francisco 59 and we have the record high and record low and we have to go back to 1895 when it was 89 degrees. Almost every reporting station including Ukiah Fairfield reporting cloudy. We have big fog bank and behind this is that decent westerly breeze with the cold ocean temperatures. 40s and 50s on the temperatures, kelseyville, calistoga, sevastopol, it is cool. Light rain possible from bodega bay, santa rosa and north. Bristling at the beach with enhancement taking place from this strong system which keeps us cool in the 50s and 60s. It is 6 01 am. Things are picking up. We have slow traffic into San Francisco. We take a look at the bay bridge which a lot of people obviously use, the metering lights on for almost an hour with a big backup where we had an earlier stalled vehicle at the toll plaza which made it slower. This is a 15 to 20 minute delay before making i
I am splitting the difference here but most locations will go down, san jose from 85 to 83. 90 today, 95 gillroy to santa rosa. Plenty of low clouds, for the monsoon moistureit might come back but for this morning it is about the he cloud deck which has come back a little system is roaring back, low 50s, mid 50s to low 60s although brownwood is at 64. Hills better row and pacifica at 54. And theres your system right there, that brush it is high a little bit to the east, west south west at 22, westsouth west at 27. No moisture for tahoe, fog and he clouds will give way to sunshine for most, 60s to 90s. All right. You got an issue in freemont. Thats front and center. Yes, it is. Unfortunately it is blocking three lanes and before that there was a crash too. There are two separate incident, southbound 881 is near dakota under the pa day overcrossing but it is near dakota and the other one is both of these crashes in the last, i dont know they have been out there for about 45 minutes now,
Opening day blues with the public defender say say its a massive failure on multiple ends. Reporter presiding judge Morris Jacobson said that incustody arraignments may have remained in oakland in the jailhoused more local prisoners. He says most of the beds there are reserved for federal prisoners. Vic lee, abc 7 news. What is the presiding judge mean when he says they house federal prisoners and not local prisoners. Can you explain that . Reporter yeah, the presiding judge is saying that at the north county jail, which is the oakland jail that the Sheriffs Office is leasing, that the Sheriffs Office is leasing most of the beds to the federal government for federal inmates because they want to balance their budget. The judge says that if they were to reverse that and put more of the local prisoners in the north county jail, the oakland jail they may have maintained the arraignments at that jail for north county prisoners. It makes more sense to arraign them here. All right. Vic lee re