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Previous peak on february 19th and all i heard is its because were having a v shaped recovery wrong, wrong, wrong. Not just wrong but laughable in a v shaped recovery the Dow Jones Industrial average would be hitting highs but this move is led by the nasdaq and s p including today the dow lost 67 points as the s p advanced 2. 3 , the nasdaq gained 7. 3 you dont need to be a Rocket Scientist to figure this out look at the stocks that have brought us to these levels they are not the recovery plays. In fact, they are the opposite they are stocks that tend to do well because of what we call secular considerations, not secular like nonreligious but secular as in they are doing well because of trends in their own industries, not the economy. Far from it. Allow me to explain. We had a magnificent v shaped recovery in the stock market, but the stock market is not a great refl ....
As we head through the afternoon hour, your 12 hour planner starting at 7 00, a little cloudiness, mid to upper 50s. That hasnt changed. Temperatures will run from 77 to 87 inland from noon to 4 00, 67 to 87 around the bay. And so cool along the coast and sunny and warm inland. San francisco taking new steps to prepare for a worst case scenario. They transformed a building to a care facility. Of course health is big focus for us. And there have been 1,000 cases in ten days in the city and a new peak in hospitalizations Amy Hollyfield is live talking about Hospital Capacity and the new surge. Reporter yeah, they plan to bring patients who need medical care to these warehouses here in the presidio so they can make room for covid19 patients in hospitals. So they have set up beds here in these warehouses, they have created a ....
Exchange, we bring a market moving news from around the world. Kong ifus from hong enda curran, we have Annmarie Hordern and emma chandra, and Michael Mckee joining us in new york. I want to show the slowdown. Bloombergs enda curran has more. Enda . Enda i think it was quite weak across the board, alex. The worst single month meeting retail002, which saw the sales side of things confirming that even though a lot of it was due to the slowdown in the car market, the auto market, there is a feeling that consumers are starting to track as well. The activeixed, investors side of it, we saw that lacking, pretty soft reading, setting up the economy for a pretty slow in to the year. Putting pressure on the government to respond. Alix thanks so much, enda curran come in hong kong. Saudi Oil Facilities were attacked. Annmarie hor ....
Lauren Technology Makes keeping up with work while out of the office easier but americans arent having it. The big lies we tell to keep our bosses from creeping in on our vacations p. It is wednesday, august 28th. Fbn a. M. Starts right now. Its all right, all right, girl. One day youll see. Youll never find a guy like me. Lauren welcome to fbn a. M. Good morning. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lauren lets take a look at how your money is moving this morning. U. S. Futures hugging the flat line, slightly higher if youre looking at the dow, up 18 points, s p up 4, nasdaq up 5. Cheryl watching the 10 year. The spread between the two and the 10 year yields inverted, kind of the worst numbers weve seen since 2007. The bond market signaling there could be a recession coming. Right now, the yield on the 10 year is 1. 48 , a gain of 8 basis points. So a little bit of a better sign this morning on that. Laur ....