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You cant fell it to roll over you cant get it to fetch. Somehow people imagine there is discipline to the process that the action falls clear patterns. For example, when you get a spike of infections, the average is supported to get clobbered and that is what happened friday monday new ball game nasdaq advancing 1. 20 the bulls look at the spiking number of covid cases next to the not spiking number of fatalities and figure we made Real Progress fighting this disease so buy stocks into any kind of weakness we almost got back to even on the dow because mortality rates look like they are dropping. They are buying recovery stocks, not stay at home stocks. If you believe the spike in infections isnt an issue you want to bail on the covid stocks too many states are gradually shutting down to write this off as no big deal more on the index later in the show what happened today . Lets go over key parts. First, we have a reason that can ac ....
The china trade fight is clearly escalated. The president s holding on to a very strong line. Any resolution, it seems to me, pushed down the road. More on that coming up. If you combine the jobs report with the china story, heres how the market opens today. I thought we would be down about 100 points but we are coming back. We are down about 20 points for the dow. That will be 29 minutes from now. Maybe the markets taken the Financial News to mean that the fed can lower rates in the future. 600 points down the last two days, down about nine at the open this morning. The s p down about four, nasdaq down about 44. Tempering the losses. Heres another really big financial story which i dont think gets the right exposure. Interest rates. The tenyear treasury yield all the way down to 1. 88 . Money is pouring into america. Why not . Interest rates in germany today hit a record low. You want interest on a bond, you got to come to americ ....
Our microclimate forecast. Not the wind and the rain we were dealing with yesterday morning, but i know you have a lot to get to. Definitely some less gloomy skies on this first sunday of the month. Good morning, everyone. A bit of a breakdown here in san jose. As we go through oakland, some more dry conditions on the road there along 880. In San Francisco, we are noticing just a few drops on the lens there through downtown, and its being verified by what were seeing on satellite and radar, that cell pushing down into south city approaching parts of oakland in the next few minutes. Scattered rain through the east bay, the north bay. Less of that activity as we wake up and see those clouds down here through the south bay. As we go throughout the day, we continue this light scattered fashion as we go and plan our hourbyhour outlook. As we go into the second half of the day and into our workweek, we are going to see some showers conti ....
Right now at 11 00, and urgent warning from the chp and caltrans, as another storm barrels towards us. Avoid the sierra. Extremely dangerous driving conditions are expected. In fact, a blizzard warning is about to go to effect. The whole area bracing for the strongest storm of the season so far you can see it turning right there in the pacific tonight. Heavy snow there which means heavy rain here. Lets get right toward chief meteorologist, jeff ranieri, this is too much for two areas here. The reason why it will be one of the strongest storms for the season is this is the first storm system we are going to see dropdown from the arctic this strong. We have really seen most of the storm systems coming in from the south with those atmospheric rivers that have been overall word. So Doppler Radar right now, that neck storm system is just off to the north. Really, for tomorrow morning, i dont see any big problems for the commute, weve de ....
Right now at 11 00, and urgent warning from the chp and caltrans, as another storm barrels towards us. Avoid the sierra. Extremely dangerous driving conditions are expected. In fact, a blizzard warning is about to go to effect. The whole area bracing for the strongest storm of the season so far you can see it turning right there in the pacific tonight. Heavy snow there which means heavy rain here. Lets get right toward chief meteorologist, jeff ranieri, this is too much for two areas here. The reason why it will be one of the strongest storms for the season is this is the first storm system we are going to see dropdown from the arctic this strong. We have really seen most of the storm systems coming in from the south with those atmospheric rivers that have been overall word. So Doppler Radar right now, that neck storm system is just off to the north. Really, for tomorrow morning, i dont see any big problems for the commute, weve de ....