Ahead of the ball game for the peninsula. But off to conquer little bit behind and some pockets up there in the north bay to 78 by 11 00am by 2 oclock sunny skies and 89 will revisit a couple little 90s going on today. But then after that the night is taking a break and so well have a little flavor may be springlike weather kind of coming up for this weekend and early next week marty back to you sounds good dave thanks. A lot, lets get to our top story this friday morning. The u. S. Has seen a disturbing trend now in new coronavirus infections. On thursday there were more than 37,000 new cases reported and thats a singleday record. According to Johns Hopkins University Hospital there are currently over 9 million cases around the world. And 489,000 deaths. The u. S. Has over 2 million cases and 124,000 people have died from covid19 but over 663,000 have recovered here in the u. S. At least 30 states reported increase in cases, new mexico, arizona and texas are pausing their reopening pl
Lebeau a moment ago on the airlines and he is back with breaking news regarding american. Take a look at shares of american, the airline is announcing starting on july 1st, starting next wednesday, it will fill its planes completely remember until now it has capped its load factor or the percentage of seats that it would fill on a plane, it would cap it at 70 . Thats going to end as of next wednesday, also adding about 1,000 flights to its schedule in july so this is american saying weve got more people flying, weve got more demand and its time for us to fill these planes all the way. They stress people are still going to be required to wear masks, they will still be pushing the fact that theyre sanitizing planes in between every flight, but the time has come for them to sell every seat, fill every seat and no longer guarantee its capped at a 70 load factor. Guys, this is a day with a lot of airline news between this, the unions asking for another bayout and the airline ceos meeting wi
Other. Yesterday, down over 200 adding that, you are down more than 1,000 points of decline in early session right now. Well see what the market does as we get close tore reopening and of course to the closing bell today s p 500 down 33 and nasdaq down 101. The central bank indicated it would keep Interest Rates near zero projected that the u. S. Economy will shrink by 6. 5 in 2020. They do see a gain they are expected by 5 in 2021 followed by 3. 5 gain in 2022 and will continue increasing Bond Holdings and Mortgage Backed securities at 40 billion a month. Take a look at the 10year note, yield now sitting at 0. 698 . Crude oil prices have also come down a little too. Wti is down about 3 this morning. Ticking at 38. 38 a lot of this is because of what the fed is you no saying you are really expecting some tough economic sledding. The news out of 12, 13 states probably not great either. I think it would be hard for me to sell right now. You wait around. We dont invest. You would have wis
If retail buying cyclical, do you have to . And one of the potential movers u. S. , theket in the pharmaceutical analysts. A lot of pockets but we can start in the u. S. What is your biggest take away and how should the markets be taking it . I think the simple read of trying to analyze wave one, wave two, it really does not matter. At how thisto look rise in the number of cases, i think we talked about this last week, actually translates. Nobody wants to get infections running around still but we want to make sure that people, if they are getting hospitalized, that that is the hardest and best number to practice with. It is possible that because you are doing thousands more tests, you are obviously finding more infected people. Lets just keep an eye on the hospitalization rate. That is the one i am keen to look at. And it is not as well reported for some reason. So what is it telling us . I get what you are saying about the fact we are testing more and logically, therefore, the number
The bull side. The biggest 50 day in the s p 500 every and Lpl Financial says if you look at rallies like this, stocks were higher 100 of the time both six and 12 months later, josh. One of the funniest things is i talk to bulls and i talk to bears. They are both saying the same thing. We want to pull back someone pointed out 97 of the s p 500 is now above the 50day which i think is as of bought as you have seen in the history of markets. The rally has broadened out as a style box being absolutely on fire all week but even with intact lets take a look at triple qs made a new all time high this morning yet not one of the fang stocks is making the new high. Thats interesting then you look at qqew. Remember, thats the et if that tracks the triple qs as though every component were the same exact waiting. The equal wait qs. Thats up 15 in the last month versus the vanilla qs ths that e only up 11 all you could say is were over bought but if thats your biggest complaint now, its not really t