Biontech, seeing a bounce. We know that pfizer is not a hype company its a big conservative company. When it sees things that are not working it is quick to say it. When it sees things that are working it is long to say it in other words, this is not a company that is a brag Guard Company so i am very surprised to see them come out this early. They must feel a level of confidence that is extraordinary versus what they typically do. David, youve known pfizer for very long, you know that pfizer is one of those companies that i guess you would regard as stodgy and certainly not a company that likes to get ahead of itself no. You would have to put it in that category, i think, so it is interesting that this has been shared as meg said and as we know 24 patients, jim, is not a lot. Very positive it would appear at this point i think always important to mention, though, that when we talk about a vaccine we are talking about the need for largescale trials as soon as possible because, of cours
How fast this economy will recover. We debate that today with our Investment Committee its good to have everybody with us josh, is that what this is is this a reality check of sorts on where we truly are and how long this recovery will take hold then we have this massive count r trend rally where it was just the opposite i think that was important for the market to have that catch up in a lot of the names that have been so substantially trashed, maybe big moves to the upside. See some excitement about companies that arent based in coopertino and thats fine again, the prevailing trend, the real trend is taking hold again today. Even the stay at home stocks are rallying again it almost feels like its blue team, red team lets say blue team is where people have really made the most money and then red team makes money occasion mally when they do those counter trend trades. I do think we had a two month bubble in day trading activity i dont know if its over yet. Fie it feels like its burstin
Because drier tends to allow temperatures to cool 72 at 10 00am by 1 oclock were at 84. Well revisit some 90s come this afternoon, minor cool down as we get to the middle of the week well have more of that coming up in a bit mark sounds great day. Thanks a lot, lets get to our top story this morning taking a step back as several counties in california, including the bay area are making changes to their plans to reopen as coronavirus cases spiked across the country we have Team Coverage this morning on the plans to scale back the reopening we have kron fours will tran. Whos live in Contra Costa County, but first lets start with kron 4 Sarah Stinson whos live in Marion County which is allowing some businesses to reopen this morning but not as many as originally planned thats exactly right robin one of the businesses that can reopen starting today or hair salons and barbershops live here at one of them can see on the sign says we are opening today, but they have a stop sign. Its as if you
A much overdue look at the cyclical rally and the reopening story in general the v rally that a lot of people have been hoping for has been inverted theres an inverted v thats actually been happening. Lets start with Energy Stocks marathon, mro. Marathon was 6 at the start of the month. It goes to 9 and back to 6. This is essentially an inverted v. Hess looks the same way. If you look at general electric, it goes from 6 to 9, i believe, and goes back down again to essentially 6 and change, same situation, a v there caterpillar looks the same way united airlines, we watched with our mouth open it goes from 30 to 50 and back into the 30 range, all of this in a few weeks the market cap of citi group goes to 60 and back essentially to 48 thats what im talking about these inverted vs travel and les yoisure, 30 to. Youd think bond proxies would do well in this environment, but not today. They had a modest rise about 10 in the last few weeks, but even they werent safe. The market has voted it
Get into that coming up marty back took a date thanks a lot. In taking a step back several counties in california including right here in the bay area are making changes to their plans to reopen as the coronavirus cases spiked across the country and we have Team Coverage for you this morning on the plans to scale back the reopening kron fours will tran in Contra Costa County this morning. But were going to start in the north bay with kron 4 Sarah Stinson live in marin county which is allowing some businesses to reopen this morning. But not as many as originally planned. Sarah. Marty thats exactly right and live here Larkspur Landing Area Shopping Center where theres tons of businesses and now its with a mixed bag. Whos going logan whos not going to be able to open will lay that out for you this morning, including the fact that right here 24 hour they are closed down as all are all gyms and Fitness Studios across Marion County that did not make the cut but lets start with the good news.