Businesses stay afloat until we get a vaccine . The market doesnt remember, which is why it got crushed today. Dow plummeting down. The s p plunging 1. 16 and the nasdaq sinking 1. 3 , nice comeback there forget another bailout there is another possibility of a Government Shutdown next month. Stocks have been getting hammered for sometime now as i listened to the talking heads today, i was kind of autohear them suddenly recognize that the big tech names act terrible. Like wow, holy cow these are down a lot we better sell i mean, of course they were also acting terribly last week and the week before so a bounce could potentially be in the offering one held by the amazing rebound in apple which at its lows today was down 25 from highs earlier this month. Apple led the nasdaq 100 from morning oblivion drenched in red to bright green in a strong rally that nobody is taking seriously except for me. Before i get into where were headed, you need to understand why this moment is perilous for s
Decided to open up all fire stations with at least one engine per fire station on may 18. Reporter pg e is more worried about wind versus the dry weather. They are preparing for the summer. We are using last year as a barometer. Without one Public Safety power shut off that was all in june. The rest of them were in september and october. Reporter the municipal power district is warning. Is said they are prepared for drier weather. Even though this year is dry, we have enough supplies to make it through this year. We are not talking about rationing of any type. We are concerned for next year. Reporter trout, dry weather, this is just normal. Is always Good Practice to conserve water. The dry california summer is starting. In the east bay, reporting for kpix 5. We are seeing where the spring storms were not enough to offset the dry winter. Results of the seasons final know survey are in and it is not encouraging. As you can see, some thoughts, there was not much snow to measure. At this
Of apples report after the bell today. What is the right trade . Weve got it. Shares are down 7 since december. Is it time to buy . Sue is with us here in inglewood cliffs today. Hi ty. The dow plunging triple digits. Down 390 points at the low of the day. That was not enough to get the dow to a sixweek low and as he mentioned, were 100 points off of our low point of the session. Durable goods orders dropping sharply, and a number of dow components blaming that strong greenback for their weak earnings. This as the fed kicks off a twoday meeting on Interest Rates. Lets take a look at how the transports are performing. You just saw it. They were on the down side sharply. The tenyear note and the euro youre uptodate on all of those. The dollar is a crucial part of this story. Heres where we stand right now in terms of the currency trade. The euro bouncing today against the u. S. Dollar. Mary thompson at the nyse with more details on that. Hey. Hey there, sue. Stronger dollar and giving li