Decliner with points and percentages this morning. Those futures are off 117 points. Take a look at treasury yields. They were higher yesterday, but you are seeing a pullback this morning. The tenyear yield below 4. 18 . The twoyear yield at 4. 58. Joe mentioned that bitcoin continues to climb. It is down by 1 . 6 6 6 66,834. We are watching the price of gold futures. Gold hitting the record high close yesterday. That april contract jumped at 2,131. Despite the high, it is still below the inflation adjusted high of 3,200 which hit back in 1980. Alltime high. For gold. Yeah. You know, with inflation slowing, but money printing, less likely with no cuts maybe coming this year. Potentially. Or three later in the year. Yeah. Looming behind all that and were adding 1 trillion to our debt every 100 days. I read that the other day. Thats still climbing. Theres no relief in sight for that. Bitcoin as you keep talking about the halving in the next two months. I was reading something yesterday t
Im audrey asistio. Welcome to nbc bay area news at 4 30. Were going to tell you about the crucial vote that happened just hours ago. That will hike up water prices. Were also tracking other stories on this tuesday, including some news that shows just how hard it is to make it in the bay. The median home price in Santa Clara County just hit a new high mark 2 million. Our scott budman breaks down the new numbers for us. Also, protesters chained themselves up outside a google conference in Mountain View today. The demands theyre making from the Silicon Valley giant and take a look at this. Sick pelicans are popping up in the bay area and beyond. Why so many of them are needing to be treated are Jodi Hernandez goes to the International Bird rescue in search of those answers. But lets go ahead and begin today with your water bills. Because if you do live in the south bay, the price you pay is about to go up this afternoon, valley water approved a nearly 13 rate hike for much of Santa Clara
That song was for jason. Happy birthday jason. Jason is the husband of our producer katie. Who our boss calls a character on the show. You never see her, we just always talk about her, but shes in our ear. Have you a new fav right . I have a new obsession. Its the best little snack i found. While i girlfriend is lactose intolerance. She can eat very little things. Shes celiac. She has to find the best stuff. They are rx bars have you ever heard of them before . I have never heard of them before. The only thing are, dates, egg whites, almonds, cashews, kakow, coconut, sea salt and thats it. Ingredients, no bs. Thats all in there. So they are really good for you. How do they taste . I think they are really good. They look a little bit like a chewy dog toy . [laughter] but they are really good. Very good. This is chocolate coconut. I usually like the blueberry this is my new favorite thing so i had to share it. Its good i like it. Now im c to talk about something. Things you can do in ten
Dow plummeting 296 points. S p plunging 1. 87 nasdaq nosediving 2. 42 . I think this sell off is all about the way we got a strong dollar, the way oil has come down so much. And the way Interest Rates have plummeted. First, understand that stocks can react quickly stimuli. Because stocks are for the most part trading together commodity style like bushels of corn or wheat. It shouldnt be the case but we know it is. Short term stocks should trade based on the fundamentals. They are meant to be attached to but thanks to forces ranging from what the Federal Reserve is doing or saying to the price of oil, the politics to iowa strong polls to hedge funds betting against s p 500 futures rather than selling individual stocks that darn futures tail that wag and sometimes strangle. We get instant reactions that are just like the instant political analysis we heard the incident analysis is often wrong but that doesnt stop people from acting on it. Stocks are no different. Now we tend to think abo
Believe it or not, when Interest Rates plummet, its a good thing, you can buy a house or get financing for a car much more cheaper. When gasoline goes down, its a good thing because youre spending less money on a basic necessity. Think of it as a tax cut. Even the strong dollar, which has hurt so many of our international companys bottom line can be a good thing. It means you can travel overseas and get much more bang for your buck when youre there. So if all these good things are occurring in one day. Why does the market get beaten to a pulp . Dow plummeting 296 points. S p plunging 1. 87 nasdaq nosediving 2. 42 . I think this sell off is all about the way we got a strong dollar, the way oil has come down so much. And the way Interest Rates have plummeted. First, understand that stocks can react quickly stimuli. Because stocks are for the most style like bushels of corn or wheat. It shouldnt be the case but we know it is. Short term stocks should trade based on the fundamentals. They