Dow only gaining 69 points, s p climbing. 35 . You got to wonder if the buyers are simply stooges are they ignoring headlines like fallout deep yeps for u. S. Strike that was from the wall street journal. And these headlines were as wide as you can get have we forgotten that iran vowed to get revenge for the assassination of its mastermind, general Qassem Soleimani are we whistling past the graveyard of their inevitable retaliation . It sure feels that way just a short 12 hours ago, the s p were looking down 1 news on the trumps adtrati administration 200 point dow jones deficit. What a comeback. So whats going on here . All right, look, im willing to suspend my belief that perhaps the markets wrong and give you some ideas because there could be many different forces at work first, investors have learned that these kinds of events tend to be buying opportunities since President Trump took office weve actually had three conflictrelated selloffs while they may have seen disturbing at the
This is not a drill. Gwyneth paltrow will join us after announcing her new show with netflix power lunch starts right now and welcome to power lunch. Lets take a look at the markets now. The dow well off the lows of the day. Still just barely in negative territory but earlier, down more than 200 points. The s p and nasdaq have now turned positive and check out shares of alphabet up 2 jumping to a high after Pivotal Research calls the tech giant a buy. Lets get started with bob pisani at the New York Stock Exchange for more on whats moving those markets e today this is different than friday, contessa again supporting the idea of these kind of events while emotionally disruptive have limited economic impact. Thats what the market is saying so like friday, the low is at the open heres friday and heres today theres the lows friday though, we saw a move to the upside in the middle of the day now, we have been slipping already. We are not slipping. We are holding up here late in the afternoo
Season trade came of an awful lot 18 times for those of you counting with participants noting that uncertainty continue to pose some risk to their outlook. They express concern about actibasi activity in manufacturing. Some participants commented on challenges to the energy and Agriculture Sector a couple noted that farm offsetting on farmers. As for risk, many saw it tilted to the downside. Some eased trade tensions with china and the probability of a no deal brexitlessen brexit lessened further. Some concerns were raised that keeping Interest Rates might encourage excessive risk taking in the financial sector. Some said it could be useful to cushioning the global economy. They struggled with how to phrase the 2 language some thought saying quote near 2 could be misinterpreted as suggesting that policy makers were comfortable with inflation running below that in the end they used both of those terms. Just couldnt decide. Thank you very much. Were going to turn to the other big stories
That little different and its also a little chillier at the coast. We normally see so it is one of those mornings its keeping you on your toes that yet again look out clear the golden gate is it is Crystal Clear out there along the coastline now as robin mentioned some of our inland areas such as the tri valley on up into the delta these areas right here are looking at some fog but the searching out into the Central Valley this morning but definitely a little clear all right along the bay, there are some spots though that could cause this visibility issues and are clear spots are actually well out towards the coastline. This morning now were going to see a lot of sunshine today. Thats not something were going to be short of a nice clearing day ahead of the holiday just around the corner. Good chance to get out there get some travels and some last minute shopping out of the way more and more of your off work now im sure in which case you up at 04 00am im very impressed. This monday morn
Livermore pick dense fog in the trivalley looking at half a mile for napa. Heading through the afternoon with the son, we are looking at school and below average temperatures running by police degrees below average. 52 in San Francisco. It also for oakland this afternoon. It was recovered 54 in san jose. We time out of the rain looking ahead for the week, coming up. Taking a look at the roadways, were dealing with some fog. Limited visibility. There is a fog advisory reports 680 between scott creek and diablo. Just a heads up heading out the door. Careful using 680. Limited visibility. Was found 580. Look at the travel times for 29 minutes to a five two 680. No delays 101 out of the south bay good to go. Work your way towards hercules, only 26 minutes. Overall pretty nice conditions on the freeways. Westbound eastshore freeway all the way into berkeley. Everything is in the green meaning youre moving at the limit. That goes for both directions. Checking the bay bridge, no troubles and