Will see the 2020 democratic ticket on stage, together for the very first time. What well do then is take you live to wilmington delaware where former Vice President joe biden will kickoff his campaign with his new president ial runningmate, as Vice President , california senator Kamala Harris each step of the way, what were going to do for you in this final hour is watch the markets, sectors, stocks, commodities for tick by tick reaction. Check it here markets in rally mode for the most instant reaction right now while its tempting to focus on the really huge jump for the nasdac look at this were up 235. Folks the index to watch is the s p. It is now within lets call it just under two points from its first record close since february, the number to watch, 3,386 were at 3,384 and change right now. All right, for months wall street has been gaming just who joe biden might pick as a runningmate and kind of fretting over you who the markets would react. Lets get to one of the top voices o
We have two huge interviews this hour first stephen ross of related company is a Real Estate Firm of 60 billion in properties. Hell tell us why he thinks Corporate America is entering into a cost cutting spiral thats what hes doing and hes seeing it elsewhere. Power lunch starts right now welcome opini lets take a quick check on the markets. The dough is up. The s p 500 is within striking distance of an all time high amazon and netflix all flat before the session financials and Energy Stocks both up more than 2 right now as that reopening rally seems to be broadening out. Tyler. Thaunk you very much the other group out performing today is boeing and the airlines boeing, united airlines, american, jet blue, southwest all jumping higher as the reopening rally gains steam. Phil has more on the moves in those sectors. High, phil its all about optimism its not looking at the near term which is ugly and how ugly is it. Take a look at the july order and delivery numbers from boeing this is no
Kelly, so remember last week we were talking about how value was outperforming growth last week that lasted exactly one week today were back at the old pattern and its basically growth and technology virtually over Everything Else theres the dow flattish on the day, but s p 500 still trying to get over that 3032 hump not easy to do, but tech overplaying, the investments, the bank stocks all did very well last week theyre a little lower today amazon had an awful week, down 8 last week guess what, its regained a good part of that loss today. Alphabet, apple and facebook all on the up side the trend is were back where we were the work from home stuff tends to do very well. This happened since that june 8 high we hit, so the pelotons and zoom videos of the world doing very well. What we call the reopening stocks, the travel and leisure stocks, are not doing very well, and we saw this last week fairly consistently for a while earnings, were about 10 through earnings season. We have about 10
Is the most loyal of them all, mornings with maria live right now. Maria top story right now 2020 democrats facing off in las vegas tonight, Michael Bloomberg making debut on debate stage ahead of nevada caucuses, democratic rivals taking him to task all night over controversial statements as well as wealth, Hillary Vaughn joins us with some of the highlights, hillary, good morning to you. Mayor Michael Bloomberg finally grade fellow candidates and that gave them a chance to finally challenge him face to face. A billionaire who calls women fat broads and horsefaced lesbians and no im not talking about donald trump, im talking about Michael Bloomberg, democrats take a huge risk if we just substitute one arrogant billionaire for another. I dont think you look at donald trump and say we need someone richer in the white house. We couldnt have to choose between one candidates who wants to burn the party down and another candidate who buys the other party out. I worked very hard for it and i
There. One is the regular commute at the bay bridge is getting busy if you are coming up on 6 00. We can go to the bay bridge and you can see that traffic is going to be busy which is very typical. I want to tell you about it anyway. Then we have to go to the far east bay to the byron area because there is a grass fire. Camino pablo. There is one way Traffic Control in the area. If you take bascom road you will see it and its going to add to your delays getting out of the byron area. If you are driving out of the tracy area you will see that traffic here is going to be okay if you are driving through. I want to mention on the Golden Gate Bridge approach, southbound 101, there is a crash just outside the Robin Williams tunnel. Southbound onetoone traffic is slow and if you are coming to the Golden Gate Bridge need to add an extra 10 or 15 minutes at least. Lets go back to the desk. Today marks 30 years since one of the most devastating earthquakes hit the bay area or in this country for