Listen, i know this market is going crazy after another fabulous day, the dow gaining 378 points i know it gets a little much as it is a 1 record high and Nasdaq Record high there are extreme valuations everywhere i see the mceldercloud stocks ad another incredible rally as few stocks are participating nasdaq is up 26 but a huge chunk of that is facebook, amazon, microsoft and alma bphat that gets the g in the acronym niece stocks are not that expensive if everything goes right for them everything that could go right has gone right the notion that apple supports a 2 trillion valuation is decemb disturbing for many people and there is skepticism that tesla up 390 for the year could be worth more than 375 billion. These are what people talk about. And theyre staggering moves when so many commentators said its absurd that tesla had a big market cap than ford and toyota, even though it makes fewer cars, its bigger than all of them combined everybody that fought them, they have thrown in th
Is time to double down on this red hot sector what it is and why the charts have it feeling so bullish. The feds stress test results are out. The fed is requiring large banks to limit dividends and buybacks after analyzing their resiliency during the pandemic the fed said that for the Third Quarter it is suspending the firms share repurchases, capping dividends and allowing them to proceed based on a formula derived from recent income the largest banks had already ended buybacks through the end of the Second Quarter but this actually takes it a step further. The fed will reassess those plans on a quarterly basis for the first time in ten years of stress testing, banks are required to resubmit their capital plans later this year to reflect the current environment. The vice chair notes there is material uncertainty about the trajectory for the economic recovery and its impact on banking organizations. Not all governors agreed to let the banks continue layouts even if theyre limited one g
That high temperatures going to give us some record heat today. The heat advisory will be high for tuesday. It does look like the hottest day 50s and 60s for your temp. The trail hills is already 59. They have a west, northwest at 66 degrees. Theres a lot of cloud cover on it goes into friday, saturday and the weekend. Notice is this the main focus . We go up to 205 and 580 approaching that area. Breaking news, an Early Morning brushfire was near the oakland coliseum. But it is under control now. Here are live pictures. We are right with the firefighters keeping an eye and looking at the hot spots. Here is what it looks like. The fire burned three and half acres. A second alarm was issued because you know how dry it is out there. How hot it is and how fast fire and flames can spread. The closest water supply was in oak court. He did pose a bit of a challenge. The full containment just after 5 am. And no one was hurt. Is a hot day across much of bay area. Theres also danger for many peo
Back to work for some italy and spain begin easing a few new restrictions plus. This decisions must be based 1st on foremost on protecting human hill the warns governments around the world against abandoning lockdown orders to. The number of new coronavirus cases is now nearing 2000000 worldwide but the some signs of light at the end of the tunnel china has approved 2 new experimental vaccines to be tested on humans Clinical Trials are also under way in the United States and there President Trump and his top disease expert Dr Anthony Fauci say the daily number of new infections is not growing as fast as before more than 1500 americans have died in the past 24 hours alone bringing the total number of dead there to over 23000. 00 thats the highest anywhere in the world and in europe spain has taken the 1st step in easing a nationwide lockdown hundreds of thousands of nonessential employees have been allowed to return to work italy is also easing some districts ones from tuesday but the W
The worst is over possible signs of hope in the u. S. Coronavirus at the center but the new york governor warns its no time to relax. And americans line up for miles that food banks across the country trying to feed their families during the virus lock the. Welcome to the program the number of coronavirus case is now nearing 2000000 worldwide but theres some signs of light at the end of the tunnel china has approved 2 new experimental coronavirus vaccines to be tested on humans Clinical Trials are also under way in the United States elsewhere india is extending its nationwide lockdown until may 3rd more than a 1000000000 people there have been ordered to stay indoors and all nonessential businesses have been closed in the u. S. President trump and his top disease expert Dr Anthony Fauci say that. A the number of new infections is not growing as fast as before more than 1500 americans have died in the past 24 hours alone bringing the total number of dead to over 23000 is the highest any