You know folks its been a really intriguing session so far with more winning sectors than losing sector which is is actually the reverse of earlier sessions this week when there were fewer winners but those winners were able to lift the s p 500 to a five day winning streak coming into today s session now the old momentum crowd looks tired in their new momentum darlings like overstock continues to surge, weve overall a remarkable week on wall street, but there does seem to be some confusion on where investors should be taking their next queue, so what do we need to do to keep this rally going into next week . I want to bring in global president heather zumaraga, Ci Financial Company rob luna and Strategic Wealth planner ceo mark tepper. Heather earnings season is a Huge Positive solid unemployment numbers this morning and even with the indecision overall market bias to the upside so whats going to be the spark though that really gets us moving perhaps next week . Well look the nasdac is
Whatsoever theyre pure slight of hand. Do i have more pencil . Stocks are also exactly what we need to help keep this market moving higher like we did today with the dow gaining 290, s p jumping and the nasdaq 2. 13 because apple and tesla gave you fantastic news about what it should be a 4 for 1 and 5 for 1 stock split respectively again, no new value but boy, do people love it theres a reason we have to feed the bull with more nourishing stock blitz and ill tell you why. Years ago individual investors deserted the stock market with the implosion of 2000, 2001 and financial crisis of 2007, 2009 they gave up on the asset class and started tiptoeing back, looked enticing and something would go wrong 2015 mini crashes. But in the past few years, beaten down individual investors, a lot of younger investors intrigued by low to no commissions. Finally started buying stocks again. Despite all the gray beards telling you its impossible to beat the market, despite the supposedly brilliant Mone
This is a tale of two states. Northern california and Southern California. Here are the rankings. The top five counties with the highest number covid19 cases all in Southern California. Los angeles, riverside, san diego, orange county, san bernardino. Thats 71 of all of californias covid19 cases. Meanwhile the bay area counties make up just 11 . So how do you explain the divide . Its hard to say why. Some of this is luck but i think we have to assume it has mostly to do with behavioral differences. In orange county, the Public Health officer was criticized so badly for enforcing mandatory masks, she ended up quitting. In the bay area there happen been any major outcry against mandatory masks. I dont think were in any danger. We need to keep a close eye on it. If we have to, shut it down a bit. Here are a couple major differences. L. A. Countys is 10 million. There are some differences, too, when it comes to Outdoor Recreation culture. So cal beaches with the hotter temperatures made he
Lufthansa looks to take off. Efrp eu regulators approve the plan bayer stock gets a boost after the german drug giant settled hundreds of claims around the weed killer roundup ending years of disputes it was a grim day on wall street losses more than 2 suggesting we will extend these losses after america recorded nearly 35,000 new covid19 cases in one day. The highest level since the number peaked in late april. California and florida both logged a record rise in daily cases. Disney has postponed the reopening of the park in california originally scheduled for july the delay comes as disney workers in florida urged local authorities to reconsider plans to open the orlando site due to a recent spike in cases. The company welcomed visitors to hong kong. Apple has shut a number of stores in texas due to the spike in the cases now temporarily closing seven houston area locations following similar moves in arizona, florida and north and South Carolina new york, new jersey, and connecticut i
Well, ive always wanted to say that i need to have a conversation with my Career Guidance counselor. That was not always in the plan. Good morning, thank you. We do have cooler lows this morning. I might get down to 52 degrees. That is a rarity this morning. Not today, we are running cooler under mostly clear skies. We have a little bit of fall to. We dont see much of it. Temperatures are near 50. There is a rarity. Northwest it looks like 41 degrees. It will be cooler when the north winds blow. It will be close to average for San Francisco. Tomorrow will be warm. We will have more on that in about 10 minutes. It is 5 01. Things are still quiet. Sal . There is nothing major just yet. This is the way we like it. Lets see what we have now in the morning commute. I want to show you, traffic is looking pretty good. Look at the bay bridge toll plaza. It should be a nice drive. Here in oakland, traffic is moving well in both directions. At 502 lets go back today. Money would go towards use o