And nasdaq are positive, many caps higher with the exception of apple, how many times have we said that . Amd is a big gainer approaching 300 billion in market cap, its largest ever, nvidia what else closing out with another gain, almost 800 bucks, not so much for snowflake today, it is tracking for his worst day ever following earnings and guidance that takes us to our talk of the tape, we are really in a sweet spot for stocks. Lets ask gabriella santos, chief Market Strategist for jp morgan Asset Management live with us once again, nice to see you. Welcome back. What a month it has been, its been broadbased, nasdaq 5 , s p almost five, the dow is the lacquered. Are we set up for a week spot . We are seeing signs of that broadening out, one thing we do is we track contribution to returns of the 10 largest companies. As of january, 90 . It was a arryover of last years story where we said today is with only 74 of returns being driven by just a handful of stocks, we are getting closer to
commons. time for a look at the business news now. we start with the unfolding crisis in the red sea and concerns that the continued attacks on cargo ships by yemen s houthi rebels will affect developing countries the hardest. that s the warning from the world trade organization. today the us has launched a fourth round of airstrikes against the rebels the us military said it targeted missiles that could be intended for attacks on ships. as vessels divert to longer and more costly routes that avoid the red sea, supply chains have been disrupted and economists have warned it could add to inflation. the wto s director general, dr ngozi 0konjo iweala, has been speaking to our economic editor faisal islam at the world economic forum in switzerland. iamjoined i am joined here by the director general of the world trade organization. thank you forjoining 0rganization. thank you forjoining the bbc. 0bviously people are concerned about the fluidity of trade given this big geopolitic
because the boss of us chip giant intel has warned of a turbulent world this year. pat gelsinger has been speaking to our economics editor faisal islam at the world economic forum in davos. he said the current disruption to red sea shipping is another reason they were right to invest billions building factories in the us and europe rather than relying on asia. it s going to be a turbulent world, right? and obviously ukraine is still active, the israel situation, maybe broader implications in the middle east, obviously us china tensions. you know, it s a turbulent world in that regard. i think most view the economy probably a little bit slower to start with, some acceleration as we go through the year. and our strategy is very much around building resilient supply chains so that we re better prepared to handle some of the turbulence that we think is at least currently consistently seen year after year. just when we think things are calming down, it s not entirely calm ye
we start tomorrow with heavy rain, windy conditions in northern ireland that will push away as it starts to brighten up. we will see some further pulses of rain pushing north through scotland, persistently wet through parts of eastern scotland. as for wales, the western side of england, some showery rain occasionally too, just starting to push a little bit further in towards parts of the midlands and across northern england, whereas the eastern side of england, much of east anglia, for example, stays dry with warm, sunny spells. just looking into sunday evening, the rainjust peps up again towards south wales and south west england, and once again with a stronger breeze. low pressure close by throughout the week ahead, further rain or showers around. hello this is bbc news. the headlines: nasa calls off their second attempt to launch its most powerful rocket, artemis 1 to the moon five days after technical problems scuppered the first. moscow blames maintenance problems for
Encores of our newscasts. Were going to switch gears here, and right now at 6 00, struck by a stray bullet. An afternoon walk suddenly turning tragic for a woman near lake merritt. We have the latest on the search for her shooter. And leaving the muddy disaster behind at burning man. Well take you to the desert will festival goers are enduring long waits to get out. And white house blindlyside. First Lady Jill Biden tests positive for covid19. We are live with whats being done to ensure President Biden stays covidfree. This is today in the bay. Good tuesday morning. Thank you so much for starting it with us. Im kira klapper. Im kris sanchez. Marcus and laura have the morning off. Mike, you get back from your Holiday Weekend just in time to deliver great news for viewers. I like to stay away from the bad news. Westbound interstate 80 between vallejo and hercules opened hours earlier than expected. Caltrans was pacing that work to be ready for this mornings commute. They did it in less t