Hideous beatdown im going to make it real simple for you. The market is spectacular al beit mercurial fashion show. The same stocks that would strut down the runway greeted with oohhs and aahhs will be pelted by tomatoes. Stocks that have languished sell like hot cakes when styles change we call that a rotation on wall street. Investors are furiously recalibrating what theyre willing to pay for and just right now theyre happy to pay up for the stocks of solid companies with healthy dividends and ideally big buy backs. You know what . Theyve lost interest in the stocks of Fast Growing Companies when it comes to revenues. They issued huge gobs of equity and pay people or come up with bizarre new metrics or explain how theyre really doing okay even though they dont have much in the way of earnings if any. In other words, the cloud stocks are up salesforce. Com, adobe, workday, z scale, i could go on and on. These names were all smoking red hot and now theyre struggling you have to wonder
Im on the right track, baby. I was born this way. Im on the right track, baby. I was born this way. Born this way. Baby, i was born this way. Lauren good morning, welcome to fbn a. M. Im lauren simonetti. Tracee good morning, im tracee carrasco, in for cheryl casone. Lauren thank you for joining us. Lets take a look at you how your money is moving this morning. It was quiet in yesterdays session. Right now, on news that the u. S. And beijing have agreed to roll back some tariffs, if had they can reach a trade deal upon signing phase one of a trade deal, dow is up 156 points, nasdaq up 50 this morning. Tracee well, lets take a look at how asia is moving right now after had that news out of china. You can see all the nikkei, the hang seng and kospi pointing higher. Lauren european stocks trading to the upside as well. The biggest percentage gain is in germany, 116 points to the upside on the dax there. Lets start with that breaking news overnight and dig in a little deeper. China and the
Tonight around the bay area. Thats when the winds start to pick up. They will gust throughout the overnight into sunday. As for your saturday our air quality concerns around the bay for moderate air quality. Another spare the air alert today. As you can see the yellows swakting hazy conditions. So throughout the afternoon you notice the cooler day. Temperatures will climb slower today. Well have the hazy conditions with numbers in the midand upper 70s around noontime. A few low 80s towards our inland valleys. The winds not an issue today. They will be light and smoke drifting into the north, also sliding a bit down throughout the bay area. But we get to the gusty winds later this evening. Kate. Thanks, lisa. And in just two hours we find out how many of us in the bay area will be losing power. As part of pg es new right now of planned shut off latest information this morning pg e will make the final zipgs at 8 00 a. M. Who loses power. If the utilitys forecast holds, the north bay woul
On bbc news at 5. Sunday, saturday i should say, if that match will go ahead between eu countries agree to intensify brexit talks with the uk, scotla nd that match will go ahead between scotland and japan. Scotland said they are considering legal action if but both sides say more work they are considering legal action if the game is cancelled at the rugby is needed, to get a deal. I think both of us can see a pathway world cup. I will have more on that to a deal but that doesnt and an update on the japanese grand prix. Then which has the weather. Plenty of the rain around. There will be plenty of rain in the forecast. Apple not train everywhere this weekend all the time, but where the rain does full it is following on really soggy ground. So there could be problems of flooding for all of that plus the latest on the typhoon in japan just all of that plus the latest on the typhoon injapan just before half past. Also coming up, the long journey home. The five year old daughter is a man ja
Foreshadows a short squeeze on the dollar the feds so far 128000000000 dollar intervention in the repo market slipped off the wall street journals front page thursday evening hardly a concern dont be surprised if years from now the squeeze on short term borrowers that cause this flurry of excitement is recall as an Early Warning sign of the Banking Systems coming collapse on tuesday there simply werent enough dollars to keep Short Term Loans rolling this implies that the dollar short squeeze that i 1st wrote about barrons and the San Francisco examiner more than 2 decades ago may have. Array the dollar short squeeze the fascinating topic. This would be deflation according to the deflationists out there and how the collapse of the bond market the credit markets have. Continued despite all the money printing despite all the attempts to reliquefy Banking System doesnt matter the internal. Of the bond market as its traded internally by banks is continuing to collapse and on the surface thi