Protesters have created an opening for looters and police sometimes cant tell the difference between the two even from a purely business perspective, youd think people smashing up major retail destinations like the flagship macys would be bad for the stock market, right . Every time the market looks like its about to get clocked we get a stay of execution. Dow gained 268 points. Nasdaq advanced. 59 last night after president trumps fire and brim stone law and order speech, our futures plummet. Declaration of war replete with threatened deployment of the u. S. Army. Thats not the job, theyre war fighters makes you want to sell stocks for certain. Those futures looked ugly. All those images of looting didnt help. The futures stayed soft. I got up at 3 15 a. M. , expecting precarnage. Futures rallied again. An hour and a half later, the futures were up nicely you know what counteracted the pain a 4 rally in the german stock market with several of their borses not far behind. Yes, we actua
Were peppy boys. Three down weeks in a row for stocks. It looks like weget out of the gate in a positive way. Dow would open higher by 133. The s p is good for 21. Still early with the nasdaq which has been beaten up is up 89. Bond yields here come after declines of 2 last week for each of the major averages. Treasury yields spis part of th story. 10year treasury eased off last week, but still at 4. 29. Steve. The upper end of the range recently. 4. 30. Some people telling me 4. 50 is not out of the question. A lighter touch from the China Central bank. Lowered the oneyear prime rate by ten points. Economists expected 15point cut. The economists expected a 15basis point rate cut to the fiveyear prime rate. Major indices in china were down across the board. Palo alto here for liesmaniacs want to talk about the fed. Palo alto. You must have been talking about this. It is odd they did the release on the summer friday in the afternoon. It wasnt a bad one. It was a good one. Everybody thoug
Gianna. We have a couple of accidents plus some bart delays. Well start off with the bart delays. Word of track maintenance at daly city so its causing delays in the pittsburgbay point, pleasanton dublin direction. 15 to 20minute delays as well at macarthur in the fremont and millbrae directions due to a problem on the tracks. Elsewhere the freeways are doing lane changes at the Golden Gate Bridge. No delays if you work your way into San Francisco. Guadalupe parkway parkway word of an accident northbound at almaden expressway. Californias water rules are in effect and so people in the bay area finally getting the message. More than 80 customers of the dublinsan Ramon Services district have been hit with fines for using too much water. The limit is 640 gallons a day for private homes. Dozens of homeowners were fined for using more. The district hears all kinds of excuses, too. I have to wash my car. [ laughter ] i dont think so but its a porsche. I dont think so go to the professional c
The press, and defending his first month in office, and a call back to his sparring and freewheeling campaign style. Theres no person better to speak for President Trump than President Trump. And truth and consequences. Top democrats are calling for a 9 11 style commiio to investigate the russian inteeren into the u. S. Eltion, and whether anyone from team trump was involved. At least one republican is getting on board. Will others join in . Reporter yesterday the president said in his press brief nobody knew he was in contact with russian officials. Do you believe him . I have no idea. Good day, im katy tur in for Andrea Mitchell. President trump will tour a boeing facility in South Carolina and deliver remarks. Its his first stop in whats expected to be a pretty busy weekend. The president is leaving behind though a big opening at the white house, after his first choice to replace Michael Flynn as National Security adviser took a pass on the position. This morning, mr. Trump tweeted
FORT MYERS, Fla., May 28, 2024 Alico, Inc. has announced that Mitch Hutchcraft is joining the company in a newly created position as Executive Vice President of Real Estate, effective as of.