Sunday, mothers day. Welcome to mornings on 2, it is sunday, may 10th. Im mike mibach. Good morning, im claudine wong. Lets start with a quick look at the weather. Rosemary, happy mothers day to you. A lot of people probably have brunch plans, outdoor plans. Yes. Happy mothers day to you claudine and to mike. You may laugh but everybody celebrates mothers day. If you have morning brunch, maybe avoid the coast. Some drizzle there. Mother nature serving up a near repeat of yesterday, meaning low clouds, a little fog, even that patchy drizzle for the Morning Hours. As we go into the afternoon these clouds are going to peel away and well be left with mostly sunny skies, at least away from the coast so. Mostly cloudy for today along the coast. Mostly sunny elsewhere. Its very widespread. As i shift into the east bay well look at the areas that are seeing sunshine, 80 three livermore, not going to have it. You have gray skies. Antioch, brentwood, oakley, a lot like yesterday, Discovery Bay a
Highflying Momentum Technology and biotech stocks that propel much of the markets for much of the past year, or highvalueing as or, profit taking or you get the idea, among biggest losers, google, apple, and yahoo , down 3. 5 , and investors bracing for what is expected to be an ugly earnings season. First quarter earnings for s p 500 companys to fall by 1. 2 , first year over year decline since First Quarter of 2012. All of this, and after a lackluster march jobs report friday, proved president obamas economic policies are not quite delivering the results needed to lower unemployment to acceptable levels. Obama ken economy sluggish. Some sign that it is effective. A major new Gallup Survey suggestions obamacare enrollment numbers are not as high as Obama Administration now claims, survey shows 15. 6 of adults are uninsured, down from 17. 1 at end of last year. Which translates to 3. 5 Million People who have now taken on healthcare coverage. Far from 7. 1 Million White House said sign
Between in doing so risks grave consequences and the rush of isolated internationally. As you israeli president shimon peres has made his chinese counterpart she didnt seem to be seen. The two leaders are expected to discuss cooperation in fields of science and technology to chinese billionaire li ka shing lost it in a two hundred and thirty Million Dollars to the user of Technology Institute to play for boston based in pay raises. Theres a scheduled to hold talks with chinese vice premier shine shine his light brightness that benjamin is in your last visit to china in may twenty thirteen when he next to the countrys top leaders to extend to restart peace talks with palestinians as soon as possible. Traditionally china has maintained a blend of middle east. Missy has had close relations with the palestinians decades the us to fix it reached it he too has been treated to a new cheaper each other this three day visit to china the chief of the two met with his chinese counterparts to disc
Highflying Momentum Technology and biotech stocks that propel much of the markets for much of the past year, or highvalueing as or, profit taking or you get the idea, among biggest losers, google, apple, and yahoo , down 3. 5 , and investors bracing for what is expected to be an ugly earnings season. First quarter earnings for s p 500 companys to fall by 1. 2 , first year over year decline since First Quarter of 2012. All of this, and after a lackluster march jobs report friday, proved president obamas economic policies are not quite delivering the results needed to lower unemployment to acceptable levels. Obama ken economy sluggish. Some sign that it is effective. A major new Gallup Survey suggestions obamacare enrollment numbers are not as high as Obama Administration now claims, survey shows 15. 6 of adults are uninsured, down from 17. 1 at end of last year. Which translates to 3. 5 Million People who have now taken on healthcare coverage. Far from 7. 1 Million White House said sign
Some people call it momentum stocks. They were down big last week. All of them big name tech stocks we follow closely. Amazon, netflix, a tesla, price line, facebook, most of them are down a b more except for netflix. I think sandra i am watching them too. Stuart this i think is a crucial day. Of the selling continues theres a lot further to fall but if some buyers come in they can stop the rot. You know investing. What do you say . Sandra in defense of the investor they shouldnt be getting in and out of stocks on a daily basis. If they own these stocks it is for a longterm buy and hold it you are a true investor. We are not talking about trading here. When you look at face book which you mentioned is in bear market territory meaning it sold off 20 from recent highs keep in mind if you are asking the questions should i buy it since it is so beaten down, it is double in value over it the past year. It is still expensive. It is still a pricey stock. Stuart this is david asman. Dave for t