More on all of this massive stock market volatility with 59 minutes left of trade. Coming up in the show, were down 2. 5 on the s p 500 and we have a big show coming up for you today were going to talk about all of those things that you just mentioned. We have former cisco ceo John Chambers coming up were going to talk about the comments from President Trump about potential decoupling between the u. S. And china and you will not want to miss what he has to say he previously used to run major Multinational Organization that operated both in the u. S. And had a small part of the business in china and then on todays selloff, you want to hear from Mike Novogratz the ceo and founder of galaxy digital. He said there was a frenzy in stocks he called for major selloff and what do we have on our hands now . Well hear what novogratz has to say now. Lets get to the big stories that were watching. Mike santoli is tracking another rough session for the market phil lebeau is following major moves in
This morning. It doesnt have anything to do with the moisture we had yesterday pick these clouds coming in from the coast. Nifty six in the santa rosa now. 58 in San Francisco. Low 60s and oakland and livermore. The marine layer is at 1200 feet. Inland cities waking up with sunshine but many of us have cloud cover and drier air and cooler down by 5 degrees in most areas. It has to do with the onshore breeze that is blowing all the way through the delta this morning. When it comes to the fog, visibility is tough along the coastline. Half moon bay reporting less than a quarter of a mile but everyone else looking okay. Look at whats going on with the added relative humidity, the fog is back. A bit of an onshore flow going on as well. Right there at the czu complex fire, we got great humidity. Temperatures are good and the winds are light. Getting into the afternoon for air quality, unhealthy for sensitive groups. North bay in the San Francisco coastline and through the center bay and east
Dollar. Shocks are shoveling and there is a haven did, signaling some uncertainty as we wait for some sort of a fiscal stimulus package around the pandemic out of d. C. Taylor what are we seeing in sector level in the first two weeks of august . Abigail it the cyclical field. Yesterday it felt Like Technology was gaining, but so far in august, the top sectors for the month of august are cyclical sectors, such as industrials, energy. Consumer discretionary is in , but the there reopening sectors are taking gain and also giving the idea support, the dow transport up until yesterday had been up 11 days in a row, the longest since 2010. That is the one index gaining come up 1. 3 . Investors hoping there will be a promise of a reopening ahead. That is what some sectors in the stock market are telling us. Taylor that is bloombergs Abigail Doolittle. We are going to go to the chief washington correspondent, Kevin Cirilli. He is standing right at the white house with the landmark deal with isr
Welcome. Amity. Cial guest is author of the forgotten man graphic. Biography of the 13th president. She is the author of a new book, the Great Society in history. In it, she shows that planning policy hurts both the nation and the individual. She shares the board of the Calvin Coolidge president ial foundation. Will turn the conversation over to gerrit. Thank you. I really appreciate the introductions. Thank you to the audience for tuning in at this time at this very unusual time where we are speaking to you. Hrough these webinars a lot of americans are dealing with these challenges. Really, the challenge that we face right now is a threepart one. We have the Public Health crisis , dealing with the worst pandemic since the 1918 spanish flu. We have a Foreign Policy crisis. And, of course, the topic of discussion today, which is the economic crisis. How we deal with that as a society, the ongoing shutdown that we face in the business closure and these kinds of things that have been seve