Josh brown , some of the individual runs look amazing amazon 7, facebook 7 how long can this continue the other streak thats happening through the Looking Glass is continuing on pace as well small cap stocks look Terrible Bank stocks are the worst place you could be right now now you have the cruise lines and travel related stocks. Those are rolling back over again. I guess retail and energy are hanging in a bit better but the have notes are continuing to have not and so those trends can go on for a lot longer than most people can stomach watching them especially if they are on the wrong side of that its a very difficult market whats important to point out, its not just that nasdaq stocks are doing well the gains are particularly concentrated among the largest nasdaq stocks. We know that all you have to do is look at a ratio chart between the triple qetf and the qqqew which is the equal weight nasdaq etf. Yes, such a creature exists in the wild qqew is negative 2 on the year while the
Safe with investors going allin on the kind of stocks theyll be very sorry about if the good news for the past 24 hours fails to payoff. And thats how the dow surged 912 points the s p rocketed up 3. 15 . And the nasdaq 2. 44 too many of the socalled pro covid stocks you know what i mean when you look at pictures of lines at bars in ohio or wisconsin this weekend, im sure you saw them how about the packed beaches theres none left in jersey, and florida. Its clear america is reopening for business theyre putting in new rules and regulations to keep people safe, social distancing and happened washin hand washing people are ignoring them talk about better to be sorry than safe. Living in new york i know the virus is contagious. I hope the rest of the country doesnt have to find out the hard way this is reckless, but seeing the lines did make me more confident about the economy. It did seemed somehow good even though i know it could be dangerous second, we got a look at a totally reassurin
Good morning, everyone. The meeting will come to order. This is the may 20th, 2020, rescheduled budget and finance committee meeting. Im sandra lee fewer, chair of the budget and finance committee. Im joined by Committee Members Shamann Walton and rafael mandelman. Our clerk is miss linda wong. Id like to thank Lawrence Bryant from sfgov tv for broadcasting this meeting. Madam clerk, do you have any announcement . Clerk yes, maam. The board of supervisors, legislative chair and Committee Room are closed. However, members will participate in the meeting remotely, at the same extent if theyre physically present. Public comment will be available both channel 26 andsfgovtv. Org are dreaming the number across the screen. Each speaker will be allowed two minutes to speak. Comments or opportunities to speak during Public Comment period are available via phone, by calling 888 2045984, access 35010083501008. Code 3501008. And then press pound and pound again. When youre connected, dial one then
Flat for 2020 as tech continues to lead the gains. Financials and utilities amongst the worst performers today coming up on todays show, we will speak exclusively with sap ceo Christian Klein about his companys efforts to develop a coronavirus Contact Tracing app and what hes hearing from customers about the state of local business and the earnings reports will come fast and furiously this afternoon highlighted by lyft, grub hub, tmobile and well speak with tmobile Ceo Mike Sievert ahead of his companys Conference Calls just after numbers cross. The big stories we are watching, mike santoli following the volatile trading action, Steve Liesman with a look at the economy and another sobering jobs number today, and deirdre bosa is covering uber and lyft mike, start us off the s p struggling to stay in this zone for the past few weeks. This is a oneyear march its flattened out since april is it resting, rolling over . Its a bit of a standoff i think people are saying right now its preserve
Online more Central Bank Action from japan helping fuel the bulls and despite all of that, oil plunging again, down more than 20 as we see one Energy Company file for brankruptcy. Ahead on todays show, were taking a deep dive on the path forward for retailers. That sector deals with the fallout from the lock down well speak with about the issues facing the industry and be joined by former macys ceo as Department Stores deal with their own challenges and bankruptcy concerns swirl around the sector were up 5 on the s p with 59 minutes left citigroup is up 8 still down 42 year to date. Lets focus on the big stories were watching today mike is is tracking the market moves. Meg has the latest mike, lets kick it off with you and the broader markets. After about two weeks of going sideways, the s p 500 gets a little bit of a boost today to basically the levels it saw at the post crash highs of ten days ago. Take a look at how it fits into the broader picture here 2874 is a number that we firs