Right now this frid morning over e city. We look ahead to the weekend. Good morning. Its friday, january 29th. Another rainy morning. You saw all of that green on the radar. Lets get to meteorologist mary lee to talk about the weather. Hi, michelle. We are looking at light rain. We are dealing with wet weather as we start off the day. Zooming in on hidef doppler, you can see the green and orange colors. Orange and yellow colors. Light rain over san jose and down through 101 into morgan hill. You can see its pouring over you and light rain over fremont, hayward and livermore and san ramon at this hour. A live look at the San Francisco camera. You can see that light rain from concord, oakland and for livermore. Temperatures in the mid40s as well as San Francisco and san jose. 37 in santa rosa. As we head through the day, we are looking at a little bit of sunshine. So, partly cloudy to mostly cloudy skies. Highs in the low 50s on the coast and nd the bay inland. Can see ashead through the
Dow plunging and s p plummeting 2. 78 . And the nasdaq nosediving 4. 11 . Its tempting to try to learn something from the big bone crushers of the past so we can apply those bone crushers to the future two are alike but there can be similarities take the. C do. Com bust. The endless run from 1998 to march of 2000 followed by a rapid meltdown, what is happening here now, now that the nasdaq is 10 from size, im hearing about the buzz all day okay, the beat of 1998, the nasdaq stood at 1,585. 1,585. It roared to 5,100 by march of 2000 and plummeted to 3,155 by may. Fast forward to 19 year ago and a round trip to 1 ,585 it is your Worst Nightmare of course, there are horrendous sell offs. The 87 crash averages cut in half in a few hours time the financial crisis, dallas laid the waste from 14,000 to 6500 and the covid crash dow from 295 to 68 to above 18,000 march lows. Nasdaq sank. But its that rebound from the march lows thats drawing comparison to the. Com era the nasdaq surged 82 from
Winning streak falling by 300 points yesterday take a look at whats happening. Yesterdays session, the dow was down s p dipped back in for the year inching its way in the day before the nasdaq did power to a new record close and briefly broke above 10,000 for the first time. Lifted by amazon, apple, facebook and microsoft which all closed at record highs adding about 5 trillion. About the amount well spend in federal spending this year also take a look at whats been happening with u. S. Equity this hour both the dow and s p are under a little pressure. Dow indicated down by about 60 points s p down by 3. The nasdaq, even after all these gains is indicated up by about 17 points this morning taking a look at whats happening in the treasury market the 10year seems to be yielding 0. 797 crude oil prices are in the red. Crude oil prices, talking about the recovery theyve made. Talking about wti. Down about 2. 3 . What an improvement or a gain in crude oil prices now above 38 thank you it is
2020 fresh economic stimulus from beijing adding to the optimism but under the surface the russell 2000 seeing its worse day in a month and we got some mixed labor market data here in the u. S. Earlier in the session. We are up 235 points on the dow, near highs on the session for all three major averages joining us paul hickey cofounder of the spoke Investment Group very good afternoon to you happy new year to you. Where do you stan in terms of whether this bullishness is justified. Is it easy to pick bullish or bearish as we stand . When you look where things stand out, you look at the equity pros and cons which we look at on a regular basis, the pros are balanced with the cons. That doesnt suggest you should be taking a cautious view or just a neutral view implies average returns for the market Going Forward. And when we look whats going on in the market now, whats happening now, brett hits new high nasdaq hitting new highs what we follow closer than any other group is semiconductors
Returning money back to investors. Whats behind it and what it means for the Hedge Fund World the Investment Committee is ready to go. Halftime report starts right now. Good to have you with us. Our Investment Committee in front of you right there, joe terra nova and pete that jdiana becky quick reporting it could come as early as today, 5trillion did assets under management best day since 08 Charles Schwab for its best day since november of 2011 a lot to talk about here. The potential synergies are all about costs. If you think about it, Td Ameritrade has been this serial acquirer over the last couple of years and have been able to with scott trade have cost synergies and in terms of reduction of 60 to 70 i dont think youll have that type of Cost Reduction here with Charles Schwab i think it will be somewhere around 40 to 50 in terms of cost synergies but a strong dea for them specifically. Obviously very negative for etrade. I had talked about a couple of weeks back that etrade poten