Is always virus lurking and last week it took installing the markets. Corporations are upping their expectations to earnings. We might get back to fundamentals at some point. Happens hopefully that because that is what it all comes down to, the u. S. Corporate profit outlook. With the virus still lurking, and the idea we are still in the first wave that hit new york first and is now spreading around the country, that has to make it difficult for countries to plan for the future. To the degree they are able to bring up assets for the future, they were brought down. Still lots of uncertainty. It is one of the cases where the proof will be in the pudding. Lets see how many stores look at apple closing their stores. Lets see how the reopening process goes, lets see how the payrolls report coming out thursday goes for the month of june. So much data, so much uncertainty, quite some time before we have a clear picture. Hopefully we do have a reconnection to what you are talking about, move b
Info va markwarner. Com. I know many of you are interested in getting involved and wondering how you can do so. I will pass it over to jimmy so he can give you information. Thanks. And im a Rogers Deputy field director with the coordinated campaign. The coordinated campaign is excited to be working on behalf of the senator and our great Democratic Candidates through november. While we are eager to be on the doors, there are many ways volunteers can get involved right now. You can go to markwarner va. Com digitalorganizing, you can get involved. We are here to excited to be here. Reach out if you have any questions. Great, thanks, jimmy. I will pass over to the senior senator of virginia, senator mark warner, to kick us off. Go ahead, senator. Sen. Warner watching the news over the last couple of months, from the administrations bungled response to the coronavirus to the response of the brutal murder of george floyd and the calls across our country for criminal Justice Reform, for Racia
Will have more on the San Francisco fire in a moment. I am frank mallicoat. Good morning i am allie rasmus but we have rosemary wrestle with us to give us a check on our weekend weather. It is going to be one for most of us this weekend. So becky has a notable warmup. We are waking up with mostly sunny skies, just a little bit a patchy fog along the coastline. Temperature will take a notable jump today. Getting alive look over areas of the golden gate bridge. If you look to the flag on the right side the wins are, and light. We are looking at temperatures well into the 70s, even mid 80s expected for inland cities today. The warming trend continues on sunday when are in land cities get very close to 90 degrees. It looks like memorial day monday will be even hotter than that. Temperatures are expected to peak in the mid to upper 90s before this warming trend is over. Details what you can expect r e up with just a bit but with the in San Francisco. The Early Morning fouralarm fire not too
Nation to closer to fulfilling her uncles dream. Ibm getting out of facial recognition business saying it could be used for good more than evil. The tech giant warning of dangers of technology. This is big news. Well have a whole lot more on that and more on making money. Charles all right, folks, nasdaq crossing the 10,000 mark for the First Time Ever but today well its clear that the overall rally is a little bit tired. Maybe looking to take a break, consolidate some gains. On that note we are seeing yellow flags of excess, speculation like massive call buying. Also running up shares of bankrupt companies. One was up 1000 . Theyre bankrupt i will say those i think are shortterm yellow flags. Nevertheless lets get the read from Capital Wealth Planning chief jeff saut and alicia levine. Jeff, i got to start with you. Youve been bullish throughout all of this. Youve been completely right. Is there a sense maybe the market has come too far too fast . Well we had a buy signal on march 24t
Going to session lows area traders have been looking past the escalating tensions to signs of the pandemic recovery. Hong kong is bracing for what the biggest protest in months as the City Government meets to discuss criminalizing disrespect for chinas National Anthem. Shery looking at markets trading at the moment, u. S. Futures are down. 1 as the s p 500 and the rest of the broader markets are in the green. Still fading in late trading sessions. The s p 500 going back below the 3000 level. It had stayed up but bloomberg reported the u. S. Is mulling sanctions on u. S. Officials and firms over Hong Kong Chinese officials and firms over hong kong. We got chipmakers exposed to china tumbling at the end of the session. The usual laggards led the gains today which was an interesting rotation when it comes to the markets. We had data, Consumer Confidence was stabilizing in may. Looking at a mixed session in asia as we get these conflicting signals like concerns over the u. S. China relatio