Joe, you tell me first, whats going to be the determining factor this month for stocks i think were going to need to see some value. Were going to have to see energy and financials come around i know i am asking for a lot to see those sectors participate. To your comments at the top of the show about the month of august and the impact that it has, went back and studied the last ten years and in the last ten years, if you did go and purchase or enter the market at the low point in august, at the end of the year, in each instance, except 2018, you were rewarded for that. I would be concerned if we dont see a correction because thats the set up in 2018 we never got the august correction and we set ourselves up for a really bad fall id like to see a bit of a correction i would like to see financials and value and energy participate here i think thats going to be important but any type of correction, the history of the last decade tells you thats an opportunity to be a buyer thinking forwar
For sure heartbreaking. But as a shop owner, i mean its devastating. Honestly i felt like throwing up yesterday. The uncertain future facing so many bay Area Businesses as the surge in cases continues to grow, forcing a new round of shutdowns. All of this is not only disheartening but for many businesses, its backbreaking. Theyve got to close at midnight. This comes after they reopened just yesterday. Nbc bay areas ian cull shows us whats happening tonight in Santa Clara County. Reporter it is reclosing time in the south bay, just two days after businesses like the barbers inc. Barbershop rejoiced in reopening. Then to have that rug pulled from underneath my feet again reporter owner dave diggs says he spent 30,000 last week paying four months of bills to get here, and now since Santa Clara County has been on the governors monitoring list for three days, barbers, hair and nail salons, places of worship, Shopping Malls and gyms must all close. Just trying to take a deep breath. Were goi
There a day. Julian glover, abc7 news. Thank you, julian. Not keep people from celebrating Cinco De Mayo. A crowd packed the lots and this is the same place where a crowd gathered on saturday. Officers came to enforce social distancing and the cars came back about an hour after that and after that the officers came back, too. They wont stay away. Theyll break it up, theyll take off, theyll come back. Theyll find another spot. It will just be like a cat and mouse game all day, all night. Well, officers will not be going into crowds to Issue Citations to people who are violating the social Distance Health order. 38 states are easing coronavirus restrictions, but cases are still on the rise and at least 19 of those. Jobina fortson is at the live desk with what trump is saying about the pandemic and reopening the country. Thank you, kumasi. President trump said he cant keep the country closed for a year so well see a ramped up testing, as well as ramped up production of face masks, as well
Than right now than it was this time yesterday in san hoe say. Its a similar story across the bay. Lets start off by showing you what it looks like out there right now from the camera on Treasure Island. Looking back towards the skyline. So in San Francisco, we will put the current numbers in front of this now. It is a cool 51 in San Francisco. Not that bad. But thats about 6 degrees cooler than yesterday. Now look at santa rosa. 36 degrees. It is just two degrees colder than it was yesterday. It was already cold enough in santa rosa yesterday. Two degrees wont make that big of a difference n south bay, you will notice its going to feel colder when you step outside today down in santa clara county. Thankfully, you dont have to deal with fog. Not down in the south bay or east bay. But look what happens when we get up to santa rosa in the north bay. Clears clear skies that allows the temperatures to go down to 36 the coldest spot in santa rosa. Same clear skies are responsible for the co
Negativity and fear in beltway, surging new record highs, with dow hovering near 29,000, it closed up 211. And nasdaq breaking through 9200 barrier for the first time, this is bulls and bears, thank you for joining us, i am david asman, today jonathan he hoenig. And gary kaltbaum. There no better combination than massive liquidity, a ton of cash on the side line, an economy that is growing and earning that are starting to reaccelerate. Bull markets feed on themselve as greed picks up, let me tell you, i am a big believer not in the dow but in nasdaq and technology. It is en few ego en fuego. I believe it has been a while since we had pullbacks. The more that continues up and up the more likely there will be a period of time, it could be 4 or 3 days where you have a sharp selloff based on something. Other factor, gary knows, that when you have Interest Rates below 2 and a lot of cash looking for returns equity look treve, yield on s p 500 alone. Dividend is above yield on 10year treasur