Russian vaccine. Yeah. Which i guess is, i dont know i dont know are you going to take a russian vaccine . Thats about now, were really talking about a tremendous leap of faith a russian vaccine which i think theyve dubbed did chernobyl ii. Im going to pass. Is that a hard pass yeah, hard pass chernobyl its been approved even though its had trials. Easy come, easy go. Remember, they spent a fortune on the trial and a couple people died i dont think thats the russian way. Nor do i think when 28 people died in world war ii did necessarily everybody come to a fight with a machine gun fight and they have very little fear and its demonstrated in certain trials, really well, listen, we can hope theres great science there and there is something well, they used to have great science. And plenty of scientists, no doubt. And rockets they stole a Hydrogen Bomb from the rosenbergs, they can do that. Lets read what putin had to say, as far as i know a vaccine against a new coronavirus has been regi
Gained 160 points, but the nasdaq dipped 3. 4 we still care about the federal reserve. They know nothing just kidding. Or the president s speech tonight at the Republican National convention. But the core question is very simple, do you think we can beat covid19 sometime soon or are you expecting it to plague us into next year that can be difficult to see today, we were obsessed with fed chief jay powells big speech at jackson hole we parsed every word, and it wasnt worth parsing he was a prisoner of the flimsy orthodoxy, but these days he doesnt want to be the reason the economy falls apart. Hes saying forget the foolish ways of the past 40 years of fed chiefs his goal is to help the economy, period, until the pandemic lifts. Its joyful. Hes really smart and good guy thats a stock market like a supermarket. There are some aisles we want to go to when the virus is raging, and theres others we want to go to when its on the ropes. We dont know when well beat this thing ive been telling y
Dragged down by the more powerful bond market taking 357 points, s p falling. 82 nasdaq advanced a basis point, stunning comback but lets not get too carried away, still the worst woke for the averages since the financial crisis the bond market is bigger than the stock market we dont talk about it because its boring. But its important to the direction of your portfolio. Everythings wrapped up in bond yields always has been. I learned that 40 years ago. There are multibillion dollar programs that sell stocks whenever those yields go down. Its form got as lows a 1. 1 today, closing at 1. 16 thats a record low level, signaling the economy is growing weaker, and quality investors hide money in fixed income, coronavirus supply chain the bond market is screams that the coronavirus is far worse than most people realize Global Commerce will take a real hit and it might even be something similar to 2008 when all hell broke loose i cant tell you whether the bond market is right im not an epidemi
And we have video of the chinese communication has been an issue, tax reform is hard to vice premier meeting with u. S. Communicate. Dagen wrote trump is his own communicator, he is the best trade representative lighthizer communicator. Right now, only video, american maria see you soon, have a great day, varney and Company Begins now. Video of the meeting. Treasure secretary Steven Mnuchin joined for dinner, this stuart history about to unfold deal pauses tariffs Going Forward but still 250 billion on varney and company. In chinese import under 25 dignitaries assembled in the tariff and another 120 billion under 7 and a half percent until white house for the formal signing of the china trade deal. It will be quite a show. The president , Vice President , cabinet, members of congress, Top White House officials will all be there and so will phase 2. He will consider releasing chinas toplevel delegation. The vice premier, the commerce tariffs as part of phase 2. So theres, nothing to do
Area from 4 pm today until 4 pm saturday due to heavy rain. Rail rockslandebris flows. Watching entirebaear wind advis that starts from 10 am today until 7 am on saturday with gusts up to 40 to 50 miles per hour. Cloudy skies, foggy conditions this morning, showers and wins but it starts to ramp up this afternoon but it really gets going for us with the cold from pushing through tonight. That is when we will see the heaviest rain and strongest wins. This break in the weather be for the afternoon storm hits, it is no break at all for utility crews in San Francisco. They have been crisscrossing the city clearing storm drains ahead of the next round of rain. Some of them we know are prone to flooding and we want to get to those now the other ones we will find along the way. Doing what we can take we probably have five or six trucks out today doing what we cant and we will be out here through the storm. We are here and were doing it. In san jose sandbags are stacked up at the re cent road