With erasingirting its gains. I well then drum again. 50 higheralmost volumes than usual. 21 higher. The commitment to the rally remains. Romaine we did see some precipitate dissipation. Microsoft and apple. ,oving deeper into the green amazon. Taylor participation from fallen angels, exactly what fed chair Jerome Powell wanted. The yield options adjusted spread, the sector has been the best performer of all of the highyield market. Since going back since the beginning of the year. Deutsche bank saying that the bb s trading above prepandemic levels. I want to take a look at some of those individual movers we are talking about. Casino stocks up 7 . Bank of america, as you have been mentioning, upgrading alaska and jetblue, saying that the leisure rebound is real. Saying that jetblue is a pure play on the recovery. Amazon, Online Shopping has been the biggest winner from this pandemic. Atally, we will take a look another chart inside my terminal. Caroline, i made this just for you. Globa
Is enormous and. I quote. I need to stop theres something wrong with. The cleaners social media shadow industry it starts tonight on d w. More than 5 percent g. D. P. Lost over the decade thats the u. S. Congress is grim projection of the Coronavirus Impact on the countrys economy and nationwide on rest could make the order of kicks through a recovery even told also after 2 months of lock down do not sit in government wants people back of work Health Experts say better stay at home and well show you a bavarian biotech firm that has everything it needs to fight deal coronavirus. Well almost earth. Welcome to the program the coronavirus pandemic could cost the u. S. Economy almost 16. 00 trillion dollars over the decade thats according to the Congressional Budget Office business closures and soles of distancing measures are expected to curtail Consumer Spending the bi partisan body says andresen nationwide unrest may worsen the situation. James feron camp had hoped to be serving beers ag
Is sunday, a cloudy one. 155 people have died in the county which is the highest of good morning. I am claudine long claudine any bay area county. The number of deaths reported weekly has been declining. Wong. I want to bring in the death rate that used to rosemary to talk about how cold be in double digits every week it was last night. Is now down to very low single that wind was going, and that digits. Cold was writing. The last two weeks, we have been able to come here on saturday, as much as we mourn the deaths, and we are sorry biting. Good morning, claudine and frank. For the families, we still have to say that two deaths per week the wind makes a difference. I was in an area close the is a much better indicator than a couple dozen. Distance and beach earlier in the day. It was cloudy and cool, but there was no breeze. Right now, there are 70 then i get back to the east bay people hospitalize with the and it was breezy. I needed the jacket. Coronavirus in Santa Clara County. Toda
You can see rolling in on the stiff breeze and 33mileperhour wind in fairfield. That is when you know the may gray is here to stay. Mostly cloudy afternoon even when your area gets rid of the low clouds which are mainly inland and stick around the bay for a while longer. High clouds will roll in and thats why you need the sunglasses on a limited basis today. And stay near 60 at the coast and only 71 to 76 at noon and 75 to 80 at 4 00 and a brisk temperature in the upper 60s. Grab a coat if youre heading out this evening. Kumasi, back to you. Thank you, mike. We have breaking news that we have been following all morning as protests continue in the twin cities. Minnesotas governor will hold a press Conference Today to discuss the response to the civil unrest that has been happening since the death of george floyd since he was in police custody. Violent protests and fires continued overnight and the minnesota governor says he expect charges to be filed soon against the Minneapolis Police
Should congress pay people to come back to work or cut the spigots off. I will ask congressman matt gaetz about that and so much more on making money. Charles stocks making a huge turn around this morning but i think several factors influenced pressure of selling in the last several sessions. The main problem i think is the fact that the market was and still is overbought. I take issue with blaming Retail Investors for being too enthusiastic. Second concerns about the economy as states do delay or reverse reopening plans. 10year bond yield plunged when it looked like we were on the verge of seeing massive rotation back into stocks. Fed action, accommodation has been fading, folks and wall street dithering. Wall street needs clarity from washington about what is going on there and playing the same old politics as usual. I want to ask to of my favorite experts, Gibbs Wealth Management president , erin gibbs and jack ablin. I will ask both of you in general, i will start with you, erin, t