And maybe some headlines on stimulus before then hit a bit of a dip here dow down 150 or so. The nfl confirms covid cases among players and nonplayers with the Tennessee Titans. And governor comeau saying theyre now up 3 . We might start to talk about schools closing. Meanwhile valuations is where we will begin this morning as investors try to interpret data. The price to earnings ratio of a nasdaq 100 of the last ten years, the pe ratio, it is doubled and it is at that alltime high. As you see up there above 30 it was at around 15 to 18. 40 of that index is made up of just the five biggest tech stocks so here is the question. Are stock prices in big tech stretched to a point where the value wakes no longer makes sen. We have the editor and chief of the verge joining us we have not seen valuations among the biggest stretched to this point in a long time. I kaech hearing this whole peer group value thing, but what if theyre all out of whack yeah, i think that is a big question why would
Dow plunging 525 points. S p plummeting 2. 37 nasdaq nosediving 3. 02 . I got to tell you, i think this decline is healthy this market needed a beatdown if only a learning experience for people who thought it was too easy when the market is roaring, a lot of investors seem to forget the most fundamental rule, buy low, sell high they want to buy high and sell higher the problem with that strategy is when stocks go down, they go down hard. You tend to lose money faster than you make it rather than being panicked by the sell off you in a very proverse way should be cheering for it we needed this why . Because we needed to break the nasty pattern of 1999 to 2000 so many people refer to during the run the leaders never took a breather. They kept charging higher and higher until the market peaked when they collapsed. Millions of investors led to the slaughter house. I began to wonder we might be doomed to repeat the mistakes of the. Com era. The markets led by a hand full of Tech Companies b
Tonight, right this is true and also getting much hotter tomorrow to just kind of like a late summer day today but boy taking the gloves off by tomorrow, good morning morning, good morning, everybody. Live shot comes in from the golden gate not much of a breeze, although we expect an offshore wind to develop even noticeably here as we go into the weekend live shot coming in from the bay bridge toll plaza with the sun just about to join us over the east bay hills Temperature Check right now we have those lower 60s lining up the east bay shoreline up to the north bay, a mixture of 50s and 60s for comparisons sake we little warmer up there in the north and a good chunk of the east bay around midday, were just a touch cooler today not getting on to that red flag warning, heres the Coverage Area right over the east bay hills of those winds being offshore about 20 to 35 Solano County will be hit particularly hard which will be showing you this all kicking in about 9 oclock tonight being with
Will be treated in their official residence. Trump underwent tests for the virus after one of his top advisers reportedly fell ill during a Campaign Stop on wednesday. Hope hicks traveled with trump to cleveland earlier this week for his debate against democratic candidate joe biden. The coronavirus has been a central issue for the campaign as the United States has become the worlds biggest hot spot. More than 200,000 people there have died. Trump has been criticized for down playing the impact of the disease. He said in february its going to disappear one day like a miracle more recently hes been reluctant to call for people to wear masks despite repeated requests from experts. Following his diagnosis trump tweeted he and Melania Trump have already begun the Recovery Process saying we will get through this together. The first lady also took to social media to relay the news telling followers that she and her husband are feeling good. To find out more, we spoke to professor kubo fume a
And help his wife and partner come into her own. I know you have it in you. Aimee i do. Lemonis . Jd Custom Designs could just disappear. My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning, wondering if we have a job. Were gonna wake up every morning, wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Jeff jd customs. Lemonis in 2009, jeff and Aimee Dougherty started jd Custom Designs, a display Manufacturing Company that handles everything from design. Jeff 26 and 7 8s. Lemonis . To fabrication. The Company Started out strong. Aimee where do you want me to put this on the work order board . Lemonis reaching 2. 4 million of revenue in 2010 by focusing on displays primarily for the cosmetic industry. But a lack of working capital has left them in a constant catchup mode. Jeff we nee