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The National Guard is ordered out of washington as people protest continues. Lets check on the markets. Saw ong those gains we friday, resuming the rally on better than expected jobs numbers from that job support. We are seeing new zealand trading higher. Bouncing back from the friday selloff. Sidney, we dont have trading today due to the queens birthday, long weekend. We are watching the aussie dollar. In terms of u. S. Futures, we have seen a pop up of about 0. 5 . Lets look at the oil patch. We had the extension by opec in the alliance. We are seeing upside when it comes to crude, up by 1. 6 . New york crude just over 40 a barrel. Continued gains when it comes to commodity commodities related currencies. Sophie protests continue across the u. S. And around the world as some of the largest crowds gathered over the weekend. The demonstrations have been largely peaceful. Cities have lifted curfews and President Trump has ordered the National Guard out of washington. A bloomberg editor
There has to be a reason for stocks to keep going up, because there are no tail winds. Sure the economy is reopening all over the country we had great jobs report last friday but we still have 13 unemployment in this country as much as we want to reopen, the sectors that have turned redhot, thats why the dow dipped 300 today the tech heavy nasdaq advanced stocks can only go up so much based on the fact the world isnt ending lets take the two most exciting areas in this Market Airlines and cruise lines. Those juggernauts were marching towards their precovid highs neophyte internet goaded wagerers, betting that someone would come in and buy higher that worked for a while, but today it stopped when you invest on the greater pool theory, sooner or later you are out of fools there are times that the greater fool theory does indeed work i am not someone who will give you a hard time for making money the wrong way. The games in these groups are still very real. But if you are going to play th
Coronavirus cases in most area counties, which prompted the question, why . One possibility for the increase in numbers is that more people are being tested, but that may not tell the whole story. We are also seeing increased number of hospitalizations, so just suggesting that this is not only due to the increased number of testing. Because testing should not affect the number of people who get hospitalized is because dr. Lee riley, purpose of epidemiology and Infectious Diseases at uc berkeley thinks that the states reopening non phase 2 is the most important factor kris pickel almeda county made the news because it surpassed Seneca County as the county with the highest number of cases in the bay area. Mike those numbers from the health around showing 840 increase in covid19 cases from the week before. We did have a larger loosening of restrictions of her shoulders order around may 4th, the lot for construction, more outdoor activities. Reporter there are now 450 new cases in Alameda
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