Runs out and shares of Bed Bath Beyond are surging, the retailer reports comps of 6 , online sales soaring 89 , jim so earlier in the week, jim, and even last week you seem to be pessimistic about the prospect of a compromise coming together. Do you feel any different this morning . Look, i think the Airline Layoffs are looming large because with layoffs come a cut in roots, with a cut in roots is a pain point, but i think its the senate, we keep talking about mnuchin and we keep talking about speaker pelosi, but i think the senate is buying into the president s vshaped recovery and i think Mitch Mcconnell is buying into it which says why do we need more we have a v shape, its just Certain Industries that can be triaged. I know that the industries represent small and mediumsized business so im against that, but i would say in favor of the mcconnell position, at least if you are looking at the stock market, this set of earnings, now, that is not what they care about and i dont want to m
Makes its way back in. Whats in store this week plus an update on wildfires. Today in the bay starts right now. And it is a good monday morning to you. Thanks so much for making us a part of that morning. Im marcus washington. And im laura garcia. I hope youre all coming off a great weekend. Well check that monday morning commute with mike in a bit. Lets check in with kari and see what we are in store for this week. Weve been watching the air quality thats been the big issue as temperatures have ramped up yesterday. As we look at what were expecting today still some drifts of smoke coming in especially for parts of the north bay as well as the bay and the coast. The east bay will have the worst of the air quality as we look at some better air quality for the south bay. Ill continue to monitor that, and well talk about temperatures coming up. Whats happening out on the roads now, mike . Mostly green sensors but a couple incidents marked on the map as we take it full screen. Youll see a
Hours. Thats going to be the issue, some drifts of smoke coming into parts of the bay area. Not all of us will start to see that smoke today as we look at what were expecting mostly for the north bay as well as the inland east bay. Thats where we will have the moderate air quality looking better for the south bay. Well talk more about whats ahead in the forecast coming up. Mike, how is it looking now for the morning commute . The big view, kari, shows us green sensors as we would imagine. In oakland we dont have the overnight construction but we did have a crash, the second one of the morning for the nimitz. Its on the shoulder. Over here a look at 680 south of 24 heading out of walnut creek weve gone to green from red over the last ten minutes. I think the overnight crew there has cleared from just south of the walnut creek interchange and things are moving nicely on the freeways. Slowing out of the altamont pass. Back to you. Americans remembering and reflecting on Justice Ruth Bader
It and shares of astrazeneca falling premarket, the drug maker hitting pause on its late stage Coronavirus Vaccine trial. Jim, you just tweeted coming to us in a few. Fired up about what . Fired up because i think that people have given up we had 10 correction, most of the people i heard except for jim pullsen in the previous show basically say, look, this is a dangerous its a bubble, its a bubble, its a bubble. Now, i think that anytime the market opens up big, carl, i dont like it but europe is up strong, i think that this idea that its a bubble, what is the it is the it tech is the it apple . Is it tesla . Lets take it case by case ive seen things that have come down a lot that are very interesting. Its just that im not sitting here saying this is the moment where you must buy all the zoom in the world but zoom just fell 30 zoom had a really great quarter. I had cloud strike on last night. People will say these are viciously overvalued, but they have come down and maybe this is the
We often talk about volume as a validator. With that big rally were seeing back up. Yeah, volume has been much heavier on the down side, on thursday, friday and saturday excuse me thursday, friday and tuesday, we saw much heavier volume than on days when the market was going up in the prior days, like monday, tuesday, wednesday last week. This happens when you get the blow off the tops, and then the skeptics say im not buying more into this,le vote tends to get a lot lighter. Then with when you start seeing the momentum, you have heavy volume, they want to take profits really fast ahead of the next guy, so today the volume is a bit lighter than on the three days where the selloff was really intense all right bob, thank you very much bob pisani lets talk about big tech leading the market higher, can you trust this bounce . Mark lehman is the ceo of J P Securities mike at jones is chairman of caravelle concepts michael, i begin with you. What do you make of the warnings from druggkenmill