After a hideous day like today where the dow plunged 923 points and s p plunged and the nasdaq down 3. 73 would it be liberating to dump the shot shoot match and cash in your ira and take out your 401k and sell funds to preserve some cash perfectly sensible emotion sure, thats the problem emotions whether trading or investing, you cant make decisions based on your feud you want to vanish the pain, i totally get that you are probably making a mistake. Look at the tsunami of selling that we have today i may tell you to stand there and let the wave crushes you, i am simply telling you not to panic. I know from experience and i have been doing this for 40 years and i am not a calm guy. Every time i panic, it costs me money. In four decades, i can remember one moment when panic was a strategy thats why in the fall of 2008 i made a rare sale everything call at the time it was collapsing. The incredible call to get back into the stock market. 2020 is not 2008 we got a run away pandemic and ho
Even notice this wind last night. If you didnt know advertise it last night, youre going to not notice it tonight. And were also seeing despite this red flag warning, an onshore flow at the surface. We have fog at the coast, and that is good news, generally. Temperatures are running 25 to 30 degrees cooler than last night at this time. This is the winds, right . See the areas . Thats the north wind essentially. Thats this afternoon. See the fog come back in. And then watch this. Thats onshore flow. This is about 5 00 tomorrow morning. Thats the red flag warning, but look at the wind speeds in the north bay. 24 miles an hour. Its not going to be a or shouldnt be a robust overnight like we had last night. So the red flag warning is up. The hills above 1,000 feet. But it does not look as strong as last night. So if you felt good about last night where you lived, youll feel better about tonight. Of course well keep an eye on it. Ill see you back here in just a little bit. The power shutoff
Has fueled wildfires that have born burned more than a million and a half acres. Laura has become a category four storm. It is expected to make landfall tonight. We will have the latest on its movement in just a moment. Force. Rce joint the company beat estimates. We will talk to Ceo Marc Benioff live this hour. There is no one bigger than rhode island representative line. Cicil i sat down with the congressman for an exclusive interview that is ahead later this hour. If its politics you want more of, you can watch the Republican National convention tonight on bloomberg television. Viceyes will be on president mike pence as he makes the case for President Trumps reelection. We will bring you that coverage at 10 00 p. M. Eastern time. Our Bloomberg Markets correspondent Abigail Doolittle is with us. Abigail more record highs. I think you nailed it, talking about the fed liquidity. That has been the driver for the rally, right out of the march lows. The fed successfully stirred the animal
Unhealthy air this rnsoutbay, s unhealthy air for sensitive groups. Unhealthy air for the east bay and fremont and up through concord and walnut creek. Unhealthy air in oakland for you and you can see in San Francisco, those purple dots and that indicates unhealthy to very unhealthy air this morning. Up through lark spur and san rafael and unhealthy air for santa rosa and petaluma up through windsor. So our 24th day in a row with a spare the air alert in effect due to our smoky skies. And a new record for the bay area and im tracking the smoke. This is our smoke model that shows the purple and red colors indicating that intense smoke for our region. Well talk more about what you can expect through the rest of the week into next week and if there are any improving conditions details on that coming up. Michelle . All right, mary, thank you. And images of that unprecedented orange sky across the bay made National Headlines yesterday. Plenty of people say the smoke choked skies is giving t
How a new outlook on Racial Justice might show up on the field. And Climate Change warriors. In eye on innovation, how a tiny deep sea animal could be showing us the way to a cleaner planet. First, heres todays eye opener. Its your world in 90 seconds. I still like playing it down because i dont want to create a panic. Newly released recordings show what the president knew about the coronavirus and when. Its clear the president knows what the stakes are, but hes not sharing that with the public. This is the tragedy. The president of the United States has a duty to warn. Knowingly and willingly lied about the threat to the country. Im not going to drive this country or the world into a frenzy. Reporter a whistleblower at the department of Homeland Security says he was demoets forward refusing to change intelligence reports. I dont know who he is, and its hearsay. The whole community is decimated. We need more firefighting resources. An epic wildfire battle up and down the west coast. Or