Wave of protests across the country following a shooting of yet another black man, rayshard inoks, outside a wendys atlanta. All of it captured on video. First, i want to digest the market moves and bring in abigail doolittle, who has been following it all. Why such a volatile day . Abigail really a wild today. Today and overnight tonight, there was a risk off tone. There was a bit of a haven bid for bonds. Nasdaq up more than 1 . Thefixed on the nasdaq vix on the nasdaq had been above 40. At the close, below 40, so again, less fear at the end of the day. Trade, the stayathome trade. 6 , and credible, but tesla up 6 . If you believe it, that stock up more than 130 on the year. As for why, i would like to say it is something exciting, fundamentals, but that is really not the case. It has to do with the dollar. The chart in, the nasdaq 100 and white. When a dollar goes down, it helps risk assets go higher. What we had earlier today was up half a percent, now the dollar is down its call i
Good morning im becky quick along with joe kernen and ars there are some red arrows. You have to look at what has been happening over the last week joe mentioned it is up 3. 5 this week alone watch what has happened. The crazy whip saw market picking up again walking you through the dow. Thank for peter for helping me out with this. The record high 25,551 on november 12. Falling to the low on march 23, 18,591 yesterday, june 3, the dow up 41 back to 26,269 the same story with the s p. Looking at that, you will see it hit a record high 3,386 on february 19. Fell on march 23 to 2,237. Yesterday back to 3,122. It just shows you how rapidly these things have happened and how much ground has been made if you are looking at the nasdaq. Only up 1. 4 from the record close from february 20 treasury yields have picked up the 10year yielding 0. 746 . Crude oil prices are down this morning. Concerns that that opec plus meeting. That there will not be any cuts extended a lot of that comes as you ar
The 30year at 3. 222 and today is jobs friday lets look at expectations forecasters say that the economy probably added 160,000 jobs last month. The Unemployment Rate is seen Holding Steady at 3. 5 the backdrop for this mornings report, stocks at record highs the dow closing within points of 29,000 yesterday, 28,956 apple was a big driver shares of the neck giant up more than 2 and its also adding to the gains this morning its up another 2. 20. Apple last trading at 311. 84. On a trillion and a half. Trillion and a half market cap. It was a broad rally, all 11 sectors of the s p 500 closed higher. Are we taking the under on the jobs i just feel like it would be the under on the jobs. Youve got the weird seasonal things that take place. The number was so blow out last time. It revised higher than months before that, too. It seems like eventually theres a regression or whatever you want to call it to the mean. Im hoping its good. 160,000. 160,000 is a lot. Trade continuing to be a huge s
Most map li maybe upper 50s towards san jose. Up in the north bay santa rosa and the sun setting at 5 17. Were keeping it dry all weekend. Even a little warmer for your sunday. We talk about that in detail coming up. Julian. All right, thank you. Here we go. Its finally the nfc championship week weekend pl something a lot of fans have been waiting for. The bay area is budsing with hype. The 49ers taking on the packers at home to win the trip to the super bowl in sunny south florida. Now if you remember the niner dominated the packers in the regular season matchup in week 12. Today a couple of niners greats get ready for the nfc championship. Roger craig and debo Samuel Holding a pep rally at digs sporting vale in digs Sporting Goods 9 00 a. M. Great event for the kids. Its not just there. The gear is tough to come bay at this point. Fans are ready to rock the red and gold. South Bay Community journalist Dustin Dorsey found out some popular items are already sold out. Levi stadium, you
Tech hardware up 1. 5 of the week. What are you watching . As you can see it is off by 9. 5 and cutting back the orkforce, about 16,000 employees. Growth has been arranging from negative 10 to positive 10 . They are looking at zero top line growth. Next year could be negative 1 and looking to boost that around. If we look at the long time chart. You are back now down since the july of 2017 and hoping to turn around the bottom line. And earnings from share from 225 to 232. At least in the interim, that should help the bottom line. You have to do more to drive that top line growth and cant cut your way into growth. It was pretty notable turn around in the bond market today and look at the twoyear yield. T shot up four basis points. It wasnt a disaster as some had worried. In this chart, it faded back down by the end of the day, trading below 1. 4 . That is near the lowest. Curve ear yield so the is flatening. And perhaps it all goes to that feeling that the jobs report created. Note that