Times Peterson Foundation poll, only 14, 14, 14 of families own stocks outright. Meaning the market is creating all this wealth for the few, not the many 60 of americans dont even know that stocks are up for the year and theyve advanced 24 hallelujah so after a sedate day where the dow gained 28 points, the nasdaq climbed 0. 05 , lets talk about what the heck is going on here i think its a lot more complicated than simple ignorance. The first reason why people who can afford to own stocks are sitting on the sidelines earning very little, the disastrous bear market at the turn of the century impoverished a whole generation of individual investors who got burned by chasing, yes, the hottest stocks imaginable when the dot com crash hit, it ended the greatest love affair ever told. I was part of it i started the street. Com in 1995 immediately found hundreds of thousands of people with a thirst for any investing knowledge to level the Playing Field. Between the rich and the not so rich at
Annabelle we are cutting down to asia major market trading opened at the top stories this hour. The s p 500 closes in historic high as the Federal Reserve signals its on track to cut rates for the first time in two years. Haidi officials maintaining the outlook for three cuts this year suggesting that the reason of tech inflation is an uptick in inflation. Annabelle reddit is at 34 a piece, it sold more than 15,000 shares in the offering. Breaking news at the top of the hour, the hkma keeping its base rate at 5. 75 . No big surprises given the hkma is not an independent authority, it follows that that in its policy changes but certainly the organization has been under pressure given this is an environment that has been part of the bahai fed rate environment and the weakness in the chinese economy, something not easy for hong kong to be in, really. Haidi not at all, we monitor the singling out of the fat and in a lot of ways perhaps the fed meeting, the guidance, the tweaks to the dot p
Market cap year alone ed and while ways chip huaweis ship that used technology from two u. S. Manufacturers. Caroline a macro environment paints the picture of a Good Environment that is not so hot that the fed cannot pull back on rates. 6 10 percent higher on the nasdaq, a new record high for the nasdaq and s p 500. Yes, tech leads the charge and ai is the area of focus, but we cvs see the s p push higher. What else do we see it clips . The record we saw on bitcoin. We get a new number. 70,000 is where we managed to push up to, we are back down briefly, but this seems to have legs. Ed, what do you have going . Ed lets start with rivian a day two, feelgood vibe after it unveiled its are two. For me pausing plans for a new factory in georgia. Broadcom earnings, sales missed in the order, but their outlook for this fiscal year is saying that ai is going to contribute to growth early 5 . Theyd previously said 25 . These are the u. S. Chip makers that are implicated in this scoop from bloo
Major changes to Public Transportation in the bay area and what it means for the future of mass transit. I am christine zee. We got a great conversation for you today. Three of them, in fact. Youre watching getting answers on abc7 every day we talk with experts about issues important to the bay area and you just in the last two hours caltrain announced fare increases starting in 2025. The announcement comes just as bart implements big changes to try to improve its service with ridership still far from prepandemic levels. Joining us live now is john goodwin, assistant director of communications at the metropolitan transportation commission. John, nice to see you. Good to see you, too, kristin. Good afternoon. Good afternoon. Lots of changes for us to talk about. Lets start with bart. Since its service is many times more riders in the bay area, lets go ahead and show the key changes on a graphic here and maybe you can elaborate for us and explain the thinking. So we have the 20 minute ma