Of mind blowing. Check out these numbers, the six biggest tech stocks losing more than 1 trillion in value in three days apple, microsoft, amazon, microsoft, tesla and facebook. This is kind of unbelievable on the way up, we kind of get i wont say we get used to it. Complacent. We dont quite notice it as much after the split, was apple up 40 or something remember when we were arguing about tesla at 500 a share . Look where it went eastbound the s p was up almost 60 since march. You get these crazy moves to the upside we should have been able to watch this after all these years and how quickly the corrections can come to get that move and have a correction in three days maybe we need to even revise the terms for how we talk about it given what the nasdaq has done, that perspective it is nothing it is not that shocking if you are a longterm investor, this is no big deal. If you were looking at this. Those six stocks losing a trillion in value, they are still up several trillions you are
Physically present. Public comment will be available on each item on the agenda and both channel 26 and other cable channels and sfgov are streaming the number across the screen. You can call 415 6550001. The meeting i. D. Is 416 9714708 and then press pound and pond again. When connected, you will hear meeting discussions and be in listening hold. When your item of interest comes up, star three to be ad to the speaker line and call from a quiet location, speak clearly and slowly and turn down your television or radio. You may submit Public Comment in either of the following way,s email myself at eict rock. Young sfgov. Org and via email to the board of supervisors. That completes my comments. Thank you so much and can you please read item number one. Item number one is ordinance of the administrative code to the Northern California of journalists as a nominating body to the board of supervisors to hold the seat on a Sunshine Ordinance Task force from a ratio ethnic minorityowned used
Jim, jon and shannon lets get a check on markets this hour. Stocks are plunging again. Off theirs worst levels and the nasdaq is the biggest loser of the day led by the Technology Names. The dow was up at one point this morning almost 250 points. Now has done a complete uturn and is down triple digits ina big way. Theyre off 425 points thats off the lows of the day the last couple of days, has it made you frightened of what could be to come no. Not at all i think this is healthy profit taking i think whats going on is this massive rotation from growth into value if you think about it, the russell 1000 growth index even after this pull back is up 21 year to date you know that apple and nvidia and zoom are up 340 from the march lows in is healthy i think the rotation makes sense. The reason it makes sense is because the Economic Data continues to surprise to the up side were recovering faster than anybody thought. This is on top of yesterdays data part of consumer manufacturing now youre
Edition of this weeks talkers. First off are you okay, tell us what happened to you. I was not afraid of being sent to china because when the police came to my house, almost 20 of them inside, i dont know how many outside, none of them, hong kong police. Maria your reaction to the economy today. During a rebound in Economic Activity from retail sales to him Industrial Production to housing, you have three main voices boosting the economy, the mass of domestic and global stimulus. Maria what do you think, what your reaction too, by harris . I spent most of the night going to the record as a prosecutor, that is my greatest love and probably the thing i know the best of, she is one of the worst prosecutors ive ever seen. Maria you believe the case against flynn was made up anyw anyway. Why has joe sullivan decided to put himself in the middle of the situation and continue to drag this out. Maria i have a document from the Senate Intel Committee showing Andrew Mccabe speaking to the Senate
Takeover by veolia brexit back lash nancy pelosi says there is no chance of u. S. uk trade deal warning britten ain to break the divorce treaty a warm welcome. Lets kick off the show with a look at the markets. Extending gains after the rally. We have turned negative. You can see all four of the Major Regions are trading lower. The ftse down a half a percentage point the dax has turned negative now. The big event for european investors, no doubt that ecb meeting coming out later today and reacting to the turn around we saw in the u. S. Markets yesterday. We did see major indices recoup the selloff. The positive momentum not enough to continue to todays session looking to the break down and the best performing parts. Food and beverage and travel and leisure also rebounding. Noting every sector et cetera travel and leisure advanced. Now one of the better performing parts of the market. Chemical, utilities and auto the worst in contrast are the Banking Sector down about 1 down sharply in