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
Wall street. Thats clear. The dow clod at a fresh record today. The s p eeked out an alltime p high,ting it on track for the best year in two dades. Today the d gained another 23 points. Now at 28645. The nasdaq slipped a bit its peak but still above 9,000. And the s p rose byce 11 s. And it nachd its fifth straight week of gainsow much of the focus this ek has been on the Technology Sector with the nasdaq breaking through 9,000fare the first tim yesterday. We told you which stocks helped power to that level. Tonight dominic chu looks at the stocks that could take it high sfleer stocks like microsof facebook, apple and n individually have pushed the ds nasdaq to outperform over the major indices. If the bullish trends in markets continuing into 202 which nasdaq stocks are expected to do the heavy lifting . Since the nasdaq is a market valt weightedde the Biggest Companies have most influence over performance. Among t biggest names with market values of at least 100 billion, a handful a
Boeing and a new millennial nightmare out in kra california but we begin first with todays markets and bob pisani is track ing that record breaking action at the New York Stock Exchange and nasdaq getting a lot of love today thats because of big five are leading the way. All five of the biggest stocks apple, microsoft, amazon, facebook, when they move, everything moves nasdaq 100 leaders this year, guess what the same companies apple, facebook, microsoft, alphabet and amazon. Five company, nearly 40 elsewhere, bank stocks, big story for the year higher yields, loan improvement. New highs for many including many of the regional banks not today, but in the few week, theyve been up there as well. I know the nasdaq composite gets a lot of love. The nyse composite, which is down here, a compilation of all the stocks that trade down here, also at an historic high today just pointing that out, brian. Back to you. So bob, i got a question for you here if you are talking about the nasdaq at 9,0
So for the time being take 880 and well let you know when this gets cleared up. The same area westbound before golf shrinks stalled, big rig is out in lanes there, lane number four. And vasco rode at comean know avenue weve got an accident blocking both lanes there. And also a car into the ditch southbound 101 near steele lane and a tow truck sont way there, may be block a lane. Well keep you updated. Mike. Thank you, sue. Good morning, summer starts today and todays going to be one of our cooler days until we get to the weekend. 57 in San Francisco, 7 00. 59 oakland, you see 69 in san jose, oakland excuse me concord 67 and santa rosa about 69. Still 64. 70s and 80s in our inland neighborhoods and by 4 00 look at all those 80s and 90s inland with 60s and 70s around the bay. As we pull back to 7 00 this evening well have temperatures again in the 60s and 70s around the bay. Still some 80s to 90s inland. Heres reggie with more news. Thanks. Pg e has seen the most heat relalted outages th
60,000 homes and businesses in that region, they have already been left without power. President obama has ordered a state of emergency in florida, and hell send federal aid for that region. Government officials are working right now to make sure that everyone understands just how serious this storm is. This is likely the largest and most powerful hurricane to hit the United States in a decade or so. And the preparations that we have been making in advance of this storm i think are indicative we think it is. Do not surf. D not go on the beach. This will kill you. And people again told to get out of the path of the storm, and those who stayed behind may have a rough time of it, thats for sure. Firefighters in one county are now saying it is too dangerous for them to respond to calls. They are advising people to stay indoors. Experts say that storm will hug the hug coast as it makes its way up the coasts of georgia and South Carolina and then make its phoenix bound passengers came very c