Virus could soon peak in new york city. Weve already seen the apex in madrid italy is clearly over the hump that means buy storks. Cover your shorts. The bull is backs todays run d 1627 points marking its best day in two weeks s p soaring 7. 03 . Nasdaq 7. 3 . Can it really be this easy or does this represent too much optimism i think its a bit of the latter wall street is a group of index buyers and traders when we care about the new number of coronavirus cases, number of hospitalizations and mortality rate index buying was so intense it moved stocks like they were play things now, does that mean we should buy the nasdaq when we have more ventilators, sell it if we dont have enough personal protective equipment . Do we buy the s p retail etf when we get a decent number from, i dont know, Governor Cuomo . No, its kind of ridiculous. Were simply seeing, though, the flip side of what happens when people were downbeat as they were last week when the president s team told us some pretty ho
Up. And mike, how are the roads looking. The rain left wet or damp roads and that could mean an issue for traction and a few vehicles facing sideways after they impact a Center Divide. No major injuries. Right now we are looking at this crash though. Highway 84 near the ge plant and it does sound like this car went of off the roadway into chain link fence. There is early slowing. The rest of the approach to the bay bridge is fine and ill show that coming up. Back to you. 5 01. A chase overnight. Bob redell is live in the neighborhood. And bob, so what happened here . Well, marcus and laura, we have reached out to chp Monterey Division because this is their case. Were still waiting to hear back but we believe this started as a chase in the Gilroy Hollister area and went up 101 and ended up in this neighborhood in south ands as you notice you would see that Law Enforcement has cleared a scene but this is what it looked like earlier this morning. Several officers and chp swarmed this inte
Probability an october fed rate to 90 Technology Leading todays come back nasdaq is higher up about 1 . We got our team of reporters standing by. They will break down todays whipsaw Market Action. First joining us is stephanie link interesting day weve had here we were on together at 10 00 market immediately went down i called almost a percent. Here we are back up. What do you make of it its a wild day its not over. I think its bad news is good news the data was soft. Both ism reports were soft well have to see what the nonfarm payroll will be tomorrow it will be on the softer side. What does that mean . Does the fed cut 60 chance for december cut, and speculation that maybe trump gets more desperate to get a deal done, trade deal done thats why we rallied. This is a pepsi market pepsi i like that it really is. Truly. They reported a good number, inline revenues. Market wants 4. 5 steady organic growth a steady yield paying 25 times. I cant do that because its too rich for me. Thats wh
Positive open to close out what has been a volatile week plus, more phones, please apple reportedly increasing production of iphone 11 models by 10 the shares are rallying. Also capitalism as we know it, is it dead or how much wealth is too much surprising thoughts from marc benioff and Mark Zuckerberg today. 136 is a good number the Unemployment Rate down to 3. 5. Retail loses 11 k. Manufacturing loses 2 k. Government up 22 this is a number which says to me that the fed can still cut because the sector being stagnant is manufacturing. A lot of that is the fact that the dollar is so strong. It is very interesting, they talked about hey, listen, we have tariffs, dont worry, the dollar is strong and the chinese currency is weak, it makes up for it thats something we have to be thinking about we continue to lose because of the currency so that gives the fed reason ability to move. I dont like that it is all healthcare again reminds me of the old economy. It is also a lot of government wor
Good morning, everyone. All good morning. I hope everyones had a good week so far. I certainly did whenever i was here a couple years ago. So this morning im going to talk to you about the food fights or rationing in world war ii. We all know that teenagers and most of us work with teenagers have large appetites. I have one at home with an incredibly large appetite. Id like to try to engage kids with a topic that not only fits their appetite but also increases their appetite for learning. And i find that food is oftentimes a very engaging topic. Napoleon or frederick the great, depending on who you listen to, once said that an army marches on its stomach. To supply not just the u. S. Army but increasingly throughout world war ii also that of our allies. Prisoners are war, and those we the people of the United States had to implement Innovative Solutions to foundational problems. Food production and distribution. These solutions impact not only wartime but also the way that we eat today