The dow toing 25k. Steph, whats the significance of those big numbers we have now been able to get over . Its very positive. It makes people feel better especially if they were buying back in march and april and may. We have been getting pockets of activity thats picking up like the tsa travel numbers look bet per. Mortgage applications up four weeks in a row these are baby steps what this tells me is yes we had a horrific recession were still in it. Its probably going to recover a little bit faster than i initially expected i dont know if its a v but i think april and may are the worst months of the year on terms of the Economic Data and that we are going to start to see an improvement if you do see an improvement and get the economically sense tifr sto sensitive stocks to rebound, thats very encouraging. If you look at financials, they are down 26 on the year industrials are down 26 on the year these things could have a mean reversion and that could propel us higher along with Techno
Spot index down. 75 . That giving a boost equities as well. Within the equity market, the stops outperforming confirm the narrative is about reopening more economic optimism. The best performers are the likes of airlines, travel stops, the Airlines Index and hotel index up 10 or 7 . In the economic front, it is the more growth sensitive sectors leading the pack. Industrials up 4 in todays session. David which is a big change, it seems to me. In the past it was all about tech and health care. Now we are starting to see stocks that only do well if we can get on top of the virus. Is that because we have hope we are getting past it or because theyve gotten beaten down so badly at some point it makes sense . Kailey it is a little bit of both. Financials and energy are the worst performing sectors yeartodate so there may be buying coming into the market given how depressed the valuations are, but the fact that it is the cyclical growth centric stocks that are outperforming. Investors may be
We all need somebody to lean on that was the scene near the white house last night after days of unrest, anger, and violent confrontations. A Massive Group of protesters paused for a show of solidarity in song. These large crowds of people packed together raising new concerns among Health Professionals about the spread of the coronavirus, as well as fresh worries about tear gas. Earlier i spoke with dr. David eisenman. As always, thank you for joining us. An Oklahoma State Football Player says he tested positive for covid19 after attending a protest. He says he was asymptomatic. As protests continue in almost every part of the country, are you worried we will begin hearing more stories like this . Well certainly see more cases as people go to protests. Its also occurring at the same time as more people are socializing in general and more states open. Hi of course people can go to protests with face masks on. From what i can tell of the pictures and from firsthand reports, most people a
The hand. And this man is the man responsible. Tom is live in santa cruz with more on todays vigil. A huge turn out. It was a huge turn out. We are still seeing some people from the Community Come here and pay respects. You can see his infectious smile. Its something that a lot of the people here talked about today. Hundreds of people packed into the parking lot here outside of the sheriffs office. The sheriff said he couldnt describe the sense of loss that he felt when he woke up this morning. One of those people that was describing him as a model officer who was gentle and who avoided conflict, First Responders from across the region consoling fellow officers and family members joined by hundreds of citizens watching to show their respects. Were letting officers know that we have their back, you know . And that they matter, you know. His life wasnt lost in vain. Meanwhile, fbi, atf and chp investigators are coming the scene around the suspects home. Two other officers were wounded in
Making materials in a van. The suspect opened fire, leaving two other members of Law Enforcement hurt. We have video of Good Samaritans that captured him and held him down. And the machine gun and the rifle or whatever is right over here. Two guns in the pickup. In the video, you see a man in a red shirt there on the ground. He was holding on to the suspect. Two other neighbors were yelling out for deputies. Deputies arrive, as you can see. This is the man they were holding down, shown in a mug shot released just today. Community grieving after the violent chain of events that played out in the quiet Mountain Community between the south bay and santa cruz. Tonight people gathered to pay their respects. Reporter the community paid tribute to fallen officer. He died in an ambush of gunfire and explosives yesterday after responding to a call about a suspicious white van that could contain weapons. He left behind a wife and child and another one on the way. This resident lives on the same