As the action ultimately turned negative today down. S p declining. 80 and believe it tech and 234nasdaq plunging 1. 6. This month the market is led by the covid winners, the names that do fine when the economy is frozen those are not the stocks that lead us higher when times are good but as we saw today, covid plays could lead lower when the economy is improving are we finally emerging from the trough lets consider the case here first, you need to know. Were in a dangerous place its dangerous to be where we are because you can never tell if the economy is really at an Inflection Point until after and even if it is, covid stocks make up the average and drag down everything were now in the third day of this rotation with the Fastest Growing covid winners, industrials, travelers, retail these groups struggled to find their footing because they are covid losers but now in the morning today but the last two days, they are on fire i mean, did they give up the ghost at the end of the day . I
Side 59 minutes heft in the session. Ahead on the todays show, within striking distance of the lows, Liz Ann Sonders weigh in on whether it is too late to get into the market rally. Plus, well speak from twillio ceo. Think lost steam on the back of the earnings and a stock offerings. Lets focus on the big stories joining us to talk stimulus in the Capital Gains tax is Chris Krueger. But first, mike with you and the Broader Markets. Stepping up a little bit from the highs. We have they make a very near approach to the closing highs from february about 3383. Right now somewhat lower than that this is a twoyear chart of the s p 500. Still doesnt look like much of a moderation in the trend. The v bottom off that december 28 nl lth low, we did get abovee prior september high we had a little followthrough for a new high then the occasion for really the first decent pull back of that run. Also very big moves in treasuries and gold. A lot of the hot money having a little bit of a violent day t
Outbreak. Other countries that were held up to try to make us look not as good as we should look because weve done an incredible job but theyre having a lot of outbreaks, they will be able to put them out and we put them out. The hospitalization has fallen in our country 54 since the peak in april. 54 . Older americans are still the most vulnerable to the virus. 92 of deaths have occurred among those 55 and older. Only 2. 7 of deaths have occurred among those 44 years, think of that, 44 years and younger. So 44 years old and younger, only 2. 7 of deaths have occurred. And many of those people had preexisting conditions. They had problems, heart, diabetes and other problems but many of those. So think of that. Only 2. 7 under 44 years of age. Excess mortality in europe this year is 33 higher than the United States. Evidence that the tragic costs of this virus is higher in other western nations. South korea, youve been reading about south korea doing well. They just had a very big break
The fire to drop water and retardant. Cal fire at any moment is scheduled to begin their evening briefing that the Community Center in scotts valley. As soon as they do, well bring it to you live. Right now, we want to bring in our chief meteorologist bill martin. What are the weather conditions looking like, bill . Well, just kind of like what you said. Weve had a good run of weather for firefighters. Cal fire has made exceptional progress. Most of this great weather has to do quit what im showing you here, this live shot of the fog coming in. Its cool, moist, doing its thing, and that has increased humidities in the fire zone, doubled and tripled the humidities, which is huge. Any firefighters will tell you that. We saw more smoke today on the peninsula, with more of a southerly wind bringing the smoke in from the santa cruz fire. So we have a lot of smoke. Thats why the air quality district has issued or extended their spare the air alert through friday, and thats just how its going
Also at the Atlanta History Center website. As at least and i are talking some of your weapon questions and you can use the q and a feature at the top of your screen and i will try to integrate as many of them as i am allowed. We will be broadcasting excerpts of this interview friday so you will hear me do what we call a real id to keep consistent sound while we are going and im so excited to speak with lisa who got first her first journalism job at cnn after interning at cnns new york and dc bureaus as a teenager. She reported for the new york times, place, msnbc and other outlets and is author of two previous books, radio shangrila and Raymond Jones about the man who made the mcdonalds portion and the woman who gave it all away so lisa, thank you for being with us. Im excited to talk about this book. Thank you, i used the Atlanta History Center for research so im excited to be virtually with the constituency now. Glad to have you and i think its difficult for some of the people who a