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Neighbors described this rodeo fire that broke out near highway 80 incoming skyway just before 2 oclock monday afternoon. What began as 2 small fires quickly merged into one in burned 230 acres because of strong winds wind at least one of the fires to get away from us and it burned past fortunately. They burn past all the petrochemical infrastructure. You can see behind me and also thankfully burn past a quite a few houses in north circular is. And headed out into the wilderness area thats bounded by interstate 80 on this side. Coming skyway to the north and highway 4 to the south and to the east as steve hill with Contra Costa County fire explains the wind fueled this fire but also push it away from homes nearby. Neighbors off california street say they could see the smoke and flames from their backyards. I saw the live this hour that some houses are probably getting like a 100 yards out a fire. So there are some neighborhoods neighbors back as were worried about it thankfully. No one
Corporate taxes will rise in the united states. That is the possibility, they will not rise as profoundly as they drop. I think it is not clear whether we can make that case or not at this point. Romaine we are speaking with stephen whiting. Here is where we close on the day. Pretty much a risk on day with all of the major indices, including the russell, getting in on the action. Caroline nasdaq up 2. 2 . You really can see where the commitment is within the sector. Volumes were lower. Just coming off the back of fourth of july. Indeed, about 10 for the dow jones in terms of trading. It is notable that we are seeing such outperformance from the nasdaq come up 16 year to date. Romaine we crossed back above some key technical levels. The 50 day moving average, it had actually been declining toward the middle of the end of last month. The s p 500tocks in that at one point today traded at or above the 52week highs. Most of those are actually record highs. You definitely have some enthusias
Tread the virus spread between people to the highest level. To the lowest level. Abigail very risk on. The bulls rushing back in. S p 500 up for a fifth day in a row. Longest winning streak of 2020. This is the first time we have had a fiveday string of gains. That tells you the degree and strength. Individual stocks having positive news. The nasdaq had a new alltime high. The stock, the chips index, same thing. Faang index driven by the likes of amazon and tesla. The fangs, those are the stayathome stocks. You were mentioning the virus data still being pretty bad. Realworld. Een the last couple of days, it has been a global rally with asian and european stocks. The new york faang adex really doing its best on yeartodate basis. Then it is the chinese tech stocks, the cqqs. Up 22 . S s p 500 and European Tech etfs up just about 6 . That has to do with those European Technology indexes. Nokia, somerickson, of these other companies. Tech, one of this years star winners right around the wo
Cases continue to surge at home and abroad. The World Health Organization reporting a new record high for u. S. Oneday infections. This person has been in the job for three different governments. Taking a look at how the markets are faring, u. S. Futures trading mixed. Lower onr we saw friday at the end of a risk on week for u. S. Equities that saw big gains across the board with the nasdaq closing at a record high. It was the first down week in four for the u. S. Dollar going into the july 4 weekend. Longesta stop to the winning streak since january for the greenback. Funding rates continue to decline with dollar libor falling to a low on friday. And the best week for the bloomberg gauge since 2016 with copper notching a second weekly 1800. D gold closer to spreadseeing contango widening. Wti is off, and Brent Holding above 32. 84. Haidi take a look at how things are shaping up early in the monday morning session. Seeing new zealand up. 2 . Chicago nikkei futures pointing to a mixed t