Dont bet against progress thats the lesson for todays stock market where the gross name came roaring back the nasdaq surged 3. 85 . I know what you are thinking. It feels like the whole republic fringes. Well, excuse me. We are having one of the greatest rallies i have ever seen despite all the worries, the woes about the market tanking if Election Night was in indecisive indecisive like it or not, the people spoke. Whether biden or trump ends up on top, it looks like buy den right now. The democrats will have the house and the republicans will have the senate. At least two years of boring do nothing government even with the pandemic and the high unemployment and of course just kind of anger, americans seemed satisfy with the status q quo. They certainly dont want higher taxes. Something that would have been on the agenda if the socalled blue wave has washed in. Thats a big deal. I know based on the polling, i was worried what may happen to stock with a blue wave just stocks. I am sure
Most noticeably at the coast, thats where we feel the biggest drop in temperatures today. If you are inland you may not notice a whole lot of difference maybe a couple of degrees cooler but not enough to make a significant change. If we look outside now, the numbers have a sitting right around the upper 50s for most locations although our cold spot in santa rosa at 49 and a look ahead to the rest of today. That number inland, 94 degrees for the daytime high, that is still coming in about 15 to 16 degrees above average for this time of year but it does pull us back a couple of degrees from where we were yesterday. Look at the bay, 82. We were sitting in the low 90s for much of the bay yesterday. So that will be an improvement that you will field and to show you what the detail highs look like across the bay area in general, low 90s for places like concord and livermore. 89, santa rosa. 81 in oakland. That number yesterday was 93, we are done doing 90s in the city. Ill sue you with the r
More on all of this massive stock market volatility with 59 minutes left of trade. Coming up in the show, were down 2. 5 on the s p 500 and we have a big show coming up for you today were going to talk about all of those things that you just mentioned. We have former cisco ceo John Chambers coming up were going to talk about the comments from President Trump about potential decoupling between the u. S. And china and you will not want to miss what he has to say he previously used to run major Multinational Organization that operated both in the u. S. And had a small part of the business in china and then on todays selloff, you want to hear from Mike Novogratz the ceo and founder of galaxy digital. He said there was a frenzy in stocks he called for major selloff and what do we have on our hands now . Well hear what novogratz has to say now. Lets get to the big stories that were watching. Mike santoli is tracking another rough session for the market phil lebeau is following major moves in
Saying if the infection rate in new york state remained low and statewide give or take, it is low, hovering around the 1 mark the schools could open. Governor cuomo previously said if it stayed below 5 they could open if it were to spike up to 9 they would then close down so this is in line with that, what the governor is saying today. The most important part of all of this is what the local jurisdictions decide to do, and the way it played out in new york is that the local superintendents of School Districts around the state submitted their plan by last friday. Now, some didnt get a plan in at all but most did, and most of those superintendents submitted a plan that had some blended approach, meaning that even if School Districts be open to in person learning, students would not be going backtoschool five days a week, in some districts they would, but in most they would not. It be one or two or three days a week, some rotating system that allows the schools to have a smaller presence
About to see can be viewed in entirety by visiting our website booktv. Org and using the search function at the top of the page. First in february of 2015 the American Enterprise institutes peter appeared on our Author Interview program afterwards where he argued that Government Housing policy caused the 2008 financial crisis. Peter, your new book is called hidden in plain sight, what really caused the worlds financial crisis and why it can happen again. You were a member of the Financial Crisis Commission which was investigating the causes to have 07, 08 financial crisis. What did you see that they didnt . I had been locking at the housing system in the United States, doddfrank and well, im sorry, doddfrank and fannie mae for quite a while before i got on the commission. I had a lot of background on what had been happening in the housing sector, so i was looking for the commission to look into what happened with fannie mae and freddie mac and what role they had played in the housing c