Francisco now stay at home ordes that is allowing more businesses to reopen in the city. Could even everyone im Frank Somerville and im julie julie haener. It was a Long Time Coming for many business owners. Ktvu is amber lee joins us now live shes in the citys Castro District tonight with more on what the re openings looked like amber, julie, i spoke with merchants here in castro and along valencia street. They tell me theyre thrilled to be able to offer more services, but that this is just the beginning. They need a whole lot more to survive. For the First Time Since the stay at home order in december, mx three fitness in the castro is able to offer indoor gym services such as personal training on lee. Three people are allowed inside at a time that gives us hope not enough to pay the red, but at least its going the white way nearby at catch outdoor dining, even on a cold january night is appealing to some somebody like making a delicious meal for me. Something different normalcy retu
Its competitor, nikola the Airlines Holding up after Morgan Stanleys bullish call on the group. The analyst will join us kelly, first over to you major aver raages are hitting their lowest levels. Bob has a look at the stocks making the biggest move today. Bob, lets start with you. Were in a 40point trading range. Were about to break out on the upside i know this sounds crazy lets look at the sectors and whats moving. Were not getting a lot of help from technology. It rallied early yiier but hasnt been moving as forward were getting nice moves from the industrial and Health Care Stocks these stocks rallied earlier off of their lows. Apple was 119 earlier. Its not moving the market forward here in the middle of the afternoon. Still off of their lows. Same with microsoft, nvidia, lam and some of the work from home stocks they were lower earlier but not rallying dramatically. All of them down wayfair was briefly positive slack has turned positive. The stocks are all off their lows most of
Joe, you tell me first, whats going to be the determining factor this month for stocks i think were going to need to see some value. Were going to have to see energy and financials come around i know i am asking for a lot to see those sectors participate. To your comments at the top of the show about the month of august and the impact that it has, went back and studied the last ten years and in the last ten years, if you did go and purchase or enter the market at the low point in august, at the end of the year, in each instance, except 2018, you were rewarded for that. I would be concerned if we dont see a correction because thats the set up in 2018 we never got the august correction and we set ourselves up for a really bad fall id like to see a bit of a correction i would like to see financials and value and energy participate here i think thats going to be important but any type of correction, the history of the last decade tells you thats an opportunity to be a buyer thinking forwar
Utx and Speaker Pelosi we have oil ceos at the white house later this afternoon and a pivotal day as this sba loan program tries to get off the ground, just an incredibly monumental challenge for the banks, government and Small Businesses that will apply im hopeful i know theres a lot of Community Banks up and running to do it theyve started. There are a lot of some very interesting smaller online banks that are ready to go well hear from Brian Moynihan from bank of america about whether theyre ready to go. Its been hard to understand i know i had to hire someone to understand it. I think that a banker can make sense of it. Theres a lot of money coming to people it would be a huge mistake for someone with two employees, three employees, to not immediately go to the bank the money is there you have to get it theyre ready with the money thats what i think. David . You disagree yeah, im here. Im here, guys were trying to establish this rhythm as to who talks in what order i know. I know w
Moderna theyre looking forward to move to vaccine testing. Were heeding warnings of social distancing. Were separating out. Were over an hour from the latest virus tax force briefing. What can we expect . I dont know. Here is what larry kudlow told me of possible stimulus. Roll the tape. Well reach for every available way to mitigate and stem and undergird both the health side and the economic side. Stuart his actual expression was, whatever it takes. All of that and more on making money. Stuart were sinking. Stocks are sinking across the board. There is economic uncertainty. The fed stepped in with rate cuts and injection of cash. Right now weve got the markets off of their lows of the day but only just. Here is an old friend of mine, old colleague, market watcher shah gilani. All right, shah, we saw this morning at the opening bell. We dropped 7 . Reopened the market. We dropped 12 . I was inclined to think that was the washout selling, catastrophe selling, the capitulation selling t