Nervous and seeking that safety. Now you have the 10 year yield higher. Over the long run, if that continues, that will actually be a headwind. Today you have to take it as a signal investors not wanting havens. , the new yorkand faang complex, the mega cap tech stocks, that is down 1 . That part of the market is still weighing on the s p 500 while you have the financials and the energy and some of the other cyclical sectors doing well. David talk about that faang index. Earlier you said the real story is not the index, it is what is going on with amazon. What is going on with them . Abigail there two day prime event was last week. If you look at the stocks from that event to today, almost in a correction, down nearly 10 from peak to trough. That is not a great sign. The stock is underperforming its peers by about 5 during that same time. If you have a stock coming out of a bullish event into an Earnings Report suggests that hiphop ahead. Hiccup ahead. A the company could be under pres
Has fueled wildfires that have born burned more than a million and a half acres. Laura has become a category four storm. It is expected to make landfall tonight. We will have the latest on its movement in just a moment. Force. Rce joint the company beat estimates. We will talk to Ceo Marc Benioff live this hour. There is no one bigger than rhode island representative line. Cicil i sat down with the congressman for an exclusive interview that is ahead later this hour. If its politics you want more of, you can watch the Republican National convention tonight on bloomberg television. Viceyes will be on president mike pence as he makes the case for President Trumps reelection. We will bring you that coverage at 10 00 p. M. Eastern time. Our Bloomberg Markets correspondent Abigail Doolittle is with us. Abigail more record highs. I think you nailed it, talking about the fed liquidity. That has been the driver for the rally, right out of the march lows. The fed successfully stirred the animal
1 00, partly cloudy conditions. Numbers in the low 60s for the warmest inland valleys. Throughout the afternoon, its more sunshine and highs from the mid to upper 60s, but clouds advance again for your saturday night. Will we keep it dry . Sunday is also offering a mks of clouds and sun. Well talk about a sevenday outlook that is looking warmer, in the next few minutes. Liz . Lisa, thank you. Before we move on to talk about the new mass order here in our studio, lisa and i are a good 30 or more feet apart. We have our masks here and we different because face masks are required to be worn in most bay area counties. Any time youre indoors or within close proximity of others within an essential business or at work, you will be required to wear a mask. Now, in effect for these counties, alameda, contra costa, san mateo, San Francisco and marin. A similar order already exists in sonoma county. Employees and shoppers must wear them any time youre at the grocery or drugstore and while youre w
Low 50s in santa rosa. Plenty of cloud cover through the morning hours. Emeryville, the sun coming up in another 30 minutes. With that, mostly cloudy skies and some 50s throughout the mid morning hours. 60s start to arrive closer to noontime with the clouds be beginning to thin out a little bit, and then well call it sunny by later afternoon with numbers mainly in the mid to upper 60s away from the coast of liz . Lisa, thank you. Before we the new mask orders here, i want to point out that lisa and i have our face masks here and w ar tm ith any toim youre in an essential business or at work, you will be required to wear a mask. Now in effect for these counties, alameda, contra costa, san mateo, San Francisco and marin, a similar order already exists in sonoma county. Employees and shoppers must wear them any time youre at the grocery or drugstore. Youre required to wear one while waiting to enter any of those places. San Francisco Mayor london breed also encouraged everyone to keep you
Skies. It is in the upper 50s in concord and for the rest of the day, well, were going to feature not only the cloud cover towards noontime, but things will improve for partly cloudy skies later on today with mid and upper 60s in our vooeinlani valleys. The clearing sky makes its way back towards the bay staying cool and breezy at the shoreline. Before we talk about the mask order, lisa and i have our own Face Coverings right next to us we are weariun newsroom now per this new order in San Francisco. Were also standing at a farther distance away as well. We know life looks and feels a whole lot different this morning and that is because facemasks are required to be worn in most bay area counties, sg in San Francisco. Heres the mayor. Anytime youre indoors or within close proximity of others in an essential business or at work, you will be required to wear a mask. Now in effect for these counties, alameda, contra costa, san mateo, San Francisco, and morin. A similar order exists in sono