After a hideous day like today where the dow plunged 923 points and s p plunged and the nasdaq down 3. 73 would it be liberating to dump the shot shoot match and cash in your ira and take out your 401k and sell funds to preserve some cash perfectly sensible emotion sure, thats the problem emotions whether trading or investing, you cant make decisions based on your feud you want to vanish the pain, i totally get that you are probably making a mistake. Look at the tsunami of selling that we have today i may tell you to stand there and let the wave crushes you, i am simply telling you not to panic. I know from experience and i have been doing this for 40 years and i am not a calm guy. Every time i panic, it costs me money. In four decades, i can remember one moment when panic was a strategy thats why in the fall of 2008 i made a rare sale everything call at the time it was collapsing. The incredible call to get back into the stock market. 2020 is not 2008 we got a run away pandemic and ho
Date on where the various districts of the Federal Reserve think the economy stands right now. Plus, jpmorgan taking on square and paypal with a big move into the Small Business space could the banks upend the market and these highflying stocks later, gm doubling down on its autonomous ridesharing business the ceo of cruise will be here to explain why he thinks ridesharing will thrive again after the pandemic power lunch starts right now hi, everybody. Lets go to dominic chu with big movers. I have taken over tylers spot at the telustrator. I will show you because tyler told us about the whiplash weve seen on the headlines. The markets are largely pricing in a lot of nothing right now. We were marginally lower, marginally higher at one point, and now were mixed across the board. Dow industrials off 30 points. The s p 500 up 0. 1 of 1 or four handles and nasdaq composite outperforming, up 13 basis points to be specific there. 3446 the last level for the s p 500. If you take a look at so
With high winds and low humidity. The areas shaded in red included in that red flag warning until 6 00 this evening as those winds continue to gust. As we start out this morning some mild temperatures but very smoky and its going to be another smoky and a hot day. Well have more on this as well as a look ahead to the weekend. Mike, whats the update on the morning commute. We continue to follow the fire zone and the evacuations, stay away from those areas marking the top of your map. The latest traffic issue southbound 101 continues with the closure into petaluma at north petaluma north because of the deadly crash. After that they have to do the investigation. North 880, that will take a while. Another hour until they clear those lanes to 23rd. We are down to one lane which we know to expect. Marcus . Thanks, mike. Back to that breaking news from overnight President Trump and the first lady bothiepotts, wha for the president , the country and the campaign. Tracie . Reporter hey, good mo
Ohhh yeahhh reporter right. Exactly. Get free ingarage delivery with myq® and key by amazon. How many people were exposed to the president and how many people was he exposed to is a big part of the work today. Hav Vice President joe biden, the democratic nominee, this morning tweeting jill and i, his wife, dr. Jill biden, send our thoughts to the president , the First Lady Melania Trump for a swift recovery, they pray for the health and safety of their family while the president of 6 44 right now. The United States and his wife are now in quarantine. The biggest story in the world right now people are following including us, the president of i just want to say that the the United States and first lady end of the pandemic is in sight. Testing positive for covid19. Reporter President Trumps scott mcgrew, you and dozens final public appearance before of reporters with nbc and the announcing via twitter that he family are all on top of the story. Tell us about the latest here. And First L
Trumps Health Condition seems to be improving following what by many reports was a bit of a rocky weekend. And part of that improvement is thanks to an experimental treatment from regeneron shares of that company are up 7 well look at the stocks behind the president s battle of coronavirus. And later, fears of a second wave sweeping the world. What does it mean for economic recovery here in the u. S. And around the globe power lunch starts right now at thtyler, thanks. There is hope the president will be discharged soon and a stimulus deal will get done eventually first we start with tKayla Tausche tracking the president we have been waiting for several hours for an update on the president s condition, whic we still have not received here youre looking at the scene right outside walter reed where we will take you later this afternoon. Meanwhile, the cluster of cases at the white house is growingpress secretary Kayleigh Mcenany stating after testing negative sentconsistently, incln ever