3,200. Tesla, watch this. Founder elon musk now worth about 70 billion. Richer than Warren Buffett. Another surge for that stock right now premarket, up another 100 a share, 6 . Wow. Apple getting closer to a 2 trillion valuation. Right now its up nearly five bucks at 388. Now, thats the big techs. We have a lot more quotes coming your way. Suffice it to say, big tech is having another terrific day. How about disney . A partial reopening despite a surge in new virus cases in florida. Masks, temperature checks, no lines. This was an important symbolic move to reopen disney world. Investors like it. Disney is back to 121. Talking about investors here, they like the good news on vaccines. Pfizer and biontech, they have been given fast track approval for two of their vaccine candidates. Stocks got a new shot in the arm when that news broke earlier this morning. Both stocks on the upside. What have we got for you . Later in the show, larry kudlow, he will have more on the next stimulus plan
Looking at 67 in San Francisco, 73 in oakland, 81 for san jose and topping out at 88 for concord. We are going to see a High Pressure system moving in and that means temperatures will be on the rise this week and i will have the full forecast coming up in a few minutes. We are keeping an eye on the huge wildfire burning near gilroy. It blew up overnight, more than doubling in size. It is now 5400 acres and is just 20 contained. It has been a real tough firefight with the gusty winds that they have been dealing with. You saw the aftermath of one property. Two homes have burned so far and 70 people have been evacuated from their homes. The first fire was reported before 3 00 on sunday, just east of highway 101 near cruise road it has been burning in a remote area. Fire crews have been dropping fire retardant and water from the sky and now they are moving to an area near henrico state park trying to make sure that the fire does not get close to highway 152 very popular. The cause of re l
After hitting another all time high earlier in the session. The selloff coming as California Governor Gavin Newsom rolling back reopening plans as coronavirus cases spike in the state. Bars, gyms, salons, malls, other businesses ordered to close indoor operations in 30 counties that represents 80 of the states population does this officially put a close on the reopening rally guy . I dont know again, i dont know if this was a rally on the reopening or hopes that there was some vaccine out there or the fact that the fed is back stopping this entire thing, but ill play your reindeer game, mel, and say this was the reopening rally. Im shocked that people are surprised that the reopening is not going as well as a lot of people were indicating it would. So it should put an end to it because on top of that, as we just talked about earlier, or sara and wilf talked about, you had one of the biggest reversals in the market. It looks to me eastererily simio some of the moves in late march when t
California also dramatically rolling back. Indoor dining and bars across the state. Staff to asking retail work from home as the company forces more Stores Across the covid19. D shipping joining us to break it all down and talk about how this hit the market today, Bloomberg Markets reporter Abigail Doolittle. Talk to us about what drove the drove higher than sharply them back. Abigail a big aeration reversal having not so much to do with the virus. 500, the s p p 500, the highest level out of the air market. The bigger show was for the tech space. The nasdaq at one point up more than 2 , closing down more than 2 . Those indexes so tightly wound, record high after record high, including today. Overbought, overextended. There were also some headlines out around the u. S. And china that seemed to help the selling pressure continue. With that, we had bonds trade higher. If you take a look at it on the day, netflix a perfect example. Today, earlier today, netflix had been up about 4 , closi
Restrictions in new york city is boosting education about masks and social distancing. U. S. And china ramping up tensions. Washington rejects beijings claims to the South China Sea and top senators are facing mainland sanctions. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening higher, gaining one quarter percent after stocks fell in the regular session. Sharply higher throughout most of the day and then we saw a bearish reversal in the afternoon. Marcus dealt a double whammy with data showing that virus cases surged in california, as they that makes up 15 of u. S. Gdp. Not to mention escalating tensions between the u. S. And china. The u. S. Denounced chinas claims to the South China Sea. The s p 500 at one point hit the highest level since march before falling in the afternoon. Led by tech and communication stocks. The nasdaq composite hit another record high. At the end of the session, the biggest fall in more than two weeks. Take a